Canadian Overseas Petroleum Stock Market Value
| VELXF Stock | USD 0 0.01 77.01% |
| Symbol | Canadian |
Canadian Overseas '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 Canadian Overseas' 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 Canadian Overseas.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Canadian Overseas on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Canadian Overseas Petroleum or generate 0.0% return on investment in Canadian Overseas over 30 days. Canadian Overseas is related to or competes with PetroShale, Questerre Energy, Orca Energy, Petrus Resources, Inpex Corp, Coelacanth Energy, and Spartan Delta. Canadian Overseas Petroleum Limited, together with its subsidiaries, engages in the identification, acquisition, explora... More
Canadian Overseas 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 Canadian Overseas' 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 Canadian Overseas Petroleum upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 36.26 | |||
| Information Ratio | 0.1239 | |||
| Maximum Drawdown | 439.33 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 75.0 |
Canadian Overseas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Canadian Overseas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Canadian Overseas' standard deviation. In reality, there are many statistical measures that can use Canadian Overseas historical prices to predict the future Canadian Overseas' volatility.| Risk Adjusted Performance | 0.0883 | |||
| Jensen Alpha | 6.58 | |||
| Total Risk Alpha | (0.59) | |||
| Sortino Ratio | 0.1778 | |||
| Treynor Ratio | (12.36) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Canadian Overseas' 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.
Canadian Overseas Backtested Returns
Canadian Overseas is out of control given 3 months investment horizon. Canadian Overseas secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the company had a 0.17% return per unit of risk over the last 3 months. We have analyzed and interpolated twenty-eight different technical indicators, which can help you to evaluate if expected returns of 11.6% are justified by taking the suggested risk. Use Canadian Overseas Mean Deviation of 18.7, downside deviation of 36.26, and Risk Adjusted Performance of 0.0883 to evaluate company specific risk that cannot be diversified away. Canadian Overseas holds a performance score of 13 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.53, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Canadian Overseas are expected to decrease at a much lower rate. During the bear market, Canadian Overseas is likely to outperform the market. Use Canadian Overseas value at risk, as well as the relationship between the skewness and day typical price , to analyze future returns on Canadian Overseas.
Auto-correlation | -0.29 |
Weak reverse predictability
Canadian Overseas Petroleum has weak reverse predictability. Overlapping area represents the amount of predictability between Canadian Overseas time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 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 Canadian Overseas price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Canadian Overseas price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Canadian Overseas lagged returns against current returns
Autocorrelation, which is Canadian Overseas 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 Canadian Overseas' pink sheet expected returns. We can calculate the autocorrelation of Canadian Overseas returns to help us make a trade decision. For example, suppose you find that Canadian Overseas 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 |
Canadian Overseas 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 Canadian Overseas pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Canadian Overseas pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Canadian Overseas pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Canadian Overseas Lagged Returns
When evaluating Canadian Overseas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Canadian Overseas pink sheet have on its future price. Canadian Overseas 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, Canadian Overseas autocorrelation shows the relationship between Canadian Overseas pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Canadian Overseas Petroleum.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Canadian Overseas Correlation, Canadian Overseas Volatility and Canadian Overseas Alpha and Beta module to complement your research on Canadian Overseas. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Complementary Tools for Canadian Pink Sheet analysis
When running Canadian Overseas' price analysis, check to measure Canadian Overseas' 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 Canadian Overseas is operating at the current time. Most of Canadian Overseas' value examination focuses on studying past and present price action to predict the probability of Canadian Overseas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian Overseas' price. Additionally, you may evaluate how the addition of Canadian Overseas to your portfolios can decrease your overall portfolio volatility.
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Canadian Overseas technical pink sheet 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, pink sheet market cycles, or different charting patterns.