Advantage Oil Gas Stock Market Value
| AAV Stock | CAD 9.55 0.14 1.49% |
| Symbol | Advantage |
Advantage 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 Advantage 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 Advantage Oil.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Advantage Oil on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Advantage Oil Gas or generate 0.0% return on investment in Advantage Oil over 90 days. Advantage Oil is related to or competes with Birchcliff Energy, NuVista Energy, Kelt Exploration, and Peyto ExplorationDevel. Advantage Energy Ltd., together with its subsidiaries, acquires, exploits, develops, and produces crude oil, natural gas... More
Advantage 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 Advantage 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 Advantage Oil Gas upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.26 | |||
| Information Ratio | 0.1281 | |||
| Maximum Drawdown | 10.88 | |||
| Value At Risk | (3.28) | |||
| Potential Upside | 4.01 |
Advantage Oil Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Advantage Oil's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Advantage Oil's standard deviation. In reality, there are many statistical measures that can use Advantage Oil historical prices to predict the future Advantage Oil's volatility.| Risk Adjusted Performance | 0.0797 | |||
| Jensen Alpha | 0.1285 | |||
| Total Risk Alpha | 0.4656 | |||
| Sortino Ratio | 0.1287 | |||
| Treynor Ratio | (0.37) |
Advantage Oil Gas Backtested Returns
As of now, Advantage Stock is not too volatile. Advantage Oil Gas secures Sharpe Ratio (or Efficiency) of 0.0844, which signifies that the company had a 0.0844 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Advantage Oil Gas, which you can use to evaluate the volatility of the firm. Please confirm Advantage Oil's Downside Deviation of 2.26, risk adjusted performance of 0.0797, and Mean Deviation of 1.77 to double-check if the risk estimate we provide is consistent with the expected return of 0.19%. Advantage Oil has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.49, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Advantage Oil are expected to decrease at a much lower rate. During the bear market, Advantage Oil is likely to outperform the market. Advantage Oil Gas right now shows a risk of 2.27%. Please confirm Advantage Oil Gas semi variance, and the relationship between the maximum drawdown and accumulation distribution , to decide if Advantage Oil Gas will be following its price patterns.
Auto-correlation | 0.53 |
Modest predictability
Advantage Oil Gas has modest predictability. Overlapping area represents the amount of predictability between Advantage Oil time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 Advantage Oil Gas price movement. The serial correlation of 0.53 indicates that about 53.0% of current Advantage Oil price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Advantage Oil Gas lagged returns against current returns
Autocorrelation, which is Advantage 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 Advantage Oil's stock expected returns. We can calculate the autocorrelation of Advantage Oil returns to help us make a trade decision. For example, suppose you find that Advantage 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 |
Advantage 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 Advantage Oil stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Advantage Oil stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Advantage Oil stock over time.
Current vs Lagged Prices |
| Timeline |
Advantage Oil Lagged Returns
When evaluating Advantage Oil's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Advantage Oil stock have on its future price. Advantage 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, Advantage Oil autocorrelation shows the relationship between Advantage Oil stock current value and its past values and can show if there is a momentum factor associated with investing in Advantage Oil Gas.
Regressed Prices |
| Timeline |
Pair Trading with Advantage Oil
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 Advantage Oil 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 Advantage Oil will appreciate offsetting losses from the drop in the long position's value.Moving together with Advantage Stock
Moving against Advantage Stock
The ability to find closely correlated positions to Advantage Oil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Advantage Oil 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 Advantage Oil - 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 Advantage Oil Gas to buy it.
The correlation of Advantage Oil 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 Advantage Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Advantage Oil Gas 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 Advantage Oil 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 Advantage Stock
Advantage Oil financial ratios help investors to determine whether Advantage 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 Advantage with respect to the benefits of owning Advantage Oil security.