Tethys OTC Stock Volatility

TETHF -  USA Stock  

USD 0.52  0.09  14.75%

Tethys Petroleum is out of control given 3 months investment horizon. Tethys Petroleum owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0999, which indicates the firm had 0.0999% of return per unit of risk over the last 3 months. Our standpoint towards measuring the risk of a stock is to use both market data as well as company specific technical data. We have analyze and collected data for twenty-six different technical indicators, which can help you to evaluate if expected returns of 1.14% are justified by taking the suggested risk. Use Tethys Petroleum Semi Deviation of 4.6, coefficient of variation of 1016.59, and Risk Adjusted Performance of 0.0869 to evaluate company specific risk that cannot be diversified away.

Tethys Volatility 

 
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Tethys Petroleum OTC Stock volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Tethys daily returns, and it is calculated using variance and standard deviation. We also use Tethys's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Tethys Petroleum volatility.

360 Days Market Risk

Out of control

Chance of Distress

360 Days Economic Sensitivity

Hyperactively responds to market trends

Tethys Petroleum Market Sensitivity And Downside Risk

Tethys Petroleum's beta coefficient measures the volatility of Tethys otc stock compared to the systematic risk of the entire stock market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents Tethys otc stock's returns against your selected market. In other words, Tethys Petroleum's beta of 2.65 provides an investor with an approximation of how much risk Tethys Petroleum otc stock can potentially add to one of your existing portfolios.
Let's try to break down what Tethys's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Tethys Petroleum will likely underperform.
3 Months Beta |Analyze Tethys Petroleum Demand Trend
Check current 90 days Tethys Petroleum correlation with market (DOW)

Tethys Beta

    
  2.65  
Tethys standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. Typical volatile equity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.

Standard Deviation

    
  11.44  
It is essential to understand the difference between upside risk (as represented by Tethys Petroleum's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Tethys Petroleum stock's daily returns or price. Since the actual investment returns on holding a position in Tethys Petroleum stock tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in Tethys Petroleum.

Tethys Petroleum OTC Stock Volatility Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. The Median Price line plots median indexes of Tethys Petroleum price series. View also all equity analysis or get more info about median price price transform indicator.

Tethys Petroleum Projected Return Density Against Market

Assuming the 90 days horizon the otc stock has the beta coefficient of 2.652 . This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Tethys Petroleum will likely underperform.
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Tethys Petroleum or Energy sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Tethys Petroleum stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Tethys stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
The company has an alpha of 1.0811, implying that it can generate a 1.08 percent excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 

Tethys Petroleum OTC Stock Risk Measures

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Tethys Petroleum or Energy sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Tethys Petroleum stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Tethys stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
Assuming the 90 days horizon the coefficient of variation of Tethys Petroleum is 1001.15. The daily returns are distributed with a variance of 130.84 and standard deviation of 11.44. The mean deviation of Tethys Petroleum is currently at 4.71. For similar time horizon, the selected benchmark (DOW) has volatility of 0.79
α
Alpha over DOW
1.08
β
Beta against DOW2.65
σ
Overall volatility
11.44
Ir
Information ratio 0.1

Tethys Petroleum OTC Stock Return Volatility

Tethys Petroleum historical daily return volatility represents how much Tethys Petroleum stock's price daily returns swing around its mean daily price change - it is a statistical measure of its dispersion of returns. The firm shows 11.4383% volatility of returns over 90 . By contrast, DOW inherits 0.7199% risk (volatility on return distribution) over the 90 days horizon.
 Performance (%) 
      Timeline 

About Tethys Petroleum Volatility

Volatility is a rate at which the price of Tethys Petroleum or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Tethys Petroleum may increase or decrease. In other words, similar to Tethys's beta indicator, it measures the risk of Tethys Petroleum and helps estimate the fluctuations that may happen in a short period of time. So if prices of Tethys Petroleum fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.
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 George Town, the Cayman Islands. Tethys Petroleum is traded on OTC Exchange in the United States.

Tethys Petroleum Investment Opportunity

Tethys Petroleum has a volatility of 11.44 and is 15.89 times more volatile than DOW. 96  of all equities and portfolios are less risky than Tethys Petroleum. Compared to the overall equity markets, volatility of historical daily returns of Tethys Petroleum is higher than 96 () of all global equities and portfolios over the last 90 days. Use Tethys Petroleum to protect your portfolios against small market fluctuations. The otc stock experiences a very speculative downward sentiment. The market maybe over-reacting. Check odds of Tethys Petroleum to be traded at $0.494 in 90 days. . Let's try to break down what Tethys's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Tethys Petroleum will likely underperform.

Average diversification

The correlation between Tethys Petroleum and DJI is Average diversification for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tethys Petroleum and DJI in the same portfolio assuming nothing else is changed.

Tethys Petroleum Additional Risk Indicators

The analysis of Tethys Petroleum's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in Tethys Petroleum's investment and either accepting that risk or mitigating it. Along with some common measures of Tethys Petroleum stock risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Risk Adjusted Performance0.0869
Market Risk Adjusted Performance0.424
Mean Deviation4.58
Semi Deviation4.6
Downside Deviation14.57
Coefficient Of Variation1016.59
Standard Deviation11.26
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Tethys Petroleum Suggested Diversification Pairs

Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
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The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Tethys Petroleum as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Tethys Petroleum's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Tethys Petroleum's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Tethys Petroleum.
Additionally, take a look at World Market Map. 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 Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.

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When running Tethys Petroleum 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 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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The market value of Tethys Petroleum is measured differently than its book value, which is the value of Tethys that is recorded on the company's balance sheet. Investors also form their own opinion of Tethys Petroleum's value that differs from its market value or its book value, called intrinsic value, which is Tethys Petroleum's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Tethys Petroleum's market value can be influenced by many factors that don't directly affect Tethys Petroleum underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Tethys Petroleum's value and its price as these two are different measures arrived at by different means. Investors typically determine Tethys Petroleum value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tethys Petroleum's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.