High Arctic Energy Stock Market Value
| HGHAF Stock | USD 0.81 0.03 3.57% |
| Symbol | High |
High Arctic '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 High Arctic'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 High Arctic.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in High Arctic on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding High Arctic Energy or generate 0.0% return on investment in High Arctic over 30 days. High Arctic is related to or competes with Seadrill, Noble Plc, Borr Drilling, SCOR PK, HUMANA, Barloworld, and Morningstar Unconstrained. High Arctic Energy Services Inc., an oilfield services company, provides oilfield services to exploration and production... More
High Arctic 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 High Arctic'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 High Arctic Energy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 14.76 | |||
| Value At Risk | (4.76) | |||
| Potential Upside | 3.53 |
High Arctic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for High Arctic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as High Arctic's standard deviation. In reality, there are many statistical measures that can use High Arctic historical prices to predict the future High Arctic's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.85) | |||
| Treynor Ratio | 0.4259 |
High Arctic Energy Backtested Returns
High Arctic Energy holds Efficiency (Sharpe) Ratio of -0.0983, which attests that the entity had a -0.0983% return per unit of risk over the last 3 months. High Arctic Energy exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out High Arctic's Market Risk Adjusted Performance of 0.4359, risk adjusted performance of (0.08), and Standard Deviation of 2.92 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.84, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning High Arctic are expected to decrease at a much lower rate. During the bear market, High Arctic is likely to outperform the market. At this point, High Arctic Energy has a negative expected return of -0.29%. Please make sure to check out High Arctic's information ratio, kurtosis, period momentum indicator, as well as the relationship between the treynor ratio and day median price , to decide if High Arctic Energy performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.67 |
Very good reverse predictability
High Arctic Energy has very good reverse predictability. Overlapping area represents the amount of predictability between High Arctic time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd of December 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 High Arctic Energy price movement. The serial correlation of -0.67 indicates that around 67.0% of current High Arctic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
High Arctic Energy lagged returns against current returns
Autocorrelation, which is High Arctic 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 High Arctic's pink sheet expected returns. We can calculate the autocorrelation of High Arctic returns to help us make a trade decision. For example, suppose you find that High Arctic 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 |
High Arctic 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 High Arctic pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if High Arctic pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in High Arctic pink sheet over time.
Current vs Lagged Prices |
| Timeline |
High Arctic Lagged Returns
When evaluating High Arctic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of High Arctic pink sheet have on its future price. High Arctic 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, High Arctic autocorrelation shows the relationship between High Arctic pink sheet current value and its past values and can show if there is a momentum factor associated with investing in High Arctic Energy.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in High Pink Sheet
High Arctic financial ratios help investors to determine whether High 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 High with respect to the benefits of owning High Arctic security.