Inpex Stock Market Value
| IPXHF Stock | USD 12.05 1.00 7.66% |
| Symbol | Inpex |
Inpex '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 Inpex's pink sheet 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 Inpex.
| 05/05/2023 |
| 11/25/2024 |
If you would invest 0.00 in Inpex on May 5, 2023 and sell it all today you would earn a total of 0.00 from holding Inpex or generate 0.0% return on investment in Inpex over 570 days. Inpex is related to or competes with Copa Holdings, United Airlines, Delta Air, SkyWest, and Allegiant Travel. Inpex Corporation engages in the research, exploration, development, production, and sale of oil, natural gas, and other... More
Inpex 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 Inpex's pink sheet 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 Inpex upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 21.17 | |||
| Value At Risk | (4.75) | |||
| Potential Upside | 2.23 |
Inpex Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Inpex's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Inpex's standard deviation. In reality, there are many statistical measures that can use Inpex historical prices to predict the future Inpex's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.76) | |||
| Treynor Ratio | 2.62 |
Inpex Backtested Returns
Inpex holds Efficiency (Sharpe) Ratio of -0.13, which attests that the entity had a -0.13% return per unit of risk over the last 3 months. Inpex exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Inpex's Standard Deviation of 2.67, market risk adjusted performance of 2.63, and Risk Adjusted Performance of (0.09) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.13, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Inpex are expected to decrease at a much lower rate. During the bear market, Inpex is likely to outperform the market. At this point, Inpex has a negative expected return of -0.34%. Please make sure to check out Inpex's potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Inpex performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.46 |
Average predictability
Inpex has average predictability. Overlapping area represents the amount of predictability between Inpex time series from 5th of May 2023 to 14th of February 2024 and 14th of February 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 Inpex price movement. The serial correlation of 0.46 indicates that about 46.0% of current Inpex price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.99 |
Inpex lagged returns against current returns
Autocorrelation, which is Inpex pink sheet'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 Inpex's pink sheet expected returns. We can calculate the autocorrelation of Inpex returns to help us make a trade decision. For example, suppose you find that Inpex has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Inpex 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 Inpex pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Inpex pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Inpex pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Inpex Lagged Returns
When evaluating Inpex's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Inpex pink sheet have on its future price. Inpex 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, Inpex autocorrelation shows the relationship between Inpex pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Inpex.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Inpex Pink Sheet
Inpex financial ratios help investors to determine whether Inpex Pink Sheet 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 Inpex with respect to the benefits of owning Inpex security.