TransAtlantic Petroleum Stock Forecast - Daily Balance Of Power
| TNPDelisted Stock | USD 29.28 0.26 0.88% |
TransAtlantic Stock Forecast is based on your current time horizon.
TransAtlantic |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (0.07) | (0.56) |
| Check TransAtlantic Petroleum Volatility | Backtest TransAtlantic Petroleum | Trend Details |
TransAtlantic Petroleum Trading Date Momentum
| On June 14 2024 TransAtlantic Petroleum was traded for 28.59 at the closing time. Highest TransAtlantic Petroleum's price during the trading hours was 29.78 and the lowest price during the day was 28.31 . The net volume was 589.7 K. The overall trading history on the 14th of June 2024 contributed to the next trading period price depreciation. The trading price change to the next next day price was 4.00% . The trading price change to current price is 5.07% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
Compare TransAtlantic Petroleum to competition
TransAtlantic Petroleum Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with TransAtlantic Petroleum stock to make a market-neutral strategy. Peer analysis of TransAtlantic Petroleum could also be used in its relative valuation, which is a method of valuing TransAtlantic Petroleum by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
TransAtlantic Petroleum Market Strength Events
Market strength indicators help investors to evaluate how TransAtlantic Petroleum stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading TransAtlantic Petroleum shares will generate the highest return on investment. By undertsting and applying TransAtlantic Petroleum stock market strength indicators, traders can identify TransAtlantic Petroleum entry and exit signals to maximize returns.
TransAtlantic Petroleum Risk Indicators
The analysis of TransAtlantic Petroleum's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in TransAtlantic Petroleum's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting transatlantic stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.44 | |||
| Semi Deviation | 1.46 | |||
| Standard Deviation | 1.82 | |||
| Variance | 3.31 | |||
| Downside Variance | 2.65 | |||
| Semi Variance | 2.13 | |||
| Expected Short fall | (1.66) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with TransAtlantic Petroleum
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 TransAtlantic Petroleum 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 TransAtlantic Petroleum will appreciate offsetting losses from the drop in the long position's value.Moving together with TransAtlantic Stock
Moving against TransAtlantic Stock
| 0.43 | QTWO | Q2 Metals Corp | PairCorr |
| 0.34 | AG | First Majestic Silver | PairCorr |
| 0.34 | ENB-PH | Enbridge H Cum | PairCorr |
The ability to find closely correlated positions to TransAtlantic Petroleum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TransAtlantic Petroleum 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 TransAtlantic Petroleum - 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 TransAtlantic Petroleum to buy it.
The correlation of TransAtlantic Petroleum 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 TransAtlantic Petroleum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TransAtlantic Petroleum 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 TransAtlantic Petroleum 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.Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Other Consideration for investing in TransAtlantic Stock
If you are still planning to invest in TransAtlantic Petroleum check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the TransAtlantic Petroleum's history and understand the potential risks before investing.
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Money Managers Screen money managers from public funds and ETFs managed around the world |