Phillips (Brazil) Market Value
| P1SX34 Stock | BRL 340.68 0.00 0.00% |
| Symbol | Phillips |
Phillips '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 Phillips' 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 Phillips.
| 11/28/2024 |
| 12/28/2024 |
If you would invest 0.00 in Phillips on November 28, 2024 and sell it all today you would earn a total of 0.00 from holding Phillips 66 or generate 0.0% return on investment in Phillips over 30 days. Phillips is related to or competes with Marathon Petroleum, Valero Energy, Cosan SA, and Refinaria. Phillips 66 operates as an energy manufacturing and logistics company More
Phillips 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 Phillips' 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 Phillips 66 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 11.36 | |||
| Value At Risk | (2.51) | |||
| Potential Upside | 0.6004 |
Phillips Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Phillips' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Phillips' standard deviation. In reality, there are many statistical measures that can use Phillips historical prices to predict the future Phillips' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.1) | |||
| Treynor Ratio | 2.91 |
Phillips 66 Backtested Returns
Phillips 66 maintains Sharpe Ratio (i.e., Efficiency) of -0.0306, which implies the firm had a -0.0306% return per unit of risk over the last 3 months. Phillips 66 exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Phillips' Coefficient Of Variation of (3,403), variance of 2.46, and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The company holds a Beta of -0.0193, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Phillips are expected to decrease at a much lower rate. During the bear market, Phillips is likely to outperform the market. At this point, Phillips 66 has a negative expected return of -0.0499%. Please make sure to check Phillips' information ratio, potential upside, day median price, as well as the relationship between the maximum drawdown and kurtosis , to decide if Phillips 66 performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.22 |
Weak reverse predictability
Phillips 66 has weak reverse predictability. Overlapping area represents the amount of predictability between Phillips time series from 28th of November 2024 to 13th of December 2024 and 13th of December 2024 to 28th 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 Phillips 66 price movement. The serial correlation of -0.22 indicates that over 22.0% of current Phillips price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 126.06 |
Phillips 66 lagged returns against current returns
Autocorrelation, which is Phillips 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 Phillips' stock expected returns. We can calculate the autocorrelation of Phillips returns to help us make a trade decision. For example, suppose you find that Phillips 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 |
Phillips 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 Phillips stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Phillips stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Phillips stock over time.
Current vs Lagged Prices |
| Timeline |
Phillips Lagged Returns
When evaluating Phillips' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Phillips stock have on its future price. Phillips 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, Phillips autocorrelation shows the relationship between Phillips stock current value and its past values and can show if there is a momentum factor associated with investing in Phillips 66.
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 Information and Resources on Investing in Phillips Stock
When determining whether Phillips 66 offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Phillips' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Phillips 66 Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Phillips 66 Stock:Check out Phillips Correlation, Phillips Volatility and Phillips Alpha and Beta module to complement your research on Phillips. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Phillips technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.