Kodiak Energy Stock Market Value
Kodiak Energy's market value is the price at which a share of Kodiak Energy trades on a public exchange. It measures the collective expectations of Kodiak Energy investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of Kodiak Energy and determine expected loss or profit from investing in Kodiak Energy over a given investment horizon. Check out Kodiak Energy Correlation, Kodiak Energy Volatility and Kodiak Energy Alpha and Beta module to complement your research on Kodiak Energy.
| Symbol | Kodiak |
Kodiak Energy '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 Kodiak Energy'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 Kodiak Energy.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Kodiak Energy on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Kodiak Energy or generate 0.0% return on investment in Kodiak Energy over 30 days. Kodiak Energy is related to or competes with Vital Energy, SM Energy, Permian Resources, Matador Resources, Obsidian Energy, Coterra Energy, and Occidental Petroleum. Kodiak Energy Inc., together with its subsidiaries, explores for, develops, produces, and sells oil and natural gas in t... More
Kodiak Energy 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 Kodiak Energy'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 Kodiak Energy upside and downside potential and time the market with a certain degree of confidence.
Kodiak Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kodiak Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kodiak Energy's standard deviation. In reality, there are many statistical measures that can use Kodiak Energy historical prices to predict the future Kodiak Energy's volatility.Kodiak Energy Backtested Returns
We have found zero technical indicators for Kodiak Energy, which you can use to evaluate the volatility of the firm. The company secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and Kodiak Energy are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Kodiak Energy has no correlation between past and present. Overlapping area represents the amount of predictability between Kodiak Energy time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Kodiak Energy price movement. The serial correlation of 0.0 indicates that just 0.0% of current Kodiak Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Kodiak Energy lagged returns against current returns
Autocorrelation, which is Kodiak Energy 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 Kodiak Energy's pink sheet expected returns. We can calculate the autocorrelation of Kodiak Energy returns to help us make a trade decision. For example, suppose you find that Kodiak Energy 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 |
Kodiak Energy 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 Kodiak Energy pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kodiak Energy pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kodiak Energy pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Kodiak Energy Lagged Returns
When evaluating Kodiak Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kodiak Energy pink sheet have on its future price. Kodiak Energy 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, Kodiak Energy autocorrelation shows the relationship between Kodiak Energy pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Kodiak Energy.
Regressed Prices |
| Timeline |
Pair Trading with Kodiak Energy
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 Kodiak Energy 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 Kodiak Energy will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Kodiak Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kodiak Energy 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 Kodiak Energy - 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 Kodiak Energy to buy it.
The correlation of Kodiak Energy 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 Kodiak Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kodiak Energy 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 Kodiak Energy 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 Kodiak Pink Sheet
Kodiak Energy financial ratios help investors to determine whether Kodiak 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 Kodiak with respect to the benefits of owning Kodiak Energy security.