Karoon Energy Stock Market Value
| KRNGF Stock | USD 1.24 0.01 0.80% |
| Symbol | Karoon |
Karoon Energy '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 Karoon Energy'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 Karoon Energy.
| 02/04/2024 |
| 05/04/2024 |
If you would invest 0.00 in Karoon Energy on February 4, 2024 and sell it all today you would earn a total of 0.00 from holding Karoon Energy or generate 0.0% return on investment in Karoon Energy over 90 days. Karoon Energy is related to or competes with Pioneer Natural, Permian Resources, Devon Energy, EOG Resources, Coterra Energy, Diamondback Energy, and ConocoPhillips. Karoon Energy Ltd operates as an oil and gas exploration and production company in Australia and Brazil More
Karoon Energy 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 Karoon Energy'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 Karoon Energy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 15.93 | |||
| Value At Risk | (3.65) |
Karoon Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Karoon Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Karoon Energy's standard deviation. In reality, there are many statistical measures that can use Karoon Energy historical prices to predict the future Karoon Energy's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | 0.3302 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Karoon Energy'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.
Karoon Energy Backtested Returns
Karoon Energy has Sharpe Ratio of -0.02, which conveys that the firm had a -0.02% return per unit of risk over the last 3 months. Karoon Energy exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Karoon Energy's Standard Deviation of 2.32, risk adjusted performance of (0.01), and Mean Deviation of 0.7673 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.17, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Karoon Energy are expected to decrease at a much lower rate. During the bear market, Karoon Energy is likely to outperform the market. Karoon Energy has an expected return of -0.0471%. Please make sure to verify Karoon Energy jensen alpha, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Karoon Energy performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.08 |
Virtually no predictability
Karoon Energy has virtually no predictability. Overlapping area represents the amount of predictability between Karoon Energy time series from 4th of February 2024 to 20th of March 2024 and 20th of March 2024 to 4th 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 Karoon Energy price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Karoon Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Karoon Energy lagged returns against current returns
Autocorrelation, which is Karoon Energy 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 Karoon Energy's pink sheet expected returns. We can calculate the autocorrelation of Karoon Energy returns to help us make a trade decision. For example, suppose you find that Karoon Energy 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 |
Karoon Energy 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 Karoon Energy pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Karoon Energy pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Karoon Energy pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Karoon Energy Lagged Returns
When evaluating Karoon Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Karoon Energy pink sheet have on its future price. Karoon Energy 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, Karoon Energy autocorrelation shows the relationship between Karoon Energy pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Karoon Energy.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Karoon Energy Correlation, Karoon Energy Volatility and Karoon Energy Alpha and Beta module to complement your research on Karoon Energy. Note that the Karoon Energy information on this page should be used as a complementary analysis to other Karoon Energy'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 Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Complementary Tools for Karoon Pink Sheet analysis
When running Karoon Energy's price analysis, check to measure Karoon Energy'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 Karoon Energy is operating at the current time. Most of Karoon Energy's value examination focuses on studying past and present price action to predict the probability of Karoon Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Karoon Energy's price. Additionally, you may evaluate how the addition of Karoon Energy to your portfolios can decrease your overall portfolio volatility.
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Karoon Energy 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.