Tamarack Valley Energy Stock Market Value
| TVE Stock | CAD 4.61 0.04 0.88% |
| Symbol | Tamarack |
Tamarack Valley Energy Price To Book Ratio
Tamarack Valley 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Tamarack Valley's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Tamarack Valley.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in Tamarack Valley on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding Tamarack Valley Energy or generate 0.0% return on investment in Tamarack Valley over 720 days. Tamarack Valley is related to or competes with MEG Energy, Cardinal Energy, Athabasca Oil, Whitecap Resources, and NuVista Energy. Tamarack Valley Energy Ltd. acquires, explores, develops, and produces crude oil, natural gas, and natural gas liquids i... More
Tamarack Valley Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Tamarack Valley's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Tamarack Valley Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.8 | |||
| Information Ratio | 0.0569 | |||
| Maximum Drawdown | 10.36 | |||
| Value At Risk | (3.54) | |||
| Potential Upside | 3.16 |
Tamarack Valley Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tamarack Valley's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tamarack Valley's standard deviation. In reality, there are many statistical measures that can use Tamarack Valley historical prices to predict the future Tamarack Valley's volatility.| Risk Adjusted Performance | 0.0926 | |||
| Jensen Alpha | 0.2344 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0483 | |||
| Treynor Ratio | 1.42 |
Tamarack Valley Energy Backtested Returns
Tamarack Valley appears to be slightly risky, given 3 months investment horizon. Tamarack Valley Energy owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0914, which indicates the firm had a 0.0914% return per unit of risk over the last 3 months. We have found thirty technical indicators for Tamarack Valley Energy, which you can use to evaluate the volatility of the company. Please review Tamarack Valley's Coefficient Of Variation of 893.79, semi deviation of 2.3, and Risk Adjusted Performance of 0.0926 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tamarack Valley holds a performance score of 7. The entity has a beta of 0.18, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tamarack Valley's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tamarack Valley is expected to be smaller as well. Please check Tamarack Valley's treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to make a quick decision on whether Tamarack Valley's existing price patterns will revert.
Auto-correlation | -0.46 |
Modest reverse predictability
Tamarack Valley Energy has modest reverse predictability. Overlapping area represents the amount of predictability between Tamarack Valley time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 to 23rd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Tamarack Valley Energy price movement. The serial correlation of -0.46 indicates that about 46.0% of current Tamarack Valley price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Tamarack Valley Energy lagged returns against current returns
Autocorrelation, which is Tamarack Valley stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Tamarack Valley's stock expected returns. We can calculate the autocorrelation of Tamarack Valley returns to help us make a trade decision. For example, suppose you find that Tamarack Valley has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Tamarack Valley regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Tamarack Valley stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tamarack Valley stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tamarack Valley stock over time.
Current vs Lagged Prices |
| Timeline |
Tamarack Valley Lagged Returns
When evaluating Tamarack Valley's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tamarack Valley stock have on its future price. Tamarack Valley autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Tamarack Valley autocorrelation shows the relationship between Tamarack Valley stock current value and its past values and can show if there is a momentum factor associated with investing in Tamarack Valley Energy.
Regressed Prices |
| Timeline |
Pair Trading with Tamarack Valley
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Tamarack Valley position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Tamarack Valley will appreciate offsetting losses from the drop in the long position's value.Moving together with Tamarack Stock
The ability to find closely correlated positions to Tamarack Valley could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tamarack Valley when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Tamarack Valley - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Tamarack Valley Energy to buy it.
The correlation of Tamarack Valley is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tamarack Valley moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tamarack Valley Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Tamarack Valley can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Tamarack Stock
Tamarack Valley financial ratios help investors to determine whether Tamarack Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Tamarack with respect to the benefits of owning Tamarack Valley security.