Murphy Oil Corp Market Value
| 626717AA0 | 103.15 1.33 1.27% |
| Symbol | Murphy |
Murphy '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 Murphy'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 Murphy.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Murphy on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Murphy Oil Corp or generate 0.0% return on investment in Murphy over 30 days. Murphy is related to or competes with Rumble, Sapiens International, Rackspace Technology, Joint Corp, Sonida Senior, VirnetX Holding, and Amgen. More
Murphy 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 Murphy'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 Murphy Oil Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 3.54 | |||
| Value At Risk | (1.27) | |||
| Potential Upside | 1.43 |
Murphy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Murphy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Murphy's standard deviation. In reality, there are many statistical measures that can use Murphy historical prices to predict the future Murphy's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (2.37) |
Murphy Oil Corp Backtested Returns
Murphy Oil Corp has Sharpe Ratio of -0.0415, which conveys that the entity had a -0.0415% return per unit of risk over the last 3 months. Murphy exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Murphy's Mean Deviation of 0.6559, standard deviation of 0.8344, and Risk Adjusted Performance of (0.03) to check out the risk estimate we provide. The bond secures a Beta (Market Risk) of 0.0188, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Murphy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Murphy is expected to be smaller as well.
Auto-correlation | -0.58 |
Good reverse predictability
Murphy Oil Corp has good reverse predictability. Overlapping area represents the amount of predictability between Murphy 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 Murphy Oil Corp price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Murphy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.43 |
Murphy Oil Corp lagged returns against current returns
Autocorrelation, which is Murphy 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 Murphy's bond expected returns. We can calculate the autocorrelation of Murphy returns to help us make a trade decision. For example, suppose you find that Murphy 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 |
Murphy 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 Murphy bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Murphy bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Murphy bond over time.
Current vs Lagged Prices |
| Timeline |
Murphy Lagged Returns
When evaluating Murphy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Murphy bond have on its future price. Murphy 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, Murphy autocorrelation shows the relationship between Murphy bond current value and its past values and can show if there is a momentum factor associated with investing in Murphy Oil Corp.
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 Murphy Bond
Murphy financial ratios help investors to determine whether Murphy 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 Murphy with respect to the benefits of owning Murphy security.