Phx Energy Services Stock Market Value
| PHXHF Stock | USD 6.87 0.10 1.48% |
| Symbol | PHX |
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 otc 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.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in PHX Energy on December 4, 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 Archer, Cathedral Energy, Noble Plc, Borr Drilling, Patterson UTI, Nabors Industries, and Seadrill. PHX Energy Services Corp. provides horizontal and directional drilling technology and services to oil and natural gas ex... 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 otc 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.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 10.19 | |||
| Value At Risk | (3.41) | |||
| Potential Upside | 3.46 |
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 | (0.01) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | (0.15) |
PHX Energy Services Backtested Returns
PHX Energy Services maintains Sharpe Ratio (i.e., Efficiency) of -0.0771, which implies the firm had a -0.0771% return per unit of standard deviation over the last 3 months. PHX Energy Services exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PHX Energy's Coefficient Of Variation of (4,360), risk adjusted performance of (0.01), and Market Risk Adjusted Performance of (0.14) to confirm the risk estimate we provide. The company holds a Beta of 0.39, which implies possible diversification benefits within a given portfolio. 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 -0.16%. Please make sure to check PHX Energy's potential upside, rate of daily change, as well as the relationship between the Rate Of Daily Change and period momentum indicator , to decide if PHX Energy Services performance from the past will be repeated at some future point.
Auto-correlation | -0.02 |
Very weak reverse predictability
PHX Energy Services has very weak reverse predictability. Overlapping area represents the amount of predictability between PHX Energy time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 to 23rd 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 -0.02 indicates that only 2.0% of current PHX Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
PHX Energy Services lagged returns against current returns
Autocorrelation, which is PHX Energy otc 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 otc 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 otc 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 otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PHX Energy otc 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 otc 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 otc 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 otc 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 |
Currently Active Assets on Macroaxis
Other Information on Investing in PHX OTC Stock
PHX Energy financial ratios help investors to determine whether PHX OTC 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.