SM Energy (UK) Market Value
| 0KZA Stock | 40.19 0.55 1.35% |
| Symbol | 0KZA |
SM Energy '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 SM Energy'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 SM Energy.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in SM Energy on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding SM Energy Co or generate 0.0% return on investment in SM Energy over 390 days. SM Energy is related to or competes with DXC Technology, CompuGroup Medical, JD Sports, Fresenius Medical, Alfa Financial, Medical Properties, and Pfeiffer Vacuum. SM Energy is entity of United Kingdom. It is traded as Stock on LSE exchange. More
SM Energy 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 SM Energy'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 SM Energy Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.87 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 11.21 | |||
| Value At Risk | (4.24) | |||
| Potential Upside | 3.69 |
SM Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SM Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SM Energy's standard deviation. In reality, there are many statistical measures that can use SM Energy historical prices to predict the future SM Energy's volatility.| Risk Adjusted Performance | 0.0334 | |||
| Jensen Alpha | 0.0504 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.2805 |
SM Energy Backtested Returns
Currently, SM Energy Co is very steady. SM Energy retains Efficiency (Sharpe Ratio) of 0.0278, which indicates the firm had a 0.0278% return per unit of price deviation over the last 3 months. We have found thirty technical indicators for SM Energy, which you can use to evaluate the volatility of the company. Please validate SM Energy's Risk Adjusted Performance of 0.0334, downside deviation of 2.87, and Mean Deviation of 1.86 to confirm if the risk estimate we provide is consistent with the expected return of 0.069%. SM Energy has a performance score of 2 on a scale of 0 to 100. The entity owns a Beta (Systematic Risk) of 0.28, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SM Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding SM Energy is expected to be smaller as well. SM Energy today owns a risk of 2.48%. Please validate SM Energy Co market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if SM Energy Co will be following its current price history.
Auto-correlation | -0.46 |
Modest reverse predictability
SM Energy Co has modest reverse predictability. Overlapping area represents the amount of predictability between SM Energy time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th of December 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 SM Energy price movement. The serial correlation of -0.46 indicates that about 46.0% of current SM Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 6.37 |
SM Energy lagged returns against current returns
Autocorrelation, which is SM Energy 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 SM Energy's stock expected returns. We can calculate the autocorrelation of SM Energy returns to help us make a trade decision. For example, suppose you find that SM Energy 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 |
SM Energy 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 SM Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SM Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SM Energy stock over time.
Current vs Lagged Prices |
| Timeline |
SM Energy Lagged Returns
When evaluating SM Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SM Energy stock have on its future price. SM Energy 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, SM Energy autocorrelation shows the relationship between SM Energy stock current value and its past values and can show if there is a momentum factor associated with investing in SM Energy Co.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for 0KZA Stock Analysis
When running SM Energy's price analysis, check to measure SM 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 SM Energy is operating at the current time. Most of SM Energy's value examination focuses on studying past and present price action to predict the probability of SM 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 SM Energy's price. Additionally, you may evaluate how the addition of SM Energy to your portfolios can decrease your overall portfolio volatility.