BP Prudhoe (Germany) Market Value
| BMI Stock | EUR 0.52 0.15 22.39% |
| Symbol | BMI |
BP Prudhoe '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 BP Prudhoe'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 BP Prudhoe.
| 11/06/2024 |
| 01/05/2025 |
If you would invest 0.00 in BP Prudhoe on November 6, 2024 and sell it all today you would earn a total of 0.00 from holding BP Prudhoe Bay or generate 0.0% return on investment in BP Prudhoe over 60 days. BP Prudhoe is related to or competes with CARDINAL HEALTH, CLOVER HEALTH, PLAYTECH, Pembina Pipeline, Luckin Coffee, Major Drilling, and Columbia Sportswear. BP Prudhoe Bay Royalty Trust operates as a grantor trust in the United States More
BP Prudhoe 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 BP Prudhoe'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 BP Prudhoe Bay upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 49.13 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 11.24 |
BP Prudhoe Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BP Prudhoe's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BP Prudhoe's standard deviation. In reality, there are many statistical measures that can use BP Prudhoe historical prices to predict the future BP Prudhoe's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.70) | |||
| Total Risk Alpha | (0.81) | |||
| Treynor Ratio | (1.22) |
BP Prudhoe Bay Backtested Returns
BP Prudhoe Bay retains Efficiency (Sharpe Ratio) of -0.0775, which signifies that the company had a -0.0775% return per unit of price deviation over the last 3 months. BP Prudhoe exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BP Prudhoe's Market Risk Adjusted Performance of (1.21), information ratio of (0.09), and Variance of 59.56 to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.57, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, BP Prudhoe's returns are expected to increase less than the market. However, during the bear market, the loss of holding BP Prudhoe is expected to be smaller as well. At this point, BP Prudhoe Bay has a negative expected return of -0.7%. Please make sure to confirm BP Prudhoe's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if BP Prudhoe Bay performance from the past will be repeated sooner or later.
Auto-correlation | 0.68 |
Good predictability
BP Prudhoe Bay has good predictability. Overlapping area represents the amount of predictability between BP Prudhoe time series from 6th of November 2024 to 6th of December 2024 and 6th of December 2024 to 5th 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 BP Prudhoe Bay price movement. The serial correlation of 0.68 indicates that around 68.0% of current BP Prudhoe price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
BP Prudhoe Bay lagged returns against current returns
Autocorrelation, which is BP Prudhoe 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 BP Prudhoe's stock expected returns. We can calculate the autocorrelation of BP Prudhoe returns to help us make a trade decision. For example, suppose you find that BP Prudhoe 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 |
BP Prudhoe 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 BP Prudhoe stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BP Prudhoe stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BP Prudhoe stock over time.
Current vs Lagged Prices |
| Timeline |
BP Prudhoe Lagged Returns
When evaluating BP Prudhoe's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BP Prudhoe stock have on its future price. BP Prudhoe 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, BP Prudhoe autocorrelation shows the relationship between BP Prudhoe stock current value and its past values and can show if there is a momentum factor associated with investing in BP Prudhoe Bay.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in BMI Stock
When determining whether BP Prudhoe Bay is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if BMI Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Bp Prudhoe Bay Stock. Highlighted below are key reports to facilitate an investment decision about Bp Prudhoe Bay Stock:Check out BP Prudhoe Correlation, BP Prudhoe Volatility and BP Prudhoe Alpha and Beta module to complement your research on BP Prudhoe. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
BP Prudhoe technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.