Permex Petroleum Stock Market Value
| OILCF Stock | USD 2.53 0.01 0.39% |
| Symbol | Permex |
Permex Petroleum '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 Permex Petroleum'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 Permex Petroleum.
| 02/07/2025 |
| 03/09/2025 |
If you would invest 0.00 in Permex Petroleum on February 7, 2025 and sell it all today you would earn a total of 0.00 from holding Permex Petroleum or generate 0.0% return on investment in Permex Petroleum over 30 days. Permex Petroleum is related to or competes with Baytex Energy, ShaMaran Petroleum, PetroShale, Saturn Oil, Horizon Oil, San Leon, and Enwell Energy. Permex Petroleum Corporation, a junior oil and gas company, engages in the acquisition, development, and production of o... More
Permex Petroleum 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 Permex Petroleum'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 Permex Petroleum upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 37.54 | |||
| Information Ratio | 0.1494 | |||
| Maximum Drawdown | 1080.45 | |||
| Value At Risk | (5.93) | |||
| Potential Upside | 24.26 |
Permex Petroleum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Permex Petroleum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Permex Petroleum's standard deviation. In reality, there are many statistical measures that can use Permex Petroleum historical prices to predict the future Permex Petroleum's volatility.| Risk Adjusted Performance | 0.1278 | |||
| Jensen Alpha | 19.16 | |||
| Total Risk Alpha | 31.78 | |||
| Sortino Ratio | 0.5182 | |||
| Treynor Ratio | (6.90) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Permex Petroleum'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.
Permex Petroleum Backtested Returns
Permex Petroleum is out of control given 3 months investment horizon. Permex Petroleum maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies the firm had a 0.15 % return per unit of risk over the last 3 months. We were able to break down twenty-seven different technical indicators, which can help you to evaluate if expected returns of 19.38% are justified by taking the suggested risk. Use Permex Petroleum Coefficient Of Variation of 671.62, risk adjusted performance of 0.1278, and Semi Deviation of 10.17 to evaluate company specific risk that cannot be diversified away. Permex Petroleum holds a performance score of 11 on a scale of zero to a hundred. The company holds a Beta of -2.81, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Permex Petroleum are expected to decrease by larger amounts. On the other hand, during market turmoil, Permex Petroleum is expected to outperform it. Use Permex Petroleum maximum drawdown, skewness, price action indicator, as well as the relationship between the downside variance and rate of daily change , to analyze future returns on Permex Petroleum.
Auto-correlation | 0.00 |
No correlation between past and present
Permex Petroleum has no correlation between past and present. Overlapping area represents the amount of predictability between Permex Petroleum time series from 7th of February 2025 to 22nd of February 2025 and 22nd of February 2025 to 9th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Permex Petroleum price movement. The serial correlation of 0.0 indicates that just 0.0% of current Permex Petroleum price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Permex Petroleum lagged returns against current returns
Autocorrelation, which is Permex Petroleum 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 Permex Petroleum's pink sheet expected returns. We can calculate the autocorrelation of Permex Petroleum returns to help us make a trade decision. For example, suppose you find that Permex Petroleum 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 |
Permex Petroleum 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 Permex Petroleum pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Permex Petroleum pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Permex Petroleum pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Permex Petroleum Lagged Returns
When evaluating Permex Petroleum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Permex Petroleum pink sheet have on its future price. Permex Petroleum 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, Permex Petroleum autocorrelation shows the relationship between Permex Petroleum pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Permex Petroleum.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Permex Pink Sheet
Permex Petroleum financial ratios help investors to determine whether Permex 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 Permex with respect to the benefits of owning Permex Petroleum security.