Oil Terminal (Romania) Market Value
| OIL Stock | 0.12 0.00 0.00% |
| Symbol | Oil |
Please note, there is a significant difference between Oil Terminal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Oil Terminal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Oil Terminal'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.
Oil Terminal '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 Oil Terminal'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 Oil Terminal.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Oil Terminal on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Oil Terminal C or generate 0.0% return on investment in Oil Terminal over 360 days. More
Oil Terminal 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 Oil Terminal'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 Oil Terminal C upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 16.03 |
Oil Terminal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oil Terminal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oil Terminal's standard deviation. In reality, there are many statistical measures that can use Oil Terminal historical prices to predict the future Oil Terminal's volatility.| Risk Adjusted Performance | 0.01 | |||
| Jensen Alpha | 0.0127 | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (0.0001) |
Oil Terminal C Backtested Returns
As of now, Oil Stock is out of control. Oil Terminal C maintains Sharpe Ratio (i.e., Efficiency) of 0.007, which implies the firm had a 0.007% return per unit of risk over the last 3 months. We have found sixteen technical indicators for Oil Terminal C, which you can use to evaluate the volatility of the company. Please check Oil Terminal's Coefficient Of Variation of 14265.51, risk adjusted performance of 0.01, and Variance of 2.04 to confirm if the risk estimate we provide is consistent with the expected return of 0.01%. The company holds a Beta of -0.11, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Oil Terminal are expected to decrease at a much lower rate. During the bear market, Oil Terminal is likely to outperform the market. Oil Terminal C right now holds a risk of 1.43%. Please check Oil Terminal C variance, maximum drawdown, as well as the relationship between the Maximum Drawdown and rate of daily change , to decide if Oil Terminal C will be following its historical price patterns.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Oil Terminal C has insignificant reverse predictability. Overlapping area represents the amount of predictability between Oil Terminal time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 Oil Terminal C price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Oil Terminal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Oil Terminal C lagged returns against current returns
Autocorrelation, which is Oil Terminal 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 Oil Terminal's stock expected returns. We can calculate the autocorrelation of Oil Terminal returns to help us make a trade decision. For example, suppose you find that Oil Terminal 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 |
Oil Terminal 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 Oil Terminal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oil Terminal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oil Terminal stock over time.
Current vs Lagged Prices |
| Timeline |
Oil Terminal Lagged Returns
When evaluating Oil Terminal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oil Terminal stock have on its future price. Oil Terminal 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, Oil Terminal autocorrelation shows the relationship between Oil Terminal stock current value and its past values and can show if there is a momentum factor associated with investing in Oil Terminal C.
Regressed Prices |
| Timeline |
Pair Trading with Oil Terminal
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 Oil Terminal 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 Oil Terminal will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Oil Terminal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Oil Terminal 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 Oil Terminal - 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 Oil Terminal C to buy it.
The correlation of Oil Terminal 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 Oil Terminal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Oil Terminal C 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 Oil Terminal 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 Oil Stock
Oil Terminal financial ratios help investors to determine whether Oil 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 Oil with respect to the benefits of owning Oil Terminal security.