Scorpio Tankers Stock Market Value
| STNG Stock | USD 47.90 1.06 2.17% |
| Symbol | Scorpio |
Scorpio Tankers Price To Book Ratio
Is Oil & Gas Storage & Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Scorpio Tankers. If investors know Scorpio will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Scorpio Tankers listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.637 | Dividend Share 1.55 | Earnings Share 13.97 | Revenue Per Share 27.856 | Quarterly Revenue Growth (0.08) |
The market value of Scorpio Tankers is measured differently than its book value, which is the value of Scorpio that is recorded on the company's balance sheet. Investors also form their own opinion of Scorpio Tankers' value that differs from its market value or its book value, called intrinsic value, which is Scorpio Tankers' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Scorpio Tankers' market value can be influenced by many factors that don't directly affect Scorpio Tankers' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Scorpio Tankers' value and its price as these two are different measures arrived at by different means. Investors typically determine if Scorpio Tankers is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Scorpio Tankers' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Scorpio Tankers '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 Scorpio Tankers' 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 Scorpio Tankers.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Scorpio Tankers on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding Scorpio Tankers or generate 0.0% return on investment in Scorpio Tankers over 90 days. Scorpio Tankers is related to or competes with Teekay Tankers, Navigator Holdings, DHT Holdings, Frontline, International Seaways, and Torm PLC. Scorpio Tankers Inc., together with its subsidiaries, engages in the seaborne transportation of refined petroleum produc... More
Scorpio Tankers 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 Scorpio Tankers' 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 Scorpio Tankers upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.34) | |||
| Maximum Drawdown | 7.73 | |||
| Value At Risk | (3.15) | |||
| Potential Upside | 2.14 |
Scorpio Tankers Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Scorpio Tankers' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Scorpio Tankers' standard deviation. In reality, there are many statistical measures that can use Scorpio Tankers historical prices to predict the future Scorpio Tankers' volatility.| Risk Adjusted Performance | (0.19) | |||
| Jensen Alpha | (0.48) | |||
| Total Risk Alpha | (0.75) | |||
| Treynor Ratio | (9.61) |
Scorpio Tankers Backtested Returns
Scorpio Tankers owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.29, which indicates the firm had a -0.29% return per unit of risk over the last 3 months. Scorpio Tankers exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Scorpio Tankers' Variance of 3.01, risk adjusted performance of (0.19), and Coefficient Of Variation of (371.05) to confirm the risk estimate we provide. The entity has a beta of 0.0497, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Scorpio Tankers' returns are expected to increase less than the market. However, during the bear market, the loss of holding Scorpio Tankers is expected to be smaller as well. At this point, Scorpio Tankers has a negative expected return of -0.51%. Please make sure to validate Scorpio Tankers' treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Scorpio Tankers performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.47 |
Average predictability
Scorpio Tankers has average predictability. Overlapping area represents the amount of predictability between Scorpio Tankers time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 Scorpio Tankers price movement. The serial correlation of 0.47 indicates that about 47.0% of current Scorpio Tankers price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 10.63 |
Scorpio Tankers lagged returns against current returns
Autocorrelation, which is Scorpio Tankers 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 Scorpio Tankers' stock expected returns. We can calculate the autocorrelation of Scorpio Tankers returns to help us make a trade decision. For example, suppose you find that Scorpio Tankers 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 |
Scorpio Tankers 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 Scorpio Tankers stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Scorpio Tankers stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Scorpio Tankers stock over time.
Current vs Lagged Prices |
| Timeline |
Scorpio Tankers Lagged Returns
When evaluating Scorpio Tankers' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Scorpio Tankers stock have on its future price. Scorpio Tankers 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, Scorpio Tankers autocorrelation shows the relationship between Scorpio Tankers stock current value and its past values and can show if there is a momentum factor associated with investing in Scorpio Tankers.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Scorpio Tankers is a strong investment it is important to analyze Scorpio Tankers' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Scorpio Tankers' future performance. For an informed investment choice regarding Scorpio Stock, refer to the following important reports:Check out Scorpio Tankers Correlation, Scorpio Tankers Volatility and Scorpio Tankers Alpha and Beta module to complement your research on Scorpio Tankers. For more detail on how to invest in Scorpio Stock please use our How to Invest in Scorpio Tankers guide.You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Scorpio Tankers 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.