Tamarack Financial Statements From 2010 to 2025
| TVE Stock | CAD 4.21 0.02 0.48% |
Check Tamarack Valley financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Tamarack Valley's main balance sheet or income statement drivers, such as , as well as many indicators such as . Tamarack financial statements analysis is a perfect complement when working with Tamarack Valley Valuation or Volatility modules.
Tamarack |
Tamarack Valley Energy Company Return On Equity Analysis
Tamarack Valley's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Tamarack Valley Return On Equity | 0.0755 |
Most of Tamarack Valley's fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Tamarack Valley Energy is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
| Competition |
Based on the latest financial disclosure, Tamarack Valley Energy has a Return On Equity of 0.0755. This is 103.81% lower than that of the Oil, Gas & Consumable Fuels sector and 95.76% lower than that of the Energy industry. The return on equity for all Canada stocks is 124.35% lower than that of the firm.
Tamarack Valley Energy Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Tamarack Valley's current stock value. Our valuation model uses many indicators to compare Tamarack Valley value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Tamarack Valley competition to find correlations between indicators driving Tamarack Valley's intrinsic value. More Info.Tamarack Valley Energy is rated below average in return on equity category among its peers. It also is rated below average in return on asset category among its peers reporting about 0.78 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Tamarack Valley Energy is roughly 1.29 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Tamarack Valley by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Tamarack Valley's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.About Tamarack Valley Financial Statements
Tamarack Valley investors utilize fundamental indicators, such as revenue or net income, to predict how Tamarack Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Tamarack Valley Energy Ltd. acquires, explores, develops, and produces crude oil, natural gas, and natural gas liquids in the Western Canadian sedimentary basin. Tamarack Valley Energy Ltd. was incorporated in 2002 and is headquartered in Calgary, Canada. TAMARACK VALLEY operates under Oil Gas EP classification in Canada and is traded on Toronto Stock Exchange. It employs 74 people.
Pair Trading with Tamarack Valley
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Tamarack Valley position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Tamarack Valley will appreciate offsetting losses from the drop in the long position's value.Moving against Tamarack Stock
| 0.78 | AGI | Alamos Gold | PairCorr |
| 0.76 | ENB-PFU | Enbridge Pref L | PairCorr |
| 0.7 | FFH-PG | Fairfax Fin Hld | PairCorr |
| 0.65 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.64 | TD | Toronto Dominion Bank | PairCorr |
The ability to find closely correlated positions to Tamarack Valley could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tamarack Valley when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Tamarack Valley - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Tamarack Valley Energy to buy it.
The correlation of Tamarack Valley is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tamarack Valley moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tamarack Valley Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Tamarack Valley can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Tamarack Stock
Tamarack Valley financial ratios help investors to determine whether Tamarack Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Tamarack with respect to the benefits of owning Tamarack Valley security.