Oil Country's market value is the price at which a share of Oil Country trades on a public exchange. It measures the collective expectations of Oil Country Tubular investors about its performance. Oil Country is selling at 69.95 as of the 4th of January 2025; that is 0.76 percent increase since the beginning of the trading day. The stock's open price was 69.42. With this module, you can estimate the performance of a buy and hold strategy of Oil Country Tubular and determine expected loss or profit from investing in Oil Country over a given investment horizon. Check out Oil Country Correlation, Oil Country Volatility and Oil Country Alpha and Beta module to complement your research on Oil Country.
Please note, there is a significant difference between Oil Country's value and its price as these two are different measures arrived at by different means. Investors typically determine if Oil Country is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Oil Country's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Oil Country '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 Oil Country'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 Oil Country.
0.00
11/05/2024
No Change 0.00
0.0
In 2 months and 2 days
01/04/2025
0.00
If you would invest 0.00 in Oil Country on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Oil Country Tubular or generate 0.0% return on investment in Oil Country over 60 days. Oil Country is related to or competes with Melstar Information, Gujarat Lease, Lakshmi Finance, NRB Industrial, Ankit Metal, BF Utilities, and Allied Blenders. Oil Country is entity of India. It is traded as Stock on NSE exchange. More
Oil Country 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 Oil Country'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 Oil Country Tubular 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 Oil Country's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oil Country's standard deviation. In reality, there are many statistical measures that can use Oil Country historical prices to predict the future Oil Country's volatility.
Oil Country appears to be very steady, given 3 months investment horizon. Oil Country Tubular maintains Sharpe Ratio (i.e., Efficiency) of 0.22, which implies the firm had a 0.22% return per unit of risk over the last 3 months. By analyzing Oil Country's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please evaluate Oil Country's Risk Adjusted Performance of 0.1328, coefficient of variation of 642.07, and Semi Deviation of 1.75 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Oil Country holds a performance score of 17. The company holds a Beta of 0.41, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Oil Country's returns are expected to increase less than the market. However, during the bear market, the loss of holding Oil Country is expected to be smaller as well. Please check Oil Country's semi variance, and the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether Oil Country's historical price patterns will revert.
Auto-correlation
0.55
Modest predictability
Oil Country Tubular has modest predictability. Overlapping area represents the amount of predictability between Oil Country time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th of January 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 Oil Country Tubular price movement. The serial correlation of 0.55 indicates that about 55.0% of current Oil Country price fluctuation can be explain by its past prices.
Correlation Coefficient
0.55
Spearman Rank Test
0.26
Residual Average
0.0
Price Variance
9.11
Oil Country Tubular lagged returns against current returns
Autocorrelation, which is Oil Country 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 Oil Country's stock expected returns. We can calculate the autocorrelation of Oil Country returns to help us make a trade decision. For example, suppose you find that Oil Country 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
Oil Country 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 Oil Country stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oil Country stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oil Country stock over time.
Current vs Lagged Prices
Timeline
Oil Country Lagged Returns
When evaluating Oil Country's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oil Country stock have on its future price. Oil Country 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, Oil Country autocorrelation shows the relationship between Oil Country stock current value and its past values and can show if there is a momentum factor associated with investing in Oil Country Tubular.
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.
Oil Country financial ratios help investors to determine whether Oil 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 Oil with respect to the benefits of owning Oil Country security.