International Petroleum Corp Stock Market Value
| IPCO Stock | CAD 20.55 0.97 4.95% |
| Symbol | International |
International Petroleum Price To Book Ratio
International Petroleum '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 International Petroleum'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 International Petroleum.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in International Petroleum on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding International Petroleum Corp or generate 0.0% return on investment in International Petroleum over 90 days. International Petroleum is related to or competes with Topaz Energy, Spartan Delta, Africa Oil, Headwater Exploration, and Journey Energy. International Petroleum Corporation operates as an oil and gas exploration and production company More
International Petroleum 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 International Petroleum'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 International Petroleum Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.16 | |||
| Information Ratio | 0.2293 | |||
| Maximum Drawdown | 10.34 | |||
| Value At Risk | (2.82) | |||
| Potential Upside | 4.22 |
International Petroleum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for International Petroleum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as International Petroleum's standard deviation. In reality, there are many statistical measures that can use International Petroleum historical prices to predict the future International Petroleum's volatility.| Risk Adjusted Performance | 0.1678 | |||
| Jensen Alpha | 0.4798 | |||
| Total Risk Alpha | 0.6957 | |||
| Sortino Ratio | 0.2413 | |||
| Treynor Ratio | 0.656 |
International Petroleum Backtested Returns
International Petroleum appears to be very steady, given 3 months investment horizon. International Petroleum holds Efficiency (Sharpe) Ratio of 0.2, which attests that the entity had a 0.2 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for International Petroleum, which you can use to evaluate the volatility of the firm. Please utilize International Petroleum's Market Risk Adjusted Performance of 0.666, risk adjusted performance of 0.1678, and Downside Deviation of 2.16 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, International Petroleum holds a performance score of 15. The company retains a Market Volatility (i.e., Beta) of 0.63, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, International Petroleum's returns are expected to increase less than the market. However, during the bear market, the loss of holding International Petroleum is expected to be smaller as well. Please check International Petroleum's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to make a quick decision on whether International Petroleum's current trending patterns will revert.
Auto-correlation | 0.42 |
Average predictability
International Petroleum Corp has average predictability. Overlapping area represents the amount of predictability between International Petroleum time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 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 International Petroleum price movement. The serial correlation of 0.42 indicates that just about 42.0% of current International Petroleum price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.59 |
International Petroleum lagged returns against current returns
Autocorrelation, which is International Petroleum 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 International Petroleum's stock expected returns. We can calculate the autocorrelation of International Petroleum returns to help us make a trade decision. For example, suppose you find that International Petroleum 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 |
International Petroleum 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 International Petroleum stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if International Petroleum stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in International Petroleum stock over time.
Current vs Lagged Prices |
| Timeline |
International Petroleum Lagged Returns
When evaluating International Petroleum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of International Petroleum stock have on its future price. International Petroleum 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, International Petroleum autocorrelation shows the relationship between International Petroleum stock current value and its past values and can show if there is a momentum factor associated with investing in International Petroleum Corp.
Regressed Prices |
| Timeline |
Pair Trading with International Petroleum
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if International Petroleum position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in International Petroleum will appreciate offsetting losses from the drop in the long position's value.Moving together with International Stock
| 0.71 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.65 | ENB-PFU | Enbridge Pref L | PairCorr |
| 0.65 | ENS-PA | E Split Corp | PairCorr |
Moving against International Stock
| 0.69 | MSFT | Microsoft Corp CDR | PairCorr |
| 0.63 | TSLA | Tesla Inc CDR | PairCorr |
| 0.61 | PYPL | PayPal Holdings CDR | PairCorr |
| 0.38 | GSTM | Goldstorm Metals Corp | PairCorr |
| 0.35 | NVDA | NVIDIA CDR | PairCorr |
The ability to find closely correlated positions to International Petroleum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace International Petroleum when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back International Petroleum - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling International Petroleum Corp to buy it.
The correlation of International Petroleum is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as International Petroleum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if International Petroleum moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for International Petroleum can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in International Stock
International Petroleum financial ratios help investors to determine whether International Stock 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 International with respect to the benefits of owning International Petroleum security.