Delek Drilling Stock Market Value
| DKDRF Stock | USD 3.11 0.07 2.20% |
| Symbol | Delek |
Delek Drilling '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 Delek Drilling's otc 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 Delek Drilling.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Delek Drilling on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Delek Drilling or generate 0.0% return on investment in Delek Drilling over 30 days. Delek Drilling is related to or competes with Permian Resources, Devon Energy, EOG Resources, Coterra Energy, Diamondback Energy, and ConocoPhillips. NewMed Energy - Limited Partnership engages in the exploration, development, production, and sale of petroleum, natural ... More
Delek Drilling 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 Delek Drilling's otc 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 Delek Drilling upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0765 | |||
| Maximum Drawdown | 18.28 | |||
| Value At Risk | (0.96) | |||
| Potential Upside | 3.09 |
Delek Drilling Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Delek Drilling's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Delek Drilling's standard deviation. In reality, there are many statistical measures that can use Delek Drilling historical prices to predict the future Delek Drilling's volatility.| Risk Adjusted Performance | 0.1069 | |||
| Jensen Alpha | 0.301 | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | (3.80) |
Delek Drilling Backtested Returns
Delek Drilling appears to be moderately volatile, given 3 months investment horizon. Delek Drilling secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the company had a 0.13% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Delek Drilling , which you can use to evaluate the volatility of the firm. Please utilize Delek Drilling's Mean Deviation of 0.8882, variance of 5.34, and Standard Deviation of 2.31 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Delek Drilling holds a performance score of 10. The firm shows a Beta (market volatility) of -0.0769, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Delek Drilling are expected to decrease at a much lower rate. During the bear market, Delek Drilling is likely to outperform the market. Please check Delek Drilling's total risk alpha, as well as the relationship between the kurtosis and day typical price , to make a quick decision on whether Delek Drilling's price patterns will revert.
Auto-correlation | 0.34 |
Below average predictability
Delek Drilling has below average predictability. Overlapping area represents the amount of predictability between Delek Drilling time series from 30th of October 2024 to 14th of November 2024 and 14th of November 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 Delek Drilling price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Delek Drilling price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Delek Drilling lagged returns against current returns
Autocorrelation, which is Delek Drilling otc 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 Delek Drilling's otc stock expected returns. We can calculate the autocorrelation of Delek Drilling returns to help us make a trade decision. For example, suppose you find that Delek Drilling has exhibited high autocorrelation historically, and you observe that the otc 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 |
Delek Drilling 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 Delek Drilling otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Delek Drilling otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Delek Drilling otc stock over time.
Current vs Lagged Prices |
| Timeline |
Delek Drilling Lagged Returns
When evaluating Delek Drilling's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Delek Drilling otc stock have on its future price. Delek Drilling 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, Delek Drilling autocorrelation shows the relationship between Delek Drilling otc stock current value and its past values and can show if there is a momentum factor associated with investing in Delek Drilling .
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Delek OTC Stock
Delek Drilling financial ratios help investors to determine whether Delek OTC 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 Delek with respect to the benefits of owning Delek Drilling security.