Tourmaline Oil Corp Stock Technical Analysis
| TRMLF Stock | USD 47.45 0.34 0.72% |
As of the 30th of November, Tourmaline Oil has the Risk Adjusted Performance of 0.0423, semi deviation of 1.67, and Coefficient Of Variation of 2086.51. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Tourmaline Oil Corp, as well as the relationship between them. Please validate Tourmaline Oil Corp jensen alpha, potential upside, as well as the relationship between the Potential Upside and skewness to decide if Tourmaline Oil is priced more or less accurately, providing market reflects its prevalent price of 47.45 per share. Given that Tourmaline Oil Corp has jensen alpha of 0.0123, we advise you to double-check Tourmaline Oil Corp's current market performance to make sure the company can sustain itself at a future point.
Tourmaline Oil Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Tourmaline, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to TourmalineTourmaline |
Tourmaline Oil technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.
Tourmaline Oil Corp Technical Analysis
The output start index for this execution was ten with a total number of output elements of fifty-one. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Tourmaline Oil Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Tourmaline Oil Corp Trend Analysis
Use this graph to draw trend lines for Tourmaline Oil Corp. You can use it to identify possible trend reversals for Tourmaline Oil as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Tourmaline Oil price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Tourmaline Oil Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Tourmaline Oil Corp applied against its price change over selected period. The best fit line has a slop of 0.05 , which means Tourmaline Oil Corp will continue generating value for investors. It has 122 observation points and a regression sum of squares at 112.0, which is the sum of squared deviations for the predicted Tourmaline Oil price change compared to its average price change.About Tourmaline Oil Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Tourmaline Oil Corp on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Tourmaline Oil Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Tourmaline Oil Corp price pattern first instead of the macroeconomic environment surrounding Tourmaline Oil Corp. By analyzing Tourmaline Oil's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Tourmaline Oil's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Tourmaline Oil specific price patterns or momentum indicators. Please read more on our technical analysis page.
Tourmaline Oil November 30, 2024 Technical Indicators
Most technical analysis of Tourmaline help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Tourmaline from various momentum indicators to cycle indicators. When you analyze Tourmaline charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0423 | |||
| Market Risk Adjusted Performance | 0.1631 | |||
| Mean Deviation | 1.39 | |||
| Semi Deviation | 1.67 | |||
| Downside Deviation | 1.75 | |||
| Coefficient Of Variation | 2086.51 | |||
| Standard Deviation | 1.74 | |||
| Variance | 3.04 | |||
| Information Ratio | (0.03) | |||
| Jensen Alpha | 0.0123 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.1531 | |||
| Maximum Drawdown | 7.5 | |||
| Value At Risk | (2.84) | |||
| Potential Upside | 2.45 | |||
| Downside Variance | 3.06 | |||
| Semi Variance | 2.78 | |||
| Expected Short fall | (1.43) | |||
| Skewness | 0.0198 | |||
| Kurtosis | (0.1) |
Complementary Tools for Tourmaline Pink Sheet analysis
When running Tourmaline Oil's price analysis, check to measure Tourmaline Oil's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Tourmaline Oil is operating at the current time. Most of Tourmaline Oil's value examination focuses on studying past and present price action to predict the probability of Tourmaline Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tourmaline Oil's price. Additionally, you may evaluate how the addition of Tourmaline Oil to your portfolios can decrease your overall portfolio volatility.
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