Offshore Oil (China) Market Value
| 600583 Stock | 5.04 0.01 0.20% |
| Symbol | Offshore |
Offshore Oil '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 Offshore Oil'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 Offshore Oil.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in Offshore Oil on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding Offshore Oil Engineering or generate 0.0% return on investment in Offshore Oil over 30 days. Offshore Oil is related to or competes with XiAn Dagang, Servyou Software, Xinjiang Beixin, Zhengping RoadBridge, Jiangsu Broadcasting, Guotai Epoint, and Dhc Software. Offshore Oil is entity of China. It is traded as Stock on SHG exchange. More
Offshore Oil 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 Offshore Oil'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 Offshore Oil Engineering upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 4.96 | |||
| Value At Risk | (2.33) | |||
| Potential Upside | 1.48 |
Offshore Oil Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Offshore Oil's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Offshore Oil's standard deviation. In reality, there are many statistical measures that can use Offshore Oil historical prices to predict the future Offshore Oil's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | (24.08) |
Offshore Oil Engineering Backtested Returns
Offshore Oil Engineering maintains Sharpe Ratio (i.e., Efficiency) of -0.0769, which implies the firm had a -0.0769 % return per unit of risk over the last 3 months. Offshore Oil Engineering exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Offshore Oil's Variance of 1.46, risk adjusted performance of (0.08), and Coefficient Of Variation of (839.06) to confirm the risk estimate we provide. The company holds a Beta of 0.0064, which implies not very significant fluctuations relative to the market. As returns on the market increase, Offshore Oil's returns are expected to increase less than the market. However, during the bear market, the loss of holding Offshore Oil is expected to be smaller as well. At this point, Offshore Oil Engineering has a negative expected return of -0.0912%. Please make sure to check Offshore Oil's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Offshore Oil Engineering performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.49 |
Average predictability
Offshore Oil Engineering has average predictability. Overlapping area represents the amount of predictability between Offshore Oil time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Offshore Oil Engineering price movement. The serial correlation of 0.49 indicates that about 49.0% of current Offshore Oil price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Offshore Oil Engineering lagged returns against current returns
Autocorrelation, which is Offshore Oil 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 Offshore Oil's stock expected returns. We can calculate the autocorrelation of Offshore Oil returns to help us make a trade decision. For example, suppose you find that Offshore Oil 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 |
Offshore Oil 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 Offshore Oil stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Offshore Oil stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Offshore Oil stock over time.
Current vs Lagged Prices |
| Timeline |
Offshore Oil Lagged Returns
When evaluating Offshore Oil's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Offshore Oil stock have on its future price. Offshore Oil 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, Offshore Oil autocorrelation shows the relationship between Offshore Oil stock current value and its past values and can show if there is a momentum factor associated with investing in Offshore Oil Engineering.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Offshore Stock
Offshore Oil financial ratios help investors to determine whether Offshore 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 Offshore with respect to the benefits of owning Offshore Oil security.