CNOOC (Germany) Market Value
| NC2B Stock | EUR 2.18 0.00 0.00% |
| Symbol | CNOOC |
CNOOC '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 CNOOC'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 CNOOC.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in CNOOC on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding CNOOC or generate 0.0% return on investment in CNOOC over 180 days. CNOOC is related to or competes with Lion One, MCEWEN MINING, Spirent Communications, United Internet, Evolution Mining, and Consolidated Communications. CNOOC Limited, an investment holding company, explores for, develops, produces, and sells crude oil, natural gas, and ot... More
CNOOC 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 CNOOC'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 CNOOC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.47 | |||
| Information Ratio | 0.0741 | |||
| Maximum Drawdown | 51.3 | |||
| Value At Risk | (4.42) | |||
| Potential Upside | 4.59 |
CNOOC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CNOOC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CNOOC's standard deviation. In reality, there are many statistical measures that can use CNOOC historical prices to predict the future CNOOC's volatility.| Risk Adjusted Performance | 0.0827 | |||
| Jensen Alpha | 0.5956 | |||
| Total Risk Alpha | (0.44) | |||
| Sortino Ratio | 0.1299 | |||
| Treynor Ratio | (4.21) |
CNOOC Backtested Returns
CNOOC appears to be dangerous, given 3 months investment horizon. CNOOC secures Sharpe Ratio (or Efficiency) of 0.1, which signifies that the company had a 0.1% return per unit of risk over the last 3 months. By reviewing CNOOC's technical indicators, you can evaluate if the expected return of 0.64% is justified by implied risk. Please makes use of CNOOC's mean deviation of 2.31, and Risk Adjusted Performance of 0.0827 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CNOOC holds a performance score of 8. The firm shows a Beta (market volatility) of -0.14, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CNOOC are expected to decrease at a much lower rate. During the bear market, CNOOC is likely to outperform the market. Please check CNOOC's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether CNOOC's price patterns will revert.
Auto-correlation | 0.74 |
Good predictability
CNOOC has good predictability. Overlapping area represents the amount of predictability between CNOOC time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd of December 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 CNOOC price movement. The serial correlation of 0.74 indicates that around 74.0% of current CNOOC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
CNOOC lagged returns against current returns
Autocorrelation, which is CNOOC 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 CNOOC's stock expected returns. We can calculate the autocorrelation of CNOOC returns to help us make a trade decision. For example, suppose you find that CNOOC 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 |
CNOOC 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 CNOOC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CNOOC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CNOOC stock over time.
Current vs Lagged Prices |
| Timeline |
CNOOC Lagged Returns
When evaluating CNOOC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CNOOC stock have on its future price. CNOOC 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, CNOOC autocorrelation shows the relationship between CNOOC stock current value and its past values and can show if there is a momentum factor associated with investing in CNOOC.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in CNOOC Stock
CNOOC financial ratios help investors to determine whether CNOOC 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 CNOOC with respect to the benefits of owning CNOOC security.