Whiting Petroleum Stock Market Value
| WLLBW Stock | USD 6.43 1.13 21.32% |
| Symbol | Whiting |
Whiting Petroleum '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 Whiting Petroleum'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 Whiting Petroleum.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Whiting Petroleum on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Whiting Petroleum or generate 0.0% return on investment in Whiting Petroleum over 30 days. Whiting Petroleum is related to or competes with Chord Energy, Bristow, and Pioneer Bancorp. Chord Energy Corporation operates as an independent exploration and production company More
Whiting Petroleum 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 Whiting Petroleum'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 Whiting Petroleum upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 48.73 | |||
| Value At Risk | (22.10) | |||
| Potential Upside | 21.32 |
Whiting Petroleum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Whiting Petroleum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Whiting Petroleum's standard deviation. In reality, there are many statistical measures that can use Whiting Petroleum historical prices to predict the future Whiting Petroleum's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (1.50) | |||
| Total Risk Alpha | (2.66) | |||
| Treynor Ratio | (0.15) |
Whiting Petroleum Backtested Returns
Whiting Petroleum shows Sharpe Ratio of -0.0705, which attests that the company had a -0.0705% return per unit of risk over the last 3 months. Whiting Petroleum exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Whiting Petroleum's Mean Deviation of 8.87, market risk adjusted performance of (0.14), and Standard Deviation of 11.63 to validate the risk estimate we provide. The firm maintains a market beta of 5.54, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Whiting Petroleum will likely underperform. At this point, Whiting Petroleum has a negative expected return of -0.82%. Please make sure to check out Whiting Petroleum's information ratio, potential upside, as well as the relationship between the Potential Upside and day median price , to decide if Whiting Petroleum performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.58 |
Modest predictability
Whiting Petroleum has modest predictability. Overlapping area represents the amount of predictability between Whiting Petroleum time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Whiting Petroleum price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Whiting Petroleum price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | -0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 0.32 |
Whiting Petroleum lagged returns against current returns
Autocorrelation, which is Whiting Petroleum 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 Whiting Petroleum's pink sheet expected returns. We can calculate the autocorrelation of Whiting Petroleum returns to help us make a trade decision. For example, suppose you find that Whiting Petroleum 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 |
Whiting Petroleum 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 Whiting Petroleum pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Whiting Petroleum pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Whiting Petroleum pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Whiting Petroleum Lagged Returns
When evaluating Whiting Petroleum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Whiting Petroleum pink sheet have on its future price. Whiting Petroleum 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, Whiting Petroleum autocorrelation shows the relationship between Whiting Petroleum pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Whiting Petroleum.
Regressed Prices |
| Timeline |
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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.Additional Tools for Whiting Pink Sheet Analysis
When running Whiting Petroleum's price analysis, check to measure Whiting Petroleum'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 Whiting Petroleum is operating at the current time. Most of Whiting Petroleum's value examination focuses on studying past and present price action to predict the probability of Whiting Petroleum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Whiting Petroleum's price. Additionally, you may evaluate how the addition of Whiting Petroleum to your portfolios can decrease your overall portfolio volatility.