International Petroleum (Sweden) Market Value
| IPCO Stock | SEK 123.00 2.60 2.16% |
| Symbol | International |
International 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 International 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 International Petroleum.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in International Petroleum on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding International Petroleum or generate 0.0% return on investment in International Petroleum over 720 days. International Petroleum is related to or competes with Africa Oil, Tethys Oil, Maha Energy, and Cortus Energy. International Petroleum Corporation explores for, develops, and produces oil and gas More
International 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 International 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 International Petroleum upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 10.5 | |||
| Value At Risk | (3.72) | |||
| Potential Upside | 3.5 |
International Petroleum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for International Petroleum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as International Petroleum's standard deviation. In reality, there are many statistical measures that can use International Petroleum historical prices to predict the future International Petroleum's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.62) | |||
| Treynor Ratio | 3.69 |
International Petroleum Backtested Returns
International Petroleum holds Efficiency (Sharpe) Ratio of -0.12, which attests that the entity had a -0.12% return per unit of risk over the last 3 months. International Petroleum exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out International Petroleum's Market Risk Adjusted Performance of 3.7, risk adjusted performance of (0.09), and Standard Deviation of 2.19 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0742, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning International Petroleum are expected to decrease at a much lower rate. During the bear market, International Petroleum is likely to outperform the market. At this point, International Petroleum has a negative expected return of -0.27%. Please make sure to check out International Petroleum's skewness, accumulation distribution, and the relationship between the potential upside and kurtosis , to decide if International Petroleum performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.56 |
Good reverse predictability
International Petroleum has good reverse predictability. Overlapping area represents the amount of predictability between International Petroleum time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 International Petroleum price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current International Petroleum price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 190.28 |
International Petroleum lagged returns against current returns
Autocorrelation, which is International 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 International Petroleum's stock expected returns. We can calculate the autocorrelation of International Petroleum returns to help us make a trade decision. For example, suppose you find that International 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 |
| Timeline |
International 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 International Petroleum stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if International Petroleum stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in International Petroleum stock over time.
Current vs Lagged Prices |
| Timeline |
International Petroleum Lagged Returns
When evaluating International Petroleum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of International Petroleum stock have on its future price. International 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, International Petroleum autocorrelation shows the relationship between International Petroleum stock current value and its past values and can show if there is a momentum factor associated with investing in International Petroleum.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for International Stock Analysis
When running International Petroleum's price analysis, check to measure International 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 International Petroleum is operating at the current time. Most of International Petroleum's value examination focuses on studying past and present price action to predict the probability of International 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 International Petroleum's price. Additionally, you may evaluate how the addition of International Petroleum to your portfolios can decrease your overall portfolio volatility.