Tethys Petroleum Limited Stock Price on February 28, 2024
| TETHF Stock | USD 0.63 0.00 0.00% |
If you're considering investing in Tethys Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Tethys Petroleum stands at 0.63, as last reported on the 5th of May, with the highest price reaching 0.63 and the lowest price hitting 0.63 during the day. Tethys Petroleum appears to be out of control, given 3 months investment horizon. Tethys Petroleum owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0677, which indicates the firm had a 0.0677% return per unit of risk over the last 3 months. We have found nineteen technical indicators for Tethys Petroleum Limited, which you can use to evaluate the volatility of the company. Please review Tethys Petroleum's Variance of 34.55, risk adjusted performance of 0.0507, and Coefficient Of Variation of 1512.09 to confirm if our risk estimates are consistent with your expectations.
Tethys Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Tethys |
Sharpe Ratio = 0.0677
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Estimated Market Risk
| 6.02 actual daily | 53 53% of assets are less volatile |
Expected Return
| 0.41 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Tethys Petroleum is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Tethys Petroleum by adding it to a well-diversified portfolio.
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Tethys Petroleum Valuation on February 28, 2024
It is possible to determine the worth of Tethys Petroleum on a given historical date. On February 28, 2024 Tethys was worth 0.76 at the beginning of the trading date compared to the closed value of 0.76. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tethys Petroleum pink sheet. Still, in general, we apply an absolute valuation method to find Tethys Petroleum's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Tethys Petroleum where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tethys Petroleum's related companies.
| Open | High | Low | Close | Volume | |
| 0.62 | 0.86 | 0.62 | 0.76 | 6,100 | |
02/28/2024 | 0.76 | 0.76 | 0.76 | 0.76 | 1.00 |
| 0.64 | 0.69 | 0.64 | 0.69 | 6,700 |
| Backtest Tethys Petroleum | | | Tethys Petroleum History | | | Tethys Petroleum Valuation | Previous | Next |
Tethys Petroleum Trading Date Momentum on February 28, 2024
| On February 29 2024 Tethys Petroleum Limited was traded for 0.69 at the closing time. The highest daily price throughout the period was 0.69 and the lowest price was 0.64 . The daily volume was 6.7 K. The net trading volume on 02/29/2024 added to the next day price reduction. The trading price change to closing price of the next trading day was 9.21% . The trading price change to current closing price is 9.21% . |
Tethys Petroleum Fundamentals Correlations and Trends
By evaluating Tethys Petroleum's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Tethys Petroleum's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Tethys financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Tethys Petroleum Pink Sheet history
Tethys Petroleum investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Tethys is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Tethys Petroleum will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Tethys Petroleum stock prices may prove useful in developing a viable investing in Tethys Petroleum
Tethys Petroleum Limited acquires, explores for, and develops crude oil and natural gas fields in Kazakhstan. Tethys Petroleum Limited was incorporated in 2003 and is based in Grand Cayman, the Cayman Islands. Tethys Petroleum is traded on OTC Exchange in the United States.
Tethys Petroleum Pink Sheet Technical Analysis
Tethys Petroleum 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.
Price Boundaries
Tethys Petroleum Period Price Range
Low | February 28, 2024
| High |
0.76 | 0.76 |
Tethys Petroleum May 5, 2024 Market Strength
Market strength indicators help investors to evaluate how Tethys Petroleum pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tethys Petroleum shares will generate the highest return on investment. By undertsting and applying Tethys Petroleum pink sheet market strength indicators, traders can identify Tethys Petroleum Limited entry and exit signals to maximize returns
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 0.76 | |||
| Day Typical Price | 0.76 | |||
| Period Momentum Indicator | (0.13) | |||
| Relative Strength Index | 10.56 |
Tethys Petroleum Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Tethys Petroleum's price direction in advance. Along with the technical and fundamental analysis of Tethys Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Tethys to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0507 | |||
| Jensen Alpha | 0.4681 | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | (0.29) |
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| Volume Indicators |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tethys Petroleum Limited. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. Note that the Tethys Petroleum information on this page should be used as a complementary analysis to other Tethys Petroleum's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stocks Directory module to find actively traded stocks across global markets.
Complementary Tools for Tethys Pink Sheet analysis
When running Tethys Petroleum's price analysis, check to measure Tethys Petroleum'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 Tethys Petroleum is operating at the current time. Most of Tethys Petroleum's value examination focuses on studying past and present price action to predict the probability of Tethys Petroleum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tethys Petroleum's price. Additionally, you may evaluate how the addition of Tethys Petroleum to your portfolios can decrease your overall portfolio volatility.
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