Key Petroleum (Australia) Market Value
| KEY Stock | 0.07 0.02 34.00% |
| Symbol | Key |
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.
| 01/02/2023 |
| 12/22/2024 |
If you would invest 0.00 in Key Petroleum on January 2, 2023 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 720 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.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 34.0 |
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.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.43) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | (0.88) |
Key Petroleum Backtested Returns
Key Petroleum has Sharpe Ratio of -0.0655, which conveys that the firm had a -0.0655% 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 Mean Deviation of 1.81, standard deviation of 6.23, and Risk Adjusted Performance of (0.04) 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 | 0.30 |
Below average predictability
Key Petroleum has below average predictability. Overlapping area represents the amount of predictability between Key Petroleum time series from 2nd of January 2023 to 28th of December 2023 and 28th of December 2023 to 22nd 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 0.3 indicates that nearly 30.0% of current Key Petroleum price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
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 |
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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.