Stampede Drilling Stock Market Value
| SDI Stock | CAD 0.20 0.01 4.76% |
| Symbol | Stampede |
Stampede Drilling '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 Stampede Drilling's 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 Stampede Drilling.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Stampede Drilling on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Stampede Drilling or generate 0.0% return on investment in Stampede Drilling over 30 days. Stampede Drilling is related to or competes with STEP Energy, and PHX Energy. Stampede Drilling Inc. provides horizontal and directional drilling equipment and services for the oil and gas industry ... More
Stampede Drilling 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 Stampede Drilling's 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 Stampede Drilling upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 18.22 | |||
| Value At Risk | (4.76) | |||
| Potential Upside | 5.0 |
Stampede Drilling Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Stampede Drilling's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Stampede Drilling's standard deviation. In reality, there are many statistical measures that can use Stampede Drilling historical prices to predict the future Stampede Drilling's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.77) | |||
| Treynor Ratio | 1.17 |
Stampede Drilling Backtested Returns
Stampede Drilling owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0365, which indicates the firm had a -0.0365% return per unit of risk over the last 3 months. Stampede Drilling exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Stampede Drilling's Risk Adjusted Performance of (0.02), coefficient of variation of (2,741), and Variance of 15.3 to confirm the risk estimate we provide. The entity has a beta of -0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Stampede Drilling are expected to decrease at a much lower rate. During the bear market, Stampede Drilling is likely to outperform the market. At this point, Stampede Drilling has a negative expected return of -0.14%. Please make sure to validate Stampede Drilling's jensen alpha and the relationship between the potential upside and period momentum indicator , to decide if Stampede Drilling performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.31 |
Poor reverse predictability
Stampede Drilling has poor reverse predictability. Overlapping area represents the amount of predictability between Stampede Drilling time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 Stampede Drilling price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Stampede Drilling price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Stampede Drilling lagged returns against current returns
Autocorrelation, which is Stampede Drilling 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 Stampede Drilling's stock expected returns. We can calculate the autocorrelation of Stampede Drilling returns to help us make a trade decision. For example, suppose you find that Stampede Drilling 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 |
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Stampede Drilling 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 Stampede Drilling stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Stampede Drilling stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Stampede Drilling stock over time.
Current vs Lagged Prices |
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Stampede Drilling Lagged Returns
When evaluating Stampede Drilling's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Stampede Drilling stock have on its future price. Stampede Drilling 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, Stampede Drilling autocorrelation shows the relationship between Stampede Drilling stock current value and its past values and can show if there is a momentum factor associated with investing in Stampede Drilling.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Stampede Stock Analysis
When running Stampede Drilling's price analysis, check to measure Stampede Drilling'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 Stampede Drilling is operating at the current time. Most of Stampede Drilling's value examination focuses on studying past and present price action to predict the probability of Stampede Drilling's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Stampede Drilling's price. Additionally, you may evaluate how the addition of Stampede Drilling to your portfolios can decrease your overall portfolio volatility.