Harvest Oil Gas Stock Market Value
| HRST Stock | USD 2.43 0.13 5.08% |
| Symbol | Harvest |
Harvest Oil '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 Harvest Oil'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 Harvest Oil.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Harvest Oil on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Harvest Oil Gas or generate 0.0% return on investment in Harvest Oil over 30 days. Harvest Oil is related to or competes with Indo Tambangraya, Bukit Asam, Geo Energy, Yancoal Australia, New HopeLtd, Thungela Resources, and Whitehaven Coal. Harvest Oil Gas Corp., an independent oil and natural gas company, engages in the development and production of oil and ... More
Harvest Oil 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 Harvest Oil'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 Harvest Oil Gas upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0979 | |||
| Maximum Drawdown | 26.87 |
Harvest Oil Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Harvest Oil's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Harvest Oil's standard deviation. In reality, there are many statistical measures that can use Harvest Oil historical prices to predict the future Harvest Oil's volatility.| Risk Adjusted Performance | 0.085 | |||
| Jensen Alpha | 0.4178 | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | (2.16) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Harvest Oil'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.
Harvest Oil Gas Backtested Returns
Harvest Oil appears to be risky, given 3 months investment horizon. Harvest Oil Gas holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13% return per unit of risk over the last 3 months. We have found nineteen technical indicators for Harvest Oil Gas, which you can use to evaluate the volatility of the firm. Please utilize Harvest Oil's Market Risk Adjusted Performance of (2.15), standard deviation of 3.31, and Risk Adjusted Performance of 0.085 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Harvest Oil holds a performance score of 10. The company retains a Market Volatility (i.e., Beta) of -0.19, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Harvest Oil are expected to decrease at a much lower rate. During the bear market, Harvest Oil is likely to outperform the market. Please check Harvest Oil's jensen alpha and day median price , to make a quick decision on whether Harvest Oil's current trending patterns will revert.
Auto-correlation | 0.00 |
No correlation between past and present
Harvest Oil Gas has no correlation between past and present. Overlapping area represents the amount of predictability between Harvest Oil 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 Harvest Oil Gas price movement. The serial correlation of 0.0 indicates that just 0.0% of current Harvest Oil 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 |
Harvest Oil Gas lagged returns against current returns
Autocorrelation, which is Harvest Oil 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 Harvest Oil's pink sheet expected returns. We can calculate the autocorrelation of Harvest Oil returns to help us make a trade decision. For example, suppose you find that Harvest Oil 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 |
Harvest Oil 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 Harvest Oil pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Harvest Oil pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Harvest Oil pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Harvest Oil Lagged Returns
When evaluating Harvest Oil's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Harvest Oil pink sheet have on its future price. Harvest Oil 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, Harvest Oil autocorrelation shows the relationship between Harvest Oil pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Harvest Oil Gas.
Regressed Prices |
| Timeline |
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Complementary Tools for Harvest Pink Sheet analysis
When running Harvest Oil's price analysis, check to measure Harvest Oil'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 Harvest Oil is operating at the current time. Most of Harvest Oil's value examination focuses on studying past and present price action to predict the probability of Harvest Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Harvest Oil's price. Additionally, you may evaluate how the addition of Harvest Oil to your portfolios can decrease your overall portfolio volatility.
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Harvest Oil 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.