Horizon Oil Limited Stock Market Value
| HZNFF Stock | USD 0.14 0.03 27.27% |
| Symbol | Horizon |
Horizon Oil '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 Horizon Oil'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 Horizon Oil.
| 12/22/2024 |
| 01/21/2025 |
If you would invest 0.00 in Horizon Oil on December 22, 2024 and sell it all today you would earn a total of 0.00 from holding Horizon Oil Limited or generate 0.0% return on investment in Horizon Oil over 30 days. Horizon Oil is related to or competes with Dno ASA, PetroShale, Enwell Energy, Tullow Oil, San Leon, Questerre Energy, and Saturn Oil. Horizon Oil Limited, together with its subsidiaries, engages in the exploration, development, and production of oil and ... More
Horizon Oil 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 Horizon Oil'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 Horizon Oil Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 17.96 | |||
| Information Ratio | 0.0659 | |||
| Maximum Drawdown | 56.35 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 10.0 |
Horizon Oil Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Horizon Oil's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Horizon Oil's standard deviation. In reality, there are many statistical measures that can use Horizon Oil historical prices to predict the future Horizon Oil's volatility.| Risk Adjusted Performance | 0.067 | |||
| Jensen Alpha | 0.6269 | |||
| Total Risk Alpha | 0.3754 | |||
| Sortino Ratio | 0.0308 | |||
| Treynor Ratio | (0.21) |
Horizon Oil Limited Backtested Returns
Horizon Oil appears to be out of control, given 3 months investment horizon. Horizon Oil Limited holds Efficiency (Sharpe) Ratio of 0.057, which attests that the entity had a 0.057 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Horizon Oil Limited, which you can use to evaluate the volatility of the firm. Please utilize Horizon Oil's Risk Adjusted Performance of 0.067, market risk adjusted performance of (0.20), and Downside Deviation of 17.96 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Horizon Oil holds a performance score of 4. The company retains a Market Volatility (i.e., Beta) of -2.71, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Horizon Oil are expected to decrease by larger amounts. On the other hand, during market turmoil, Horizon Oil is expected to outperform it. Please check Horizon Oil's maximum drawdown and the relationship between the semi variance and price action indicator , to make a quick decision on whether Horizon Oil's current trending patterns will revert.
Auto-correlation | 0.76 |
Good predictability
Horizon Oil Limited has good predictability. Overlapping area represents the amount of predictability between Horizon Oil time series from 22nd of December 2024 to 6th of January 2025 and 6th of January 2025 to 21st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Horizon Oil Limited price movement. The serial correlation of 0.76 indicates that around 76.0% of current Horizon Oil price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Horizon Oil Limited lagged returns against current returns
Autocorrelation, which is Horizon Oil 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 Horizon Oil's otc stock expected returns. We can calculate the autocorrelation of Horizon Oil returns to help us make a trade decision. For example, suppose you find that Horizon Oil 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 |
Horizon Oil 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 Horizon Oil otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Horizon Oil otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Horizon Oil otc stock over time.
Current vs Lagged Prices |
| Timeline |
Horizon Oil Lagged Returns
When evaluating Horizon Oil's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Horizon Oil otc stock have on its future price. Horizon Oil 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, Horizon Oil autocorrelation shows the relationship between Horizon Oil otc stock current value and its past values and can show if there is a momentum factor associated with investing in Horizon Oil Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Horizon OTC Stock
Horizon Oil financial ratios help investors to determine whether Horizon 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 Horizon with respect to the benefits of owning Horizon Oil security.