Ngl Energy Partners Preferred Stock Market Value
| NGL-PB Preferred Stock | USD 23.40 0.38 1.60% |
| Symbol | NGL |
NGL Energy '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 NGL Energy's preferred 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 NGL Energy.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in NGL Energy on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding NGL Energy Partners or generate 0.0% return on investment in NGL Energy over 30 days. NGL Energy is related to or competes with GasLog Partners, Global Partners, Martin Midstream, NGL Energy, GasLog Partners, Dynagas LNG, and Seapeak LLC. NGL Energy Partners LP engages in the crude oil logistics, water solutions, and liquids and refined products businesses More
NGL Energy 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 NGL Energy's preferred 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 NGL Energy Partners upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.04 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 5.0 | |||
| Value At Risk | (1.83) | |||
| Potential Upside | 1.41 |
NGL Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NGL Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NGL Energy's standard deviation. In reality, there are many statistical measures that can use NGL Energy historical prices to predict the future NGL Energy's volatility.| Risk Adjusted Performance | 0.0514 | |||
| Jensen Alpha | 0.0356 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.4155 |
NGL Energy Partners Backtested Returns
At this point, NGL Energy is very steady. NGL Energy Partners has Sharpe Ratio of 0.0593, which conveys that the firm had a 0.0593% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for NGL Energy, which you can use to evaluate the volatility of the firm. Please verify NGL Energy's risk adjusted performance of 0.0514, and Mean Deviation of 0.6373 to check out if the risk estimate we provide is consistent with the expected return of 0.0544%. NGL Energy has a performance score of 4 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.12, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NGL Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding NGL Energy is expected to be smaller as well. NGL Energy Partners currently secures a risk of 0.92%. Please verify NGL Energy Partners total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to decide if NGL Energy Partners will be following its current price movements.
Auto-correlation | 0.57 |
Modest predictability
NGL Energy Partners has modest predictability. Overlapping area represents the amount of predictability between NGL Energy 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 NGL Energy Partners price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current NGL Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
NGL Energy Partners lagged returns against current returns
Autocorrelation, which is NGL Energy preferred 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 NGL Energy's preferred stock expected returns. We can calculate the autocorrelation of NGL Energy returns to help us make a trade decision. For example, suppose you find that NGL Energy has exhibited high autocorrelation historically, and you observe that the preferred 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 |
NGL Energy 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 NGL Energy preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NGL Energy preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NGL Energy preferred stock over time.
Current vs Lagged Prices |
| Timeline |
NGL Energy Lagged Returns
When evaluating NGL Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NGL Energy preferred stock have on its future price. NGL Energy 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, NGL Energy autocorrelation shows the relationship between NGL Energy preferred stock current value and its past values and can show if there is a momentum factor associated with investing in NGL Energy Partners.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in NGL Preferred Stock
NGL Energy financial ratios help investors to determine whether NGL Preferred 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 NGL with respect to the benefits of owning NGL Energy security.