Woodside Petroleum Stock Market Value
| WOPEF Stock | USD 16.57 0.01 0.06% |
| Symbol | Woodside |
Woodside Petroleum '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 Woodside Petroleum'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 Woodside Petroleum.
| 09/04/2024 |
| 12/03/2024 |
If you would invest 0.00 in Woodside Petroleum on September 4, 2024 and sell it all today you would earn a total of 0.00 from holding Woodside Petroleum or generate 0.0% return on investment in Woodside Petroleum over 90 days. Woodside Petroleum is related to or competes with CNX Resources, MV Oil, San Juan, VOC Energy, and Comstock Resources. Woodside Energy Group Ltd engages in the exploration, evaluation, development, production, marketing, and sale of hydroc... More
Woodside Petroleum 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 Woodside Petroleum'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 Woodside Petroleum upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.13 | |||
| Information Ratio | 0.0011 | |||
| Maximum Drawdown | 31.58 | |||
| Value At Risk | (13.02) | |||
| Potential Upside | 10.56 |
Woodside Petroleum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Woodside Petroleum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Woodside Petroleum's standard deviation. In reality, there are many statistical measures that can use Woodside Petroleum historical prices to predict the future Woodside Petroleum's volatility.| Risk Adjusted Performance | 0.0248 | |||
| Jensen Alpha | 0.1446 | |||
| Total Risk Alpha | (0.82) | |||
| Sortino Ratio | 9.0E-4 | |||
| Treynor Ratio | (0.59) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Woodside Petroleum's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Woodside Petroleum Backtested Returns
Woodside Petroleum shows Sharpe Ratio of -0.0092, which attests that the company had a -0.0092% return per unit of risk over the last 3 months. Woodside Petroleum exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Woodside Petroleum's Mean Deviation of 3.97, market risk adjusted performance of (0.58), and Downside Deviation of 8.13 to validate the risk estimate we provide. The firm maintains a market beta of -0.2, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Woodside Petroleum are expected to decrease at a much lower rate. During the bear market, Woodside Petroleum is likely to outperform the market. At this point, Woodside Petroleum has a negative expected return of -0.0565%. Please make sure to check out Woodside Petroleum's expected short fall, and the relationship between the value at risk and daily balance of power , to decide if Woodside Petroleum performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.25 |
Poor predictability
Woodside Petroleum has poor predictability. Overlapping area represents the amount of predictability between Woodside Petroleum time series from 4th of September 2024 to 19th of October 2024 and 19th of October 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 Woodside Petroleum price movement. The serial correlation of 0.25 indicates that over 25.0% of current Woodside Petroleum price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.54 |
Woodside Petroleum lagged returns against current returns
Autocorrelation, which is Woodside Petroleum 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 Woodside Petroleum's pink sheet expected returns. We can calculate the autocorrelation of Woodside Petroleum returns to help us make a trade decision. For example, suppose you find that Woodside Petroleum 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 |
Woodside Petroleum 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 Woodside Petroleum pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Woodside Petroleum pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Woodside Petroleum pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Woodside Petroleum Lagged Returns
When evaluating Woodside Petroleum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Woodside Petroleum pink sheet have on its future price. Woodside Petroleum 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, Woodside Petroleum autocorrelation shows the relationship between Woodside Petroleum pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Woodside Petroleum.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Woodside Pink Sheet
Woodside Petroleum financial ratios help investors to determine whether Woodside 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 Woodside with respect to the benefits of owning Woodside Petroleum security.