Phillips (Germany) Market Value
| R66 Stock | EUR 125.42 0.20 0.16% |
| Symbol | Phillips |
Phillips '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 Phillips' 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 Phillips.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Phillips on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Phillips 66 or generate 0.0% return on investment in Phillips over 720 days. Phillips is related to or competes with Marathon Petroleum, Neste Oyj, ENEOS Holdings, and PTT OIL+RETBUS-FOR-B. Phillips 66 operates as an energy manufacturing and logistics company More
Phillips 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 Phillips' 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 Phillips 66 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.88 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 8.7 | |||
| Value At Risk | (2.56) | |||
| Potential Upside | 2.1 |
Phillips Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Phillips' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Phillips' standard deviation. In reality, there are many statistical measures that can use Phillips historical prices to predict the future Phillips' volatility.| Risk Adjusted Performance | 0.0087 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | (0.03) |
Phillips 66 Backtested Returns
At this point, Phillips is very steady. Phillips 66 maintains Sharpe Ratio (i.e., Efficiency) of 0.0427, which implies the firm had a 0.0427% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Phillips 66, which you can use to evaluate the volatility of the company. Please check Phillips' Semi Deviation of 1.78, risk adjusted performance of 0.0087, and Coefficient Of Variation of 24517.74 to confirm if the risk estimate we provide is consistent with the expected return of 0.0725%. Phillips has a performance score of 3 on a scale of 0 to 100. The company holds a Beta of 0.11, which implies not very significant fluctuations relative to the market. As returns on the market increase, Phillips' returns are expected to increase less than the market. However, during the bear market, the loss of holding Phillips is expected to be smaller as well. Phillips 66 right now holds a risk of 1.7%. Please check Phillips 66 standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if Phillips 66 will be following its historical price patterns.
Auto-correlation | -0.52 |
Good reverse predictability
Phillips 66 has good reverse predictability. Overlapping area represents the amount of predictability between Phillips 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 Phillips 66 price movement. The serial correlation of -0.52 indicates that about 52.0% of current Phillips price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 86.64 |
Phillips 66 lagged returns against current returns
Autocorrelation, which is Phillips 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 Phillips' stock expected returns. We can calculate the autocorrelation of Phillips returns to help us make a trade decision. For example, suppose you find that Phillips 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 |
Phillips 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 Phillips stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Phillips stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Phillips stock over time.
Current vs Lagged Prices |
| Timeline |
Phillips Lagged Returns
When evaluating Phillips' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Phillips stock have on its future price. Phillips 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, Phillips autocorrelation shows the relationship between Phillips stock current value and its past values and can show if there is a momentum factor associated with investing in Phillips 66.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Phillips Stock
When determining whether Phillips 66 offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Phillips' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Phillips 66 Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Phillips 66 Stock:Check out Phillips Correlation, Phillips Volatility and Phillips Alpha and Beta module to complement your research on Phillips. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Phillips technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.