Motor Oil (Greece) Market Value
| MOH Stock | EUR 26.70 0.16 0.60% |
| Symbol | Motor |
Motor 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 Motor Oil'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 Motor Oil.
| 06/11/2022 |
| 05/31/2024 |
If you would invest 0.00 in Motor Oil on June 11, 2022 and sell it all today you would earn a total of 0.00 from holding Motor Oil Corinth or generate 0.0% return on investment in Motor Oil over 720 days. Motor Oil is related to or competes with Mytilineos, Hellenic Petroleum, Greek Organization, Hellenic Telecommunicatio, and Public Power. Motor Oil Corinth Refineries S.A. engages in oil refining and oil products trading in Greece and internationally More
Motor 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 Motor Oil'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 Motor Oil Corinth upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 10.17 | |||
| Value At Risk | (2.64) | |||
| Potential Upside | 2.66 |
Motor Oil Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Motor Oil's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Motor Oil's standard deviation. In reality, there are many statistical measures that can use Motor Oil historical prices to predict the future Motor Oil's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (0.16) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Motor 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.
Motor Oil Corinth Backtested Returns
Motor Oil Corinth has Sharpe Ratio of -0.0156, which conveys that the firm had a -0.0156% return per unit of risk over the last 3 months. Motor Oil exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Motor Oil's Mean Deviation of 1.37, risk adjusted performance of (0.01), and Standard Deviation of 1.81 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.42, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Motor Oil's returns are expected to increase less than the market. However, during the bear market, the loss of holding Motor Oil is expected to be smaller as well. Motor Oil Corinth has an expected return of -0.0291%. Please make sure to verify Motor Oil Corinth skewness, accumulation distribution, and the relationship between the potential upside and kurtosis , to decide if Motor Oil Corinth performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.82 |
Very good predictability
Motor Oil Corinth has very good predictability. Overlapping area represents the amount of predictability between Motor Oil time series from 11th of June 2022 to 6th of June 2023 and 6th of June 2023 to 31st of May 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 Motor Oil Corinth price movement. The serial correlation of 0.82 indicates that around 82.0% of current Motor Oil price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 3.67 |
Motor Oil Corinth lagged returns against current returns
Autocorrelation, which is Motor Oil 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 Motor Oil's stock expected returns. We can calculate the autocorrelation of Motor Oil returns to help us make a trade decision. For example, suppose you find that Motor Oil 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 |
Motor 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 Motor Oil stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Motor Oil stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Motor Oil stock over time.
Current vs Lagged Prices |
| Timeline |
Motor Oil Lagged Returns
When evaluating Motor Oil's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Motor Oil stock have on its future price. Motor 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, Motor Oil autocorrelation shows the relationship between Motor Oil stock current value and its past values and can show if there is a momentum factor associated with investing in Motor Oil Corinth.
Regressed Prices |
| Timeline |
Pair Trading with Motor Oil
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 Motor Oil 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 Motor Oil will appreciate offsetting losses from the drop in the long position's value.Moving against Motor Stock
| 0.43 | AVE | AVE SA | PairCorr |
The ability to find closely correlated positions to Motor Oil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Motor Oil 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 Motor Oil - 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 Motor Oil Corinth to buy it.
The correlation of Motor Oil 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 Motor Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Motor Oil Corinth 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 Motor Oil 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 Motor Oil Correlation, Motor Oil Volatility and Motor Oil Alpha and Beta module to complement your research on Motor Oil. Note that the Motor Oil Corinth information on this page should be used as a complementary analysis to other Motor Oil'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 Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Complementary Tools for Motor Stock analysis
When running Motor Oil's price analysis, check to measure Motor 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 Motor Oil is operating at the current time. Most of Motor Oil's value examination focuses on studying past and present price action to predict the probability of Motor 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 Motor Oil's price. Additionally, you may evaluate how the addition of Motor Oil to your portfolios can decrease your overall portfolio volatility.
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Motor Oil 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.