True North Energy Stock Market Value
| TNEN Stock | USD 0.0001 0.00 0.00% |
| Symbol | True |
True North '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 True North's pink sheet 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 True North.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in True North on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding True North Energy or generate 0.0% return on investment in True North over 30 days. True North is related to or competes with Saturn Oil, Sintana Energy, and Journey Energy. True North Energy Corp. acquires, explores, develops, and produces oil and gas properties in the United States More
True North 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 True North's pink sheet 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 True North Energy upside and downside potential and time the market with a certain degree of confidence.
True North Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for True North's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as True North's standard deviation. In reality, there are many statistical measures that can use True North historical prices to predict the future True North's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of True North's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
True North Energy Backtested Returns
We have found three technical indicators for True North Energy, which you can use to evaluate the volatility of the company. The entity has a beta of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and True North are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
True North Energy has no correlation between past and present. Overlapping area represents the amount of predictability between True North time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 True North Energy price movement. The serial correlation of 0.0 indicates that just 0.0% of current True North price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
True North Energy lagged returns against current returns
Autocorrelation, which is True North pink sheet'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 True North's pink sheet expected returns. We can calculate the autocorrelation of True North returns to help us make a trade decision. For example, suppose you find that True North has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
True North 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 True North pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if True North pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in True North pink sheet over time.
Current vs Lagged Prices |
| Timeline |
True North Lagged Returns
When evaluating True North's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of True North pink sheet have on its future price. True North 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, True North autocorrelation shows the relationship between True North pink sheet current value and its past values and can show if there is a momentum factor associated with investing in True North Energy.
Regressed Prices |
| Timeline |
Pair Trading with True North
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 True North 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 True North will appreciate offsetting losses from the drop in the long position's value.Moving against True Pink Sheet
The ability to find closely correlated positions to True North could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace True North 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 True North - 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 True North Energy to buy it.
The correlation of True North 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 True North moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if True North 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 True North 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 True Pink Sheet
True North financial ratios help investors to determine whether True Pink Sheet 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 True with respect to the benefits of owning True North security.