Reconnaissance Energy Africa Stock Market Value
| RECAF Stock | USD 0.69 0.02 2.82% |
| Symbol | Reconnaissance |
Reconnaissance Energy '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 Reconnaissance Energy'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 Reconnaissance Energy.
| 10/26/2024 |
| 01/24/2025 |
If you would invest 0.00 in Reconnaissance Energy on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Reconnaissance Energy Africa or generate 0.0% return on investment in Reconnaissance Energy over 90 days. Reconnaissance Energy is related to or competes with Pantheon Resources, CGX Energy, Eco (Atlantic), Sintana Energy, Frontera Energy, Desert Mountain, and Journey Energy. Reconnaissance Energy Africa Ltd., a junior oil and gas company, engages in exploration and development of oil and gas p... More
Reconnaissance Energy 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 Reconnaissance Energy'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 Reconnaissance Energy Africa upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.53 | |||
| Information Ratio | 0.0098 | |||
| Maximum Drawdown | 25.85 | |||
| Value At Risk | (4.71) | |||
| Potential Upside | 7.35 |
Reconnaissance Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Reconnaissance Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Reconnaissance Energy's standard deviation. In reality, there are many statistical measures that can use Reconnaissance Energy historical prices to predict the future Reconnaissance Energy's volatility.| Risk Adjusted Performance | 0.0257 | |||
| Jensen Alpha | 0.0449 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0123 | |||
| Treynor Ratio | 0.085 |
Reconnaissance Energy Backtested Returns
At this point, Reconnaissance Energy is abnormally volatile. Reconnaissance Energy maintains Sharpe Ratio (i.e., Efficiency) of 0.0209, which implies the firm had a 0.0209 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Reconnaissance Energy, which you can use to evaluate the volatility of the company. Please check Reconnaissance Energy's Coefficient Of Variation of 4821.8, risk adjusted performance of 0.0257, and Semi Deviation of 2.81 to confirm if the risk estimate we provide is consistent with the expected return of 0.0928%. Reconnaissance Energy has a performance score of 1 on a scale of 0 to 100. The company holds a Beta of 0.96, which implies possible diversification benefits within a given portfolio. Reconnaissance Energy returns are very sensitive to returns on the market. As the market goes up or down, Reconnaissance Energy is expected to follow. Reconnaissance Energy right now holds a risk of 4.44%. Please check Reconnaissance Energy maximum drawdown, skewness, and the relationship between the total risk alpha and downside variance , to decide if Reconnaissance Energy will be following its historical price patterns.
Auto-correlation | -0.35 |
Poor reverse predictability
Reconnaissance Energy Africa has poor reverse predictability. Overlapping area represents the amount of predictability between Reconnaissance Energy time series from 26th of October 2024 to 10th of December 2024 and 10th of December 2024 to 24th 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 Reconnaissance Energy price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Reconnaissance Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Reconnaissance Energy lagged returns against current returns
Autocorrelation, which is Reconnaissance Energy 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 Reconnaissance Energy's otc stock expected returns. We can calculate the autocorrelation of Reconnaissance Energy returns to help us make a trade decision. For example, suppose you find that Reconnaissance Energy 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 |
Reconnaissance Energy 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 Reconnaissance Energy otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Reconnaissance Energy otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Reconnaissance Energy otc stock over time.
Current vs Lagged Prices |
| Timeline |
Reconnaissance Energy Lagged Returns
When evaluating Reconnaissance Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Reconnaissance Energy otc stock have on its future price. Reconnaissance Energy 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, Reconnaissance Energy autocorrelation shows the relationship between Reconnaissance Energy otc stock current value and its past values and can show if there is a momentum factor associated with investing in Reconnaissance Energy Africa.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Reconnaissance OTC Stock
Reconnaissance Energy financial ratios help investors to determine whether Reconnaissance 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 Reconnaissance with respect to the benefits of owning Reconnaissance Energy security.