Key Petroleum (Australia) Market Value

KEY Stock   0.07  0.02  34.00%   
Key Petroleum's market value is the price at which a share of Key Petroleum trades on a public exchange. It measures the collective expectations of Key Petroleum investors about its performance. Key Petroleum is selling for under 0.067 as of the 23rd of December 2024; that is 34.00 percent increase since the beginning of the trading day. The stock's last reported lowest price was 0.067.
With this module, you can estimate the performance of a buy and hold strategy of Key Petroleum and determine expected loss or profit from investing in Key Petroleum over a given investment horizon. Check out Key Petroleum Correlation, Key Petroleum Volatility and Key Petroleum Alpha and Beta module to complement your research on Key Petroleum.
Symbol

Please note, there is a significant difference between Key Petroleum's value and its price as these two are different measures arrived at by different means. Investors typically determine if Key Petroleum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Key Petroleum's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Key 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 Key Petroleum'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 Key Petroleum.
0.00
11/23/2024
No Change 0.00  0.0 
In 30 days
12/23/2024
0.00
If you would invest  0.00  in Key Petroleum on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding Key Petroleum or generate 0.0% return on investment in Key Petroleum over 30 days. Key Petroleum is related to or competes with Westpac Banking, ABACUS STORAGE, Suncorp, Yancoal Australia, Peel Mining, Bendigo, and Capitol Health. More

Key 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 Key Petroleum'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 Key Petroleum upside and downside potential and time the market with a certain degree of confidence.

Key Petroleum Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Key Petroleum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Key Petroleum's standard deviation. In reality, there are many statistical measures that can use Key Petroleum historical prices to predict the future Key Petroleum's volatility.
Hype
Prediction
LowEstimatedHigh
0.000.076.31
Details
Intrinsic
Valuation
LowRealHigh
0.000.066.30
Details

Key Petroleum Backtested Returns

Key Petroleum has Sharpe Ratio of -0.066, which conveys that the firm had a -0.066% return per unit of risk over the last 3 months. Key Petroleum exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Key Petroleum's Standard Deviation of 6.23, risk adjusted performance of (0.04), and Mean Deviation of 1.81 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.48, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Key Petroleum's returns are expected to increase less than the market. However, during the bear market, the loss of holding Key Petroleum is expected to be smaller as well. At this point, Key Petroleum has a negative expected return of -0.41%. Please make sure to verify Key Petroleum's coefficient of variation, variance, and the relationship between the mean deviation and standard deviation , to decide if Key Petroleum performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.31  

Poor reverse predictability

Key Petroleum has poor reverse predictability. Overlapping area represents the amount of predictability between Key Petroleum time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 Key Petroleum price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Key Petroleum price fluctuation can be explain by its past prices.
Correlation Coefficient-0.31
Spearman Rank Test-0.43
Residual Average0.0
Price Variance0.0

Key Petroleum lagged returns against current returns

Autocorrelation, which is Key Petroleum 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 Key Petroleum's stock expected returns. We can calculate the autocorrelation of Key Petroleum returns to help us make a trade decision. For example, suppose you find that Key Petroleum 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  

Key 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 Key Petroleum stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Key Petroleum stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Key Petroleum stock over time.
   Current vs Lagged Prices   
       Timeline  

Key Petroleum Lagged Returns

When evaluating Key Petroleum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Key Petroleum stock have on its future price. Key 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, Key Petroleum autocorrelation shows the relationship between Key Petroleum stock current value and its past values and can show if there is a momentum factor associated with investing in Key Petroleum.
   Regressed Prices   
       Timeline  

Thematic Opportunities

Explore Investment Opportunities

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Additional Tools for Key Stock Analysis

When running Key Petroleum's price analysis, check to measure Key Petroleum'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 Key Petroleum is operating at the current time. Most of Key Petroleum's value examination focuses on studying past and present price action to predict the probability of Key Petroleum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Key Petroleum's price. Additionally, you may evaluate how the addition of Key Petroleum to your portfolios can decrease your overall portfolio volatility.