Tamboran Resources Stock Market Value
| TBN Stock | 17.39 0.61 3.39% |
| Symbol | Tamboran |
Tamboran Resources Price To Book Ratio
Is Oil, Gas & Consumable Fuels space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Tamboran Resources. If investors know Tamboran will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Tamboran Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.02) | Return On Assets (0.04) | Return On Equity (0.14) |
The market value of Tamboran Resources is measured differently than its book value, which is the value of Tamboran that is recorded on the company's balance sheet. Investors also form their own opinion of Tamboran Resources' value that differs from its market value or its book value, called intrinsic value, which is Tamboran Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Tamboran Resources' market value can be influenced by many factors that don't directly affect Tamboran Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Tamboran Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Tamboran Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tamboran Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Tamboran Resources '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 Tamboran Resources' 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 Tamboran Resources.
| 01/12/2023 |
| 12/02/2024 |
If you would invest 0.00 in Tamboran Resources on January 12, 2023 and sell it all today you would earn a total of 0.00 from holding Tamboran Resources or generate 0.0% return on investment in Tamboran Resources over 690 days. Tamboran Resources is related to or competes with Granite Ridge, North European, CNX Resources, GeoPark, PHX Minerals, California Resources, and Murphy Oil. Tamboran Resources is entity of United States More
Tamboran Resources 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 Tamboran Resources' 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 Tamboran Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 15.25 | |||
| Value At Risk | (3.61) | |||
| Potential Upside | 3.88 |
Tamboran Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tamboran Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tamboran Resources' standard deviation. In reality, there are many statistical measures that can use Tamboran Resources historical prices to predict the future Tamboran Resources' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | (0.16) |
Tamboran Resources Backtested Returns
Tamboran Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0907, which indicates the firm had a -0.0907% return per unit of risk over the last 3 months. Tamboran Resources exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tamboran Resources' Risk Adjusted Performance of (0.03), variance of 5.54, and Coefficient Of Variation of (2,201) to confirm the risk estimate we provide. The entity has a beta of 0.71, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tamboran Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Tamboran Resources is expected to be smaller as well. At this point, Tamboran Resources has a negative expected return of -0.19%. Please make sure to validate Tamboran Resources' total risk alpha, skewness, as well as the relationship between the Skewness and day median price , to decide if Tamboran Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Tamboran Resources has no correlation between past and present. Overlapping area represents the amount of predictability between Tamboran Resources time series from 12th of January 2023 to 23rd of December 2023 and 23rd of December 2023 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 Tamboran Resources price movement. The serial correlation of 0.0 indicates that just 0.0% of current Tamboran Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Tamboran Resources lagged returns against current returns
Autocorrelation, which is Tamboran Resources 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 Tamboran Resources' stock expected returns. We can calculate the autocorrelation of Tamboran Resources returns to help us make a trade decision. For example, suppose you find that Tamboran Resources 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 |
Tamboran Resources 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 Tamboran Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tamboran Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tamboran Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Tamboran Resources Lagged Returns
When evaluating Tamboran Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tamboran Resources stock have on its future price. Tamboran Resources 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, Tamboran Resources autocorrelation shows the relationship between Tamboran Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Tamboran Resources.
Regressed Prices |
| Timeline |
Pair Trading with Tamboran Resources
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 Tamboran Resources 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 Tamboran Resources will appreciate offsetting losses from the drop in the long position's value.Moving against Tamboran Stock
| 0.67 | VIST | Vista Oil Gas | PairCorr |
| 0.66 | DMLP | Dorchester Minerals | PairCorr |
| 0.57 | CNX | CNX Resources Corp Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.5 | PR | Permian Resources | PairCorr |
| 0.41 | BSM | Black Stone Minerals | PairCorr |
The ability to find closely correlated positions to Tamboran Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tamboran Resources 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 Tamboran Resources - 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 Tamboran Resources to buy it.
The correlation of Tamboran Resources 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 Tamboran Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tamboran Resources 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 Tamboran Resources 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 Tamboran Resources Correlation, Tamboran Resources Volatility and Tamboran Resources Alpha and Beta module to complement your research on Tamboran Resources. To learn how to invest in Tamboran Stock, please use our How to Invest in Tamboran Resources guide.You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Tamboran Resources 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.