Condor Petroleum Stock Market Value
| CNPRF Stock | USD 1.61 0.10 6.62% |
| Symbol | Condor |
Condor 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 Condor 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 Condor Petroleum.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Condor Petroleum on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Condor Petroleum or generate 0.0% return on investment in Condor Petroleum over 30 days. Condor Petroleum is related to or competes with Canacol Energy, InPlay Oil, Cardinal Energy, Freehold Royalties, PetroTal Corp, Gulf Keystone, and Parex Resources. Condor Energies Inc., an oil and gas company, engages in the exploration, development, and production of oil and gas pro... More
Condor 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 Condor 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 Condor Petroleum upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.07 | |||
| Information Ratio | 0.0435 | |||
| Maximum Drawdown | 26.39 | |||
| Value At Risk | (7.93) | |||
| Potential Upside | 6.92 |
Condor Petroleum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Condor Petroleum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Condor Petroleum's standard deviation. In reality, there are many statistical measures that can use Condor Petroleum historical prices to predict the future Condor Petroleum's volatility.| Risk Adjusted Performance | 0.065 | |||
| Jensen Alpha | 0.1751 | |||
| Total Risk Alpha | (0.43) | |||
| Sortino Ratio | 0.0321 | |||
| Treynor Ratio | 0.279 |
Condor Petroleum Backtested Returns
Condor Petroleum appears to be dangerous, given 3 months investment horizon. Condor Petroleum secures Sharpe Ratio (or Efficiency) of 0.0608, which signifies that the company had a 0.0608% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Condor Petroleum, which you can use to evaluate the volatility of the firm. Please makes use of Condor Petroleum's Mean Deviation of 2.98, downside deviation of 6.07, and Risk Adjusted Performance of 0.065 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Condor Petroleum holds a performance score of 4. The firm shows a Beta (market volatility) of 1.16, which signifies 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, Condor Petroleum will likely underperform. Please check Condor Petroleum's potential upside, and the relationship between the sortino ratio and skewness , to make a quick decision on whether Condor Petroleum's price patterns will revert.
Auto-correlation | -0.42 |
Modest reverse predictability
Condor Petroleum has modest reverse predictability. Overlapping area represents the amount of predictability between Condor Petroleum time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd of December 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 Condor Petroleum price movement. The serial correlation of -0.42 indicates that just about 42.0% of current Condor Petroleum price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Condor Petroleum lagged returns against current returns
Autocorrelation, which is Condor 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 Condor Petroleum's pink sheet expected returns. We can calculate the autocorrelation of Condor Petroleum returns to help us make a trade decision. For example, suppose you find that Condor 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 |
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Condor 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 Condor Petroleum pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Condor 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 Condor Petroleum pink sheet over time.
Current vs Lagged Prices |
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Condor Petroleum Lagged Returns
When evaluating Condor Petroleum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Condor Petroleum pink sheet have on its future price. Condor 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, Condor Petroleum autocorrelation shows the relationship between Condor Petroleum pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Condor Petroleum.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Condor Pink Sheet
Condor Petroleum financial ratios help investors to determine whether Condor 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 Condor with respect to the benefits of owning Condor Petroleum security.