Harbour Energy Plc Stock Market Value
| HBRIY Stock | USD 3.09 0.03 0.96% |
| Symbol | Harbour |
Harbour Energy '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 Harbour Energy'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 Harbour Energy.
| 11/29/2024 |
| 12/29/2024 |
If you would invest 0.00 in Harbour Energy on November 29, 2024 and sell it all today you would earn a total of 0.00 from holding Harbour Energy PLC or generate 0.0% return on investment in Harbour Energy over 30 days. Harbour Energy is related to or competes with San Leon, Enwell Energy, Dno ASA, Questerre Energy, PetroShale, Inpex Corp, and Canacol Energy. Harbour Energy plc, an independent oil and gas company, engages in the acquisition, exploration, development, and produc... More
Harbour Energy 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 Harbour Energy'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 Harbour Energy PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 13.35 | |||
| Value At Risk | (3.41) | |||
| Potential Upside | 2.99 |
Harbour Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Harbour Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Harbour Energy's standard deviation. In reality, there are many statistical measures that can use Harbour Energy historical prices to predict the future Harbour Energy's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | 2.78 |
Harbour Energy PLC Backtested Returns
Harbour Energy PLC holds Efficiency (Sharpe) Ratio of -0.13, which attests that the entity had a -0.13% return per unit of risk over the last 3 months. Harbour Energy PLC exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Harbour Energy's Market Risk Adjusted Performance of 2.79, risk adjusted performance of (0.08), and Standard Deviation of 1.98 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0782, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Harbour Energy are expected to decrease at a much lower rate. During the bear market, Harbour Energy is likely to outperform the market. At this point, Harbour Energy PLC has a negative expected return of -0.25%. Please make sure to check out Harbour Energy's jensen alpha and daily balance of power , to decide if Harbour Energy PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.67 |
Good predictability
Harbour Energy PLC has good predictability. Overlapping area represents the amount of predictability between Harbour Energy time series from 29th of November 2024 to 14th of December 2024 and 14th of December 2024 to 29th 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 Harbour Energy PLC price movement. The serial correlation of 0.67 indicates that around 67.0% of current Harbour Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Harbour Energy PLC lagged returns against current returns
Autocorrelation, which is Harbour Energy 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 Harbour Energy's pink sheet expected returns. We can calculate the autocorrelation of Harbour Energy returns to help us make a trade decision. For example, suppose you find that Harbour Energy 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 |
Harbour Energy 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 Harbour Energy pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Harbour Energy pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Harbour Energy pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Harbour Energy Lagged Returns
When evaluating Harbour Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Harbour Energy pink sheet have on its future price. Harbour Energy 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, Harbour Energy autocorrelation shows the relationship between Harbour Energy pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Harbour Energy PLC.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Harbour Pink Sheet Analysis
When running Harbour Energy's price analysis, check to measure Harbour Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Harbour Energy is operating at the current time. Most of Harbour Energy's value examination focuses on studying past and present price action to predict the probability of Harbour Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Harbour Energy's price. Additionally, you may evaluate how the addition of Harbour Energy to your portfolios can decrease your overall portfolio volatility.