Tourmaline Oil Corp Stock Alpha and Beta Analysis
| TOU Stock | CAD 67.28 1.84 2.66% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Tourmaline Oil Corp. It also helps investors analyze the systematic and unsystematic risks associated with investing in Tourmaline Oil over a specified time horizon. Remember, high Tourmaline Oil'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 Tourmaline Oil's market risk premium analysis include:
Beta 0.78 | Alpha 0.18 | Risk 1.64 | Sharpe Ratio 0.16 | Expected Return 0.27 |
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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.
Tourmaline |
Tourmaline Oil Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Tourmaline Oil market risk premium is the additional return an investor will receive from holding Tourmaline Oil 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 Tourmaline Oil. 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 Tourmaline Oil's performance over market.| α | 0.18 | β | 0.78 |
Tourmaline Oil 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 Tourmaline Oil's Buy-and-hold return. Our buy-and-hold chart shows how Tourmaline Oil performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Tourmaline Oil Market Price Analysis
Market price analysis indicators help investors to evaluate how Tourmaline Oil stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tourmaline Oil shares will generate the highest return on investment. By understating and applying Tourmaline Oil stock market price indicators, traders can identify Tourmaline Oil position entry and exit signals to maximize returns.
Tourmaline Oil Return and Market Media
The median price of Tourmaline Oil for the period between Wed, Jan 31, 2024 and Tue, Apr 30, 2024 is 60.92 with a coefficient of variation of 6.73. The daily time series for the period is distributed with a sample standard deviation of 4.11, arithmetic mean of 61.03, and mean deviation of 3.38. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Tourmaline Oil Corp. Announces Start-Up of Two Gas Facilities Announces Production Results for the Third Quarter ... - Marketscreener.com | 02/16/2024 |
2 | Tourmaline Oil Corp. earns 700 million in fourth quarter, revenues lower - Marketscreener.com | 03/06/2024 |
3 | Tourmaline Oil Given New C80.00 Price Target at ATB Capital - MarketBeat | 03/20/2024 |
4 | BMO Capital Markets Lowers Tourmaline Oil Price Target to C75.00 - MarketBeat | 03/28/2024 |
5 | Tourmaline Oil Breaks Above 200-Day Moving Average - Bullish for TOU - Nasdaq | 04/05/2024 |
6 | Tourmaline Oil Stock Price Up 1 percent - MarketBeat | 04/24/2024 |
About Tourmaline Oil 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 Tourmaline or other stocks. Alpha measures the amount that position in Tourmaline Oil 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 (projected) | Dividend Yield | 0.0368 | 0.12 | 0.11 | Price To Sales Ratio | 2.49 | 2.64 | 3.6 |
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 Tourmaline Oil 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, Tourmaline Oil's short interest history, or implied volatility extrapolated from Tourmaline Oil options trading.
Build Portfolio with Tourmaline Oil
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out Tourmaline Oil Backtesting, Tourmaline Oil Valuation, Tourmaline Oil Correlation, Tourmaline Oil Hype Analysis, Tourmaline Oil Volatility, Tourmaline Oil History and analyze Tourmaline Oil Performance. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Complementary Tools for Tourmaline Stock 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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Tourmaline Oil technical stock 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, stock market cycles, or different charting patterns.