Meg Energy Corp Stock Market Value
| MEGEF Stock | USD 17.60 0.96 5.17% |
| Symbol | MEG |
MEG 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 MEG 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 MEG Energy.
| 02/01/2024 |
| 11/27/2024 |
If you would invest 0.00 in MEG Energy on February 1, 2024 and sell it all today you would earn a total of 0.00 from holding MEG Energy Corp or generate 0.0% return on investment in MEG Energy over 300 days. MEG Energy is related to or competes with Gear Energy, Tamarack Valley, Cardinal Energy, Whitecap Resources, Spartan Delta, Yangarra Resources, and Kelt Exploration. MEG Energy Corp., an energy company, focuses on sustainable in situ thermal oil production in the southern Athabasca oil... More
MEG 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 MEG 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 MEG Energy Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 8.9 | |||
| Value At Risk | (3.96) | |||
| Potential Upside | 3.98 |
MEG Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MEG Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MEG Energy's standard deviation. In reality, there are many statistical measures that can use MEG Energy historical prices to predict the future MEG Energy's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | (0.56) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of MEG Energy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
MEG Energy Corp Backtested Returns
MEG Energy Corp has Sharpe Ratio of -0.0819, which conveys that the firm had a -0.0819% return per unit of risk over the last 3 months. MEG Energy exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MEG Energy's mean deviation of 1.82, and Risk Adjusted Performance of (0.07) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.4, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, MEG Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding MEG Energy is expected to be smaller as well. At this point, MEG Energy Corp has a negative expected return of -0.19%. Please make sure to verify MEG Energy's kurtosis, market facilitation index, and the relationship between the value at risk and rate of daily change , to decide if MEG Energy Corp performance from the past will be repeated in the future.
Auto-correlation | -0.42 |
Modest reverse predictability
MEG Energy Corp has modest reverse predictability. Overlapping area represents the amount of predictability between MEG Energy time series from 1st of February 2024 to 30th of June 2024 and 30th of June 2024 to 27th 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 MEG Energy Corp price movement. The serial correlation of -0.42 indicates that just about 42.0% of current MEG Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 1.04 |
MEG Energy Corp lagged returns against current returns
Autocorrelation, which is MEG 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 MEG Energy's pink sheet expected returns. We can calculate the autocorrelation of MEG Energy returns to help us make a trade decision. For example, suppose you find that MEG 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 |
MEG 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 MEG Energy pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MEG 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 MEG Energy pink sheet over time.
Current vs Lagged Prices |
| Timeline |
MEG Energy Lagged Returns
When evaluating MEG Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MEG Energy pink sheet have on its future price. MEG 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, MEG Energy autocorrelation shows the relationship between MEG Energy pink sheet current value and its past values and can show if there is a momentum factor associated with investing in MEG Energy Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in MEG Pink Sheet
MEG Energy financial ratios help investors to determine whether MEG 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 MEG with respect to the benefits of owning MEG Energy security.