HORN PETROLEUM's market value is the price at which a share of HORN PETROLEUM trades on a public exchange. It measures the collective expectations of HORN PETROLEUM investors about its performance. HORN PETROLEUM is selling for under 0.028 as of the 28th of November 2024; that is 2.1 percent decrease since the beginning of the trading day. The stock's last reported lowest price was 0.028. With this module, you can estimate the performance of a buy and hold strategy of HORN PETROLEUM and determine expected loss or profit from investing in HORN PETROLEUM over a given investment horizon. Check out HORN PETROLEUM Correlation, HORN PETROLEUM Volatility and HORN PETROLEUM Alpha and Beta module to complement your research on HORN PETROLEUM.
Please note, there is a significant difference between HORN PETROLEUM's value and its price as these two are different measures arrived at by different means. Investors typically determine if HORN PETROLEUM is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HORN 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.
HORN 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 HORN 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 HORN PETROLEUM.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure HORN 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 HORN PETROLEUM upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for HORN PETROLEUM's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HORN PETROLEUM's standard deviation. In reality, there are many statistical measures that can use HORN PETROLEUM historical prices to predict the future HORN PETROLEUM's volatility.
HORN PETROLEUM is out of control given 3 months investment horizon. HORN PETROLEUM holds Efficiency (Sharpe) Ratio of 0.0665, which attests that the entity had a 0.0665% return per unit of volatility over the last 3 months. We were able to analyze nineteen different technical indicators, which can help you to evaluate if expected returns of 1.28% are justified by taking the suggested risk. Use HORN PETROLEUM risk adjusted performance of 0.0601, and Market Risk Adjusted Performance of 0.9953 to evaluate company specific risk that cannot be diversified away. HORN PETROLEUM holds a performance score of 5 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 1.27, which attests to 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, HORN PETROLEUM will likely underperform. Use HORN PETROLEUM total risk alpha, kurtosis, rate of daily change, as well as the relationship between the skewness and daily balance of power , to analyze future returns on HORN PETROLEUM.
Correlation Coefficient
0.0
Spearman Rank Test
0.96
Residual Average
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Price Variance
0.0
HORN PETROLEUM lagged returns against current returns
Autocorrelation, which is HORN 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 HORN PETROLEUM's stock expected returns. We can calculate the autocorrelation of HORN PETROLEUM returns to help us make a trade decision. For example, suppose you find that HORN 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
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HORN 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 HORN PETROLEUM stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HORN PETROLEUM stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HORN PETROLEUM stock over time.
Current vs Lagged Prices
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HORN PETROLEUM Lagged Returns
When evaluating HORN PETROLEUM's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HORN PETROLEUM stock have on its future price. HORN 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, HORN PETROLEUM autocorrelation shows the relationship between HORN PETROLEUM stock current value and its past values and can show if there is a momentum factor associated with investing in HORN PETROLEUM.
Regressed Prices
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Thematic Opportunities
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When running HORN PETROLEUM's price analysis, check to measure HORN 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 HORN PETROLEUM is operating at the current time. Most of HORN PETROLEUM's value examination focuses on studying past and present price action to predict the probability of HORN 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 HORN PETROLEUM's price. Additionally, you may evaluate how the addition of HORN PETROLEUM to your portfolios can decrease your overall portfolio volatility.