Sixty Six Oilfield Stock Market Value
| SSOF Stock | USD 0.0001 0.00 0.00% |
| Symbol | Sixty |
Sixty Six '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 Sixty Six'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 Sixty Six.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Sixty Six on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Sixty Six Oilfield or generate 0.0% return on investment in Sixty Six over 90 days. Sixty Six Oilfield Services, Inc. sells and rents heavy oil field equipment to the oil and gas industry in the United St... More
Sixty Six 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 Sixty Six'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 Sixty Six Oilfield upside and downside potential and time the market with a certain degree of confidence.
Sixty Six Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sixty Six's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sixty Six's standard deviation. In reality, there are many statistical measures that can use Sixty Six historical prices to predict the future Sixty Six's volatility.Sixty Six Oilfield Backtested Returns
We have found three technical indicators for Sixty Six Oilfield, which you can use to evaluate the volatility of the company. The entity has a beta of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and Sixty Six are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
Sixty Six Oilfield has perfect predictability. Overlapping area represents the amount of predictability between Sixty Six time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Sixty Six Oilfield price movement. The serial correlation of 1.0 indicates that 100.0% of current Sixty Six price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sixty Six Oilfield lagged returns against current returns
Autocorrelation, which is Sixty Six 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 Sixty Six's pink sheet expected returns. We can calculate the autocorrelation of Sixty Six returns to help us make a trade decision. For example, suppose you find that Sixty Six 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 |
| Timeline |
Sixty Six 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 Sixty Six pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sixty Six pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sixty Six pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Sixty Six Lagged Returns
When evaluating Sixty Six's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sixty Six pink sheet have on its future price. Sixty Six 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, Sixty Six autocorrelation shows the relationship between Sixty Six pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Sixty Six Oilfield.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Sixty Pink Sheet
Sixty Six financial ratios help investors to determine whether Sixty 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 Sixty with respect to the benefits of owning Sixty Six security.