Alvopetro Energy Stock Market Value
| ALV Stock | CAD 4.36 0.03 0.69% |
| Symbol | Alvopetro |
Alvopetro Energy Price To Book Ratio
Alvopetro Energy '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 Alvopetro Energy'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 Alvopetro Energy.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Alvopetro Energy on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Alvopetro Energy or generate 0.0% return on investment in Alvopetro Energy over 30 days. Alvopetro Energy is related to or competes with Orca Energy, Hemisphere Energy, Touchstone Exploration, and Pine Cliff. Alvopetro Energy Ltd. engages in the acquisition, exploration, development, and production of hydrocarbons in the Recnca... More
Alvopetro Energy 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 Alvopetro Energy'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 Alvopetro Energy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 6.31 | |||
| Value At Risk | (2.11) | |||
| Potential Upside | 2.12 |
Alvopetro Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alvopetro Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alvopetro Energy's standard deviation. In reality, there are many statistical measures that can use Alvopetro Energy historical prices to predict the future Alvopetro Energy's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | (1.40) |
Alvopetro Energy Backtested Returns
Alvopetro Energy secures Sharpe Ratio (or Efficiency) of -0.14, which signifies that the company had a -0.14% return per unit of risk over the last 3 months. Alvopetro Energy exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alvopetro Energy's Mean Deviation of 0.8853, standard deviation of 1.23, and Risk Adjusted Performance of (0.10) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Alvopetro Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alvopetro Energy is expected to be smaller as well. At this point, Alvopetro Energy has a negative expected return of -0.18%. Please make sure to confirm Alvopetro Energy's skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if Alvopetro Energy performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.07 |
Very weak reverse predictability
Alvopetro Energy has very weak reverse predictability. Overlapping area represents the amount of predictability between Alvopetro Energy time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 Alvopetro Energy price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Alvopetro Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Alvopetro Energy lagged returns against current returns
Autocorrelation, which is Alvopetro Energy 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 Alvopetro Energy's stock expected returns. We can calculate the autocorrelation of Alvopetro Energy returns to help us make a trade decision. For example, suppose you find that Alvopetro Energy 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 |
| Timeline |
Alvopetro Energy 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 Alvopetro Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alvopetro Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alvopetro Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Alvopetro Energy Lagged Returns
When evaluating Alvopetro Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alvopetro Energy stock have on its future price. Alvopetro Energy 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, Alvopetro Energy autocorrelation shows the relationship between Alvopetro Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Alvopetro Energy.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Alvopetro Stock Analysis
When running Alvopetro Energy's price analysis, check to measure Alvopetro Energy'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 Alvopetro Energy is operating at the current time. Most of Alvopetro Energy's value examination focuses on studying past and present price action to predict the probability of Alvopetro Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alvopetro Energy's price. Additionally, you may evaluate how the addition of Alvopetro Energy to your portfolios can decrease your overall portfolio volatility.