Saturn Oil Gas Stock Market Value
| OILSF Stock | USD 1.62 0.05 3.18% |
| Symbol | Saturn |
Saturn Oil '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 Saturn Oil'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 Saturn Oil.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Saturn Oil on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Saturn Oil Gas or generate 0.0% return on investment in Saturn Oil over 720 days. Saturn Oil is related to or competes with CNX Resources, MV Oil, San Juan, VOC Energy, and Comstock Resources. Saturn Oil Gas Inc. engages in the acquisition, exploration, and development of petroleum and natural gas resource depos... More
Saturn Oil 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 Saturn Oil'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 Saturn Oil Gas upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 9.17 | |||
| Value At Risk | (4.86) | |||
| Potential Upside | 3.07 |
Saturn Oil Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Saturn Oil's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Saturn Oil's standard deviation. In reality, there are many statistical measures that can use Saturn Oil historical prices to predict the future Saturn Oil's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.73) | |||
| Treynor Ratio | (4.19) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Saturn Oil'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.
Saturn Oil Gas Backtested Returns
Saturn Oil Gas owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the firm had a -0.12% return per unit of risk over the last 3 months. Saturn Oil Gas exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Saturn Oil's Coefficient Of Variation of (649.77), variance of 5.04, and Risk Adjusted Performance of (0.11) to confirm the risk estimate we provide. The entity has a beta of 0.0849, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Saturn Oil's returns are expected to increase less than the market. However, during the bear market, the loss of holding Saturn Oil is expected to be smaller as well. At this point, Saturn Oil Gas has a negative expected return of -0.25%. Please make sure to validate Saturn Oil's kurtosis, as well as the relationship between the day median price and period momentum indicator , to decide if Saturn Oil Gas performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.08 |
Virtually no predictability
Saturn Oil Gas has virtually no predictability. Overlapping area represents the amount of predictability between Saturn Oil time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Saturn Oil Gas price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Saturn Oil price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Saturn Oil Gas lagged returns against current returns
Autocorrelation, which is Saturn Oil 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 Saturn Oil's otc stock expected returns. We can calculate the autocorrelation of Saturn Oil returns to help us make a trade decision. For example, suppose you find that Saturn Oil 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 |
Saturn Oil 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 Saturn Oil otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Saturn Oil otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Saturn Oil otc stock over time.
Current vs Lagged Prices |
| Timeline |
Saturn Oil Lagged Returns
When evaluating Saturn Oil's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Saturn Oil otc stock have on its future price. Saturn Oil 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, Saturn Oil autocorrelation shows the relationship between Saturn Oil otc stock current value and its past values and can show if there is a momentum factor associated with investing in Saturn Oil Gas.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Saturn OTC Stock
Saturn Oil financial ratios help investors to determine whether Saturn 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 Saturn with respect to the benefits of owning Saturn Oil security.