Spindletop's market value is the price at which a share of Spindletop trades on a public exchange. It measures the collective expectations of Spindletop OG investors about its performance. Spindletop is trading at 2.50 as of the 24th of March 2025, a 1.96 percent decrease since the beginning of the trading day. The stock's lowest day price was 2.5.
With this module, you can estimate the performance of a buy and hold strategy of Spindletop OG and determine expected loss or profit from investing in Spindletop over a given investment horizon. Check out Spindletop Correlation, Spindletop Volatility and Spindletop Alpha and Beta module to complement your research on Spindletop.
Please note, there is a significant difference between Spindletop's value and its price as these two are different measures arrived at by different means. Investors typically determine if Spindletop is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Spindletop'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.
Spindletop '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 Spindletop's pink sheet 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 Spindletop.
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12/24/2024
No Change 0.00
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In 2 months and 31 days
03/24/2025
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If you would invest 0.00 in Spindletop on December 24, 2024 and sell it all today you would earn a total of 0.00 from holding Spindletop OG or generate 0.0% return on investment in Spindletop over 90 days. Spindletop is related to or competes with Reserve Petroleum, Altex Industries, CKX Lands, and PrimeEnergy. Spindletop Oil Gas Co., an independent oil and gas company, engages in the acquisition, exploration, development, and pr... More
Spindletop 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 Spindletop's pink sheet 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 Spindletop OG 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 Spindletop's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Spindletop's standard deviation. In reality, there are many statistical measures that can use Spindletop historical prices to predict the future Spindletop's volatility.
Spindletop appears to be dangerous, given 3 months investment horizon. Spindletop OG owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0857, which indicates the firm had a 0.0857 % return per unit of risk over the last 3 months. By inspecting Spindletop's technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please review Spindletop's Coefficient Of Variation of 1175.82, semi deviation of 4.12, and Risk Adjusted Performance of 0.0841 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Spindletop holds a performance score of 6. The entity has a beta of -0.3, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Spindletop are expected to decrease at a much lower rate. During the bear market, Spindletop is likely to outperform the market. Please check Spindletop's sortino ratio, skewness, relative strength index, as well as the relationship between the potential upside and day median price , to make a quick decision on whether Spindletop's existing price patterns will revert.
Auto-correlation
0.51
Modest predictability
Spindletop OG has modest predictability. Overlapping area represents the amount of predictability between Spindletop time series from 24th of December 2024 to 7th of February 2025 and 7th of February 2025 to 24th 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 Spindletop OG price movement. The serial correlation of 0.51 indicates that about 51.0% of current Spindletop price fluctuation can be explain by its past prices.
Correlation Coefficient
0.51
Spearman Rank Test
0.53
Residual Average
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Price Variance
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Spindletop OG lagged returns against current returns
Autocorrelation, which is Spindletop pink sheet'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 Spindletop's pink sheet expected returns. We can calculate the autocorrelation of Spindletop returns to help us make a trade decision. For example, suppose you find that Spindletop has exhibited high autocorrelation historically, and you observe that the pink sheet 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
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Spindletop 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 Spindletop pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Spindletop pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Spindletop pink sheet over time.
Current vs Lagged Prices
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Spindletop Lagged Returns
When evaluating Spindletop's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Spindletop pink sheet have on its future price. Spindletop 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, Spindletop autocorrelation shows the relationship between Spindletop pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Spindletop OG.
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.
Other Information on Investing in Spindletop Pink Sheet
Spindletop financial ratios help investors to determine whether Spindletop Pink Sheet 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 Spindletop with respect to the benefits of owning Spindletop security.