Condor Petroleum Stock Market Value
| CNPRF Stock | USD 1.36 0.17 11.11% |
| Symbol | Condor |
Condor 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 Condor 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 Condor Petroleum.
| 04/29/2022 |
| 04/18/2024 |
If you would invest 0.00 in Condor Petroleum on April 29, 2022 and sell it all today you would earn a total of 0.00 from holding Condor Petroleum or generate 0.0% return on investment in Condor Petroleum over 720 days. Condor Petroleum is related to or competes with Compania, McEwen Mining, Endeavour Silver, Hecla Mining, and SilverCrest Metals. Condor Energies Inc., an oil and gas company, engages in the exploration, development, and production of oil and gas pro... More
Condor 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 Condor 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 Condor Petroleum upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 19.04 | |||
| Information Ratio | 0.0743 | |||
| Maximum Drawdown | 138.22 | |||
| Value At Risk | (13.27) | |||
| Potential Upside | 12.9 |
Condor Petroleum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Condor Petroleum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Condor Petroleum's standard deviation. In reality, there are many statistical measures that can use Condor Petroleum historical prices to predict the future Condor Petroleum's volatility.| Risk Adjusted Performance | 0.0584 | |||
| Jensen Alpha | 1.52 | |||
| Total Risk Alpha | 0.0828 | |||
| Sortino Ratio | 0.0688 | |||
| Treynor Ratio | (0.38) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Condor 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.
Condor Petroleum Backtested Returns
Condor Petroleum is out of control given 3 months investment horizon. Condor Petroleum secures Sharpe Ratio (or Efficiency) of 0.0792, which signifies that the company had a 0.0792% return per unit of risk over the last 3 months. We were able to interpolate data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.43% are justified by taking the suggested risk. Use Condor Petroleum Mean Deviation of 6.34, risk adjusted performance of 0.0584, and Downside Deviation of 19.04 to evaluate company specific risk that cannot be diversified away. Condor Petroleum holds a performance score of 6 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -3.58, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Condor Petroleum are expected to decrease by larger amounts. On the other hand, during market turmoil, Condor Petroleum is expected to outperform it. Use Condor Petroleum sortino ratio, skewness, relative strength index, as well as the relationship between the potential upside and day median price , to analyze future returns on Condor Petroleum.
Auto-correlation | -0.68 |
Very good reverse predictability
Condor Petroleum has very good reverse predictability. Overlapping area represents the amount of predictability between Condor Petroleum time series from 29th of April 2022 to 24th of April 2023 and 24th of April 2023 to 18th of April 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 Condor Petroleum price movement. The serial correlation of -0.68 indicates that around 68.0% of current Condor Petroleum price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Condor Petroleum lagged returns against current returns
Autocorrelation, which is Condor 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 Condor Petroleum's pink sheet expected returns. We can calculate the autocorrelation of Condor Petroleum returns to help us make a trade decision. For example, suppose you find that Condor 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 |
Condor 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 Condor Petroleum pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Condor 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 Condor Petroleum pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Condor Petroleum Lagged Returns
When evaluating Condor Petroleum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Condor Petroleum pink sheet have on its future price. Condor 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, Condor Petroleum autocorrelation shows the relationship between Condor Petroleum pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Condor Petroleum.
Regressed Prices |
| Timeline |
Pair Trading with Condor Petroleum
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Condor Petroleum position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Condor Petroleum will appreciate offsetting losses from the drop in the long position's value.Moving against Condor Pink Sheet
| 0.57 | CSCO | Cisco Systems Fiscal Quarter End 30th of April 2024 | PairCorr |
The ability to find closely correlated positions to Condor Petroleum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Condor Petroleum when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Condor Petroleum - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Condor Petroleum to buy it.
The correlation of Condor Petroleum is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Condor Petroleum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Condor Petroleum moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Condor Petroleum can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Condor Petroleum Correlation, Condor Petroleum Volatility and Condor Petroleum Alpha and Beta module to complement your research on Condor Petroleum. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Complementary Tools for Condor Pink Sheet analysis
When running Condor Petroleum's price analysis, check to measure Condor 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 Condor Petroleum is operating at the current time. Most of Condor Petroleum's value examination focuses on studying past and present price action to predict the probability of Condor 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 Condor Petroleum's price. Additionally, you may evaluate how the addition of Condor Petroleum to your portfolios can decrease your overall portfolio volatility.
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Condor Petroleum 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.