Sinopec Oilfield Service Stock Market Value
YZCFF Stock | USD 0.06 0.0001 0.16% |
Symbol | Sinopec |
Sinopec Oilfield '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 Sinopec Oilfield'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 Sinopec Oilfield.
02/28/2024 |
| 03/29/2024 |
If you would invest 0.00 in Sinopec Oilfield on February 28, 2024 and sell it all today you would earn a total of 0.00 from holding Sinopec Oilfield Service or generate 0.0% return on investment in Sinopec Oilfield over 30 days. Sinopec Oilfield is related to or competes with Microsoft, Apple, NVIDIA, Alphabet, Amazon, Meta Platforms, and Verizon Communications. Sinopec Oilfield Service Corporation provides petroleum engineering and technology services More
Sinopec Oilfield 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 Sinopec Oilfield'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 Sinopec Oilfield Service upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.40) | |||
Maximum Drawdown | 3.96 |
Sinopec Oilfield Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sinopec Oilfield's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sinopec Oilfield's standard deviation. In reality, there are many statistical measures that can use Sinopec Oilfield historical prices to predict the future Sinopec Oilfield's volatility.Risk Adjusted Performance | (0.07) | |||
Jensen Alpha | (0.09) | |||
Total Risk Alpha | (0.18) | |||
Treynor Ratio | (0.42) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sinopec Oilfield'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.
Sinopec Oilfield Service Backtested Returns
Sinopec Oilfield Service owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.13, which indicates the firm had a -0.13% return per unit of risk over the last 3 months. Sinopec Oilfield Service exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sinopec Oilfield's Coefficient Of Variation of (781.27), variance of 0.2374, and Risk Adjusted Performance of (0.07) to confirm the risk estimate we provide. The entity has a beta of 0.17, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sinopec Oilfield's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sinopec Oilfield is expected to be smaller as well. Sinopec Oilfield Service has an expected return of -0.0675%. Please make sure to validate Sinopec Oilfield jensen alpha, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to decide if Sinopec Oilfield Service performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.42 |
Average predictability
Sinopec Oilfield Service has average predictability. Overlapping area represents the amount of predictability between Sinopec Oilfield time series from 28th of February 2024 to 14th of March 2024 and 14th of March 2024 to 29th of March 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 Sinopec Oilfield Service price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Sinopec Oilfield price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.42 | |
Spearman Rank Test | -0.2 | |
Residual Average | 0.0 | |
Price Variance | 0.0 |
Sinopec Oilfield Service lagged returns against current returns
Autocorrelation, which is Sinopec Oilfield 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 Sinopec Oilfield's pink sheet expected returns. We can calculate the autocorrelation of Sinopec Oilfield returns to help us make a trade decision. For example, suppose you find that Sinopec Oilfield 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 |
Sinopec Oilfield 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 Sinopec Oilfield pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sinopec Oilfield pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sinopec Oilfield pink sheet over time.
Current vs Lagged Prices |
Timeline |
Sinopec Oilfield Lagged Returns
When evaluating Sinopec Oilfield's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sinopec Oilfield pink sheet have on its future price. Sinopec Oilfield 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, Sinopec Oilfield autocorrelation shows the relationship between Sinopec Oilfield pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Sinopec Oilfield Service.
Regressed Prices |
Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Sinopec Oilfield in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Sinopec Oilfield's short interest history, or implied volatility extrapolated from Sinopec Oilfield options trading.
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.CLSK | CleanSpark | |
V | Visa Class A | |
CDLX | Cardlytics |
Check out Sinopec Oilfield Correlation, Sinopec Oilfield Volatility and Sinopec Oilfield Alpha and Beta module to complement your research on Sinopec Oilfield. Note that the Sinopec Oilfield Service information on this page should be used as a complementary analysis to other Sinopec Oilfield's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Complementary Tools for Sinopec Pink Sheet analysis
When running Sinopec Oilfield's price analysis, check to measure Sinopec Oilfield'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 Sinopec Oilfield is operating at the current time. Most of Sinopec Oilfield's value examination focuses on studying past and present price action to predict the probability of Sinopec Oilfield's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sinopec Oilfield's price. Additionally, you may evaluate how the addition of Sinopec Oilfield to your portfolios can decrease your overall portfolio volatility.
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Sinopec Oilfield technical pink sheet 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, pink sheet market cycles, or different charting patterns.