Wt Offshore Stock Market Value
| WTI Stock | USD 1.94 0.03 1.57% |
| Symbol | WTI |
WT Offshore Price To Book Ratio
Is Oil & Gas Exploration & Production space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of WT Offshore. If investors know WTI will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about WT Offshore listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.98) | Dividend Share 0.04 | Earnings Share (0.43) | Revenue Per Share 3.657 | Quarterly Revenue Growth (0.15) |
The market value of WT Offshore is measured differently than its book value, which is the value of WTI that is recorded on the company's balance sheet. Investors also form their own opinion of WT Offshore's value that differs from its market value or its book value, called intrinsic value, which is WT Offshore's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because WT Offshore's market value can be influenced by many factors that don't directly affect WT Offshore's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between WT Offshore's value and its price as these two are different measures arrived at by different means. Investors typically determine if WT Offshore is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WT Offshore'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.
WT Offshore '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 WT Offshore's 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 WT Offshore.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in WT Offshore on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding WT Offshore or generate 0.0% return on investment in WT Offshore over 540 days. WT Offshore is related to or competes with Evolution Petroleum, Ring Energy, Gran Tierra, Permian Resources, PEDEVCO Corp, Range Resources, and Antero Resources. WT Offshore, Inc., an independent oil and natural gas producer, engages in the acquisition, exploration, and development... More
WT Offshore 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 WT Offshore's 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 WT Offshore upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 26.26 | |||
| Value At Risk | (6.60) | |||
| Potential Upside | 5.18 |
WT Offshore Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WT Offshore's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WT Offshore's standard deviation. In reality, there are many statistical measures that can use WT Offshore historical prices to predict the future WT Offshore's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.84) | |||
| Treynor Ratio | (0.35) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of WT Offshore'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.
WT Offshore Backtested Returns
WT Offshore retains Efficiency (Sharpe Ratio) of -0.0146, which attests that the company had a -0.0146% return per unit of price deviation over the last 3 months. WT Offshore exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WT Offshore's market risk adjusted performance of (0.34), and Information Ratio of (0.08) to validate the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.62, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, WT Offshore's returns are expected to increase less than the market. However, during the bear market, the loss of holding WT Offshore is expected to be smaller as well. At this point, WT Offshore has a negative expected return of -0.0594%. Please make sure to check out WT Offshore's information ratio, as well as the relationship between the potential upside and rate of daily change , to decide if WT Offshore performance from the past will be repeated at some future date.
Auto-correlation | 0.36 |
Below average predictability
WT Offshore has below average predictability. Overlapping area represents the amount of predictability between WT Offshore time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 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 WT Offshore price movement. The serial correlation of 0.36 indicates that just about 36.0% of current WT Offshore price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
WT Offshore lagged returns against current returns
Autocorrelation, which is WT Offshore 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 WT Offshore's stock expected returns. We can calculate the autocorrelation of WT Offshore returns to help us make a trade decision. For example, suppose you find that WT Offshore has exhibited high autocorrelation historically, and you observe that the 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 |
WT Offshore 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 WT Offshore stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WT Offshore stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WT Offshore stock over time.
Current vs Lagged Prices |
| Timeline |
WT Offshore Lagged Returns
When evaluating WT Offshore's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WT Offshore stock have on its future price. WT Offshore 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, WT Offshore autocorrelation shows the relationship between WT Offshore stock current value and its past values and can show if there is a momentum factor associated with investing in WT Offshore.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether WT Offshore offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of WT Offshore's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Wt Offshore Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Wt Offshore Stock:Check out WT Offshore Correlation, WT Offshore Volatility and WT Offshore Alpha and Beta module to complement your research on WT Offshore. For more detail on how to invest in WTI Stock please use our How to Invest in WT Offshore guide.You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
WT Offshore technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.