Petroshale Stock Market Value
| PSHIF Stock | USD 0.28 0.01 3.45% |
| Symbol | PetroShale |
PetroShale '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 PetroShale's otc 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 PetroShale.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in PetroShale on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding PetroShale or generate 0.0% return on investment in PetroShale over 360 days. PetroShale is related to or competes with Dno ASA, Horizon Oil, Enwell Energy, Tullow Oil, San Leon, Petrus Resources, and Reserve Petroleum. Lucero Energy Corp., an independent oil company, engages in the acquisition, development, and production of oil-weighted... More
PetroShale 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 PetroShale's otc 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 PetroShale upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 15.07 | |||
| Value At Risk | (3.45) |
PetroShale Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PetroShale's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PetroShale's standard deviation. In reality, there are many statistical measures that can use PetroShale historical prices to predict the future PetroShale's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.56) | |||
| Total Risk Alpha | (0.86) | |||
| Treynor Ratio | (0.90) |
PetroShale Backtested Returns
PetroShale maintains Sharpe Ratio (i.e., Efficiency) of -0.2, which implies the firm had a -0.2% return per unit of risk over the last 3 months. PetroShale exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PetroShale's Variance of 6.1, coefficient of variation of (508.71), and Risk Adjusted Performance of (0.14) to confirm the risk estimate we provide. The company holds a Beta of 0.55, which implies possible diversification benefits within a given portfolio. As returns on the market increase, PetroShale's returns are expected to increase less than the market. However, during the bear market, the loss of holding PetroShale is expected to be smaller as well. At this point, PetroShale has a negative expected return of -0.49%. Please make sure to check PetroShale's value at risk, rate of daily change, as well as the relationship between the Rate Of Daily Change and period momentum indicator , to decide if PetroShale performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.61 |
Very good reverse predictability
PetroShale has very good reverse predictability. Overlapping area represents the amount of predictability between PetroShale time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 PetroShale price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current PetroShale price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
PetroShale lagged returns against current returns
Autocorrelation, which is PetroShale otc 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 PetroShale's otc stock expected returns. We can calculate the autocorrelation of PetroShale returns to help us make a trade decision. For example, suppose you find that PetroShale has exhibited high autocorrelation historically, and you observe that the otc 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 |
PetroShale 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 PetroShale otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PetroShale otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PetroShale otc stock over time.
Current vs Lagged Prices |
| Timeline |
PetroShale Lagged Returns
When evaluating PetroShale's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PetroShale otc stock have on its future price. PetroShale 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, PetroShale autocorrelation shows the relationship between PetroShale otc stock current value and its past values and can show if there is a momentum factor associated with investing in PetroShale.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in PetroShale OTC Stock
PetroShale financial ratios help investors to determine whether PetroShale OTC 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 PetroShale with respect to the benefits of owning PetroShale security.