Cadogan Petroleum (UK) Market Value
| CAD Stock | 2.40 0.00 0.00% |
| Symbol | Cadogan |
Cadogan Petroleum '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 Cadogan Petroleum'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 Cadogan Petroleum.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Cadogan Petroleum on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Cadogan Petroleum plc or generate 0.0% return on investment in Cadogan Petroleum over 30 days. Cadogan Petroleum is related to or competes with Silvercorp Metals, Atalaya Mining, Endeavour Mining, Caledonia Mining, Griffin Mining, Air Products, and Hochschild Mining. Cadogan Petroleum is entity of United Kingdom More
Cadogan Petroleum 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 Cadogan Petroleum'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 Cadogan Petroleum plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.04 | |||
| Maximum Drawdown | 22.21 | |||
| Potential Upside | 2.17 |
Cadogan Petroleum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cadogan Petroleum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cadogan Petroleum's standard deviation. In reality, there are many statistical measures that can use Cadogan Petroleum historical prices to predict the future Cadogan Petroleum's volatility.| Risk Adjusted Performance | 0.0692 | |||
| Jensen Alpha | 0.195 | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | 0.6268 |
Cadogan Petroleum plc Backtested Returns
Cadogan Petroleum appears to be risky, given 3 months investment horizon. Cadogan Petroleum plc secures Sharpe Ratio (or Efficiency) of 0.0941, which signifies that the company had a 0.0941% return per unit of standard deviation over the last 3 months. We have found seventeen technical indicators for Cadogan Petroleum plc, which you can use to evaluate the volatility of the firm. Please makes use of Cadogan Petroleum's risk adjusted performance of 0.0692, and Mean Deviation of 1.04 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cadogan Petroleum holds a performance score of 7. The firm shows a Beta (market volatility) of 0.38, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cadogan Petroleum's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cadogan Petroleum is expected to be smaller as well. Please check Cadogan Petroleum's jensen alpha, kurtosis, and the relationship between the variance and potential upside , to make a quick decision on whether Cadogan Petroleum's price patterns will revert.
Auto-correlation | 0.00 |
No correlation between past and present
Cadogan Petroleum plc has no correlation between past and present. Overlapping area represents the amount of predictability between Cadogan Petroleum time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Cadogan Petroleum plc price movement. The serial correlation of 0.0 indicates that just 0.0% of current Cadogan Petroleum price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Cadogan Petroleum plc lagged returns against current returns
Autocorrelation, which is Cadogan Petroleum 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 Cadogan Petroleum's stock expected returns. We can calculate the autocorrelation of Cadogan Petroleum returns to help us make a trade decision. For example, suppose you find that Cadogan Petroleum 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 |
Cadogan Petroleum 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 Cadogan Petroleum stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cadogan Petroleum stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cadogan Petroleum stock over time.
Current vs Lagged Prices |
| Timeline |
Cadogan Petroleum Lagged Returns
When evaluating Cadogan Petroleum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cadogan Petroleum stock have on its future price. Cadogan Petroleum 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, Cadogan Petroleum autocorrelation shows the relationship between Cadogan Petroleum stock current value and its past values and can show if there is a momentum factor associated with investing in Cadogan Petroleum plc.
Regressed Prices |
| Timeline |
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.Other Information on Investing in Cadogan Stock
Cadogan Petroleum financial ratios help investors to determine whether Cadogan Stock 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 Cadogan with respect to the benefits of owning Cadogan Petroleum security.