Energean Plc Stock Market Value
| EERGF Stock | USD 13.95 1.95 16.25% |
| Symbol | Energean |
Energean 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 Energean Plc'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 Energean Plc.
| 11/27/2024 |
| 12/27/2024 |
If you would invest 0.00 in Energean Plc on November 27, 2024 and sell it all today you would earn a total of 0.00 from holding Energean plc or generate 0.0% return on investment in Energean Plc over 30 days. Energean Plc is related to or competes with Woodside Petroleum, Harbour Energy, Inpex, and Harbour Energy. Energean plc engages in the exploration, development, and production of oil and gas More
Energean 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 Energean Plc'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 Energean plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0438 | |||
| Maximum Drawdown | 22.74 | |||
| Potential Upside | 1.96 |
Energean Plc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Energean Plc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Energean Plc's standard deviation. In reality, there are many statistical measures that can use Energean Plc historical prices to predict the future Energean Plc's volatility.| Risk Adjusted Performance | 0.0565 | |||
| Jensen Alpha | 0.175 | |||
| Total Risk Alpha | 0.0119 | |||
| Treynor Ratio | (2.27) |
Energean plc Backtested Returns
At this point, Energean Plc is out of control. Energean plc secures Sharpe Ratio (or Efficiency) of 0.0639, which denotes the company had a 0.0639% return per unit of risk over the last 3 months. We have found twenty technical indicators for Energean plc, which you can use to evaluate the volatility of the firm. Please confirm Energean Plc's Variance of 8.61, mean deviation of 0.8794, and Standard Deviation of 2.93 to check if the risk estimate we provide is consistent with the expected return of 0.19%. Energean Plc has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0758, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Energean Plc are expected to decrease at a much lower rate. During the bear market, Energean Plc is likely to outperform the market. Energean plc right now shows a risk of 3.03%. Please confirm Energean plc variance, kurtosis, period momentum indicator, as well as the relationship between the total risk alpha and day median price , to decide if Energean plc will be following its price patterns.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Energean plc has insignificant reverse predictability. Overlapping area represents the amount of predictability between Energean Plc time series from 27th of November 2024 to 12th of December 2024 and 12th of December 2024 to 27th 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 Energean plc price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Energean Plc price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.93 |
Energean plc lagged returns against current returns
Autocorrelation, which is Energean Plc 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 Energean Plc's pink sheet expected returns. We can calculate the autocorrelation of Energean Plc returns to help us make a trade decision. For example, suppose you find that Energean Plc 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 |
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Energean 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 Energean Plc pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Energean Plc pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Energean Plc pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Energean Plc Lagged Returns
When evaluating Energean Plc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Energean Plc pink sheet have on its future price. Energean 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, Energean Plc autocorrelation shows the relationship between Energean Plc pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Energean plc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Energean Pink Sheet
Energean Plc financial ratios help investors to determine whether Energean 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 Energean with respect to the benefits of owning Energean Plc security.