Tethys Oil (Sweden) Price on September 17, 2024
| TETY Stock | SEK 57.40 0.10 0.17% |
If you're considering investing in Tethys Stock, it is important to understand the factors that can impact its price. As of today, the current price of Tethys Oil stands at 57.40, as last reported on the 4th of December, with the highest price reaching 57.60 and the lowest price hitting 56.80 during the day. Tethys Oil is not too volatile given 3 months investment horizon. Tethys Oil AB owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.25% are justified by taking the suggested risk. Use Tethys Oil AB Standard Deviation of 9.2, downside deviation of 0.6411, and Risk Adjusted Performance of 0.1147 to evaluate company specific risk that cannot be diversified away.
Tethys Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Tethys |
Sharpe Ratio = 0.1349
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | TETY | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 9.28 actual daily | 82 82% of assets are less volatile |
Expected Return
| 1.25 actual daily | 24 76% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Tethys Oil is performing at about 10% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Tethys Oil by adding it to a well-diversified portfolio.
Tethys Oil Valuation on September 17, 2024
It is possible to determine the worth of Tethys Oil on a given historical date. On September 17, 2024 Tethys was worth 54.2 at the beginning of the trading date compared to the closed value of 54.1. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tethys Oil stock. Still, in general, we apply an absolute valuation method to find Tethys Oil's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Tethys Oil where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tethys Oil's related companies.
| Open | High | Low | Close | Volume | |
| 54.30 | 54.70 | 54.20 | 54.20 | 843,627 | |
09/17/2024 | 54.20 | 54.30 | 54.10 | 54.10 | 392,244 |
| 54.20 | 54.30 | 53.90 | 54.00 | 394,533 |
| Backtest Tethys Oil | | | Tethys Oil History | | | Tethys Oil Valuation | Previous | Next |
Tethys Oil Trading Date Momentum on September 17, 2024
| On September 18 2024 Tethys Oil AB was traded for 54.00 at the closing time. The highest price during the trading period was 54.30 and the lowest recorded bid was listed for 53.90 . The volume for the day was 394.5 K. This history from September 18, 2024 contributed to the next trading day price decline. The trading price change to the next closing price was 0.18% . The trading price change to the current price is 0.74% . |
Tethys Oil AB Fundamentals Correlations and Trends
By evaluating Tethys Oil's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Tethys Oil's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Tethys financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Tethys Oil Stock history
Tethys Oil investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Tethys is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Tethys Oil AB will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Tethys Oil stock prices may prove useful in developing a viable investing in Tethys Oil
Tethys Oil AB focuses on the exploration and production of oil and natural gas properties. Tethys Oil AB was incorporated in 2001 and is headquartered in Stockholm, Sweden. Tethys Oil operates under Oil Gas EP classification in Sweden and is traded on Stockholm Stock Exchange. It employs 26 people.
Tethys Oil Stock Technical Analysis
Tethys 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.
Price Boundaries
Tethys Oil Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
Tethys Oil AB cannot be verified against its exchange. Please verify the symbol is currently traded on Stockholm Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Tethys Oil December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Tethys 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 Tethys Oil shares will generate the highest return on investment. By undertsting and applying Tethys Oil stock market strength indicators, traders can identify Tethys Oil AB entry and exit signals to maximize returns
Tethys Oil Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Tethys Oil's price direction in advance. Along with the technical and fundamental analysis of Tethys Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Tethys to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1147 | |||
| Jensen Alpha | 1.17 | |||
| Total Risk Alpha | 0.0162 | |||
| Sortino Ratio | 1.81 | |||
| Treynor Ratio | 1.45 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Additional Tools for Tethys Stock Analysis
When running Tethys Oil's price analysis, check to measure Tethys 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 Tethys Oil is operating at the current time. Most of Tethys Oil's value examination focuses on studying past and present price action to predict the probability of Tethys 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 Tethys Oil's price. Additionally, you may evaluate how the addition of Tethys Oil to your portfolios can decrease your overall portfolio volatility.