CONOIL PLC's market value is the price at which a share of CONOIL PLC trades on a public exchange. It measures the collective expectations of CONOIL PLC investors about its performance. CONOIL PLC is trading at 387.20 as of the 15th of December 2024, a 10.00 percent increase since the beginning of the trading day. The stock's open price was 352.0. With this module, you can estimate the performance of a buy and hold strategy of CONOIL PLC and determine expected loss or profit from investing in CONOIL PLC 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 gross domestic product.
Symbol
CONOIL
CONOIL PLC '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 CONOIL PLC'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 CONOIL PLC.
0.00
11/15/2024
No Change 0.00
0.0
In 30 days
12/15/2024
0.00
If you would invest 0.00 in CONOIL PLC on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding CONOIL PLC or generate 0.0% return on investment in CONOIL PLC over 30 days.
CONOIL PLC 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 CONOIL PLC'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 CONOIL PLC 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 CONOIL PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CONOIL PLC's standard deviation. In reality, there are many statistical measures that can use CONOIL PLC historical prices to predict the future CONOIL PLC's volatility.
CONOIL PLC is very steady given 3 months investment horizon. CONOIL PLC secures Sharpe Ratio (or Efficiency) of 0.41, which signifies that the company had a 0.41% return per unit of risk over the last 3 months. We were able to collect and analyze data for twenty-one different technical indicators, which can help you to evaluate if expected returns of 1.37% are justified by taking the suggested risk. Use CONOIL PLC risk adjusted performance of 0.2972, and Mean Deviation of 2.38 to evaluate company specific risk that cannot be diversified away. CONOIL PLC holds a performance score of 31 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.3, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CONOIL PLC's returns are expected to increase less than the market. However, during the bear market, the loss of holding CONOIL PLC is expected to be smaller as well. Use CONOIL PLC variance, skewness, as well as the relationship between the Skewness and day typical price , to analyze future returns on CONOIL PLC.
Auto-correlation
0.88
Very good predictability
CONOIL PLC has very good predictability. Overlapping area represents the amount of predictability between CONOIL PLC time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of CONOIL PLC price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current CONOIL PLC price fluctuation can be explain by its past prices.
Correlation Coefficient
0.88
Spearman Rank Test
0.75
Residual Average
0.0
Price Variance
2052.9
CONOIL PLC lagged returns against current returns
Autocorrelation, which is CONOIL PLC 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 CONOIL PLC's stock expected returns. We can calculate the autocorrelation of CONOIL PLC returns to help us make a trade decision. For example, suppose you find that CONOIL PLC 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
CONOIL PLC 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 CONOIL PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CONOIL PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CONOIL PLC stock over time.
Current vs Lagged Prices
Timeline
CONOIL PLC Lagged Returns
When evaluating CONOIL PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CONOIL PLC stock have on its future price. CONOIL PLC 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, CONOIL PLC autocorrelation shows the relationship between CONOIL PLC stock current value and its past values and can show if there is a momentum factor associated with investing in CONOIL PLC.
Regressed Prices
Timeline
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