Bakken Energy Corp Stock Market Value
| BKEN Stock | USD 0.0001 0.00 0.00% |
| Symbol | Bakken |
Bakken Energy Corp Price To Book Ratio
Is Oil & Gas Exploration & Production space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Bakken Energy. If investors know Bakken will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Bakken Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Return On Assets (0.98) |
The market value of Bakken Energy Corp is measured differently than its book value, which is the value of Bakken that is recorded on the company's balance sheet. Investors also form their own opinion of Bakken Energy's value that differs from its market value or its book value, called intrinsic value, which is Bakken Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Bakken Energy's market value can be influenced by many factors that don't directly affect Bakken Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Bakken Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bakken Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bakken Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Bakken 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 Bakken 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 Bakken Energy.
| 05/28/2024 |
| 11/24/2024 |
If you would invest 0.00 in Bakken Energy on May 28, 2024 and sell it all today you would earn a total of 0.00 from holding Bakken Energy Corp or generate 0.0% return on investment in Bakken Energy over 180 days. Bakken Energy is related to or competes with Range Resources, EQT, Diamondback Energy, EOG Resources, Coterra Energy, Antero Resources, and Permian Resources. Bakken Energy Corp., a development stage energy company, focuses on the acquisition and exploration of oil and natural g... More
Bakken 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 Bakken 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 Bakken Energy Corp upside and downside potential and time the market with a certain degree of confidence.
Bakken Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bakken Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bakken Energy's standard deviation. In reality, there are many statistical measures that can use Bakken Energy historical prices to predict the future Bakken Energy's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bakken Energy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Bakken Energy Corp Backtested Returns
We have found three technical indicators for Bakken Energy Corp, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and Bakken Energy are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Bakken Energy Corp has no correlation between past and present. Overlapping area represents the amount of predictability between Bakken Energy time series from 28th of May 2024 to 26th of August 2024 and 26th of August 2024 to 24th 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 Bakken Energy Corp price movement. The serial correlation of 0.0 indicates that just 0.0% of current Bakken Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Bakken Energy Corp lagged returns against current returns
Autocorrelation, which is Bakken 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 Bakken Energy's stock expected returns. We can calculate the autocorrelation of Bakken Energy returns to help us make a trade decision. For example, suppose you find that Bakken 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 |
Bakken 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 Bakken Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bakken Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bakken Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Bakken Energy Lagged Returns
When evaluating Bakken Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bakken Energy stock have on its future price. Bakken 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, Bakken Energy autocorrelation shows the relationship between Bakken Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Bakken Energy Corp.
Regressed Prices |
| Timeline |
Pair Trading with Bakken Energy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bakken Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bakken Energy will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Bakken Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bakken Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bakken Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bakken Energy Corp to buy it.
The correlation of Bakken Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bakken Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bakken Energy Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bakken Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Bakken Energy Correlation, Bakken Energy Volatility and Bakken Energy Alpha and Beta module to complement your research on Bakken Energy. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Bakken Energy 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.