Xcana Petroleum Stock Market Value
| XCPT Stock | USD 0.07 0.01 23.94% |
| Symbol | XCana |
XCana 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 XCana 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 XCana Petroleum.
| 01/30/2023 |
| 01/19/2025 |
If you would invest 0.00 in XCana Petroleum on January 30, 2023 and sell it all today you would earn a total of 0.00 from holding XCana Petroleum or generate 0.0% return on investment in XCana Petroleum over 720 days. XCana Petroleum Corporation, an oil and gas company, is engaged in exploiting oil and gas reserves in the Western Canadi... More
XCana 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 XCana 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 XCana Petroleum upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1508 | |||
| Maximum Drawdown | 352.76 | |||
| Value At Risk | (14.63) | |||
| Potential Upside | 110.36 |
XCana Petroleum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for XCana Petroleum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as XCana Petroleum's standard deviation. In reality, there are many statistical measures that can use XCana Petroleum historical prices to predict the future XCana Petroleum's volatility.| Risk Adjusted Performance | 0.1364 | |||
| Jensen Alpha | 7.04 | |||
| Total Risk Alpha | 5.95 | |||
| Treynor Ratio | 22.21 |
XCana Petroleum Backtested Returns
XCana Petroleum is out of control given 3 months investment horizon. XCana Petroleum shows Sharpe Ratio of 0.15, which attests that the company had a 0.15% return per unit of risk over the last 3 months. We were able to interpolate data for twenty-two different technical indicators, which can help you to evaluate if expected returns of 7.16% are justified by taking the suggested risk. Use XCana Petroleum Market Risk Adjusted Performance of 22.22, standard deviation of 46.6, and Mean Deviation of 19.79 to evaluate company specific risk that cannot be diversified away. XCana Petroleum holds a performance score of 12 on a scale of zero to a hundred. The firm maintains a market beta of 0.32, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, XCana Petroleum's returns are expected to increase less than the market. However, during the bear market, the loss of holding XCana Petroleum is expected to be smaller as well. Use XCana Petroleum mean deviation, treynor ratio, as well as the relationship between the Treynor Ratio and rate of daily change , to analyze future returns on XCana Petroleum.
Auto-correlation | 0.49 |
Average predictability
XCana Petroleum has average predictability. Overlapping area represents the amount of predictability between XCana Petroleum time series from 30th of January 2023 to 25th of January 2024 and 25th of January 2024 to 19th 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 XCana Petroleum price movement. The serial correlation of 0.49 indicates that about 49.0% of current XCana Petroleum price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
XCana Petroleum lagged returns against current returns
Autocorrelation, which is XCana 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 XCana Petroleum's pink sheet expected returns. We can calculate the autocorrelation of XCana Petroleum returns to help us make a trade decision. For example, suppose you find that XCana 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 |
XCana 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 XCana Petroleum pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if XCana 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 XCana Petroleum pink sheet over time.
Current vs Lagged Prices |
| Timeline |
XCana Petroleum Lagged Returns
When evaluating XCana Petroleum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of XCana Petroleum pink sheet have on its future price. XCana 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, XCana Petroleum autocorrelation shows the relationship between XCana Petroleum pink sheet current value and its past values and can show if there is a momentum factor associated with investing in XCana Petroleum.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for XCana Pink Sheet Analysis
When running XCana Petroleum's price analysis, check to measure XCana Petroleum's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy XCana Petroleum is operating at the current time. Most of XCana Petroleum's value examination focuses on studying past and present price action to predict the probability of XCana Petroleum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move XCana Petroleum's price. Additionally, you may evaluate how the addition of XCana Petroleum to your portfolios can decrease your overall portfolio volatility.