Berry Petroleum 7 Market Value
| 08580BAA4 | 99.07 0.65 0.65% |
| Symbol | Berry |
Berry '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 Berry's bond 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 Berry.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in Berry on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding Berry Petroleum 7 or generate 0.0% return on investment in Berry over 180 days. Berry is related to or competes with 00108WAF7, 90331HPL1, Nasdaq, Vertiv Holdings, American Express, Intel, and Pfizer. More
Berry 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 Berry's bond 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 Berry Petroleum 7 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.44 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 8.5 | |||
| Value At Risk | (0.60) | |||
| Potential Upside | 1.75 |
Berry Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Berry's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Berry's standard deviation. In reality, there are many statistical measures that can use Berry historical prices to predict the future Berry's volatility.| Risk Adjusted Performance | 0.006 | |||
| Jensen Alpha | 0.007 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.0575 |
Berry Petroleum 7 Backtested Returns
Berry Petroleum 7 secures Sharpe Ratio (or Efficiency) of -0.0066, which signifies that the bond had a -0.0066% return per unit of risk over the last 3 months. Berry Petroleum 7 exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Berry's Downside Deviation of 1.44, risk adjusted performance of 0.006, and Mean Deviation of 0.6017 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Berry are expected to decrease at a much lower rate. During the bear market, Berry is likely to outperform the market.
Auto-correlation | 0.12 |
Insignificant predictability
Berry Petroleum 7 has insignificant predictability. Overlapping area represents the amount of predictability between Berry time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th 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 Berry Petroleum 7 price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Berry price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.82 |
Berry Petroleum 7 lagged returns against current returns
Autocorrelation, which is Berry bond'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 Berry's bond expected returns. We can calculate the autocorrelation of Berry returns to help us make a trade decision. For example, suppose you find that Berry has exhibited high autocorrelation historically, and you observe that the bond 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 |
Berry 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 Berry bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Berry bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Berry bond over time.
Current vs Lagged Prices |
| Timeline |
Berry Lagged Returns
When evaluating Berry's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Berry bond have on its future price. Berry 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, Berry autocorrelation shows the relationship between Berry bond current value and its past values and can show if there is a momentum factor associated with investing in Berry Petroleum 7.
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 Berry Bond
Berry financial ratios help investors to determine whether Berry Bond 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 Berry with respect to the benefits of owning Berry security.