Imperial Petroleum Preferred Preferred Stock Market Value
| IMPPP Preferred Stock | USD 25.30 0.05 0.20% |
| Symbol | Imperial |
Imperial 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 Imperial Petroleum's preferred 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 Imperial Petroleum.
| 05/26/2024 |
| 11/22/2024 |
If you would invest 0.00 in Imperial Petroleum on May 26, 2024 and sell it all today you would earn a total of 0.00 from holding Imperial Petroleum Preferred or generate 0.0% return on investment in Imperial Petroleum over 180 days. Imperial Petroleum is related to or competes with Imperial Petroleum, Dynagas LNG, GasLog Partners, and GasLog Partners. Imperial Petroleum Inc. provides international seaborne transportation services to oil producers, refineries, and commod... More
Imperial Petroleum 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 Imperial Petroleum's preferred 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 Imperial Petroleum Preferred upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.0 | |||
| Information Ratio | 0.0145 | |||
| Maximum Drawdown | 5.3 | |||
| Value At Risk | (1.24) | |||
| Potential Upside | 1.54 |
Imperial Petroleum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Imperial Petroleum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Imperial Petroleum's standard deviation. In reality, there are many statistical measures that can use Imperial Petroleum historical prices to predict the future Imperial Petroleum's volatility.| Risk Adjusted Performance | 0.094 | |||
| Jensen Alpha | 0.0973 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.0127 | |||
| Treynor Ratio | 9.09 |
Imperial Petroleum Backtested Returns
Currently, Imperial Petroleum Preferred is very steady. Imperial Petroleum holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Imperial Petroleum, which you can use to evaluate the volatility of the firm. Please check out Imperial Petroleum's Market Risk Adjusted Performance of 9.1, downside deviation of 1.0, and Risk Adjusted Performance of 0.094 to validate if the risk estimate we provide is consistent with the expected return of 0.1%. Imperial Petroleum has a performance score of 8 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.0108, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Imperial Petroleum's returns are expected to increase less than the market. However, during the bear market, the loss of holding Imperial Petroleum is expected to be smaller as well. Imperial Petroleum right now retains a risk of 0.9%. Please check out Imperial Petroleum expected short fall, and the relationship between the maximum drawdown and rate of daily change , to decide if Imperial Petroleum will be following its current trending patterns.
Auto-correlation | 0.40 |
Average predictability
Imperial Petroleum Preferred has average predictability. Overlapping area represents the amount of predictability between Imperial Petroleum time series from 26th of May 2024 to 24th of August 2024 and 24th of August 2024 to 22nd 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 Imperial Petroleum price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Imperial Petroleum price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.24 |
Imperial Petroleum lagged returns against current returns
Autocorrelation, which is Imperial Petroleum preferred 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 Imperial Petroleum's preferred stock expected returns. We can calculate the autocorrelation of Imperial Petroleum returns to help us make a trade decision. For example, suppose you find that Imperial Petroleum has exhibited high autocorrelation historically, and you observe that the preferred 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 |
Imperial 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 Imperial Petroleum preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Imperial Petroleum preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Imperial Petroleum preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Imperial Petroleum Lagged Returns
When evaluating Imperial Petroleum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Imperial Petroleum preferred stock have on its future price. Imperial 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, Imperial Petroleum autocorrelation shows the relationship between Imperial Petroleum preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Imperial Petroleum Preferred.
Regressed Prices |
| Timeline |
Pair Trading with Imperial Petroleum
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 Imperial Petroleum 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 Imperial Petroleum will appreciate offsetting losses from the drop in the long position's value.Moving together with Imperial Preferred Stock
| 0.65 | AM | Antero Midstream Partners | PairCorr |
| 0.82 | EE | Excelerate Energy | PairCorr |
| 0.66 | ET | Energy Transfer LP Aggressive Push | PairCorr |
| 0.65 | DLNG | Dynagas LNG Partners Earnings Call This Week | PairCorr |
Moving against Imperial Preferred Stock
| 0.86 | BPT | BP Prudhoe Bay | PairCorr |
| 0.62 | BROGW | Brooge Energy Limited | PairCorr |
| 0.6 | PXSAW | Pyxis Tankers | PairCorr |
| 0.59 | GEL | Genesis Energy LP | PairCorr |
| 0.49 | FRO | Frontline Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Imperial Petroleum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Imperial Petroleum 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 Imperial Petroleum - 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 Imperial Petroleum Preferred to buy it.
The correlation of Imperial Petroleum 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 Imperial Petroleum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Imperial Petroleum 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 Imperial Petroleum 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.Additional Tools for Imperial Preferred Stock Analysis
When running Imperial Petroleum's price analysis, check to measure Imperial 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 Imperial Petroleum is operating at the current time. Most of Imperial Petroleum's value examination focuses on studying past and present price action to predict the probability of Imperial 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 Imperial Petroleum's price. Additionally, you may evaluate how the addition of Imperial Petroleum to your portfolios can decrease your overall portfolio volatility.