Spindletop Og Stock Market Value
| SPND Stock | USD 2.60 0.10 3.70% |
| Symbol | Spindletop |
Spindletop '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 Spindletop'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 Spindletop.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Spindletop on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Spindletop OG or generate 0.0% return on investment in Spindletop over 30 days. Spindletop is related to or competes with Petroleo Brasileiro, Equinor ASA, Eni SPA, YPF Sociedad, Ecopetrol, BP PLC, and Shell PLC. Spindletop Oil Gas Co., an independent oil and gas company, engages in the acquisition, exploration, development, and pr... More
Spindletop 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 Spindletop'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 Spindletop OG upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 36.22 | |||
| Value At Risk | (9.40) | |||
| Potential Upside | 3.78 |
Spindletop Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Spindletop's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Spindletop's standard deviation. In reality, there are many statistical measures that can use Spindletop historical prices to predict the future Spindletop's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.48) | |||
| Total Risk Alpha | (1.23) | |||
| Treynor Ratio | 1.13 |
Spindletop OG Backtested Returns
Spindletop OG owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the firm had a -0.12% return per unit of risk over the last 3 months. Spindletop OG exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Spindletop's Coefficient Of Variation of (875.68), variance of 21.13, and Risk Adjusted Performance of (0.08) to confirm the risk estimate we provide. The entity has a beta of -0.47, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Spindletop are expected to decrease at a much lower rate. During the bear market, Spindletop is likely to outperform the market. At this point, Spindletop OG has a negative expected return of -0.55%. Please make sure to validate Spindletop's treynor ratio, as well as the relationship between the daily balance of power and price action indicator , to decide if Spindletop OG performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.08 |
Virtually no predictability
Spindletop OG has virtually no predictability. Overlapping area represents the amount of predictability between Spindletop time series from 30th of October 2024 to 14th of November 2024 and 14th of November 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 Spindletop OG price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Spindletop price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.32 |
Spindletop OG lagged returns against current returns
Autocorrelation, which is Spindletop 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 Spindletop's pink sheet expected returns. We can calculate the autocorrelation of Spindletop returns to help us make a trade decision. For example, suppose you find that Spindletop 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 |
Spindletop 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 Spindletop pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Spindletop pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Spindletop pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Spindletop Lagged Returns
When evaluating Spindletop's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Spindletop pink sheet have on its future price. Spindletop 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, Spindletop autocorrelation shows the relationship between Spindletop pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Spindletop OG.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Spindletop Pink Sheet
Spindletop financial ratios help investors to determine whether Spindletop 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 Spindletop with respect to the benefits of owning Spindletop security.