Empire Petroleum Corp Stock Market Value
| EP Stock | USD 5.75 0.14 2.38% |
| Symbol | Empire |
Empire Petroleum Corp Price To Book Ratio
Is Oil & Gas Exploration & Production 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 Empire Petroleum. If investors know Empire 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 Empire Petroleum listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.61) | Revenue Per Share 1.618 | Quarterly Revenue Growth 0.101 | Return On Assets (0.09) | Return On Equity (0.45) |
The market value of Empire Petroleum Corp is measured differently than its book value, which is the value of Empire that is recorded on the company's balance sheet. Investors also form their own opinion of Empire Petroleum's value that differs from its market value or its book value, called intrinsic value, which is Empire Petroleum'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 Empire Petroleum's market value can be influenced by many factors that don't directly affect Empire Petroleum'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 Empire Petroleum's value and its price as these two are different measures arrived at by different means. Investors typically determine if Empire Petroleum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Empire Petroleum'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.
Empire 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 Empire 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 Empire Petroleum.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Empire Petroleum on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Empire Petroleum Corp or generate 0.0% return on investment in Empire Petroleum over 30 days. Empire Petroleum is related to or competes with Devon Energy, ConocoPhillips, Occidental Petroleum, Permian Resources, EOG Resources, Coterra Energy, and Range Resources. Empire Petroleum Corporation engages in the exploration and development of oil and gas interests in Louisiana, New Mexic... More
Empire 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 Empire 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 Empire Petroleum Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.01 | |||
| Information Ratio | 0.0276 | |||
| Maximum Drawdown | 15.67 | |||
| Value At Risk | (6.47) | |||
| Potential Upside | 6.11 |
Empire Petroleum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Empire Petroleum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Empire Petroleum's standard deviation. In reality, there are many statistical measures that can use Empire Petroleum historical prices to predict the future Empire Petroleum's volatility.| Risk Adjusted Performance | 0.0566 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | 0.0251 | |||
| Treynor Ratio | 0.0889 |
Empire Petroleum Corp Backtested Returns
Empire Petroleum appears to be moderately volatile, given 3 months investment horizon. Empire Petroleum Corp secures Sharpe Ratio (or Efficiency) of 0.0575, which denotes the company had a 0.0575% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Empire Petroleum Corp, which you can use to evaluate the volatility of the firm. Please utilize Empire Petroleum's Mean Deviation of 2.78, downside deviation of 4.01, and Coefficient Of Variation of 1575.23 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Empire Petroleum holds a performance score of 4. The firm shows a Beta (market volatility) of 2.49, which means 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, Empire Petroleum will likely underperform. Please check Empire Petroleum's treynor ratio, kurtosis, relative strength index, as well as the relationship between the downside variance and day median price , to make a quick decision on whether Empire Petroleum's price patterns will revert.
Auto-correlation | -0.28 |
Weak reverse predictability
Empire Petroleum Corp has weak reverse predictability. Overlapping area represents the amount of predictability between Empire Petroleum time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Empire Petroleum Corp price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Empire Petroleum price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Empire Petroleum Corp lagged returns against current returns
Autocorrelation, which is Empire 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 Empire Petroleum's stock expected returns. We can calculate the autocorrelation of Empire Petroleum returns to help us make a trade decision. For example, suppose you find that Empire 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 |
Empire 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 Empire Petroleum stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Empire Petroleum stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Empire Petroleum stock over time.
Current vs Lagged Prices |
| Timeline |
Empire Petroleum Lagged Returns
When evaluating Empire Petroleum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Empire Petroleum stock have on its future price. Empire 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, Empire Petroleum autocorrelation shows the relationship between Empire Petroleum stock current value and its past values and can show if there is a momentum factor associated with investing in Empire Petroleum Corp.
Regressed Prices |
| Timeline |
Pair Trading with Empire Petroleum
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Empire Petroleum position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Empire Petroleum will appreciate offsetting losses from the drop in the long position's value.Moving together with Empire Stock
| 0.7 | LB | LandBridge Company Downward Rally | PairCorr |
| 0.68 | PR | Permian Resources Aggressive Push | PairCorr |
Moving against Empire Stock
| 0.51 | BRN | Barnwell Industries | PairCorr |
| 0.36 | BRY | Berry Petroleum Corp | PairCorr |
| 0.31 | APA | APA Corporation | PairCorr |
The ability to find closely correlated positions to Empire Petroleum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Empire Petroleum when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Empire Petroleum - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Empire Petroleum Corp to buy it.
The correlation of Empire Petroleum is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Empire Petroleum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Empire Petroleum Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Empire Petroleum can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Empire Stock Analysis
When running Empire Petroleum's price analysis, check to measure Empire Petroleum'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 Empire Petroleum is operating at the current time. Most of Empire Petroleum's value examination focuses on studying past and present price action to predict the probability of Empire Petroleum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Empire Petroleum's price. Additionally, you may evaluate how the addition of Empire Petroleum to your portfolios can decrease your overall portfolio volatility.