Africa Oil Corp Stock Market Value
| AOIFF Stock | USD 1.35 0.04 3.05% |
| Symbol | Africa |
Africa 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 Africa Oil's pink sheet 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 Africa Oil.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Africa Oil on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Africa Oil Corp or generate 0.0% return on investment in Africa Oil over 90 days. Africa Oil is related to or competes with Tamarack Valley, MEG Energy, Cardinal Energy, Whitecap Resources, Coelacanth Energy, Frontera Energy, and Eco (Atlantic). Africa Oil Corp., together with its subsidiaries, operates as an oil and gas exploration and development company in Keny... More
Africa 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 Africa Oil's pink sheet 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 Africa Oil Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.26 | |||
| Information Ratio | 0.0607 | |||
| Maximum Drawdown | 10.7 | |||
| Value At Risk | (3.01) | |||
| Potential Upside | 3.17 |
Africa Oil Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Africa Oil's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Africa Oil's standard deviation. In reality, there are many statistical measures that can use Africa Oil historical prices to predict the future Africa Oil's volatility.| Risk Adjusted Performance | 0.0199 | |||
| Jensen Alpha | 0.0859 | |||
| Total Risk Alpha | 0.3027 | |||
| Sortino Ratio | 0.0594 | |||
| Treynor Ratio | 0.0456 |
Africa Oil Corp Backtested Returns
At this point, Africa Oil is very risky. Africa Oil Corp secures Sharpe Ratio (or Efficiency) of 0.0455, which signifies that the company had a 0.0455 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Africa Oil Corp, which you can use to evaluate the volatility of the firm. Please confirm Africa Oil's Mean Deviation of 1.77, downside deviation of 2.26, and Risk Adjusted Performance of 0.0199 to double-check if the risk estimate we provide is consistent with the expected return of 0.0989%. Africa Oil has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.56, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Africa Oil's returns are expected to increase less than the market. However, during the bear market, the loss of holding Africa Oil is expected to be smaller as well. Africa Oil Corp right now shows a risk of 2.18%. Please confirm Africa Oil Corp sortino ratio, semi variance, rate of daily change, as well as the relationship between the value at risk and kurtosis , to decide if Africa Oil Corp will be following its price patterns.
Auto-correlation | -0.01 |
Very weak reverse predictability
Africa Oil Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between Africa 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 Africa Oil Corp price movement. The serial correlation of -0.01 indicates that just 1.0% of current Africa Oil price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Africa Oil Corp lagged returns against current returns
Autocorrelation, which is Africa Oil pink sheet'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 Africa Oil's pink sheet expected returns. We can calculate the autocorrelation of Africa Oil returns to help us make a trade decision. For example, suppose you find that Africa Oil has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Africa 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 Africa Oil pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Africa Oil pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Africa Oil pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Africa Oil Lagged Returns
When evaluating Africa Oil's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Africa Oil pink sheet have on its future price. Africa 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, Africa Oil autocorrelation shows the relationship between Africa Oil pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Africa Oil Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Africa Pink Sheet
Africa Oil financial ratios help investors to determine whether Africa Pink Sheet 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 Africa with respect to the benefits of owning Africa Oil security.