Topaz Energy Corp Stock Alpha and Beta Analysis
| TPZ Stock | CAD 27.81 1.17 4.04% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Topaz Energy Corp. It also helps investors analyze the systematic and unsystematic risks associated with investing in Topaz Energy over a specified time horizon. Remember, high Topaz Energy's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Topaz Energy's market risk premium analysis include:
Beta 0.12 | Alpha 0.0811 | Risk 1.35 | Sharpe Ratio 0.0677 | Expected Return 0.0917 |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Topaz |
Topaz Energy Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Topaz Energy market risk premium is the additional return an investor will receive from holding Topaz Energy long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Topaz Energy. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Topaz Energy's performance over market.| α | 0.08 | β | 0.12 |
Topaz Energy expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Topaz Energy's Buy-and-hold return. Our buy-and-hold chart shows how Topaz Energy performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Topaz Energy Market Price Analysis
Market price analysis indicators help investors to evaluate how Topaz Energy stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Topaz Energy shares will generate the highest return on investment. By understating and applying Topaz Energy stock market price indicators, traders can identify Topaz Energy position entry and exit signals to maximize returns.
Topaz Energy Return and Market Media
The median price of Topaz Energy for the period between Thu, Aug 29, 2024 and Wed, Nov 27, 2024 is 26.82 with a coefficient of variation of 4.44. The daily time series for the period is distributed with a sample standard deviation of 1.18, arithmetic mean of 26.67, and mean deviation of 0.98. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Analysts Set Topaz Energy Corp. Price Target at C28.96 - MarketBeat | 09/18/2024 |
2 | Tourmaline closes Crew acquisition, sells royalty interest to Topaz Energy in C278M deal - Seeking Alpha | 10/01/2024 |
3 | Topaz Energy Acquires More Royalty Interests From Tourmaline - Seeking Alpha | 11/05/2024 |
4 | Topaz Energy Hits New 12-Month High - Still a Buy - MarketBeat | 11/14/2024 |
About Topaz Energy Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Topaz or other stocks. Alpha measures the amount that position in Topaz Energy Corp has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0492 | 0.0522 | 0.063 | 0.0425 | Price To Sales Ratio | 11.12 | 8.44 | 9.13 | 8.67 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Topaz Energy in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Topaz Energy's short interest history, or implied volatility extrapolated from Topaz Energy options trading.
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Other Information on Investing in Topaz Stock
Topaz Energy financial ratios help investors to determine whether Topaz 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 Topaz with respect to the benefits of owning Topaz Energy security.