88 Energy Limited Stock Market Value
| EEENF Stock | USD 0 0.0001 10.00% |
| Symbol | EEENF |
88 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 88 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 88 Energy.
| 01/17/2025 |
| 02/16/2025 |
If you would invest 0.00 in 88 Energy on January 17, 2025 and sell it all today you would earn a total of 0.00 from holding 88 Energy Limited or generate 0.0% return on investment in 88 Energy over 30 days. 88 Energy is related to or competes with Sintana Energy, Journey Energy, and Saturn Oil. 88 Energy Limited explores for oil and gas properties in the United States More
88 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 88 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 88 Energy Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 29.09 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 10.0 |
88 Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 88 Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 88 Energy's standard deviation. In reality, there are many statistical measures that can use 88 Energy historical prices to predict the future 88 Energy's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | (0.19) |
88 Energy Limited Backtested Returns
At this point, 88 Energy is out of control. 88 Energy Limited retains Efficiency (Sharpe Ratio) of 0.0141, which signifies that the company had a 0.0141 % return per unit of price deviation over the last 3 months. We have found twenty-four technical indicators for 88 Energy, which you can use to evaluate the volatility of the entity. Please confirm 88 Energy's Information Ratio of (0.02), market risk adjusted performance of (0.18), and Variance of 49.81 to double-check if the risk estimate we provide is consistent with the expected return of 0.0996%. 88 Energy has a performance score of 1 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of 0.7, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, 88 Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding 88 Energy is expected to be smaller as well. 88 Energy Limited today owns a risk of 7.09%. Please confirm 88 Energy Limited coefficient of variation, value at risk, rate of daily change, as well as the relationship between the total risk alpha and kurtosis , to decide if 88 Energy Limited will be following its current price history.
Auto-correlation | -0.03 |
Very weak reverse predictability
88 Energy Limited has very weak reverse predictability. Overlapping area represents the amount of predictability between 88 Energy time series from 17th of January 2025 to 1st of February 2025 and 1st of February 2025 to 16th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of 88 Energy Limited price movement. The serial correlation of -0.03 indicates that only 3.0% of current 88 Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
88 Energy Limited lagged returns against current returns
Autocorrelation, which is 88 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 88 Energy's pink sheet expected returns. We can calculate the autocorrelation of 88 Energy returns to help us make a trade decision. For example, suppose you find that 88 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 |
88 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 88 Energy pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 88 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 88 Energy pink sheet over time.
Current vs Lagged Prices |
| Timeline |
88 Energy Lagged Returns
When evaluating 88 Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 88 Energy pink sheet have on its future price. 88 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, 88 Energy autocorrelation shows the relationship between 88 Energy pink sheet current value and its past values and can show if there is a momentum factor associated with investing in 88 Energy Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in EEENF Pink Sheet
88 Energy financial ratios help investors to determine whether EEENF 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 EEENF with respect to the benefits of owning 88 Energy security.