Inplay Oil Corp Stock Market Value
| IPO Stock | CAD 1.80 0.03 1.64% |
| Symbol | InPlay |
InPlay Oil Corp Price To Book Ratio
InPlay 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 InPlay Oil'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 InPlay Oil.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in InPlay Oil on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding InPlay Oil Corp or generate 0.0% return on investment in InPlay Oil over 30 days. InPlay Oil is related to or competes with Gear Energy, Journey Energy, Yangarra Resources, Obsidian Energy, and Pine Cliff. InPlay Oil Corp. engages in the acquisition, exploration, development, and production oil and natural gas properties in ... More
InPlay 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 InPlay Oil'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 InPlay Oil Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 8.86 | |||
| Value At Risk | (3.76) | |||
| Potential Upside | 3.45 |
InPlay Oil Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for InPlay Oil's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as InPlay Oil's standard deviation. In reality, there are many statistical measures that can use InPlay Oil historical prices to predict the future InPlay Oil's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | (0.64) |
InPlay Oil Corp Backtested Returns
InPlay Oil Corp holds Efficiency (Sharpe) Ratio of -0.13, which attests that the entity had a -0.13% return per unit of volatility over the last 3 months. InPlay Oil Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out InPlay Oil's market risk adjusted performance of (0.63), and Risk Adjusted Performance of (0.08) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.36, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, InPlay Oil's returns are expected to increase less than the market. However, during the bear market, the loss of holding InPlay Oil is expected to be smaller as well. At this point, InPlay Oil Corp has a negative expected return of -0.25%. Please make sure to check out InPlay Oil's potential upside, as well as the relationship between the daily balance of power and price action indicator , to decide if InPlay Oil Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.61 |
Very good reverse predictability
InPlay Oil Corp has very good reverse predictability. Overlapping area represents the amount of predictability between InPlay Oil time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 InPlay Oil Corp price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current InPlay Oil price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
InPlay Oil Corp lagged returns against current returns
Autocorrelation, which is InPlay Oil 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 InPlay Oil's stock expected returns. We can calculate the autocorrelation of InPlay Oil returns to help us make a trade decision. For example, suppose you find that InPlay Oil 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 |
InPlay 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 InPlay Oil stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if InPlay Oil stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in InPlay Oil stock over time.
Current vs Lagged Prices |
| Timeline |
InPlay Oil Lagged Returns
When evaluating InPlay Oil's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of InPlay Oil stock have on its future price. InPlay 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, InPlay Oil autocorrelation shows the relationship between InPlay Oil stock current value and its past values and can show if there is a momentum factor associated with investing in InPlay Oil Corp.
Regressed Prices |
| Timeline |
Pair Trading with InPlay Oil
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 InPlay Oil 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 InPlay Oil will appreciate offsetting losses from the drop in the long position's value.Moving against InPlay Stock
| 0.86 | FFH | Fairfax Financial | PairCorr |
| 0.79 | FFH-PC | Fairfax Fin Hld | PairCorr |
| 0.77 | ENS | E Split Corp | PairCorr |
| 0.76 | ENS-PA | E Split Corp | PairCorr |
| 0.71 | ENB-PFV | Enbridge Pref 5 | PairCorr |
The ability to find closely correlated positions to InPlay Oil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace InPlay Oil 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 InPlay Oil - 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 InPlay Oil Corp to buy it.
The correlation of InPlay Oil 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 InPlay Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if InPlay Oil Corp 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 InPlay Oil 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.Other Information on Investing in InPlay Stock
InPlay Oil financial ratios help investors to determine whether InPlay 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 InPlay with respect to the benefits of owning InPlay Oil security.