Sinopec Oilfield Service Stock Market Value
| YZCFF Stock | USD 0.07 0.00 0.00% |
| Symbol | Sinopec |
Sinopec Oilfield '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 Sinopec Oilfield'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 Sinopec Oilfield.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Sinopec Oilfield on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Sinopec Oilfield Service or generate 0.0% return on investment in Sinopec Oilfield over 90 days. Sinopec Oilfield is related to or competes with Seadrill, Noble Plc, and Transocean. Sinopec Oilfield Service Corporation provides petroleum engineering and technology services More
Sinopec Oilfield 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 Sinopec Oilfield'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 Sinopec Oilfield Service upside and downside potential and time the market with a certain degree of confidence.
Sinopec Oilfield Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sinopec Oilfield's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sinopec Oilfield's standard deviation. In reality, there are many statistical measures that can use Sinopec Oilfield historical prices to predict the future Sinopec Oilfield's volatility.Sinopec Oilfield Service Backtested Returns
We have found three technical indicators for Sinopec Oilfield Service, 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 Sinopec Oilfield are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
Sinopec Oilfield Service has perfect predictability. Overlapping area represents the amount of predictability between Sinopec Oilfield time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Sinopec Oilfield Service price movement. The serial correlation of 1.0 indicates that 100.0% of current Sinopec Oilfield 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 |
Sinopec Oilfield Service lagged returns against current returns
Autocorrelation, which is Sinopec Oilfield 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 Sinopec Oilfield's pink sheet expected returns. We can calculate the autocorrelation of Sinopec Oilfield returns to help us make a trade decision. For example, suppose you find that Sinopec Oilfield 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 |
Sinopec Oilfield 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 Sinopec Oilfield pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sinopec Oilfield pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sinopec Oilfield pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Sinopec Oilfield Lagged Returns
When evaluating Sinopec Oilfield's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sinopec Oilfield pink sheet have on its future price. Sinopec Oilfield 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, Sinopec Oilfield autocorrelation shows the relationship between Sinopec Oilfield pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Sinopec Oilfield Service.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Sinopec Pink Sheet
Sinopec Oilfield financial ratios help investors to determine whether Sinopec 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 Sinopec with respect to the benefits of owning Sinopec Oilfield security.