Obsidian Energy Stock Market Value
| OBE Stock | USD 5.76 0.12 2.04% |
| Symbol | Obsidian |
Obsidian Energy Price To Book Ratio
Is Oil & Gas Exploration & Production 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 Obsidian Energy. If investors know Obsidian 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 Obsidian 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 0.4 | Earnings Share 1.02 | Revenue Per Share 9.012 | Quarterly Revenue Growth 0.075 | Return On Assets 0.0519 |
The market value of Obsidian Energy is measured differently than its book value, which is the value of Obsidian that is recorded on the company's balance sheet. Investors also form their own opinion of Obsidian Energy's value that differs from its market value or its book value, called intrinsic value, which is Obsidian 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 Obsidian Energy's market value can be influenced by many factors that don't directly affect Obsidian 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 Obsidian Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Obsidian Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Obsidian 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.
Obsidian 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 Obsidian 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 Obsidian Energy.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Obsidian Energy on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Obsidian Energy or generate 0.0% return on investment in Obsidian Energy over 30 days. Obsidian Energy is related to or competes with Devon Energy, ConocoPhillips, Occidental Petroleum, Permian Resources, EOG Resources, Coterra Energy, and Range Resources. Obsidian Energy Ltd. primarily focuses on the exploration, production, and development of oil and natural gas properties... More
Obsidian 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 Obsidian 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 Obsidian Energy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 13.07 | |||
| Value At Risk | (4.26) | |||
| Potential Upside | 3.76 |
Obsidian Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Obsidian Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Obsidian Energy's standard deviation. In reality, there are many statistical measures that can use Obsidian Energy historical prices to predict the future Obsidian Energy's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.62) | |||
| Treynor Ratio | (0.26) |
Obsidian Energy Backtested Returns
Obsidian Energy maintains Sharpe Ratio (i.e., Efficiency) of -0.0951, which implies the firm had a -0.0951% return per unit of risk over the last 3 months. Obsidian Energy exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Obsidian Energy's Coefficient Of Variation of (1,744), variance of 8.04, and Risk Adjusted Performance of (0.04) to confirm the risk estimate we provide. The company holds a Beta of 0.66, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Obsidian Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Obsidian Energy is expected to be smaller as well. At this point, Obsidian Energy has a negative expected return of -0.27%. Please make sure to check Obsidian Energy's daily balance of power, and the relationship between the skewness and day typical price , to decide if Obsidian Energy performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.59 |
Modest predictability
Obsidian Energy has modest predictability. Overlapping area represents the amount of predictability between Obsidian 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 Obsidian Energy price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Obsidian Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Obsidian Energy lagged returns against current returns
Autocorrelation, which is Obsidian 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 Obsidian Energy's stock expected returns. We can calculate the autocorrelation of Obsidian Energy returns to help us make a trade decision. For example, suppose you find that Obsidian 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 |
Obsidian 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 Obsidian Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Obsidian Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Obsidian Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Obsidian Energy Lagged Returns
When evaluating Obsidian Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Obsidian Energy stock have on its future price. Obsidian 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, Obsidian Energy autocorrelation shows the relationship between Obsidian Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Obsidian Energy.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Obsidian Energy is a strong investment it is important to analyze Obsidian Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Obsidian Energy's future performance. For an informed investment choice regarding Obsidian Stock, refer to the following important reports:Check out Obsidian Energy Correlation, Obsidian Energy Volatility and Obsidian Energy Alpha and Beta module to complement your research on Obsidian Energy. For information on how to trade Obsidian Stock refer to our How to Trade Obsidian Stock guide.You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Obsidian 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.