Bengal Energy Stock Market Value
| BNGLF Stock | USD 0.01 0 28.05% |
| Symbol | Bengal |
Bengal 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 Bengal Energy'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 Bengal Energy.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Bengal Energy on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Bengal Energy or generate 0.0% return on investment in Bengal Energy over 30 days. Bengal Energy is related to or competes with Petroleo Brasileiro, Equinor ASA, Eni SPA, YPF Sociedad, Ecopetrol, BP PLC, and Shell PLC. Bengal Energy Ltd. engages in the exploration, development, and production of oil and gas reserves in Australia More
Bengal 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 Bengal Energy'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 Bengal Energy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 50.0 |
Bengal Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bengal Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bengal Energy's standard deviation. In reality, there are many statistical measures that can use Bengal Energy historical prices to predict the future Bengal Energy's volatility.| Risk Adjusted Performance | 6.0E-4 | |||
| Jensen Alpha | (0.60) | |||
| Total Risk Alpha | (2.76) | |||
| Treynor Ratio | (0.06) |
Bengal Energy Backtested Returns
Bengal Energy appears to be out of control, given 3 months investment horizon. Bengal Energy secures Sharpe Ratio (or Efficiency) of 0.014, which signifies that the company had a 0.014% return per unit of risk over the last 3 months. We have found nineteen technical indicators for Bengal Energy, which you can use to evaluate the volatility of the firm. Please makes use of Bengal Energy's Mean Deviation of 3.71, risk adjusted performance of 6.0E-4, and Standard Deviation of 16.45 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Bengal Energy holds a performance score of 1. The firm shows a Beta (market volatility) of 3.37, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Bengal Energy will likely underperform. Please check Bengal Energy's total risk alpha, as well as the relationship between the daily balance of power and day typical price , to make a quick decision on whether Bengal Energy's price patterns will revert.
Auto-correlation | -0.51 |
Good reverse predictability
Bengal Energy has good reverse predictability. Overlapping area represents the amount of predictability between Bengal Energy time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Bengal Energy price movement. The serial correlation of -0.51 indicates that about 51.0% of current Bengal Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Bengal Energy lagged returns against current returns
Autocorrelation, which is Bengal Energy 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 Bengal Energy's pink sheet expected returns. We can calculate the autocorrelation of Bengal Energy returns to help us make a trade decision. For example, suppose you find that Bengal Energy 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 |
Bengal 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 Bengal Energy pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bengal Energy pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bengal Energy pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Bengal Energy Lagged Returns
When evaluating Bengal Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bengal Energy pink sheet have on its future price. Bengal 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, Bengal Energy autocorrelation shows the relationship between Bengal Energy pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Bengal Energy.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Bengal Pink Sheet
Bengal Energy financial ratios help investors to determine whether Bengal 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 Bengal with respect to the benefits of owning Bengal Energy security.