Xtra Energy Corp Stock Market Value
| XTPT Stock | USD 0.16 0.01 5.88% |
| Symbol | Xtra |
Xtra Energy '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 Xtra Energy'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 Xtra Energy.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Xtra Energy on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Xtra Energy Corp or generate 0.0% return on investment in Xtra Energy over 720 days. Xtra Energy Corporation engages in the acquisition, exploration, and development of gold properties in Africa More
Xtra Energy 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 Xtra Energy'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 Xtra Energy Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 35.38 | |||
| Value At Risk | (13.79) | |||
| Potential Upside | 11.11 |
Xtra Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xtra Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xtra Energy's standard deviation. In reality, there are many statistical measures that can use Xtra Energy historical prices to predict the future Xtra Energy's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.51) | |||
| Total Risk Alpha | (1.82) | |||
| Treynor Ratio | 0.6834 |
Xtra Energy Corp Backtested Returns
Xtra Energy Corp shows Sharpe Ratio of -0.0541, which attests that the company had a -0.0541% return per unit of risk over the last 3 months. Xtra Energy Corp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Xtra Energy's Mean Deviation of 5.64, standard deviation of 7.62, and Market Risk Adjusted Performance of 0.6934 to validate the risk estimate we provide. The firm maintains a market beta of -0.9, which attests to possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Xtra Energy are expected to decrease slowly. On the other hand, during market turmoil, Xtra Energy is expected to outperform it slightly. At this point, Xtra Energy Corp has a negative expected return of -0.41%. Please make sure to check out Xtra Energy's value at risk, rate of daily change, as well as the relationship between the Rate Of Daily Change and relative strength index , to decide if Xtra Energy Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.32 |
Poor reverse predictability
Xtra Energy Corp has poor reverse predictability. Overlapping area represents the amount of predictability between Xtra Energy time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Xtra Energy Corp price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Xtra Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Xtra Energy Corp lagged returns against current returns
Autocorrelation, which is Xtra Energy 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 Xtra Energy's pink sheet expected returns. We can calculate the autocorrelation of Xtra Energy returns to help us make a trade decision. For example, suppose you find that Xtra Energy 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 |
Xtra Energy 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 Xtra Energy pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xtra Energy pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xtra Energy pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Xtra Energy Lagged Returns
When evaluating Xtra Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xtra Energy pink sheet have on its future price. Xtra Energy 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, Xtra Energy autocorrelation shows the relationship between Xtra Energy pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Xtra Energy Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Xtra Pink Sheet Analysis
When running Xtra Energy's price analysis, check to measure Xtra Energy'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 Xtra Energy is operating at the current time. Most of Xtra Energy's value examination focuses on studying past and present price action to predict the probability of Xtra Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Xtra Energy's price. Additionally, you may evaluate how the addition of Xtra Energy to your portfolios can decrease your overall portfolio volatility.