Shamaran Petroleum Corp Stock Market Value
| SHASF Stock | USD 0.09 0.01 12.50% |
| Symbol | ShaMaran |
ShaMaran 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 ShaMaran Petroleum's pink sheet 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 ShaMaran Petroleum.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in ShaMaran Petroleum on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding ShaMaran Petroleum Corp or generate 0.0% return on investment in ShaMaran Petroleum over 540 days. ShaMaran Petroleum is related to or competes with PetroShale, Horizon Oil, Saturn Oil, San Leon, Enwell Energy, Dno ASA, and Questerre Energy. ShaMaran Petroleum Corp., together with its subsidiaries, engages in the exploration and development of oil and gas More
ShaMaran 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 ShaMaran Petroleum's pink sheet 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 ShaMaran Petroleum Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1097 | |||
| Maximum Drawdown | 36.67 | |||
| Potential Upside | 14.29 |
ShaMaran Petroleum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ShaMaran Petroleum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ShaMaran Petroleum's standard deviation. In reality, there are many statistical measures that can use ShaMaran Petroleum historical prices to predict the future ShaMaran Petroleum's volatility.| Risk Adjusted Performance | 0.1105 | |||
| Jensen Alpha | 0.64 | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | 0.7537 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ShaMaran Petroleum'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.
ShaMaran Petroleum Corp Backtested Returns
ShaMaran Petroleum appears to be out of control, given 3 months investment horizon. ShaMaran Petroleum Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the firm had a 0.14% return per unit of risk over the last 3 months. By inspecting ShaMaran Petroleum's technical indicators, you can evaluate if the expected return of 0.82% is justified by implied risk. Please review ShaMaran Petroleum's Coefficient Of Variation of 751.06, variance of 34.36, and Risk Adjusted Performance of 0.1105 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ShaMaran Petroleum holds a performance score of 10. The entity has a beta of 1.02, which indicates a somewhat significant risk relative to the market. ShaMaran Petroleum returns are very sensitive to returns on the market. As the market goes up or down, ShaMaran Petroleum is expected to follow. Please check ShaMaran Petroleum's information ratio and the relationship between the skewness and relative strength index , to make a quick decision on whether ShaMaran Petroleum's existing price patterns will revert.
Auto-correlation | -0.36 |
Poor reverse predictability
ShaMaran Petroleum Corp has poor reverse predictability. Overlapping area represents the amount of predictability between ShaMaran Petroleum time series from 9th of June 2023 to 5th of March 2024 and 5th of March 2024 to 30th 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 ShaMaran Petroleum Corp price movement. The serial correlation of -0.36 indicates that just about 36.0% of current ShaMaran Petroleum price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ShaMaran Petroleum Corp lagged returns against current returns
Autocorrelation, which is ShaMaran Petroleum pink sheet'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 ShaMaran Petroleum's pink sheet expected returns. We can calculate the autocorrelation of ShaMaran Petroleum returns to help us make a trade decision. For example, suppose you find that ShaMaran Petroleum has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
ShaMaran 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 ShaMaran Petroleum pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ShaMaran Petroleum pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ShaMaran Petroleum pink sheet over time.
Current vs Lagged Prices |
| Timeline |
ShaMaran Petroleum Lagged Returns
When evaluating ShaMaran Petroleum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ShaMaran Petroleum pink sheet have on its future price. ShaMaran 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, ShaMaran Petroleum autocorrelation shows the relationship between ShaMaran Petroleum pink sheet current value and its past values and can show if there is a momentum factor associated with investing in ShaMaran Petroleum Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in ShaMaran Pink Sheet
ShaMaran Petroleum financial ratios help investors to determine whether ShaMaran Pink Sheet 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 ShaMaran with respect to the benefits of owning ShaMaran Petroleum security.