Cgx Energy Stock Market Value
| OYL Stock | CAD 0.20 0.01 4.76% |
| Symbol | CGX |
CGX Energy Price To Book Ratio
CGX 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 CGX 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 CGX Energy.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in CGX Energy on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding CGX Energy or generate 0.0% return on investment in CGX Energy over 90 days. CGX Energy is related to or competes with Data Communications, Arbor Metals, Intact Financial, Rocky Mountain, and Rubicon Organics. CGX Energy Inc., an oil and gas exploration company, explores and evaluates petroleum and natural gas properties in Guya... More
CGX 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 CGX 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 CGX Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.45 | |||
| Information Ratio | 0.0867 | |||
| Maximum Drawdown | 56.67 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 14.29 |
CGX Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CGX Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CGX Energy's standard deviation. In reality, there are many statistical measures that can use CGX Energy historical prices to predict the future CGX Energy's volatility.| Risk Adjusted Performance | 0.0867 | |||
| Jensen Alpha | 0.5039 | |||
| Total Risk Alpha | (0.43) | |||
| Sortino Ratio | 0.0784 | |||
| Treynor Ratio | 0.2804 |
CGX Energy Backtested Returns
CGX Energy is out of control given 3 months investment horizon. CGX Energy secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of volatility over the last 3 months. We were able to interpolate thirty different technical indicators, which can help you to evaluate if expected returns of 1.02% are justified by taking the suggested risk. Use CGX Energy mean deviation of 5.19, and Risk Adjusted Performance of 0.0867 to evaluate company specific risk that cannot be diversified away. CGX Energy holds a performance score of 9 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 3.05, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, CGX Energy will likely underperform. Use CGX Energy downside variance and the relationship between the kurtosis and period momentum indicator , to analyze future returns on CGX Energy.
Auto-correlation | -0.02 |
Very weak reverse predictability
CGX Energy has very weak reverse predictability. Overlapping area represents the amount of predictability between CGX Energy time series from 31st of August 2024 to 15th of October 2024 and 15th of October 2024 to 29th 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 CGX Energy price movement. The serial correlation of -0.02 indicates that only 2.0% of current CGX Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CGX Energy lagged returns against current returns
Autocorrelation, which is CGX 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 CGX Energy's stock expected returns. We can calculate the autocorrelation of CGX Energy returns to help us make a trade decision. For example, suppose you find that CGX 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 |
CGX 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 CGX Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CGX Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CGX Energy stock over time.
Current vs Lagged Prices |
| Timeline |
CGX Energy Lagged Returns
When evaluating CGX Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CGX Energy stock have on its future price. CGX 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, CGX Energy autocorrelation shows the relationship between CGX Energy stock current value and its past values and can show if there is a momentum factor associated with investing in CGX Energy.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for CGX Stock Analysis
When running CGX Energy's price analysis, check to measure CGX Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CGX Energy is operating at the current time. Most of CGX Energy's value examination focuses on studying past and present price action to predict the probability of CGX Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CGX Energy's price. Additionally, you may evaluate how the addition of CGX Energy to your portfolios can decrease your overall portfolio volatility.