Helmerich Payne (UK) Market Value
| 0J4G Stock | 36.17 1.17 3.34% |
| Symbol | Helmerich |
Helmerich Payne '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 Helmerich Payne's stock 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 Helmerich Payne.
| 02/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in Helmerich Payne on February 4, 2023 and sell it all today you would earn a total of 0.00 from holding Helmerich Payne or generate 0.0% return on investment in Helmerich Payne over 660 days. Helmerich Payne is related to or competes with Gamma Communications, Zoom Video, Team Internet, Monster Beverage, Fresenius Medical, Aeorema Communications, and Telecom Italia. Helmerich Payne is entity of United Kingdom More
Helmerich Payne 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 Helmerich Payne's stock 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 Helmerich Payne upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.12 | |||
| Information Ratio | 0.0124 | |||
| Maximum Drawdown | 12.53 | |||
| Value At Risk | (4.09) | |||
| Potential Upside | 4.41 |
Helmerich Payne Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Helmerich Payne's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Helmerich Payne's standard deviation. In reality, there are many statistical measures that can use Helmerich Payne historical prices to predict the future Helmerich Payne's volatility.| Risk Adjusted Performance | 0.0526 | |||
| Jensen Alpha | 0.0262 | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | 0.0112 | |||
| Treynor Ratio | 0.1452 |
Helmerich Payne Backtested Returns
Currently, Helmerich Payne is very steady. Helmerich Payne holds Efficiency (Sharpe) Ratio of 0.0632, which attests that the entity had a 0.0632% return per unit of risk over the last 3 months. We have found thirty technical indicators for Helmerich Payne, which you can use to evaluate the volatility of the firm. Please check out Helmerich Payne's Downside Deviation of 3.12, market risk adjusted performance of 0.1552, and Risk Adjusted Performance of 0.0526 to validate if the risk estimate we provide is consistent with the expected return of 0.18%. Helmerich Payne has a performance score of 4 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 1.07, which attests to a somewhat significant risk relative to the market. Helmerich Payne returns are very sensitive to returns on the market. As the market goes up or down, Helmerich Payne is expected to follow. Helmerich Payne right now retains a risk of 2.79%. Please check out Helmerich Payne semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to decide if Helmerich Payne will be following its current trending patterns.
Auto-correlation | -0.35 |
Poor reverse predictability
Helmerich Payne has poor reverse predictability. Overlapping area represents the amount of predictability between Helmerich Payne time series from 4th of February 2023 to 31st of December 2023 and 31st of December 2023 to 25th of November 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 Helmerich Payne price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Helmerich Payne price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 10.72 |
Helmerich Payne lagged returns against current returns
Autocorrelation, which is Helmerich Payne stock'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 Helmerich Payne's stock expected returns. We can calculate the autocorrelation of Helmerich Payne returns to help us make a trade decision. For example, suppose you find that Helmerich Payne has exhibited high autocorrelation historically, and you observe that the stock 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 |
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Helmerich Payne 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 Helmerich Payne stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Helmerich Payne stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Helmerich Payne stock over time.
Current vs Lagged Prices |
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Helmerich Payne Lagged Returns
When evaluating Helmerich Payne's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Helmerich Payne stock have on its future price. Helmerich Payne 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, Helmerich Payne autocorrelation shows the relationship between Helmerich Payne stock current value and its past values and can show if there is a momentum factor associated with investing in Helmerich Payne.
Regressed Prices |
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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.Additional Tools for Helmerich Stock Analysis
When running Helmerich Payne's price analysis, check to measure Helmerich Payne'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 Helmerich Payne is operating at the current time. Most of Helmerich Payne's value examination focuses on studying past and present price action to predict the probability of Helmerich Payne's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Helmerich Payne's price. Additionally, you may evaluate how the addition of Helmerich Payne to your portfolios can decrease your overall portfolio volatility.