Tethys Petroleum Limited Stock Market Value
| TETHF Stock | USD 0.63 0.00 0.00% |
| Symbol | Tethys |
Tethys Petroleum '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 Tethys Petroleum's pink sheet 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 Tethys Petroleum.
| 11/04/2023 |
| 05/02/2024 |
If you would invest 0.00 in Tethys Petroleum on November 4, 2023 and sell it all today you would earn a total of 0.00 from holding Tethys Petroleum Limited or generate 0.0% return on investment in Tethys Petroleum over 180 days. Tethys Petroleum is related to or competes with Enerflex, Natural Gas, Archrock, Geospace Technologies, and Newpark Resources. Tethys Petroleum Limited acquires, explores for, and develops crude oil and natural gas fields in Kazakhstan More
Tethys Petroleum 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 Tethys Petroleum's pink sheet 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 Tethys Petroleum Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.056 | |||
| Maximum Drawdown | 53.9 | |||
| Value At Risk | (3.75) | |||
| Potential Upside | 7.41 |
Tethys Petroleum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tethys Petroleum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tethys Petroleum's standard deviation. In reality, there are many statistical measures that can use Tethys Petroleum historical prices to predict the future Tethys Petroleum's volatility.| Risk Adjusted Performance | 0.0513 | |||
| Jensen Alpha | 0.3333 | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | 0.4123 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tethys Petroleum's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Tethys Petroleum Backtested Returns
Tethys Petroleum appears to be out of control, given 3 months investment horizon. Tethys Petroleum owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0682, which indicates the firm had a 0.0682% 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 0.0513, and Coefficient Of Variation of 1512.09 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tethys Petroleum holds a performance score of 5. The entity has a beta of 0.92, which indicates possible diversification benefits within a given portfolio. Tethys Petroleum returns are very sensitive to returns on the market. As the market goes up or down, Tethys Petroleum is expected to follow. Please check Tethys Petroleum's variance, as well as the relationship between the value at risk and rate of daily change , to make a quick decision on whether Tethys Petroleum's existing price patterns will revert.
Auto-correlation | -0.33 |
Poor reverse predictability
Tethys Petroleum Limited has poor reverse predictability. Overlapping area represents the amount of predictability between Tethys Petroleum time series from 4th of November 2023 to 2nd of February 2024 and 2nd of February 2024 to 2nd of May 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 Tethys Petroleum price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Tethys Petroleum price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Tethys Petroleum lagged returns against current returns
Autocorrelation, which is Tethys Petroleum pink sheet'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 Tethys Petroleum's pink sheet expected returns. We can calculate the autocorrelation of Tethys Petroleum returns to help us make a trade decision. For example, suppose you find that Tethys Petroleum has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Tethys Petroleum 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 Tethys Petroleum pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tethys Petroleum pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tethys Petroleum pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Tethys Petroleum Lagged Returns
When evaluating Tethys Petroleum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tethys Petroleum pink sheet have on its future price. Tethys Petroleum 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, Tethys Petroleum autocorrelation shows the relationship between Tethys Petroleum pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Tethys Petroleum Limited.
Regressed Prices |
| Timeline |
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 Tethys Petroleum 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, Tethys Petroleum's short interest history, or implied volatility extrapolated from Tethys Petroleum options trading.
Currently Active Assets on Macroaxis
Check out Tethys Petroleum Correlation, Tethys Petroleum Volatility and Tethys Petroleum Alpha and Beta module to complement your research on Tethys Petroleum. 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 Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
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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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.