Saipem Spa Stock Market Value
| SAPMF Stock | USD 2.56 0.11 4.49% |
| Symbol | Saipem |
Saipem SpA '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 Saipem SpA'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 Saipem SpA.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Saipem SpA on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Saipem SpA or generate 0.0% return on investment in Saipem SpA over 30 days. Saipem SpA is related to or competes with Expro Group, ChampionX, Ranger Energy, Cactus, MRC Global, Bristow, and Oil States. Saipem SpA provides energy and infrastructure solutions worldwide More
Saipem SpA 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 Saipem SpA'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 Saipem SpA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.97 | |||
| Information Ratio | 0.0244 | |||
| Maximum Drawdown | 18.87 | |||
| Value At Risk | (3.18) | |||
| Potential Upside | 4.69 |
Saipem SpA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Saipem SpA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Saipem SpA's standard deviation. In reality, there are many statistical measures that can use Saipem SpA historical prices to predict the future Saipem SpA's volatility.| Risk Adjusted Performance | 0.0608 | |||
| Jensen Alpha | 0.2201 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | 0.0113 | |||
| Treynor Ratio | (0.56) |
Saipem SpA Backtested Returns
Saipem SpA appears to be risky, given 3 months investment horizon. Saipem SpA owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0715, which indicates the firm had a 0.0715% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Saipem SpA, which you can use to evaluate the volatility of the company. Please review Saipem SpA's Risk Adjusted Performance of 0.0608, semi deviation of 1.68, and Coefficient Of Variation of 1431.07 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Saipem SpA holds a performance score of 5. The entity has a beta of -0.32, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Saipem SpA are expected to decrease at a much lower rate. During the bear market, Saipem SpA is likely to outperform the market. Please check Saipem SpA's potential upside, and the relationship between the sortino ratio and skewness , to make a quick decision on whether Saipem SpA's existing price patterns will revert.
Auto-correlation | 0.57 |
Modest predictability
Saipem SpA has modest predictability. Overlapping area represents the amount of predictability between Saipem SpA time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 Saipem SpA price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Saipem SpA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Saipem SpA lagged returns against current returns
Autocorrelation, which is Saipem SpA 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 Saipem SpA's pink sheet expected returns. We can calculate the autocorrelation of Saipem SpA returns to help us make a trade decision. For example, suppose you find that Saipem SpA 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 |
Saipem SpA 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 Saipem SpA pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Saipem SpA pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Saipem SpA pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Saipem SpA Lagged Returns
When evaluating Saipem SpA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Saipem SpA pink sheet have on its future price. Saipem SpA 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, Saipem SpA autocorrelation shows the relationship between Saipem SpA pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Saipem SpA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Saipem Pink Sheet
Saipem SpA financial ratios help investors to determine whether Saipem 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 Saipem with respect to the benefits of owning Saipem SpA security.