Kelt Exploration Stock Market Value
| KEL Stock | CAD 6.26 0.01 0.16% |
| Symbol | Kelt |
Kelt Exploration '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 Kelt Exploration'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 Kelt Exploration.
| 03/13/2023 |
| 03/02/2025 |
If you would invest 0.00 in Kelt Exploration on March 13, 2023 and sell it all today you would earn a total of 0.00 from holding Kelt Exploration or generate 0.0% return on investment in Kelt Exploration over 720 days. Kelt Exploration is related to or competes with NuVista Energy, Advantage Oil, Birchcliff Energy, and Cardinal Energy. Kelt Exploration Ltd., an oil and gas company, engages in the exploration, development, and production of crude oil and ... More
Kelt Exploration 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 Kelt Exploration'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 Kelt Exploration upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 8.9 | |||
| Value At Risk | (2.74) | |||
| Potential Upside | 2.88 |
Kelt Exploration Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kelt Exploration's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kelt Exploration's standard deviation. In reality, there are many statistical measures that can use Kelt Exploration historical prices to predict the future Kelt Exploration's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | (0.26) |
Kelt Exploration Backtested Returns
Kelt Exploration has Sharpe Ratio of -0.041, which conveys that the firm had a -0.041 % return per unit of risk over the last 3 months. Kelt Exploration exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kelt Exploration's Mean Deviation of 1.56, risk adjusted performance of (0.02), and Standard Deviation of 1.9 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.35, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Kelt Exploration's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kelt Exploration is expected to be smaller as well. At this point, Kelt Exploration has a negative expected return of -0.0775%. Please make sure to verify Kelt Exploration's accumulation distribution, and the relationship between the value at risk and day typical price , to decide if Kelt Exploration performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.06 |
Virtually no predictability
Kelt Exploration has virtually no predictability. Overlapping area represents the amount of predictability between Kelt Exploration time series from 13th of March 2023 to 7th of March 2024 and 7th of March 2024 to 2nd 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 Kelt Exploration price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Kelt Exploration price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Kelt Exploration lagged returns against current returns
Autocorrelation, which is Kelt Exploration 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 Kelt Exploration's stock expected returns. We can calculate the autocorrelation of Kelt Exploration returns to help us make a trade decision. For example, suppose you find that Kelt Exploration 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 |
Kelt Exploration 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 Kelt Exploration stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kelt Exploration stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kelt Exploration stock over time.
Current vs Lagged Prices |
| Timeline |
Kelt Exploration Lagged Returns
When evaluating Kelt Exploration's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kelt Exploration stock have on its future price. Kelt Exploration 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, Kelt Exploration autocorrelation shows the relationship between Kelt Exploration stock current value and its past values and can show if there is a momentum factor associated with investing in Kelt Exploration.
Regressed Prices |
| Timeline |
Pair Trading with Kelt Exploration
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 Kelt Exploration 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 Kelt Exploration will appreciate offsetting losses from the drop in the long position's value.Moving together with Kelt Stock
Moving against Kelt Stock
The ability to find closely correlated positions to Kelt Exploration could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kelt Exploration 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 Kelt Exploration - 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 Kelt Exploration to buy it.
The correlation of Kelt Exploration 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 Kelt Exploration moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kelt Exploration 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 Kelt Exploration 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 Kelt Stock
Kelt Exploration financial ratios help investors to determine whether Kelt 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 Kelt with respect to the benefits of owning Kelt Exploration security.