Sinopec Oilfield (Germany) Market Value
| YIZH Stock | EUR 0.07 0 2.22% |
| Symbol | Sinopec |
Sinopec Oilfield '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 Sinopec Oilfield's stock 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 Sinopec Oilfield.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Sinopec Oilfield on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Sinopec Oilfield Service or generate 0.0% return on investment in Sinopec Oilfield over 30 days. Sinopec Oilfield is related to or competes with Nabors Industries. Sinopec Oilfield Service Corporation provides petroleum engineering and technical services in the Peoples Republic of Ch... More
Sinopec Oilfield 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 Sinopec Oilfield's stock 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 Sinopec Oilfield Service upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.33 | |||
| Information Ratio | 0.0861 | |||
| Maximum Drawdown | 50.56 | |||
| Value At Risk | (9.38) | |||
| Potential Upside | 11.11 |
Sinopec Oilfield Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sinopec Oilfield's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sinopec Oilfield's standard deviation. In reality, there are many statistical measures that can use Sinopec Oilfield historical prices to predict the future Sinopec Oilfield's volatility.| Risk Adjusted Performance | 0.0877 | |||
| Jensen Alpha | 0.7873 | |||
| Total Risk Alpha | (0.41) | |||
| Sortino Ratio | 0.1032 | |||
| Treynor Ratio | (5.97) |
Sinopec Oilfield Service Backtested Returns
Sinopec Oilfield appears to be out of control, given 3 months investment horizon. Sinopec Oilfield Service owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. By inspecting Sinopec Oilfield's technical indicators, you can evaluate if the expected return of 0.84% is justified by implied risk. Please review Sinopec Oilfield's Semi Deviation of 4.99, risk adjusted performance of 0.0877, and Coefficient Of Variation of 970.6 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sinopec Oilfield holds a performance score of 8. The entity has a beta of -0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sinopec Oilfield are expected to decrease at a much lower rate. During the bear market, Sinopec Oilfield is likely to outperform the market. Please check Sinopec Oilfield's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Sinopec Oilfield's existing price patterns will revert.
Auto-correlation | -0.88 |
Excellent reverse predictability
Sinopec Oilfield Service has excellent reverse predictability. Overlapping area represents the amount of predictability between Sinopec Oilfield time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Sinopec Oilfield Service price movement. The serial correlation of -0.88 indicates that approximately 88.0% of current Sinopec Oilfield price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.88 | |
| Spearman Rank Test | -0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sinopec Oilfield Service lagged returns against current returns
Autocorrelation, which is Sinopec Oilfield stock'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 Sinopec Oilfield's stock expected returns. We can calculate the autocorrelation of Sinopec Oilfield returns to help us make a trade decision. For example, suppose you find that Sinopec Oilfield has exhibited high autocorrelation historically, and you observe that the stock 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 |
Sinopec Oilfield 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 Sinopec Oilfield stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sinopec Oilfield stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sinopec Oilfield stock over time.
Current vs Lagged Prices |
| Timeline |
Sinopec Oilfield Lagged Returns
When evaluating Sinopec Oilfield's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sinopec Oilfield stock have on its future price. Sinopec Oilfield 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, Sinopec Oilfield autocorrelation shows the relationship between Sinopec Oilfield stock current value and its past values and can show if there is a momentum factor associated with investing in Sinopec Oilfield Service.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Sinopec Stock
Sinopec Oilfield financial ratios help investors to determine whether Sinopec Stock 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 Sinopec with respect to the benefits of owning Sinopec Oilfield security.