Capricorn Energy Plc Stock Market Value
| CRNCY Stock | USD 5.70 0.40 7.55% |
| Symbol | Capricorn |
Capricorn 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 Capricorn 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 Capricorn Energy.
| 08/02/2023 |
| 11/24/2024 |
If you would invest 0.00 in Capricorn Energy on August 2, 2023 and sell it all today you would earn a total of 0.00 from holding Capricorn Energy PLC or generate 0.0% return on investment in Capricorn Energy over 480 days. Capricorn Energy is related to or competes with Permian Resources, Devon Energy, EOG Resources, Coterra Energy, Diamondback Energy, and ConocoPhillips. Capricorn Energy PLC operates as an independent oil and gas exploration, development, and production company More
Capricorn 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 Capricorn 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 Capricorn Energy PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 12.77 | |||
| Value At Risk | (4.49) | |||
| Potential Upside | 3.55 |
Capricorn Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Capricorn Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Capricorn Energy's standard deviation. In reality, there are many statistical measures that can use Capricorn Energy historical prices to predict the future Capricorn Energy's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | 0.1587 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Capricorn 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.
Capricorn Energy PLC Backtested Returns
Capricorn Energy PLC secures Sharpe Ratio (or Efficiency) of -0.0159, which signifies that the company had a -0.0159% return per unit of risk over the last 3 months. Capricorn Energy PLC exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Capricorn Energy's Risk Adjusted Performance of (0.02), mean deviation of 1.38, and Standard Deviation of 2.41 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.69, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Capricorn Energy are expected to decrease at a much lower rate. During the bear market, Capricorn Energy is likely to outperform the market. At this point, Capricorn Energy PLC has a negative expected return of -0.038%. Please make sure to confirm Capricorn Energy's information ratio, skewness, as well as the relationship between the Skewness and price action indicator , to decide if Capricorn Energy PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Capricorn Energy PLC has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Capricorn Energy time series from 2nd of August 2023 to 29th of March 2024 and 29th of March 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 Capricorn Energy PLC price movement. The serial correlation of -0.75 indicates that around 75.0% of current Capricorn Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.84 |
Capricorn Energy PLC lagged returns against current returns
Autocorrelation, which is Capricorn 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 Capricorn Energy's pink sheet expected returns. We can calculate the autocorrelation of Capricorn Energy returns to help us make a trade decision. For example, suppose you find that Capricorn 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 |
Capricorn 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 Capricorn Energy pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Capricorn 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 Capricorn Energy pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Capricorn Energy Lagged Returns
When evaluating Capricorn Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Capricorn Energy pink sheet have on its future price. Capricorn 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, Capricorn Energy autocorrelation shows the relationship between Capricorn Energy pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Capricorn Energy PLC.
Regressed Prices |
| Timeline |
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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.Additional Tools for Capricorn Pink Sheet Analysis
When running Capricorn Energy's price analysis, check to measure Capricorn 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 Capricorn Energy is operating at the current time. Most of Capricorn Energy's value examination focuses on studying past and present price action to predict the probability of Capricorn 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 Capricorn Energy's price. Additionally, you may evaluate how the addition of Capricorn Energy to your portfolios can decrease your overall portfolio volatility.