9/22/09

Share price of select energy companies. Part 2


Figure 12. Observed and 3-C predicted Halliburton share prices: HAL(t) = -3.66*EC(t-6) +2.42*CF(t+1) - 0.41*(t-2000) - 37, where EC is the index of education and communication and CF is the headline CPI less food. Standard deviation is $2.35.

Figure 13. Observed and 3-C predicted Hess CP share prices: HES(t) = 0.61*E(t+1) + 4.1*RENT(t-7) – 26.4*(t-2000) - 865.7, where EC is the index of education and communication and CF is the headline CPI less food. Standard deviation is $5.92.


Figure 14. Observed and 3-C predicted Massey Energy CP share prices: MEE(t) = 3.25*CSH(t+1) - 6.37*CFSHE(t-11) + 2.33*(t-2000) + 592.9, where CSH is the headline CPI less shelter and CFSHE is the headline CPI less food, shelter and energy. Standard deviation is $6.30.


Figure 15. Observed and 3-C predicted Murphy Oil CP share prices: MUR(t) = 0.83*T(t+1) – 6.25*HFO(t) + 6.20*(t-2000) + 655.9, where T is the index of transportation and HFO is the index of household furnishing and operations. Standard deviation is $4.27.


Figure 16. Observed and 3-C predicted Noble Energy share prices: NBL(t) = 0.86*T(t+2) + 2.88*RENT(t-3) - 15.8*(t-2000) - 694.4, where T is the index of transportation and RENT is the index of rent. Standard deviation is $3.97.

Figure 17. Observed and 3-C predicted National Oilwell Varco share prices: NOV(t) = 4.13*C(t+1) – 10.87*HFO(t+1) - 9.26*(t-2000) + 641.5, where C is the headline CPI and HFO is the index of household furnishing and operations. Standard deviation is $5.28.

Figure 18. Observed and 3-C predicted Occidental Petroleum share prices: OXY(t) = 0.73*T(t+1) + 1.17*MCS(t-5) - 12.36*(t-2000) - 405.5, where T is the index of transportation and MCS is the index of medical care services. Standard deviation is $3.25.

Figure 19. Observed and 3-C predicted Pioneer Natural Resources share prices: PXD(t) = - 3.24*EC(t-6) + 0.43*E(t+1) + 4.08*(t-2000) + 305.6, where EC is the index of education and communication and E is the index of energy. Standard deviation is $3.73.

Figure 20. Observed and 3-C predicted Rowan Companies share prices: RDC(t) = - 1.74*F(t-5) + 0.49*TPR(t+1) + 9.59*(t-2000) + 222.5, where F is the index of food and beverages and TPR is the index of private transportation. Standard deviation is $2.85.


Figure 21. Observed and 3-C predicted Schlumberger share prices: SLB(t) = - 5.47*F(t-11) + 0.93*T(t+1) + 36.9*(t-2000) + 695.9, where F is the index of food and beverages and T is the index of transportation. Standard deviation is $7.24.

Figure 22. Observed and 3-C predicted Sunoco share prices: SUN(t) = - 15.9*CO(t-8) + 10.17*HFO(t-8) - 19.8*(t-2000) + 257.7, where CO is the index of communication and HFO is the index of household furnishing and operations. Standard deviation is $6.12.

Figure 23. Observed and 3-C predicted Tesoro share prices: TSO(t) = -2.85*F(t+2) - 5.44*FB(t-11) + 54.4*(t-2000) + 1273, where F is the index of food and beverages and FB is the index of food only. Standard deviation is $6.12.

Figure 24. Observed and 3-C predicted XTO Energy share prices: XTO(t) = 1.49*CSH(t+2) – 1.73*FB(t-6) + 9.87*(t-2000) + 18.1, where CSH is the headline CPI less shelter and FB is the index of food only. Standard deviation is $3.29.

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