Africa Oil Corp Stock Market Value
| AOIFF Stock | USD 1.39 0.02 1.42% |
| Symbol | Africa |
Africa Oil '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 Africa Oil's 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 Africa Oil.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Africa Oil on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Africa Oil Corp or generate 0.0% return on investment in Africa Oil over 30 days. Africa Oil is related to or competes with Gear Energy, Tamarack Valley, MEG Energy, Cardinal Energy, Whitecap Resources, Coelacanth Energy, and Frontera Energy. Africa Oil Corp., together with its subsidiaries, operates as an oil and gas exploration and development company in Keny... More
Africa Oil 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 Africa Oil's 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 Africa Oil Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 9.9 | |||
| Value At Risk | (4.35) | |||
| Potential Upside | 4.65 |
Africa Oil Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Africa Oil's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Africa Oil's standard deviation. In reality, there are many statistical measures that can use Africa Oil historical prices to predict the future Africa Oil's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.53) | |||
| Treynor Ratio | (0.23) |
Africa Oil Corp Backtested Returns
Africa Oil Corp secures Sharpe Ratio (or Efficiency) of -0.0313, which signifies that the company had a -0.0313% return per unit of risk over the last 3 months. Africa Oil Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Africa Oil's Risk Adjusted Performance of (0.02), mean deviation of 2.16, and Standard Deviation of 2.71 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.47, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Africa Oil's returns are expected to increase less than the market. However, during the bear market, the loss of holding Africa Oil is expected to be smaller as well. At this point, Africa Oil Corp has a negative expected return of -0.0848%. Please make sure to confirm Africa Oil's rate of daily change, price action indicator, as well as the relationship between the kurtosis and maximum drawdown , to decide if Africa Oil Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.76 |
Good predictability
Africa Oil Corp has good predictability. Overlapping area represents the amount of predictability between Africa Oil time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Africa Oil Corp price movement. The serial correlation of 0.76 indicates that around 76.0% of current Africa Oil price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Africa Oil Corp lagged returns against current returns
Autocorrelation, which is Africa Oil 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 Africa Oil's pink sheet expected returns. We can calculate the autocorrelation of Africa Oil returns to help us make a trade decision. For example, suppose you find that Africa Oil 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 |
Africa Oil 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 Africa Oil pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Africa Oil pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Africa Oil pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Africa Oil Lagged Returns
When evaluating Africa Oil's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Africa Oil pink sheet have on its future price. Africa Oil 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, Africa Oil autocorrelation shows the relationship between Africa Oil pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Africa Oil Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Africa Pink Sheet
Africa Oil financial ratios help investors to determine whether Africa Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Africa with respect to the benefits of owning Africa Oil security.