AspectPM: Analysis Tools
The Price Calculator performs a multitude of functions for analysis, like bringing price curves together and calculating new forward curves. It uses functions like curve splicing and interpolations to combine multiple curves and time periods.
Store every forecast along with years of historical prices to produce charts that show current and historical forecasts compared against actual prices.
The Repository is a central database that allows you to manually enter market prices and curves as well as automate uploads. All data can also easily be exported.
Use the Alerts Tool to send automated messages that highlight price anomalies when prices on your watch list reach or exceed certain values. Set triggers that send automatic email reminders to personnel responsible for updating prices.
AspectPM allows forward and historical curves to be defined. Historical curves can be mapped to forward curves for analysis and reporting purposes. Other features include:
- Interpolation of prices with different time horizons such as prices in monthly and weekly buckets, and others in weekly or split horizons.
- Calculations of derived curves from other derived curves.
- Automatic volume-volume (eg. cpg to $/bbl) and volume-mass conversions between curves.
- An archive of historical forecasts for forecast accuracy analysis.
Quickly And Accurately Analyze & Validate Large Volumes Of Prices
AspectPM allows slicing-and-dicing of curves in hierarchies of data providers, locations and products. It also applies validation checking during data entry to ensure that manually entered prices are entered within sensible floors, ceilings, and deltas. A range of charting options is provided, including historical charts, forward curves mapped-to-historical equivalents and seasonal trend charts. Perhaps the most valuable feature of AspectPM is the powerful analysis you can perform with charts, which takes you beyond what you can do in spreadsheets. View scenarios using history, seasonality trends and forward pricing in the same chart. Once you load the contract history and curves you want to analyze, you simply point and click your way through the screens to change scenarios. Archive charts for future reference and historical comparisons for accuracy. This gives you an unprecedented repository of historical forecasting data. The chart above shows a 2011 forecast versus 2010 historical prices with 2010 historical forecast. This is a powerful tool in helping determine forecast accuracy.
Chart Seasonal Trends
The chart above shows three years of pricing history compared against a 4-month forward curve. Easily change criteria by choosing a different time frame, location, curve, or data provider using drop down menus.
Chart The Accuracy Of Forecasts
The chart above shows a 2011 forecast versus 2010 historical prices with 2010 historical forecast. This is a powerful tool in helping determine forecast accuracy.
- Support for Oil and Petroleum Products
- Futures and spot prices imported from AspectDSC and other market data providers.
- Curves from 3rd party providers such as Platts and Argus.
- Prices or differentials being entered or imported directly by traders.
- Forward prices from brokers.
- Curves created by trading and risk groups.
- Consolidated pricing from across organizations.