Crescent Point Energy Stock Market Value
| CPG Stock | CAD 11.86 0.21 1.80% |
| Symbol | Crescent |
Crescent Point Energy Price To Book Ratio
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.
| 05/05/2024 |
| 06/04/2024 |
If you would invest 0.00 in Crescent Point on May 5, 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 Forum Energy, EcoSynthetix, Rubicon Organics, IShares SPTSX, and Toronto Dominion. 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 | 1.7 | |||
| Information Ratio | 0.1961 | |||
| Maximum Drawdown | 7.31 | |||
| Value At Risk | (2.82) | |||
| Potential Upside | 2.66 |
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 | 0.1437 | |||
| Jensen Alpha | 0.3307 | |||
| Total Risk Alpha | 0.2623 | |||
| Sortino Ratio | 0.1766 | |||
| Treynor Ratio | (1.64) |
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 0.18, which signifies that the company had a 0.18% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Crescent Point Energy, which you can use to evaluate the volatility of the firm. Please makes use of Crescent Point's mean deviation of 1.16, and Risk Adjusted Performance of 0.1437 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 13. The firm shows a Beta (market volatility) of -0.2, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Crescent Point are expected to decrease at a much lower rate. During the bear market, Crescent Point is likely to outperform the market. Please check Crescent Point's treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to make a quick decision on whether Crescent Point's price patterns will revert.
Auto-correlation | -0.26 |
Weak reverse predictability
Crescent Point Energy has weak reverse predictability. Overlapping area represents the amount of predictability between Crescent Point time series from 5th of May 2024 to 20th of May 2024 and 20th of May 2024 to 4th of June 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 -0.26 indicates that nearly 26.0% of current Crescent Point price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
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 |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Crescent Stock
Crescent Point financial ratios help investors to determine whether Crescent Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Crescent with respect to the benefits of owning Crescent Point security.