Reconnaissance Energy Africa Stock Market Value
| RECO Stock | CAD 0.99 0.06 6.45% |
| Symbol | Reconnaissance |
Reconnaissance Energy Price To Book Ratio
Reconnaissance 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 Reconnaissance 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 Reconnaissance Energy.
| 01/16/2024 |
| 01/05/2026 |
If you would invest 0.00 in Reconnaissance Energy on January 16, 2024 and sell it all today you would earn a total of 0.00 from holding Reconnaissance Energy Africa or generate 0.0% return on investment in Reconnaissance Energy over 720 days. Reconnaissance Energy is related to or competes with Gran Tierra, Tethys Petroleum, Source Energy, Pulse Seismic, ACT Energy, Questerre Energy, and Bonterra Energy. Reconnaissance Energy Africa Ltd., a junior oil and gas company, engages in the identification, exploration, and develop... More
Reconnaissance 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 Reconnaissance 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 Reconnaissance Energy Africa upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.23 | |||
| Information Ratio | 0.1902 | |||
| Maximum Drawdown | 45.03 | |||
| Value At Risk | (6.00) | |||
| Potential Upside | 10.59 |
Reconnaissance Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Reconnaissance Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Reconnaissance Energy's standard deviation. In reality, there are many statistical measures that can use Reconnaissance Energy historical prices to predict the future Reconnaissance Energy's volatility.| Risk Adjusted Performance | 0.1511 | |||
| Jensen Alpha | 1.24 | |||
| Total Risk Alpha | 0.7672 | |||
| Sortino Ratio | 0.2874 | |||
| Treynor Ratio | 2.13 |
Reconnaissance Energy Backtested Returns
Reconnaissance Energy is abnormally volatile given 3 months investment horizon. Reconnaissance Energy maintains Sharpe Ratio (i.e., Efficiency) of 0.2, which implies the firm had a 0.2 % return per unit of risk over the last 3 months. We were able to break down thirty different technical indicators, which can help you to evaluate if expected returns of 1.35% are justified by taking the suggested risk. Use Reconnaissance Energy Risk Adjusted Performance of 0.1511, semi deviation of 2.94, and Coefficient Of Variation of 498.64 to evaluate company specific risk that cannot be diversified away. Reconnaissance Energy holds a performance score of 16 on a scale of zero to a hundred. The company holds a Beta of 0.6, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Reconnaissance Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Reconnaissance Energy is expected to be smaller as well. Use Reconnaissance Energy semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to analyze future returns on Reconnaissance Energy.
Auto-correlation | -0.1 |
Very weak reverse predictability
Reconnaissance Energy Africa has very weak reverse predictability. Overlapping area represents the amount of predictability between Reconnaissance Energy time series from 16th of January 2024 to 10th of January 2025 and 10th of January 2025 to 5th of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Reconnaissance Energy price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Reconnaissance Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Reconnaissance Energy lagged returns against current returns
Autocorrelation, which is Reconnaissance 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 Reconnaissance Energy's stock expected returns. We can calculate the autocorrelation of Reconnaissance Energy returns to help us make a trade decision. For example, suppose you find that Reconnaissance 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 |
Reconnaissance 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 Reconnaissance Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Reconnaissance Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Reconnaissance Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Reconnaissance Energy Lagged Returns
When evaluating Reconnaissance Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Reconnaissance Energy stock have on its future price. Reconnaissance 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, Reconnaissance Energy autocorrelation shows the relationship between Reconnaissance Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Reconnaissance Energy Africa.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Reconnaissance Stock Analysis
When running Reconnaissance Energy's price analysis, check to measure Reconnaissance 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 Reconnaissance Energy is operating at the current time. Most of Reconnaissance Energy's value examination focuses on studying past and present price action to predict the probability of Reconnaissance 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 Reconnaissance Energy's price. Additionally, you may evaluate how the addition of Reconnaissance Energy to your portfolios can decrease your overall portfolio volatility.