Foothills Exploration Stock Market Value
| FTXP Stock | USD 0.0001 0.00 0.00% |
| Symbol | Foothills |
Foothills Exploration '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 Foothills Exploration'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 Foothills Exploration.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Foothills Exploration on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Foothills Exploration or generate 0.0% return on investment in Foothills Exploration over 30 days. Foothills Exploration is related to or competes with Permian Resources, Devon Energy, EOG Resources, Coterra Energy, Diamondback Energy, and ConocoPhillips. Foothills Exploration, Inc., an independent oil and gas exploration and production company, engages in the acquisition a... More
Foothills Exploration 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 Foothills Exploration'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 Foothills Exploration upside and downside potential and time the market with a certain degree of confidence.
Foothills Exploration Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Foothills Exploration's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Foothills Exploration's standard deviation. In reality, there are many statistical measures that can use Foothills Exploration historical prices to predict the future Foothills Exploration's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Foothills Exploration's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Foothills Exploration Backtested Returns
We have found three technical indicators for Foothills Exploration, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which means not very significant fluctuations relative to the market. the returns on MARKET and Foothills Exploration are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Foothills Exploration has no correlation between past and present. Overlapping area represents the amount of predictability between Foothills Exploration time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Foothills Exploration price movement. The serial correlation of 0.0 indicates that just 0.0% of current Foothills Exploration price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Foothills Exploration lagged returns against current returns
Autocorrelation, which is Foothills Exploration 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 Foothills Exploration's pink sheet expected returns. We can calculate the autocorrelation of Foothills Exploration returns to help us make a trade decision. For example, suppose you find that Foothills Exploration 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 |
Foothills Exploration 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 Foothills Exploration pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Foothills Exploration pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Foothills Exploration pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Foothills Exploration Lagged Returns
When evaluating Foothills Exploration's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Foothills Exploration pink sheet have on its future price. Foothills Exploration 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, Foothills Exploration autocorrelation shows the relationship between Foothills Exploration pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Foothills Exploration.
Regressed Prices |
| Timeline |
Pair Trading with Foothills Exploration
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Foothills Exploration position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Foothills Exploration will appreciate offsetting losses from the drop in the long position's value.Moving against Foothills Pink Sheet
The ability to find closely correlated positions to Foothills Exploration could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Foothills Exploration when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Foothills Exploration - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Foothills Exploration to buy it.
The correlation of Foothills Exploration is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Foothills Exploration moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Foothills Exploration moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Foothills Exploration can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Foothills Pink Sheet Analysis
When running Foothills Exploration's price analysis, check to measure Foothills Exploration'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 Foothills Exploration is operating at the current time. Most of Foothills Exploration's value examination focuses on studying past and present price action to predict the probability of Foothills Exploration's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Foothills Exploration's price. Additionally, you may evaluate how the addition of Foothills Exploration to your portfolios can decrease your overall portfolio volatility.