Tidewater Midstream And Stock Market Value
| TWM Stock | CAD 0.13 0.01 7.14% |
| Symbol | Tidewater |
Tidewater Midstream and Price To Book Ratio
Tidewater Midstream '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 Tidewater Midstream'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 Tidewater Midstream.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in Tidewater Midstream on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding Tidewater Midstream and or generate 0.0% return on investment in Tidewater Midstream over 720 days. Tidewater Midstream is related to or competes with Tamarack Valley, Headwater Exploration, Gear Energy, Birchcliff Energy, and Topaz Energy. Tidewater Midstream and Infrastructure Ltd., through its subsidiaries, operates as a diversified midstream and infrastru... More
Tidewater Midstream 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 Tidewater Midstream'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 Tidewater Midstream and upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 57.27 | |||
| Value At Risk | (9.68) | |||
| Potential Upside | 7.69 |
Tidewater Midstream Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tidewater Midstream's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tidewater Midstream's standard deviation. In reality, there are many statistical measures that can use Tidewater Midstream historical prices to predict the future Tidewater Midstream's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (1.03) | |||
| Total Risk Alpha | (1.96) | |||
| Treynor Ratio | (1.28) |
Tidewater Midstream and Backtested Returns
Tidewater Midstream and owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the firm had a -0.12% return per unit of risk over the last 3 months. Tidewater Midstream and exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tidewater Midstream's Variance of 52.18, coefficient of variation of (766.49), and Risk Adjusted Performance of (0.09) to confirm the risk estimate we provide. The entity has a beta of 0.75, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tidewater Midstream's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tidewater Midstream is expected to be smaller as well. At this point, Tidewater Midstream and has a negative expected return of -0.89%. Please make sure to validate Tidewater Midstream's total risk alpha and the relationship between the skewness and period momentum indicator , to decide if Tidewater Midstream and performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Tidewater Midstream and has insignificant reverse predictability. Overlapping area represents the amount of predictability between Tidewater Midstream time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th 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 Tidewater Midstream and price movement. The serial correlation of -0.16 indicates that over 16.0% of current Tidewater Midstream price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Tidewater Midstream and lagged returns against current returns
Autocorrelation, which is Tidewater Midstream 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 Tidewater Midstream's stock expected returns. We can calculate the autocorrelation of Tidewater Midstream returns to help us make a trade decision. For example, suppose you find that Tidewater Midstream 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 |
Tidewater Midstream 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 Tidewater Midstream stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tidewater Midstream stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tidewater Midstream stock over time.
Current vs Lagged Prices |
| Timeline |
Tidewater Midstream Lagged Returns
When evaluating Tidewater Midstream's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tidewater Midstream stock have on its future price. Tidewater Midstream 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, Tidewater Midstream autocorrelation shows the relationship between Tidewater Midstream stock current value and its past values and can show if there is a momentum factor associated with investing in Tidewater Midstream and.
Regressed Prices |
| Timeline |
Pair Trading with Tidewater Midstream
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 Tidewater Midstream 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 Tidewater Midstream will appreciate offsetting losses from the drop in the long position's value.Moving against Tidewater Stock
| 0.9 | ENS-PA | E Split Corp | PairCorr |
| 0.75 | ENS | E Split Corp | PairCorr |
| 0.67 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.63 | ENB-PFC | Enbridge Pref 11 | PairCorr |
The ability to find closely correlated positions to Tidewater Midstream could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tidewater Midstream 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 Tidewater Midstream - 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 Tidewater Midstream and to buy it.
The correlation of Tidewater Midstream 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 Tidewater Midstream moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tidewater Midstream and 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 Tidewater Midstream 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 Tidewater Stock
Tidewater Midstream financial ratios help investors to determine whether Tidewater 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 Tidewater with respect to the benefits of owning Tidewater Midstream security.