Tamar Petroleum (Israel) Market Value
| TMRP Stock | 2,326 64.00 2.68% |
| Symbol | Tamar |
Tamar Petroleum '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 Tamar Petroleum'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 Tamar Petroleum.
| 01/03/2023 |
| 12/23/2024 |
If you would invest 0.00 in Tamar Petroleum on January 3, 2023 and sell it all today you would earn a total of 0.00 from holding Tamar Petroleum or generate 0.0% return on investment in Tamar Petroleum over 720 days. Tamar Petroleum is related to or competes with Delek, Fattal 1998, Oil Refineries, and Enlight Renewable. Tamar Petroleum Ltd engages in the exploration and production of natural gas in Israel More
Tamar Petroleum 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 Tamar Petroleum'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 Tamar Petroleum upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.62 | |||
| Information Ratio | 0.1449 | |||
| Maximum Drawdown | 8.06 | |||
| Value At Risk | (2.53) | |||
| Potential Upside | 3.63 |
Tamar Petroleum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tamar Petroleum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tamar Petroleum's standard deviation. In reality, there are many statistical measures that can use Tamar Petroleum historical prices to predict the future Tamar Petroleum's volatility.| Risk Adjusted Performance | 0.1338 | |||
| Jensen Alpha | 0.3026 | |||
| Total Risk Alpha | 0.25 | |||
| Sortino Ratio | 0.1745 | |||
| Treynor Ratio | 3.4 |
Tamar Petroleum Backtested Returns
Tamar Petroleum appears to be very steady, given 3 months investment horizon. Tamar Petroleum owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.22, which indicates the firm had a 0.22% return per unit of risk over the last 3 months. We have found thirty technical indicators for Tamar Petroleum, which you can use to evaluate the volatility of the company. Please review Tamar Petroleum's Semi Deviation of 1.3, coefficient of variation of 619.36, and Risk Adjusted Performance of 0.1338 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tamar Petroleum holds a performance score of 17. The entity has a beta of 0.0895, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tamar Petroleum's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tamar Petroleum is expected to be smaller as well. Please check Tamar Petroleum's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Tamar Petroleum's existing price patterns will revert.
Auto-correlation | 0.15 |
Insignificant predictability
Tamar Petroleum has insignificant predictability. Overlapping area represents the amount of predictability between Tamar Petroleum time series from 3rd of January 2023 to 29th of December 2023 and 29th of December 2023 to 23rd 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 Tamar Petroleum price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Tamar Petroleum price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 43.7 K |
Tamar Petroleum lagged returns against current returns
Autocorrelation, which is Tamar Petroleum 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 Tamar Petroleum's stock expected returns. We can calculate the autocorrelation of Tamar Petroleum returns to help us make a trade decision. For example, suppose you find that Tamar Petroleum 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 |
Tamar Petroleum 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 Tamar Petroleum stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tamar Petroleum stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tamar Petroleum stock over time.
Current vs Lagged Prices |
| Timeline |
Tamar Petroleum Lagged Returns
When evaluating Tamar Petroleum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tamar Petroleum stock have on its future price. Tamar Petroleum 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, Tamar Petroleum autocorrelation shows the relationship between Tamar Petroleum stock current value and its past values and can show if there is a momentum factor associated with investing in Tamar Petroleum.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Tamar Stock
Tamar Petroleum financial ratios help investors to determine whether Tamar 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 Tamar with respect to the benefits of owning Tamar Petroleum security.