Canadian Stocks signal
TPZ

TPZ

Topaz Energy Corp. · Energy

Canadian StocksOil & Gas MidstreamTORCAD-11.0% from ATH
Current Price

$29.86

Drawdown from ATH

-11.0%

Last Updated

Sep 18, 2026

Dipsern Grade90d

C

Marginal

Graded against TPZ's own history at this drawdown — not the market's.

What it means: TPZ's own history does not strongly favor buying at this level yet.

What to do: Consider watching and waiting for a deeper dip or a higher grade.

Median 90-Day Return
Historical Win Rate
Last 30 days-0.83%
Aug 7Sep 18
About TPZ

Topaz Energy Corp.

Topaz Energy Corp. operates as a royalty and infrastructure energy company in Canada. It operates through Royalty Production and Infrastructure segments. The company holds royalty interests on approximately 9 million gross acres of developed and undeveloped lands. It is also involved in operating natural gas processing facilities; and associated crude oil and condensate handling facilities, as well as water management infrastructure. The company was formerly known as Exshaw Oil Corp. and changed

The reading

How Dipsern reads TPZ right now.

Three plain-English paragraphs — current state, historical base rate, and interpretation — so you walk away with context, not a dashboard.

Snapshot

How is TPZ doing right now?

In plain terms: TPZ is 11% below its highest-ever price. Dipsern checks every past time it was this far down and grades how the next 90 days usually went.

Right now TPZ — Topaz Energy Corp — is in a moderate correction, down 11.0% from its record high. Last price: $29.86. Corrections in this band are common during macro repricings (rate scares, sector rotations, earnings shocks). The question is whether the cause is durable or transient.

Historical base rate

What history says at this drawdown

Across all available history, TPZ has spent enough trading days in the 15%-to-10% drawdown band to build a large sample (262 observations). Dipsern segments these by drawdown depth and computes the rolling median forward 90-day return — that median is the primary signal you see in the full app, and it's substantially more robust than mean-based forecasts because it ignores fat-tail outliers in both directions.

Interpretation

What this means for TPZ

Drawdown-based signals work across asset classes but the magnitude of meaningful moves varies. Dipsern computes the segmentation per-asset so the bands are calibrated to TPZ's own volatility history. This is the band where most successful "buy the dip" strategies have historically operated. The median forward return here for TPZ is in the full app, alongside the segment-level win rate.

Comparable signals

Other Canadian Stocks at similar drawdown levels

Five tickers closest to TPZ's distance from all-time high. Same category, one tap away.

Saputo Inc

-11.6% from ATH

Canadian Tire Corp Ltd

-10.1% from ATH

Emera Inc

-10.1% from ATH

Finning International Inc

-12.1% from ATH

Restaurant Brands International Inc

-9.6% from ATH

Historical depth

Sample sizes by drawdown band

Dipsern segments the full drawdown range into 20 equal-width bands. The table shows the number of confirmed historical observations in each band for TPZ. Median forward returns, win rates, and prediction errors are available in the full analysis.

Drawdown BandObservationsMedian ReturnWin Rate
-25% to -20%27
-20% to -15%154
-15% to -10%Current262
-10% to -5%323
-5% to 0%657
Methodology

Every grade is reproducible.

We segment 40+ years of TPZ's price history into 20 equal-width drawdown bands and compute forward median returns, win rates, and prediction error per band. No look-ahead bias. Pure NumPy. Open math, gated numbers.

Years of history

40+

Drawdown bands

20

Look-ahead bias

None

Data sources

4

Unlock TPZ's full analysis

See the Dipsern grade, median returns, win rates, prediction accuracy, 8 interactive charts, historical price paths, and a plain-English verdict for TPZ.

Dipsern is research and a second opinion — not a broker. You'd buy TPZ at your own broker.

Analyze TPZ Free

No credit card required · 5 free analyses per month

Signal computed Sep 18, 2026 using default parameters (90-day return period, 20 segments, 0.95 decay). Data sourced from Yahoo Finance, Binance, CoinGecko, and Steam Market.