Interoil Exploration (Norway) Market Value
| IOX Stock | NOK 2.99 0.47 18.65% |
| Symbol | Interoil |
Interoil Exploration '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 Interoil Exploration'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 Interoil Exploration.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Interoil Exploration on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Interoil Exploration and or generate 0.0% return on investment in Interoil Exploration over 720 days. Interoil Exploration is related to or competes with Questerre Energy, Dno ASA, Panoro Energy, Solstad Offsho, and Havila Shipping. Interoil Exploration and Production ASA, together with its subsidiaries, operates as an upstream oil exploration and pro... More
Interoil Exploration 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 Interoil Exploration'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 Interoil Exploration and upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.83 | |||
| Information Ratio | 0.0245 | |||
| Maximum Drawdown | 38.43 | |||
| Value At Risk | (9.79) | |||
| Potential Upside | 11.11 |
Interoil Exploration Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Interoil Exploration's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Interoil Exploration's standard deviation. In reality, there are many statistical measures that can use Interoil Exploration historical prices to predict the future Interoil Exploration's volatility.| Risk Adjusted Performance | 0.0415 | |||
| Jensen Alpha | 0.2613 | |||
| Total Risk Alpha | (0.96) | |||
| Sortino Ratio | 0.0238 | |||
| Treynor Ratio | 0.757 |
Interoil Exploration and Backtested Returns
Interoil Exploration appears to be dangerous, given 3 months investment horizon. Interoil Exploration and 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. By evaluating Interoil Exploration's technical indicators, you can evaluate if the expected return of 0.77% is justified by implied risk. Please utilize Interoil Exploration's Downside Deviation of 7.83, market risk adjusted performance of 0.767, and Risk Adjusted Performance of 0.0415 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Interoil Exploration holds a performance score of 8. The company retains a Market Volatility (i.e., Beta) of 0.42, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Interoil Exploration's returns are expected to increase less than the market. However, during the bear market, the loss of holding Interoil Exploration is expected to be smaller as well. Please check Interoil Exploration's skewness, day typical price, and the relationship between the downside variance and daily balance of power , to make a quick decision on whether Interoil Exploration's current trending patterns will revert.
Auto-correlation | 0.28 |
Poor predictability
Interoil Exploration and has poor predictability. Overlapping area represents the amount of predictability between Interoil Exploration time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 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 Interoil Exploration and price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Interoil Exploration price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 2.93 |
Interoil Exploration and lagged returns against current returns
Autocorrelation, which is Interoil Exploration 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 Interoil Exploration's stock expected returns. We can calculate the autocorrelation of Interoil Exploration returns to help us make a trade decision. For example, suppose you find that Interoil Exploration 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 |
Interoil Exploration 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 Interoil Exploration stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Interoil Exploration stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Interoil Exploration stock over time.
Current vs Lagged Prices |
| Timeline |
Interoil Exploration Lagged Returns
When evaluating Interoil Exploration's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Interoil Exploration stock have on its future price. Interoil Exploration 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, Interoil Exploration autocorrelation shows the relationship between Interoil Exploration stock current value and its past values and can show if there is a momentum factor associated with investing in Interoil Exploration and.
Regressed Prices |
| Timeline |
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Interoil Exploration financial ratios help investors to determine whether Interoil 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 Interoil with respect to the benefits of owning Interoil Exploration security.