Obsidian Energy Stock Alpha and Beta Analysis
| OBE Stock | CAD 10.92 0.04 0.36% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Obsidian Energy. It also helps investors analyze the systematic and unsystematic risks associated with investing in Obsidian Energy over a specified time horizon. Remember, high Obsidian Energy's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Obsidian Energy's market risk premium analysis include:
Beta 1.02 | Alpha 0.23 | Risk 2.11 | Sharpe Ratio 0.17 | Expected Return 0.36 |
Enterprise Value |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Obsidian |
Obsidian Energy Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Obsidian Energy market risk premium is the additional return an investor will receive from holding Obsidian Energy long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Obsidian Energy. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Obsidian Energy's performance over market.| α | 0.23 | β | 1.02 |
Obsidian Energy expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Obsidian Energy's Buy-and-hold return. Our buy-and-hold chart shows how Obsidian Energy performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Obsidian Energy Market Price Analysis
Market price analysis indicators help investors to evaluate how Obsidian Energy stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Obsidian Energy shares will generate the highest return on investment. By understating and applying Obsidian Energy stock market price indicators, traders can identify Obsidian Energy position entry and exit signals to maximize returns.
Obsidian Energy Return and Market Media
The median price of Obsidian Energy for the period between Thu, Feb 8, 2024 and Wed, May 8, 2024 is 10.77 with a coefficient of variation of 10.77. The daily time series for the period is distributed with a sample standard deviation of 1.12, arithmetic mean of 10.42, and mean deviation of 1.02. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Obsidian Energy urged by Canadian First Nation to address quake concerns - Seeking Alpha | 02/13/2024 |
2 | Obsidian Energy Confirms Filing of Its 2023 Year End Disclosure Documents - Marketscreener.com | 02/22/2024 |
3 | Closing Bell Obsidian Energy Ltd up on Wednesday - Barchart | 02/28/2024 |
4 | Obsidian Energy Limited Free Cash Flow Expected In 2024 As It Grows Production - Seeking Alpha | 03/06/2024 |
5 | Closing Bell Obsidian Energy Ltd up on Tuesday - The Globe and Mail | 03/19/2024 |
6 | Should You Accumulate Obsidian Energy Ltd Stock Wednesday Morning - InvestorsObserver | 03/27/2024 |
7 | Obsidian Energy Ltd. Senior Officer Sells C231,112.00 in Stock - MarketBeat | 04/10/2024 |
8 | Closing Bell Obsidian Energy Ltd down on Monday - The Globe and Mail | 04/22/2024 |
9 | Obsidian Energy drilling expansion plans nixed by Canadian First Nation group - Seeking Alpha | 05/06/2024 |
About Obsidian Energy Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Obsidian or other stocks. Alpha measures the amount that position in Obsidian Energy has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2023 | 2024 (projected) | Dividend Yield | 0.11 | 0.088 | Price To Sales Ratio | 1.11 | 1.58 |
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 Obsidian Energy 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, Obsidian Energy's short interest history, or implied volatility extrapolated from Obsidian Energy options trading.
Build Portfolio with Obsidian Energy
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out Obsidian Energy Backtesting, Obsidian Energy Valuation, Obsidian Energy Correlation, Obsidian Energy Hype Analysis, Obsidian Energy Volatility, Obsidian Energy History and analyze Obsidian Energy Performance. To learn how to invest in Obsidian Stock, please use our How to Invest in Obsidian Energy guide.Note that the Obsidian Energy information on this page should be used as a complementary analysis to other Obsidian 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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Complementary Tools for Obsidian Stock analysis
When running Obsidian Energy's price analysis, check to measure Obsidian 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 Obsidian Energy is operating at the current time. Most of Obsidian Energy's value examination focuses on studying past and present price action to predict the probability of Obsidian 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 Obsidian Energy's price. Additionally, you may evaluate how the addition of Obsidian Energy to your portfolios can decrease your overall portfolio volatility.
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Obsidian Energy 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.