Crescent Point Energy Stock Market Value
| CPG Stock | USD 8.44 0.07 0.82% |
| Symbol | Crescent |
Crescent Point Energy Price To Book Ratio
Is Crescent Point's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Crescent Point. If investors know Crescent will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Crescent Point listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.33) | Dividend Share 0.4 | Earnings Share 1.06 | Revenue Per Share 5.846 | Quarterly Revenue Growth 0.078 |
The market value of Crescent Point Energy is measured differently than its book value, which is the value of Crescent that is recorded on the company's balance sheet. Investors also form their own opinion of Crescent Point's value that differs from its market value or its book value, called intrinsic value, which is Crescent Point's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Crescent Point's market value can be influenced by many factors that don't directly affect Crescent Point's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Crescent Point's value and its price as these two are different measures arrived at by different means. Investors typically determine if Crescent Point is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Crescent Point's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Crescent Point '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 Crescent Point's 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 Crescent Point.
| 03/19/2024 |
| 04/18/2024 |
If you would invest 0.00 in Crescent Point on March 19, 2024 and sell it all today you would earn a total of 0.00 from holding Crescent Point Energy or generate 0.0% return on investment in Crescent Point over 30 days. Crescent Point is related to or competes with Vermilion Energy, Canadian Natural, Enerplus, Baytex Energy, Ovintiv, Obsidian Energy, and Vital Energy. Crescent Point Energy Corp. explores, develops, and produces light and medium crude oil, natural gas liquids, and natura... More
Crescent Point 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 Crescent Point's 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 Crescent Point Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.51 | |||
| Information Ratio | 0.2095 | |||
| Maximum Drawdown | 8.71 | |||
| Value At Risk | (2.42) | |||
| Potential Upside | 2.7 |
Crescent Point Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Crescent Point's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Crescent Point's standard deviation. In reality, there are many statistical measures that can use Crescent Point historical prices to predict the future Crescent Point's volatility.| Risk Adjusted Performance | 0.1593 | |||
| Jensen Alpha | 0.3432 | |||
| Total Risk Alpha | 0.274 | |||
| Sortino Ratio | 0.2301 | |||
| Treynor Ratio | 0.353 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Crescent Point'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.
Crescent Point Energy Backtested Returns
Crescent Point appears to be not too volatile, given 3 months investment horizon. Crescent Point Energy secures Sharpe Ratio (or Efficiency) of 0.29, which signifies that the company had a 0.29% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Crescent Point Energy, which you can use to evaluate the volatility of the firm. Please makes use of Crescent Point's risk adjusted performance of 0.1593, and Mean Deviation of 1.26 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Crescent Point holds a performance score of 22. The firm shows a Beta (market volatility) of 1.12, which signifies a somewhat significant risk relative to the market. Crescent Point returns are very sensitive to returns on the market. As the market goes up or down, Crescent Point is expected to follow. Please check Crescent Point's potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to make a quick decision on whether Crescent Point's price patterns will revert.
Auto-correlation | -0.79 |
Almost perfect reverse predictability
Crescent Point Energy has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Crescent Point time series from 19th of March 2024 to 3rd of April 2024 and 3rd of April 2024 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 Crescent Point Energy price movement. The serial correlation of -0.79 indicates that around 79.0% of current Crescent Point price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.79 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Crescent Point Energy lagged returns against current returns
Autocorrelation, which is Crescent Point 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 Crescent Point's stock expected returns. We can calculate the autocorrelation of Crescent Point returns to help us make a trade decision. For example, suppose you find that Crescent Point has exhibited high autocorrelation historically, and you observe that the 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 |
Crescent Point 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 Crescent Point stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Crescent Point stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Crescent Point stock over time.
Current vs Lagged Prices |
| Timeline |
Crescent Point Lagged Returns
When evaluating Crescent Point's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Crescent Point stock have on its future price. Crescent Point 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, Crescent Point autocorrelation shows the relationship between Crescent Point stock current value and its past values and can show if there is a momentum factor associated with investing in Crescent Point Energy.
Regressed Prices |
| Timeline |
Pair Trading with Crescent Point
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 Crescent Point 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 Crescent Point will appreciate offsetting losses from the drop in the long position's value.Moving together with Crescent Stock
| 0.97 | AR | Antero Resources Corp Earnings Call This Week | PairCorr |
| 0.98 | PR | Permian Resources Financial Report 13th of May 2024 | PairCorr |
| 0.96 | SD | SandRidge Energy | PairCorr |
| 0.98 | SM | SM Energy Earnings Call This Week | PairCorr |
Moving against Crescent Stock
| 0.72 | EP | Empire Petroleum Corp | PairCorr |
| 0.66 | VIVK | Vivakor Report 23rd of May 2024 | PairCorr |
The ability to find closely correlated positions to Crescent Point could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Crescent Point 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 Crescent Point - 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 Crescent Point Energy to buy it.
The correlation of Crescent Point 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 Crescent Point moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Crescent Point Energy 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 Crescent Point 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 Crescent Point Correlation, Crescent Point Volatility and Crescent Point Alpha and Beta module to complement your research on Crescent Point. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Complementary Tools for Crescent Stock analysis
When running Crescent Point's price analysis, check to measure Crescent Point'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 Crescent Point is operating at the current time. Most of Crescent Point's value examination focuses on studying past and present price action to predict the probability of Crescent Point's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Crescent Point's price. Additionally, you may evaluate how the addition of Crescent Point to your portfolios can decrease your overall portfolio volatility.
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Crescent Point technical 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, stock market cycles, or different charting patterns.