Awilco Drilling Plc Stock Market Value
| AWLCF Stock | USD 1.46 0.00 0.00% |
| Symbol | Awilco |
Awilco Drilling '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 Awilco Drilling's otc stock 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 Awilco Drilling.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Awilco Drilling on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Awilco Drilling PLC or generate 0.0% return on investment in Awilco Drilling over 30 days. Awilco Drilling is related to or competes with AKITA Drilling, Cathedral Energy, Seadrill, Noble Plc, Borr Drilling, and PHX Energy. Awilco Drilling PLC provides drilling services to oil and gas companies in the United Kingdom and Norway More
Awilco Drilling 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 Awilco Drilling's otc stock 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 Awilco Drilling PLC upside and downside potential and time the market with a certain degree of confidence.
Awilco Drilling Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Awilco Drilling's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Awilco Drilling's standard deviation. In reality, there are many statistical measures that can use Awilco Drilling historical prices to predict the future Awilco Drilling's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Awilco Drilling'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.
Awilco Drilling PLC Backtested Returns
We have found three technical indicators for Awilco Drilling PLC, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and Awilco Drilling are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Awilco Drilling PLC has no correlation between past and present. Overlapping area represents the amount of predictability between Awilco Drilling time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd 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 Awilco Drilling PLC price movement. The serial correlation of 0.0 indicates that just 0.0% of current Awilco Drilling price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Awilco Drilling PLC lagged returns against current returns
Autocorrelation, which is Awilco Drilling otc stock'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 Awilco Drilling's otc stock expected returns. We can calculate the autocorrelation of Awilco Drilling returns to help us make a trade decision. For example, suppose you find that Awilco Drilling has exhibited high autocorrelation historically, and you observe that the otc stock 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 |
Awilco Drilling 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 Awilco Drilling otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Awilco Drilling otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Awilco Drilling otc stock over time.
Current vs Lagged Prices |
| Timeline |
Awilco Drilling Lagged Returns
When evaluating Awilco Drilling's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Awilco Drilling otc stock have on its future price. Awilco Drilling 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, Awilco Drilling autocorrelation shows the relationship between Awilco Drilling otc stock current value and its past values and can show if there is a momentum factor associated with investing in Awilco Drilling PLC.
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 Awilco Drilling 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, Awilco Drilling's short interest history, or implied volatility extrapolated from Awilco Drilling options trading.
Pair Trading with Awilco Drilling
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 Awilco Drilling 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 Awilco Drilling will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Awilco Drilling could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Awilco Drilling 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 Awilco Drilling - 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 Awilco Drilling PLC to buy it.
The correlation of Awilco Drilling 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 Awilco Drilling moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Awilco Drilling PLC 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 Awilco Drilling 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 Awilco Drilling Correlation, Awilco Drilling Volatility and Awilco Drilling Alpha and Beta module to complement your research on Awilco Drilling. Note that the Awilco Drilling PLC information on this page should be used as a complementary analysis to other Awilco Drilling'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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Complementary Tools for Awilco OTC Stock analysis
When running Awilco Drilling's price analysis, check to measure Awilco Drilling'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 Awilco Drilling is operating at the current time. Most of Awilco Drilling's value examination focuses on studying past and present price action to predict the probability of Awilco Drilling's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Awilco Drilling's price. Additionally, you may evaluate how the addition of Awilco Drilling to your portfolios can decrease your overall portfolio volatility.
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Awilco Drilling technical otc stock 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, otc market cycles, or different charting patterns.