Gibson Energy Stock Market Value
| GEI Stock | CAD 23.57 0.37 1.55% |
| Symbol | Gibson |
Gibson Energy Price To Book Ratio
Gibson 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 Gibson Energy'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 Gibson Energy.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Gibson Energy on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Gibson Energy or generate 0.0% return on investment in Gibson Energy over 30 days. Gibson Energy is related to or competes with Keyera Corp, Parkland Fuel, Superior Plus, and Parex Resources. Gibson Energy Inc., a crude oil infrastructure company, engages in the gathering, storage, optimization, processing, and... More
Gibson 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 Gibson Energy'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 Gibson Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9024 | |||
| Information Ratio | 0.0697 | |||
| Maximum Drawdown | 4.09 | |||
| Value At Risk | (1.42) | |||
| Potential Upside | 1.88 |
Gibson Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gibson Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gibson Energy's standard deviation. In reality, there are many statistical measures that can use Gibson Energy historical prices to predict the future Gibson Energy's volatility.| Risk Adjusted Performance | 0.159 | |||
| Jensen Alpha | 0.1848 | |||
| Total Risk Alpha | 0.0357 | |||
| Sortino Ratio | 0.0748 | |||
| Treynor Ratio | 6.49 |
Gibson Energy Backtested Returns
As of now, Gibson Stock is very steady. Gibson Energy holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Gibson Energy, which you can use to evaluate the volatility of the firm. Please check out Gibson Energy's risk adjusted performance of 0.159, and Market Risk Adjusted Performance of 6.5 to validate if the risk estimate we provide is consistent with the expected return of 0.16%. Gibson Energy has a performance score of 12 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.029, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Gibson Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gibson Energy is expected to be smaller as well. Gibson Energy right now retains a risk of 0.99%. Please check out Gibson Energy treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to decide if Gibson Energy will be following its current trending patterns.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
Gibson Energy has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Gibson Energy time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Gibson Energy price movement. The serial correlation of -0.72 indicates that around 72.0% of current Gibson Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
Gibson Energy lagged returns against current returns
Autocorrelation, which is Gibson Energy 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 Gibson Energy's stock expected returns. We can calculate the autocorrelation of Gibson Energy returns to help us make a trade decision. For example, suppose you find that Gibson Energy 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 |
Gibson 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 Gibson Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gibson Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gibson Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Gibson Energy Lagged Returns
When evaluating Gibson Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gibson Energy stock have on its future price. Gibson 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, Gibson Energy autocorrelation shows the relationship between Gibson Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Gibson Energy.
Regressed Prices |
| Timeline |
Pair Trading with Gibson Energy
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 Gibson Energy 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 Gibson Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Gibson Stock
| 0.84 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.78 | ENB-PFU | Enbridge Pref L | PairCorr |
| 0.85 | ENS | E Split Corp | PairCorr |
| 0.69 | ENS-PA | E Split Corp | PairCorr |
The ability to find closely correlated positions to Gibson Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gibson Energy 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 Gibson Energy - 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 Gibson Energy to buy it.
The correlation of Gibson Energy 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 Gibson Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gibson Energy 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 Gibson Energy 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.Other Information on Investing in Gibson Stock
Gibson Energy financial ratios help investors to determine whether Gibson 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 Gibson with respect to the benefits of owning Gibson Energy security.