Athabasca Oil Corp Stock Market Value
| ATHOF Stock | USD 3.66 0.03 0.81% |
| Symbol | Athabasca |
Athabasca Oil '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 Athabasca Oil'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 Athabasca Oil.
| 05/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Athabasca Oil on May 9, 2023 and sell it all today you would earn a total of 0.00 from holding Athabasca Oil Corp or generate 0.0% return on investment in Athabasca Oil over 570 days. Athabasca Oil is related to or competes with Petroleo Brasileiro, Equinor ASA, Eni SPA, YPF Sociedad, Ecopetrol, BP PLC, and Shell PLC. Athabasca Oil Corporation engages in the exploration, development, and production of light and thermal oil resource play... More
Athabasca Oil 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 Athabasca Oil'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 Athabasca Oil Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 8.36 | |||
| Value At Risk | (3.99) | |||
| Potential Upside | 2.92 |
Athabasca Oil Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Athabasca Oil's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Athabasca Oil's standard deviation. In reality, there are many statistical measures that can use Athabasca Oil historical prices to predict the future Athabasca Oil's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | (1.10) |
Athabasca Oil Corp Backtested Returns
Athabasca Oil Corp secures Sharpe Ratio (or Efficiency) of -0.0207, which signifies that the company had a -0.0207% return per unit of standard deviation over the last 3 months. Athabasca Oil Corp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Athabasca Oil's mean deviation of 1.69, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.14, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Athabasca Oil's returns are expected to increase less than the market. However, during the bear market, the loss of holding Athabasca Oil is expected to be smaller as well. At this point, Athabasca Oil Corp has a negative expected return of -0.0428%. Please make sure to confirm Athabasca Oil's potential upside, and the relationship between the total risk alpha and daily balance of power , to decide if Athabasca Oil Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.07 |
Virtually no predictability
Athabasca Oil Corp has virtually no predictability. Overlapping area represents the amount of predictability between Athabasca Oil time series from 9th of May 2023 to 18th of February 2024 and 18th of February 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 Athabasca Oil Corp price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Athabasca Oil price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Athabasca Oil Corp lagged returns against current returns
Autocorrelation, which is Athabasca Oil 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 Athabasca Oil's pink sheet expected returns. We can calculate the autocorrelation of Athabasca Oil returns to help us make a trade decision. For example, suppose you find that Athabasca Oil 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 |
Athabasca Oil 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 Athabasca Oil pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Athabasca Oil pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Athabasca Oil pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Athabasca Oil Lagged Returns
When evaluating Athabasca Oil's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Athabasca Oil pink sheet have on its future price. Athabasca Oil 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, Athabasca Oil autocorrelation shows the relationship between Athabasca Oil pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Athabasca Oil Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Athabasca Pink Sheet
Athabasca Oil financial ratios help investors to determine whether Athabasca Pink Sheet 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 Athabasca with respect to the benefits of owning Athabasca Oil security.