EOG RESOURCES INC Market Value
| 26875PAU5 | 98.84 1.82 1.88% |
| Symbol | 26875PAU5 |
26875PAU5 '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 26875PAU5's bond 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 26875PAU5.
| 10/26/2024 |
| 12/25/2024 |
If you would invest 0.00 in 26875PAU5 on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding EOG RESOURCES INC or generate 0.0% return on investment in 26875PAU5 over 60 days. 26875PAU5 is related to or competes with United Homes, Boston Properties, Summit Materials, LGI Homes, Zijin Mining, Bassett Furniture, and Summa Silver. More
26875PAU5 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 26875PAU5's bond 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 EOG RESOURCES INC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 4.74 | |||
| Value At Risk | (0.69) | |||
| Potential Upside | 0.8544 |
26875PAU5 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 26875PAU5's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 26875PAU5's standard deviation. In reality, there are many statistical measures that can use 26875PAU5 historical prices to predict the future 26875PAU5's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.18) |
EOG RESOURCES INC Backtested Returns
EOG RESOURCES INC secures Sharpe Ratio (or Efficiency) of -0.0637, which signifies that the bond had a -0.0637% return per unit of price deviation over the last 3 months. EOG RESOURCES INC exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 26875PAU5's Information Ratio of (0.10), mean deviation of 0.3994, and Standard Deviation of 0.7388 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.23, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 26875PAU5's returns are expected to increase less than the market. However, during the bear market, the loss of holding 26875PAU5 is expected to be smaller as well.
Auto-correlation | 0.37 |
Below average predictability
EOG RESOURCES INC has below average predictability. Overlapping area represents the amount of predictability between 26875PAU5 time series from 26th of October 2024 to 25th of November 2024 and 25th of November 2024 to 25th 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 EOG RESOURCES INC price movement. The serial correlation of 0.37 indicates that just about 37.0% of current 26875PAU5 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.38 |
EOG RESOURCES INC lagged returns against current returns
Autocorrelation, which is 26875PAU5 bond'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 26875PAU5's bond expected returns. We can calculate the autocorrelation of 26875PAU5 returns to help us make a trade decision. For example, suppose you find that 26875PAU5 has exhibited high autocorrelation historically, and you observe that the bond 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 |
26875PAU5 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 26875PAU5 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 26875PAU5 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 26875PAU5 bond over time.
Current vs Lagged Prices |
| Timeline |
26875PAU5 Lagged Returns
When evaluating 26875PAU5's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 26875PAU5 bond have on its future price. 26875PAU5 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, 26875PAU5 autocorrelation shows the relationship between 26875PAU5 bond current value and its past values and can show if there is a momentum factor associated with investing in EOG RESOURCES INC.
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 26875PAU5 Bond
26875PAU5 financial ratios help investors to determine whether 26875PAU5 Bond 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 26875PAU5 with respect to the benefits of owning 26875PAU5 security.