Tethys Oil (Sweden) Market Value
| TETY Stock | SEK 57.40 1.30 2.32% |
| Symbol | Tethys |
Tethys Oil 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Tethys Oil's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Tethys Oil.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Tethys Oil on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Tethys Oil AB or generate 0.0% return on investment in Tethys Oil over 90 days. Tethys Oil is related to or competes with Africa Oil, International Petroleum, Maha Energy, and Nobia AB. Tethys Oil AB focuses on the exploration and production of oil and natural gas properties More
Tethys Oil Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Tethys Oil's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Tethys Oil AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8858 | |||
| Information Ratio | 0.1162 | |||
| Maximum Drawdown | 75.62 | |||
| Value At Risk | (1.14) | |||
| Potential Upside | 2.32 |
Tethys Oil Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tethys Oil's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tethys Oil's standard deviation. In reality, there are many statistical measures that can use Tethys Oil historical prices to predict the future Tethys Oil's volatility.| Risk Adjusted Performance | 0.1094 | |||
| Jensen Alpha | 1.1 | |||
| Total Risk Alpha | (0.34) | |||
| Sortino Ratio | 1.21 | |||
| Treynor Ratio | 1.56 |
Tethys Oil AB Backtested Returns
Tethys Oil is not too volatile given 3 months investment horizon. Tethys Oil AB owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the firm had a 0.14% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.29% are justified by taking the suggested risk. Use Tethys Oil AB Standard Deviation of 9.22, risk adjusted performance of 0.1094, and Downside Deviation of 0.8858 to evaluate company specific risk that cannot be diversified away. Tethys Oil holds a performance score of 10 on a scale of zero to a hundred. The entity has a beta of 0.77, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tethys Oil's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tethys Oil is expected to be smaller as well. Use Tethys Oil AB expected short fall, daily balance of power, and the relationship between the downside variance and kurtosis , to analyze future returns on Tethys Oil AB.
Auto-correlation | 0.23 |
Weak predictability
Tethys Oil AB has weak predictability. Overlapping area represents the amount of predictability between Tethys Oil time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 to 2nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Tethys Oil AB price movement. The serial correlation of 0.23 indicates that over 23.0% of current Tethys Oil price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Tethys Oil AB lagged returns against current returns
Autocorrelation, which is Tethys Oil stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Tethys Oil's stock expected returns. We can calculate the autocorrelation of Tethys Oil returns to help us make a trade decision. For example, suppose you find that Tethys Oil has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Tethys Oil regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Tethys Oil stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tethys Oil stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tethys Oil stock over time.
Current vs Lagged Prices |
| Timeline |
Tethys Oil Lagged Returns
When evaluating Tethys Oil's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tethys Oil stock have on its future price. Tethys Oil autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Tethys Oil autocorrelation shows the relationship between Tethys Oil stock current value and its past values and can show if there is a momentum factor associated with investing in Tethys Oil AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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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.