Santos Stock Market Value
| STOSF Stock | USD 4.20 0.50 13.51% |
| Symbol | Santos |
Santos '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 Santos' 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 Santos.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in Santos on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding Santos or generate 0.0% return on investment in Santos over 30 days. Santos is related to or competes with Permian Resources, Devon Energy, EOG Resources, Coterra Energy, Diamondback Energy, and ConocoPhillips. Santos Limited explores for, develops, produces, transports, and markets hydrocarbons for homes and businesses in Austra... More
Santos 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 Santos' 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 Santos upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 20.86 | |||
| Value At Risk | (6.74) | |||
| Potential Upside | 5.37 |
Santos Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Santos' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Santos' standard deviation. In reality, there are many statistical measures that can use Santos historical prices to predict the future Santos' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | (6.53) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Santos' 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.
Santos Backtested Returns
Santos owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0392, which indicates the firm had a -0.0392% return per unit of risk over the last 3 months. Santos exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Santos' Coefficient Of Variation of (2,588), risk adjusted performance of (0.02), and Variance of 11.6 to confirm the risk estimate we provide. The entity has a beta of 0.0217, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Santos' returns are expected to increase less than the market. However, during the bear market, the loss of holding Santos is expected to be smaller as well. At this point, Santos has a negative expected return of -0.14%. Please make sure to validate Santos' jensen alpha, kurtosis, as well as the relationship between the Kurtosis and price action indicator , to decide if Santos performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.36 |
Poor reverse predictability
Santos has poor reverse predictability. Overlapping area represents the amount of predictability between Santos time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th 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 Santos price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Santos price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Santos lagged returns against current returns
Autocorrelation, which is Santos 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 Santos' pink sheet expected returns. We can calculate the autocorrelation of Santos returns to help us make a trade decision. For example, suppose you find that Santos 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 |
Santos 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 Santos pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Santos pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Santos pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Santos Lagged Returns
When evaluating Santos' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Santos pink sheet have on its future price. Santos 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, Santos autocorrelation shows the relationship between Santos pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Santos.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Santos Pink Sheet
Santos financial ratios help investors to determine whether Santos 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 Santos with respect to the benefits of owning Santos security.