Xcana Petroleum Stock Market Value
| XCPT Stock | USD 0.03 0.00 0.00% |
| Symbol | XCana |
XCana 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 XCana 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 XCana Petroleum.
| 12/10/2023 |
| 12/04/2024 |
If you would invest 0.00 in XCana Petroleum on December 10, 2023 and sell it all today you would earn a total of 0.00 from holding XCana Petroleum or generate 0.0% return on investment in XCana Petroleum over 360 days. XCana Petroleum is related to or competes with Xtra Energy. XCana Petroleum Corporation, an oil and gas company, is engaged in exploiting oil and gas reserves in the Western Canadi... More
XCana 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 XCana 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 XCana Petroleum upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0864 | |||
| Maximum Drawdown | 278.18 |
XCana Petroleum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for XCana Petroleum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as XCana Petroleum's standard deviation. In reality, there are many statistical measures that can use XCana Petroleum historical prices to predict the future XCana Petroleum's volatility.| Risk Adjusted Performance | 0.0784 | |||
| Jensen Alpha | 3.31 | |||
| Total Risk Alpha | (1.44) | |||
| Treynor Ratio | (0.58) |
XCana Petroleum Backtested Returns
XCana Petroleum is out of control given 3 months investment horizon. XCana Petroleum shows Sharpe Ratio of 0.0914, which attests that the company had a 0.0914% return per unit of risk over the last 3 months. We were able to interpolate data for seventeen different technical indicators, which can help you to evaluate if expected returns of 2.91% are justified by taking the suggested risk. Use XCana Petroleum Mean Deviation of 9.64, standard deviation of 31.38, and Market Risk Adjusted Performance of (0.57) to evaluate company specific risk that cannot be diversified away. XCana Petroleum holds a performance score of 7 on a scale of zero to a hundred. The firm maintains a market beta of -4.84, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning XCana Petroleum are expected to decrease by larger amounts. On the other hand, during market turmoil, XCana Petroleum is expected to outperform it. Use XCana Petroleum mean deviation, maximum drawdown, as well as the relationship between the Maximum Drawdown and relative strength index , to analyze future returns on XCana Petroleum.
Auto-correlation | 0.27 |
Poor predictability
XCana Petroleum has poor predictability. Overlapping area represents the amount of predictability between XCana Petroleum time series from 10th of December 2023 to 7th of June 2024 and 7th of June 2024 to 4th 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 XCana Petroleum price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current XCana Petroleum price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
XCana Petroleum lagged returns against current returns
Autocorrelation, which is XCana 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 XCana Petroleum's pink sheet expected returns. We can calculate the autocorrelation of XCana Petroleum returns to help us make a trade decision. For example, suppose you find that XCana 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 |
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XCana 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 XCana Petroleum pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if XCana 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 XCana Petroleum pink sheet over time.
Current vs Lagged Prices |
| Timeline |
XCana Petroleum Lagged Returns
When evaluating XCana Petroleum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of XCana Petroleum pink sheet have on its future price. XCana 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, XCana Petroleum autocorrelation shows the relationship between XCana Petroleum pink sheet current value and its past values and can show if there is a momentum factor associated with investing in XCana Petroleum.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for XCana Pink Sheet Analysis
When running XCana Petroleum's price analysis, check to measure XCana Petroleum's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy XCana Petroleum is operating at the current time. Most of XCana Petroleum's value examination focuses on studying past and present price action to predict the probability of XCana Petroleum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move XCana Petroleum's price. Additionally, you may evaluate how the addition of XCana Petroleum to your portfolios can decrease your overall portfolio volatility.