CONOCOPHILLIPS 415 percent Market Value
| 20826FAF3 | 95.32 2.49 2.68% |
| Symbol | CONOCOPHILLIPS |
CONOCOPHILLIPS '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 CONOCOPHILLIPS'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 CONOCOPHILLIPS.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in CONOCOPHILLIPS on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding CONOCOPHILLIPS 415 percent or generate 0.0% return on investment in CONOCOPHILLIPS over 30 days. CONOCOPHILLIPS is related to or competes with Papaya Growth, Jacobs Solutions, United States, SFL, Olympic Steel, Tianjin Capital, and Hurco Companies. More
CONOCOPHILLIPS 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 CONOCOPHILLIPS'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 CONOCOPHILLIPS 415 percent upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.37 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 7.58 | |||
| Value At Risk | (2.27) | |||
| Potential Upside | 2.86 |
CONOCOPHILLIPS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CONOCOPHILLIPS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CONOCOPHILLIPS's standard deviation. In reality, there are many statistical measures that can use CONOCOPHILLIPS historical prices to predict the future CONOCOPHILLIPS's volatility.| Risk Adjusted Performance | 0.0126 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.0572 |
CONOCOPHILLIPS 415 Backtested Returns
CONOCOPHILLIPS 415 secures Sharpe Ratio (or Efficiency) of -0.0253, which signifies that the bond had a -0.0253% return per unit of risk over the last 3 months. CONOCOPHILLIPS 415 percent exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CONOCOPHILLIPS's risk adjusted performance of 0.0126, and Mean Deviation of 1.05 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.0912, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CONOCOPHILLIPS's returns are expected to increase less than the market. However, during the bear market, the loss of holding CONOCOPHILLIPS is expected to be smaller as well.
Auto-correlation | -0.15 |
Insignificant reverse predictability
CONOCOPHILLIPS 415 percent has insignificant reverse predictability. Overlapping area represents the amount of predictability between CONOCOPHILLIPS time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 CONOCOPHILLIPS 415 price movement. The serial correlation of -0.15 indicates that less than 15.0% of current CONOCOPHILLIPS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 2.09 |
CONOCOPHILLIPS 415 lagged returns against current returns
Autocorrelation, which is CONOCOPHILLIPS 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 CONOCOPHILLIPS's bond expected returns. We can calculate the autocorrelation of CONOCOPHILLIPS returns to help us make a trade decision. For example, suppose you find that CONOCOPHILLIPS 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 |
CONOCOPHILLIPS 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 CONOCOPHILLIPS bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CONOCOPHILLIPS bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CONOCOPHILLIPS bond over time.
Current vs Lagged Prices |
| Timeline |
CONOCOPHILLIPS Lagged Returns
When evaluating CONOCOPHILLIPS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CONOCOPHILLIPS bond have on its future price. CONOCOPHILLIPS 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, CONOCOPHILLIPS autocorrelation shows the relationship between CONOCOPHILLIPS bond current value and its past values and can show if there is a momentum factor associated with investing in CONOCOPHILLIPS 415 percent.
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 CONOCOPHILLIPS Bond
CONOCOPHILLIPS financial ratios help investors to determine whether CONOCOPHILLIPS 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 CONOCOPHILLIPS with respect to the benefits of owning CONOCOPHILLIPS security.