Secure Energy Services Stock Market Value
| SES Stock | CAD 16.18 0.36 2.18% |
| Symbol | Secure |
Secure Energy Services Price To Book Ratio
Secure 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 Secure Energy'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 Secure Energy.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Secure Energy on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Secure Energy Services or generate 0.0% return on investment in Secure Energy over 30 days. Secure Energy is related to or competes with CES Energy, Ensign Energy, Enerflex, and Pason Systems. Secure Energy Services Inc., an energy services company, provides specialized solutions to upstream oil and natural gas ... More
Secure 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 Secure Energy'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 Secure Energy Services upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.64 | |||
| Information Ratio | 0.1759 | |||
| Maximum Drawdown | 12.28 | |||
| Value At Risk | (2.40) | |||
| Potential Upside | 4.29 |
Secure Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Secure Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Secure Energy's standard deviation. In reality, there are many statistical measures that can use Secure Energy historical prices to predict the future Secure Energy's volatility.| Risk Adjusted Performance | 0.1879 | |||
| Jensen Alpha | 0.5041 | |||
| Total Risk Alpha | 0.1604 | |||
| Sortino Ratio | 0.2311 | |||
| Treynor Ratio | (13.11) |
Secure Energy Services Backtested Returns
Secure Energy appears to be not too volatile, given 3 months investment horizon. Secure Energy Services owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.23, which indicates the firm had a 0.23% return per unit of risk over the last 3 months. We have found thirty technical indicators for Secure Energy Services, which you can use to evaluate the volatility of the company. Please review Secure Energy's Coefficient Of Variation of 422.68, risk adjusted performance of 0.1879, and Semi Deviation of 1.25 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Secure Energy holds a performance score of 17. The entity has a beta of -0.0381, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Secure Energy are expected to decrease at a much lower rate. During the bear market, Secure Energy is likely to outperform the market. Please check Secure Energy's semi variance, day typical price, and the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether Secure Energy's existing price patterns will revert.
Auto-correlation | -0.83 |
Excellent reverse predictability
Secure Energy Services has excellent reverse predictability. Overlapping area represents the amount of predictability between Secure Energy time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Secure Energy Services price movement. The serial correlation of -0.83 indicates that around 83.0% of current Secure Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Secure Energy Services lagged returns against current returns
Autocorrelation, which is Secure Energy 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 Secure Energy's stock expected returns. We can calculate the autocorrelation of Secure Energy returns to help us make a trade decision. For example, suppose you find that Secure Energy 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 |
| Timeline |
Secure 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 Secure Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Secure Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Secure Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Secure Energy Lagged Returns
When evaluating Secure Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Secure Energy stock have on its future price. Secure 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, Secure Energy autocorrelation shows the relationship between Secure Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Secure Energy Services.
Regressed Prices |
| Timeline |
Pair Trading with Secure 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 Secure 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 Secure Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Secure Stock
Moving against Secure Stock
The ability to find closely correlated positions to Secure 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 Secure 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 Secure 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 Secure Energy Services to buy it.
The correlation of Secure 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 Secure Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Secure Energy Services 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 Secure 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.Other Information on Investing in Secure Stock
Secure Energy financial ratios help investors to determine whether Secure 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 Secure with respect to the benefits of owning Secure Energy security.