Step Energy Services Stock Market Value
| SNVVF Stock | USD 3.65 0.00 0.00% |
| Symbol | STEP |
STEP 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 STEP Energy's pink sheet 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 STEP Energy.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in STEP Energy on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding STEP Energy Services or generate 0.0% return on investment in STEP Energy over 30 days. STEP Energy is related to or competes with Total Energy, Trican Well, Koil Energy, TerraVest Industries, Source Energy, and High Arctic. STEP Energy Services Ltd., an oilfield service company, provides integrated coiled tubing, fracturing, and wireline solu... More
STEP 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 STEP Energy's pink sheet 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 STEP Energy Services upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.31 | |||
| Information Ratio | 0.0385 | |||
| Maximum Drawdown | 44.5 | |||
| Value At Risk | (2.82) | |||
| Potential Upside | 1.39 |
STEP Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for STEP Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as STEP Energy's standard deviation. In reality, there are many statistical measures that can use STEP Energy historical prices to predict the future STEP Energy's volatility.| Risk Adjusted Performance | 0.0535 | |||
| Jensen Alpha | 0.3305 | |||
| Total Risk Alpha | (0.44) | |||
| Sortino Ratio | 0.0497 | |||
| Treynor Ratio | (2.46) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of STEP Energy'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.
STEP Energy Services Backtested Returns
STEP Energy appears to be very risky, given 3 months investment horizon. STEP Energy Services owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0857, which indicates the firm had a 0.0857% return per unit of volatility over the last 3 months. We have found twenty-five technical indicators for STEP Energy Services, which you can use to evaluate the volatility of the company. Please review STEP Energy's risk adjusted performance of 0.0535, and Coefficient Of Variation of 1698.97 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, STEP Energy holds a performance score of 6. The entity has a beta of -0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning STEP Energy are expected to decrease at a much lower rate. During the bear market, STEP Energy is likely to outperform the market. Please check STEP Energy's total risk alpha, as well as the relationship between the potential upside and kurtosis , to make a quick decision on whether STEP Energy's existing price patterns will revert.
Auto-correlation | 0.18 |
Very weak predictability
STEP Energy Services has very weak predictability. Overlapping area represents the amount of predictability between STEP Energy time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 STEP Energy Services price movement. The serial correlation of 0.18 indicates that over 18.0% of current STEP Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
STEP Energy Services lagged returns against current returns
Autocorrelation, which is STEP Energy pink sheet'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 STEP Energy's pink sheet expected returns. We can calculate the autocorrelation of STEP Energy returns to help us make a trade decision. For example, suppose you find that STEP Energy has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
STEP 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 STEP Energy pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if STEP Energy pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in STEP Energy pink sheet over time.
Current vs Lagged Prices |
| Timeline |
STEP Energy Lagged Returns
When evaluating STEP Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of STEP Energy pink sheet have on its future price. STEP 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, STEP Energy autocorrelation shows the relationship between STEP Energy pink sheet current value and its past values and can show if there is a momentum factor associated with investing in STEP Energy Services.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in STEP Pink Sheet
STEP Energy financial ratios help investors to determine whether STEP Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in STEP with respect to the benefits of owning STEP Energy security.