Source Energy Services Stock Market Value
| SCEYF Stock | USD 12.93 0.00 0.00% |
| Symbol | Source |
Source 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 Source Energy's otc 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 Source Energy.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Source Energy on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Source Energy Services or generate 0.0% return on investment in Source Energy over 210 days. Source Energy is related to or competes with Total Energy, Trican Well, STEP Energy, High Arctic, Koil Energy, TerraVest Industries, and Pason Systems. Source Energy Services Ltd. produces, supplies, and distributes Northern White frac sand used primarily in oil and gas e... More
Source 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 Source Energy's otc 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 Source Energy Services upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1415 | |||
| Maximum Drawdown | 21.8 | |||
| Potential Upside | 6.44 |
Source Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Source Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Source Energy's standard deviation. In reality, there are many statistical measures that can use Source Energy historical prices to predict the future Source Energy's volatility.| Risk Adjusted Performance | 0.1457 | |||
| Jensen Alpha | 0.4583 | |||
| Total Risk Alpha | 0.0375 | |||
| Treynor Ratio | 0.4692 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Source 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.
Source Energy Services Backtested Returns
Source Energy appears to be somewhat reliable, given 3 months investment horizon. Source Energy Services owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.18, which indicates the firm had a 0.18% return per unit of risk over the last 3 months. By inspecting Source Energy's technical indicators, you can evaluate if the expected return of 0.65% is justified by implied risk. Please review Source Energy's Variance of 12.58, coefficient of variation of 554.58, and Risk Adjusted Performance of 0.1457 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Source Energy holds a performance score of 14. The entity has a beta of 1.34, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Source Energy will likely underperform. Please check Source Energy's market risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and kurtosis , to make a quick decision on whether Source Energy's existing price patterns will revert.
Auto-correlation | 0.19 |
Very weak predictability
Source Energy Services has very weak predictability. Overlapping area represents the amount of predictability between Source Energy time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd 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 Source Energy Services price movement. The serial correlation of 0.19 indicates that over 19.0% of current Source Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 1.99 |
Source Energy Services lagged returns against current returns
Autocorrelation, which is Source Energy otc 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 Source Energy's otc stock expected returns. We can calculate the autocorrelation of Source Energy returns to help us make a trade decision. For example, suppose you find that Source Energy has exhibited high autocorrelation historically, and you observe that the otc 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 |
Source 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 Source Energy otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Source Energy otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Source Energy otc stock over time.
Current vs Lagged Prices |
| Timeline |
Source Energy Lagged Returns
When evaluating Source Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Source Energy otc stock have on its future price. Source 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, Source Energy autocorrelation shows the relationship between Source Energy otc stock current value and its past values and can show if there is a momentum factor associated with investing in Source Energy Services.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Source OTC Stock
Source Energy financial ratios help investors to determine whether Source OTC Stock 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 Source with respect to the benefits of owning Source Energy security.