Ngl Energy Partners Stock Market Value
| NGL Stock | USD 4.58 0.14 3.15% |
| Symbol | NGL |
NGL Energy Partners Price To Book Ratio
Is Oil & Gas Storage & Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NGL Energy. If investors know NGL will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NGL Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.60) | Earnings Share (2.34) | Revenue Per Share 50.855 | Quarterly Revenue Growth (0.14) | Return On Assets 0.0357 |
The market value of NGL Energy Partners is measured differently than its book value, which is the value of NGL that is recorded on the company's balance sheet. Investors also form their own opinion of NGL Energy's value that differs from its market value or its book value, called intrinsic value, which is NGL Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NGL Energy's market value can be influenced by many factors that don't directly affect NGL Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NGL Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if NGL Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NGL Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
NGL 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 NGL Energy'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 NGL Energy.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in NGL Energy on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding NGL Energy Partners or generate 0.0% return on investment in NGL Energy over 30 days. NGL Energy is related to or competes with NGL Energy, Dynagas LNG, Martin Midstream, Kinetik Holdings, Genesis Energy, Brooge Holdings, and NGL Energy. NGL Energy Partners LP engages in the transportation, storage, blending, and marketing of crude oil, natural gas liquids... More
NGL 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 NGL Energy'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 NGL Energy Partners upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.72 | |||
| Information Ratio | 1.0E-4 | |||
| Maximum Drawdown | 15.33 | |||
| Value At Risk | (4.00) | |||
| Potential Upside | 4.84 |
NGL Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NGL Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NGL Energy's standard deviation. In reality, there are many statistical measures that can use NGL Energy historical prices to predict the future NGL Energy's volatility.| Risk Adjusted Performance | 0.0416 | |||
| Jensen Alpha | 0.0735 | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | 1.0E-4 | |||
| Treynor Ratio | 0.311 |
NGL Energy Partners Backtested Returns
NGL Energy appears to be moderately volatile, given 3 months investment horizon. NGL Energy Partners has Sharpe Ratio of 0.0756, which conveys that the firm had a 0.0756% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for NGL Energy, which you can use to evaluate the volatility of the firm. Please exercise NGL Energy's mean deviation of 2.16, and Risk Adjusted Performance of 0.0416 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NGL Energy holds a performance score of 5. The company secures a Beta (Market Risk) of 0.38, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, NGL Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding NGL Energy is expected to be smaller as well. Please check NGL Energy's semi variance, and the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether NGL Energy's current price movements will revert.
Auto-correlation | 0.67 |
Good predictability
NGL Energy Partners has good predictability. Overlapping area represents the amount of predictability between NGL Energy time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 NGL Energy Partners price movement. The serial correlation of 0.67 indicates that around 67.0% of current NGL Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
NGL Energy Partners lagged returns against current returns
Autocorrelation, which is NGL Energy 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 NGL Energy's stock expected returns. We can calculate the autocorrelation of NGL Energy returns to help us make a trade decision. For example, suppose you find that NGL Energy 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 |
NGL 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 NGL Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NGL Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NGL Energy stock over time.
Current vs Lagged Prices |
| Timeline |
NGL Energy Lagged Returns
When evaluating NGL Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NGL Energy stock have on its future price. NGL 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, NGL Energy autocorrelation shows the relationship between NGL Energy stock current value and its past values and can show if there is a momentum factor associated with investing in NGL Energy Partners.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out NGL Energy Correlation, NGL Energy Volatility and NGL Energy Alpha and Beta module to complement your research on NGL Energy. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
NGL Energy technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.