Delta Oil Gas Stock Market Value
Delta Oil's market value is the price at which a share of Delta Oil trades on a public exchange. It measures the collective expectations of Delta Oil Gas investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of Delta Oil Gas and determine expected loss or profit from investing in Delta Oil over a given investment horizon. Check out Delta Oil Correlation, Delta Oil Volatility and Delta Oil Alpha and Beta module to complement your research on Delta Oil.
| Symbol | Delta |
Is Oil & Gas E&P 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 Delta Oil. If investors know Delta 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 Delta Oil listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Revenue Per Share 0.03 | Quarterly Revenue Growth 0.339 | Return On Assets (0.53) | Return On Equity (1.78) |
The market value of Delta Oil Gas is measured differently than its book value, which is the value of Delta that is recorded on the company's balance sheet. Investors also form their own opinion of Delta Oil's value that differs from its market value or its book value, called intrinsic value, which is Delta Oil'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 Delta Oil's market value can be influenced by many factors that don't directly affect Delta Oil'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 Delta Oil's value and its price as these two are different measures arrived at by different means. Investors typically determine if Delta Oil is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Delta Oil'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.
Delta 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 Delta Oil'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 Delta Oil.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Delta Oil on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Delta Oil Gas or generate 0.0% return on investment in Delta Oil over 180 days. Delta Oil is related to or competes with Rave Restaurant, Shake Shack, Westrock Coffee, Wendys, East Africa, and RCI Hospitality. Delta Oil Gas, Inc., an independent natural gas and oil company, engages in the acquisition, exploration, and developmen... More
Delta 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 Delta Oil'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 Delta Oil Gas upside and downside potential and time the market with a certain degree of confidence.
Delta Oil Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Delta Oil's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Delta Oil's standard deviation. In reality, there are many statistical measures that can use Delta Oil historical prices to predict the future Delta Oil's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Delta Oil'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.
Delta Oil Gas Backtested Returns
Delta Oil Gas secures Sharpe Ratio (or Efficiency) of -0.13, which denotes the company had a -0.13% return per unit of risk over the last 3 months. Delta Oil Gas exposes zero different technical indicators, which can help you to evaluate volatility embedded in its price movement. The firm shows a Beta (market volatility) of 0.0, which means not very significant fluctuations relative to the market. the returns on MARKET and Delta Oil are completely uncorrelated.
Auto-correlation | 0.79 |
Good predictability
Delta Oil Gas has good predictability. Overlapping area represents the amount of predictability between Delta Oil time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Delta Oil Gas price movement. The serial correlation of 0.79 indicates that around 79.0% of current Delta Oil price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Delta Oil Gas lagged returns against current returns
Autocorrelation, which is Delta Oil 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 Delta Oil's stock expected returns. We can calculate the autocorrelation of Delta Oil returns to help us make a trade decision. For example, suppose you find that Delta Oil 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 |
Delta 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 Delta Oil stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Delta Oil stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Delta Oil stock over time.
Current vs Lagged Prices |
| Timeline |
Delta Oil Lagged Returns
When evaluating Delta Oil's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Delta Oil stock have on its future price. Delta 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, Delta Oil autocorrelation shows the relationship between Delta Oil stock current value and its past values and can show if there is a momentum factor associated with investing in Delta Oil Gas.
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.When determining whether Delta Oil Gas offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Delta Oil's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Delta Oil Gas Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Delta Oil Gas Stock:Check out Delta Oil Correlation, Delta Oil Volatility and Delta Oil Alpha and Beta module to complement your research on Delta Oil. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Delta Oil 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.