Oil (Pakistan) Price on October 11, 2024
| OGDC Stock | 193.62 5.33 2.83% |
If you're considering investing in Oil Stock, it is important to understand the factors that can impact its price. As of today, the current price of Oil stands at 193.62, as last reported on the 29th of November, with the highest price reaching 194.85 and the lowest price hitting 188.80 during the day. Oil appears to be very steady, given 3 months investment horizon. Oil and Gas maintains Sharpe Ratio (i.e., Efficiency) of 0.31, which implies the firm had a 0.31% return per unit of risk over the last 3 months. By analyzing Oil's technical indicators, you can evaluate if the expected return of 0.68% is justified by implied risk. Please evaluate Oil's Coefficient Of Variation of 330.07, semi deviation of 1.36, and Risk Adjusted Performance of 0.2386 to confirm if our risk estimates are consistent with your expectations.
Oil Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Oil |
Sharpe Ratio = 0.3076
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Estimated Market Risk
| 2.23 actual daily | 19 81% of assets are more volatile |
Expected Return
| 0.68 actual daily | 13 87% of assets have higher returns |
Risk-Adjusted Return
| 0.31 actual daily | 24 76% of assets perform better |
Based on monthly moving average Oil is performing at about 24% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Oil by adding it to a well-diversified portfolio.
Oil Valuation on October 11, 2024
It is possible to determine the worth of Oil on a given historical date. On October 11, 2024 Oil was worth 164.25 at the beginning of the trading date compared to the closed value of 163.29. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Oil stock. Still, in general, we apply an absolute valuation method to find Oil's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Oil where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Oil's related companies.
| Open | High | Low | Close | Volume | |
| 162.81 | 166.41 | 161.37 | 163.73 | 8,150,018 | |
10/11/2024 | 164.25 | 168.19 | 161.57 | 163.29 | 5,637,289 |
| 163.28 | 163.29 | 160.22 | 160.47 | 3,004,782 |
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Oil Trading Date Momentum on October 11, 2024
| On October 14 2024 Oil and Gas was traded for 160.47 at the closing time. The highest price during the trading period was 163.29 and the lowest recorded bid was listed for 160.22 . The volume for the day was 3 M. This history from October 14, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 1.73% . The trading delta at closing time to the current price is 0.31% . |
Oil and Gas Fundamentals Correlations and Trends
By evaluating Oil's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Oil's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Oil financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Oil Stock history
Oil investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Oil is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Oil and Gas will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Oil stock prices may prove useful in developing a viable investing in Oil
Oil Stock Technical Analysis
Oil 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.
Price Boundaries
Oil Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Oil and Gas cannot be verified against its exchange. Please verify the symbol is currently traded on Karachi Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Oil November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Oil stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Oil shares will generate the highest return on investment. By undertsting and applying Oil stock market strength indicators, traders can identify Oil and Gas entry and exit signals to maximize returns
Oil Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Oil's price direction in advance. Along with the technical and fundamental analysis of Oil Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Oil to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.2386 | |||
| Jensen Alpha | 0.69 | |||
| Total Risk Alpha | 0.3218 | |||
| Sortino Ratio | 0.2849 | |||
| Treynor Ratio | (1.85) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Oil Stock analysis
When running Oil's price analysis, check to measure Oil'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 Oil is operating at the current time. Most of Oil's value examination focuses on studying past and present price action to predict the probability of Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Oil's price. Additionally, you may evaluate how the addition of Oil to your portfolios can decrease your overall portfolio volatility.
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