Ngx Energy International Stock Market Value
| GASXF Stock | USD 0.66 0.01 1.54% |
| Symbol | Ngx |
Ngx 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 Ngx Energy's otc 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 Ngx Energy.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Ngx Energy on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Ngx Energy International or generate 0.0% return on investment in Ngx Energy over 720 days. Ngx Energy is related to or competes with Permian Resources, Devon Energy, EOG Resources, Coterra Energy, Diamondback Energy, and ConocoPhillips. NG Energy International Corp., an oil and gas company, engages in the acquisition, exploration, development, and exploit... More
Ngx 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 Ngx Energy's otc 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 Ngx Energy International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 16.17 | |||
| Value At Risk | (4.41) | |||
| Potential Upside | 5.63 |
Ngx Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ngx Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ngx Energy's standard deviation. In reality, there are many statistical measures that can use Ngx Energy historical prices to predict the future Ngx Energy's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | 1.76 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ngx 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.
Ngx Energy International Backtested Returns
Ngx Energy International has Sharpe Ratio of -0.0924, which conveys that the firm had a -0.0924% return per unit of risk over the last 3 months. Ngx Energy exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Ngx Energy's Risk Adjusted Performance of (0.03), standard deviation of 2.72, and Mean Deviation of 1.73 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.072, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ngx Energy are expected to decrease at a much lower rate. During the bear market, Ngx Energy is likely to outperform the market. At this point, Ngx Energy International has a negative expected return of -0.23%. Please make sure to verify Ngx Energy's value at risk, daily balance of power, as well as the relationship between the Daily Balance Of Power and period momentum indicator , to decide if Ngx Energy International performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.39 |
Below average predictability
Ngx Energy International has below average predictability. Overlapping area represents the amount of predictability between Ngx Energy time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 Ngx Energy International price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Ngx Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ngx Energy International lagged returns against current returns
Autocorrelation, which is Ngx Energy otc 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 Ngx Energy's otc stock expected returns. We can calculate the autocorrelation of Ngx Energy returns to help us make a trade decision. For example, suppose you find that Ngx Energy has exhibited high autocorrelation historically, and you observe that the otc 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 |
Ngx 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 Ngx Energy otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ngx Energy otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ngx Energy otc stock over time.
Current vs Lagged Prices |
| Timeline |
Ngx Energy Lagged Returns
When evaluating Ngx Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ngx Energy otc stock have on its future price. Ngx 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, Ngx Energy autocorrelation shows the relationship between Ngx Energy otc stock current value and its past values and can show if there is a momentum factor associated with investing in Ngx Energy International.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Ngx OTC Stock
Ngx Energy financial ratios help investors to determine whether Ngx OTC 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 Ngx with respect to the benefits of owning Ngx Energy security.