Savoy Common Stock from 2010 to 2026
| SNVP Stock | USD 0.0001 0.00 0.00% |
Common Stock | First Reported 2010-12-31 | Previous Quarter 147.2 K | Current Value 77.9 K | Quarterly Volatility 20.7 K |
Check Savoy Energy financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Savoy Energy's main balance sheet or income statement drivers, such as Interest Expense of 0.0, Selling General Administrative of 741.6 K or Total Revenue of 29.3 K, as well as many indicators such as Price To Sales Ratio of 2.64, Dividend Yield of 0.0 or Days Sales Outstanding of 19.3. Savoy financial statements analysis is a perfect complement when working with Savoy Energy Valuation or Volatility modules.
Savoy | Common Stock | Build AI portfolio with Savoy Stock |
Latest Savoy Energy's Common Stock Growth Pattern
Below is the plot of the Common Stock of Savoy Energy Corp over the last few years. It is Savoy Energy's Common Stock historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Savoy Energy's overall financial position and show how it may be relating to other accounts over time.
| Common Stock | 10 Years Trend |
|
Common Stock |
| Timeline |
Savoy Common Stock Regression Statistics
| Arithmetic Mean | 122,206 | |
| Geometric Mean | 119,925 | |
| Coefficient Of Variation | 16.96 | |
| Mean Deviation | 12,482 | |
| Median | 127,999 | |
| Standard Deviation | 20,730 | |
| Sample Variance | 429.7M | |
| Range | 86.8K | |
| R-Value | 0.16 | |
| Mean Square Error | 446.1M | |
| R-Squared | 0.03 | |
| Significance | 0.53 | |
| Slope | 672.92 | |
| Total Sum of Squares | 6.9B |
Savoy Common Stock History
About Savoy Energy Financial Statements
Savoy Energy shareholders use historical fundamental indicators, such as Common Stock, to determine how well the company is positioned to perform in the future. Although Savoy Energy investors may analyze each financial statement separately, they are all interrelated. The changes in Savoy Energy's assets and liabilities, for example, are also reflected in the revenues and expenses on on Savoy Energy's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Common Stock | 147.2 K | 77.9 K |
Pair Trading with Savoy Energy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Savoy Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Savoy Energy will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Savoy Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Savoy Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Savoy Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Savoy Energy Corp to buy it.
The correlation of Savoy Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Savoy Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Savoy Energy Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Savoy Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Savoy Stock Analysis
When running Savoy Energy's price analysis, check to measure Savoy 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 Savoy Energy is operating at the current time. Most of Savoy Energy's value examination focuses on studying past and present price action to predict the probability of Savoy 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 Savoy Energy's price. Additionally, you may evaluate how the addition of Savoy Energy to your portfolios can decrease your overall portfolio volatility.