Beyond Oil's market value is the price at which a share of Beyond Oil trades on a public exchange. It measures the collective expectations of Beyond Oil investors about its performance. Beyond Oil is trading at 1.24 as of the 15th of January 2025. This is a 1.64% up since the beginning of the trading day. The stock's lowest day price was 1.23. With this module, you can estimate the performance of a buy and hold strategy of Beyond Oil and determine expected loss or profit from investing in Beyond Oil over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
Symbol
Beyond
Beyond 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 Beyond 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 Beyond Oil.
0.00
12/16/2024
No Change 0.00
0.0
In 31 days
01/15/2025
0.00
If you would invest 0.00 in Beyond Oil on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Beyond Oil or generate 0.0% return on investment in Beyond Oil over 30 days.
Beyond 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 Beyond 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 Beyond Oil upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Beyond Oil's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Beyond Oil's standard deviation. In reality, there are many statistical measures that can use Beyond Oil historical prices to predict the future Beyond Oil's volatility.
At this point, Beyond Oil is dangerous. Beyond Oil secures Sharpe Ratio (or Efficiency) of 0.0405, which signifies that the company had a 0.0405% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Beyond Oil, which you can use to evaluate the volatility of the firm. Please confirm Beyond Oil's Risk Adjusted Performance of 0.0271, downside deviation of 4.0, and Mean Deviation of 2.17 to double-check if the risk estimate we provide is consistent with the expected return of 0.14%. Beyond Oil has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Beyond Oil are expected to decrease at a much lower rate. During the bear market, Beyond Oil is likely to outperform the market. Beyond Oil right now shows a risk of 3.44%. Please confirm Beyond Oil rate of daily change, period momentum indicator, as well as the relationship between the skewness and potential upside , to decide if Beyond Oil will be following its price patterns.
Auto-correlation
-0.68
Very good reverse predictability
Beyond Oil has very good reverse predictability. Overlapping area represents the amount of predictability between Beyond Oil time series from 16th of December 2024 to 31st of December 2024 and 31st of December 2024 to 15th of January 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 Beyond Oil price movement. The serial correlation of -0.68 indicates that around 68.0% of current Beyond Oil price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.68
Spearman Rank Test
-0.41
Residual Average
0.0
Price Variance
0.01
Beyond Oil lagged returns against current returns
Autocorrelation, which is Beyond 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 Beyond Oil's pink sheet expected returns. We can calculate the autocorrelation of Beyond Oil returns to help us make a trade decision. For example, suppose you find that Beyond 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
Beyond 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 Beyond Oil pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Beyond 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 Beyond Oil pink sheet over time.
Current vs Lagged Prices
Timeline
Beyond Oil Lagged Returns
When evaluating Beyond Oil's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Beyond Oil pink sheet have on its future price. Beyond 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, Beyond Oil autocorrelation shows the relationship between Beyond Oil pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Beyond Oil.