Empire Petroleum Corp Stock Market Value
| EP Stock | USD 7.09 0.14 1.94% |
| Symbol | Empire |
Empire Petroleum Corp Price To Book Ratio
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.
Earnings Share (0.55) | Revenue Per Share 1.767 | Quarterly Revenue Growth (0.10) | Return On Assets (0.08) | Return On Equity (0.43) |
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.
Empire Petroleum '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 Empire Petroleum'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 Empire Petroleum.
| 03/12/2024 |
| 05/11/2024 |
If you would invest 0.00 in Empire Petroleum on March 12, 2024 and sell it all today you would earn a total of 0.00 from holding Empire Petroleum Corp or generate 0.0% return on investment in Empire Petroleum over 60 days. Empire Petroleum is related to or competes with PHX Minerals, Mexco Energy, Granite Ridge, XXL Energy, Cross Timbers, VOC Energy, and North European. Empire Petroleum Corporation engages in the exploration and development of oil and gas interests in Louisiana, New Mexic... More
Empire Petroleum 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 Empire Petroleum'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 Empire Petroleum Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.2 | |||
| Information Ratio | 0.064 | |||
| Maximum Drawdown | 17.53 | |||
| Value At Risk | (6.63) | |||
| Potential Upside | 6.67 |
Empire Petroleum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Empire Petroleum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Empire Petroleum's standard deviation. In reality, there are many statistical measures that can use Empire Petroleum historical prices to predict the future Empire Petroleum's volatility.| Risk Adjusted Performance | 0.0603 | |||
| Jensen Alpha | 0.2311 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0639 | |||
| Treynor Ratio | 0.2267 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Empire Petroleum'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.
Empire Petroleum Corp Backtested Returns
Empire Petroleum appears to be moderately volatile, given 3 months investment horizon. Empire Petroleum Corp secures Sharpe Ratio (or Efficiency) of 0.0873, which denotes the company had a 0.0873% return per unit of risk over the last 3 months. We have found twenty-eight 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 1191.92, downside deviation of 4.2, and Mean Deviation of 3.37 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Empire Petroleum holds a performance score of 6. The firm shows a Beta (market volatility) of 1.51, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Empire Petroleum will likely underperform. Please check Empire Petroleum's downside variance, and the relationship between the treynor ratio and kurtosis , to make a quick decision on whether Empire Petroleum's price patterns will revert.
Auto-correlation | 0.69 |
Good predictability
Empire Petroleum Corp has good predictability. Overlapping area represents the amount of predictability between Empire Petroleum time series from 12th of March 2024 to 11th of April 2024 and 11th of April 2024 to 11th 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 Empire Petroleum Corp price movement. The serial correlation of 0.69 indicates that around 69.0% of current Empire Petroleum price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.51 |
Empire Petroleum Corp lagged returns against current returns
Autocorrelation, which is Empire Petroleum 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 Empire Petroleum's stock expected returns. We can calculate the autocorrelation of Empire Petroleum returns to help us make a trade decision. For example, suppose you find that Empire Petroleum 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 |
Empire Petroleum 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 Empire Petroleum stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Empire Petroleum stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Empire Petroleum stock over time.
Current vs Lagged Prices |
| Timeline |
Empire Petroleum Lagged Returns
When evaluating Empire Petroleum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Empire Petroleum stock have on its future price. Empire Petroleum 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, Empire Petroleum autocorrelation shows the relationship between Empire Petroleum stock current value and its past values and can show if there is a momentum factor associated with investing in Empire Petroleum Corp.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Empire Petroleum in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Empire Petroleum's short interest history, or implied volatility extrapolated from Empire Petroleum options trading.
Check out Empire Petroleum Correlation, Empire Petroleum Volatility and Empire Petroleum Alpha and Beta module to complement your research on Empire Petroleum. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
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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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.