Phx Energy Services Stock Market Value
| PHX Stock | CAD 9.92 0.16 1.64% |
| Symbol | PHX |
PHX Energy Services Price To Book Ratio
PHX 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 PHX 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 PHX Energy.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in PHX Energy on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding PHX Energy Services or generate 0.0% return on investment in PHX Energy over 720 days. PHX Energy is related to or competes with CES Energy, Total Energy, and Western Energy. PHX Energy Services Corp., through its subsidiaries, provides horizontal and directional drilling technology and service... More
PHX 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 PHX 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 PHX Energy Services upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.82 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 9.81 | |||
| Value At Risk | (2.65) | |||
| Potential Upside | 2.9 |
PHX Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PHX Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PHX Energy's standard deviation. In reality, there are many statistical measures that can use PHX Energy historical prices to predict the future PHX Energy's volatility.| Risk Adjusted Performance | 0.0218 | |||
| Jensen Alpha | 0.0054 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.1486 |
PHX Energy Services Backtested Returns
PHX Energy Services maintains Sharpe Ratio (i.e., Efficiency) of -0.0121, which implies the firm had a -0.0121% return per unit of standard deviation over the last 3 months. PHX Energy Services exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PHX Energy's Semi Deviation of 1.76, market risk adjusted performance of 0.1586, and Risk Adjusted Performance of 0.0218 to confirm the risk estimate we provide. The company holds a Beta of 0.2, which implies not very significant fluctuations relative to the market. As returns on the market increase, PHX Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding PHX Energy is expected to be smaller as well. At this point, PHX Energy Services has a negative expected return of -0.0222%. Please make sure to check PHX Energy's kurtosis, and the relationship between the downside variance and day median price , to decide if PHX Energy Services performance from the past will be repeated at some future point.
Auto-correlation | 0.38 |
Below average predictability
PHX Energy Services has below average predictability. Overlapping area represents the amount of predictability between PHX Energy time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 PHX Energy Services price movement. The serial correlation of 0.38 indicates that just about 38.0% of current PHX Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.49 |
PHX Energy Services lagged returns against current returns
Autocorrelation, which is PHX 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 PHX Energy's stock expected returns. We can calculate the autocorrelation of PHX Energy returns to help us make a trade decision. For example, suppose you find that PHX 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 |
PHX 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 PHX Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PHX Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PHX Energy stock over time.
Current vs Lagged Prices |
| Timeline |
PHX Energy Lagged Returns
When evaluating PHX Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PHX Energy stock have on its future price. PHX 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, PHX Energy autocorrelation shows the relationship between PHX Energy stock current value and its past values and can show if there is a momentum factor associated with investing in PHX Energy Services.
Regressed Prices |
| Timeline |
Other Information on Investing in PHX Stock
PHX Energy financial ratios help investors to determine whether PHX 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 PHX with respect to the benefits of owning PHX Energy security.