Phlx Oil Service Index Price on November 6, 2024
| OSX Index | 75.78 0.35 0.46% |
Below is the normalized historical share price chart for PHLX Oil Service extending back to February 20, 1997. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of PHLX Oil stands at 75.78, as last reported on the 12th of December 2024, with the highest price reaching 77.13 and the lowest price hitting 75.74 during the day.
If you're considering investing in PHLX Index, it is important to understand the factors that can impact its price. PHLX Oil Service maintains Sharpe Ratio (i.e., Efficiency) of 0.0323, which implies the entity had a 0.0323% return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for PHLX Oil Service, which you can use to evaluate the volatility of the index. PHLX Index price history is provided at the adjusted basis, taking into account all of the recent filings.
Sharpe Ratio = 0.0323
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | OSX | High Risk | Huge Risk |
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Estimated Market Risk
| 1.95 actual daily | 17 83% of assets are more volatile |
Expected Return
| 0.06 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average PHLX Oil is performing at about 2% 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 PHLX Oil by adding it to a well-diversified portfolio.
PHLX Oil Valuation on November 6, 2024
It is possible to determine the worth of PHLX Oil on a given historical date. On November 6, 2024 PHLX was worth 79.06 at the beginning of the trading date compared to the closed value of 82.01. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of PHLX Oil index. Still, in general, we apply an absolute valuation method to find PHLX 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 PHLX Oil where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against PHLX Oil's related companies.
| Open | High | Low | Close | Volume | |
| 75.28 | 76.10 | 75.09 | 76.06 | 1.00 | |
11/06/2024 | 79.06 | 82.59 | 79.06 | 82.01 | 1.00 |
| 81.25 | 81.25 | 79.99 | 80.56 | 1.00 |
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PHLX Oil Trading Date Momentum on November 6, 2024
| On November 07 2024 PHLX Oil Service was traded for 80.56 at the closing time. The highest price during the trading period was 81.25 and the lowest recorded bid was listed for 79.99 . There was no trading activity during the period 1.0. Lack of trading volume on November 7, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 1.77% . The trading delta at closing time to the current price is 5.34% . |
Price Boundaries
PHLX Oil Period Price Range
Low | December 12, 2024
| High |
0.00 | 0.00 |
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PHLX Oil December 12, 2024 Market Strength
Market strength indicators help investors to evaluate how PHLX Oil index reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading PHLX Oil shares will generate the highest return on investment. By undertsting and applying PHLX Oil index market strength indicators, traders can identify PHLX Oil Service entry and exit signals to maximize returns
PHLX Oil Technical Drivers
PHLX Oil December 12, 2024 Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for PHLX Oil's price direction in advance. Along with the technical and fundamental analysis of PHLX Index historical price patterns, it is also worthwhile for investors to track various predictive indicators of PHLX 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 | 0.0242 | |||
| Mean Deviation | 1.38 | |||
| Semi Deviation | 1.91 | |||
| Downside Deviation | 2.0 | |||
| Coefficient Of Variation | 4023.79 | |||
| Standard Deviation | 1.91 | |||
| Variance | 3.67 | |||
| Information Ratio | (0.04) | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | (0.04) | |||
| Maximum Drawdown | 11.35 | |||
| Value At Risk | (3.25) | |||
| Potential Upside | 2.62 | |||
| Downside Variance | 3.99 | |||
| Semi Variance | 3.65 | |||
| Expected Short fall | (1.24) | |||
| Skewness | 0.7225 | |||
| Kurtosis | 3.15 |
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