Empire Petroleum Corp Stock Price on April 1, 2024
| EP Stock | USD 6.97 0.19 2.80% |
If you're considering investing in Empire Stock, it is important to understand the factors that can impact its price. As of today, the current price of Empire Petroleum stands at 6.97, as last reported on the 22nd of May, with the highest price reaching 7.19 and the lowest price hitting 6.72 during the day. Empire Petroleum appears to be moderately volatile, given 3 months investment horizon. Empire Petroleum Corp secures Sharpe Ratio (or Efficiency) of 0.0779, which denotes the company had a 0.0779% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Empire Petroleum Corp, which you can use to evaluate the volatility of the firm. Please utilize Empire Petroleum's Coefficient Of Variation of 1283.8, mean deviation of 3.41, and Downside Deviation of 4.22 to check if our risk estimates are consistent with your expectations.
Empire Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Empire |
Sharpe Ratio = 0.0779
| Best Portfolio | Best Equity | |||
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| Small Returns | EP | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 4.17 actual daily | 36 64% of assets are more volatile |
Expected Return
| 0.33 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Empire Petroleum is performing at about 6% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Empire Petroleum by adding it to a well-diversified portfolio.
Empire Petroleum Valuation on April 1, 2024
It is possible to determine the worth of Empire Petroleum on a given historical date. On April 1, 2024 Empire was worth 5.25 at the beginning of the trading date compared to the closed value of 5.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Empire Petroleum stock. Still, in general, we apply an absolute valuation method to find Empire Petroleum's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Empire Petroleum where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Empire Petroleum's related companies.
| Open | High | Low | Close | Volume | |
| 4.92 | 5.34 | 4.87 | 5.11 | 52,584 | |
04/01/2024 | 5.25 | 5.25 | 4.91 | 5.00 | 39,733 |
| 5.00 | 5.41 | 4.92 | 5.29 | 58,217 |
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Empire Petroleum Trading Date Momentum on April 1, 2024
| On April 02 2024 Empire Petroleum Corp was traded for 5.29 at the closing time. The highest price during the trading period was 5.41 and the lowest recorded bid was listed for 4.92 . The volume for the day was 58.2 K. This history from April 2, 2024 contributed to the next trading day price gain. The overall trading delta to the next closing price was 5.80% . The overall trading delta to the current price is 13.20% . |
Empire Petroleum Corp Fundamentals Correlations and Trends
By evaluating Empire Petroleum's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Empire Petroleum's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Empire financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Empire Petroleum Stock history
Empire Petroleum investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Empire is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Empire Petroleum Corp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Empire Petroleum stock prices may prove useful in developing a viable investing in Empire Petroleum
Empire Petroleum Corporation engages in the exploration and development of oil and gas interests in Louisiana, New Mexico, North Dakota, Montana, and Texas. Empire Petroleum Corporation was incorporated in 1983 and is headquartered in Tulsa, Oklahoma. Empire Petroleum operates under Oil Gas EP classification in the United States and is traded on AMEX Exchange. It employs 31 people.
Empire Petroleum Stock Technical Analysis
Empire Petroleum 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.
Price Boundaries
Empire Petroleum Period Price Range
Low | April 1, 2024
| High |
5.25 | 5.00 |
Empire Petroleum May 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Empire Petroleum stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Empire Petroleum shares will generate the highest return on investment. By undertsting and applying Empire Petroleum stock market strength indicators, traders can identify Empire Petroleum Corp entry and exit signals to maximize returns
Empire Petroleum Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Empire Petroleum's price direction in advance. Along with the technical and fundamental analysis of Empire Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Empire to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0534 | |||
| Jensen Alpha | 0.1894 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0585 | |||
| Treynor Ratio | 0.1706 |
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| Volume Indicators |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Empire Petroleum Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Complementary Tools for Empire Stock analysis
When running Empire Petroleum's price analysis, check to measure Empire Petroleum'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 Empire Petroleum is operating at the current time. Most of Empire Petroleum's value examination focuses on studying past and present price action to predict the probability of Empire Petroleum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Empire Petroleum's price. Additionally, you may evaluate how the addition of Empire Petroleum to your portfolios can decrease your overall portfolio volatility.
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Is Empire Petroleum'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 Empire Petroleum. If investors know Empire 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 Empire Petroleum listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Empire Petroleum Corp is measured differently than its book value, which is the value of Empire that is recorded on the company's balance sheet. Investors also form their own opinion of Empire Petroleum's value that differs from its market value or its book value, called intrinsic value, which is Empire Petroleum'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 Empire Petroleum's market value can be influenced by many factors that don't directly affect Empire Petroleum'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 Empire Petroleum's value and its price as these two are different measures arrived at by different means. Investors typically determine if Empire Petroleum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Empire Petroleum'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.