Sound Energy Plc Stock Market Value
| SNEGF Stock | USD 0 0.00 0.00% |
| Symbol | Sound |
Sound 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 Sound Energy'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 Sound Energy.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Sound Energy on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Sound Energy plc or generate 0.0% return on investment in Sound Energy over 30 days. Sound Energy is related to or competes with Permian Resources, Devon Energy, EOG Resources, Coterra Energy, Diamondback Energy, and ConocoPhillips. Sound Energy plc, through its subsidiaries, engages in the exploration, appraisal, and development of oil and gas assets More
Sound 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 Sound Energy'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 Sound Energy plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 114.14 |
Sound Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sound Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sound Energy's standard deviation. In reality, there are many statistical measures that can use Sound Energy historical prices to predict the future Sound Energy's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (2.26) | |||
| Treynor Ratio | 0.1705 |
Sound Energy plc Backtested Returns
Sound Energy plc owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.13, which indicates the firm had a -0.13% return per unit of risk over the last 3 months. Sound Energy plc exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sound Energy's Coefficient Of Variation of (1,649), risk adjusted performance of (0.04), and Variance of 113.81 to confirm the risk estimate we provide. The entity has a beta of -3.85, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Sound Energy are expected to decrease by larger amounts. On the other hand, during market turmoil, Sound Energy is expected to outperform it. At this point, Sound Energy plc has a negative expected return of -1.24%. Please make sure to validate Sound Energy's standard deviation and the relationship between the treynor ratio and day typical price , to decide if Sound Energy plc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Sound Energy plc has no correlation between past and present. Overlapping area represents the amount of predictability between Sound Energy 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 Sound Energy plc price movement. The serial correlation of 0.0 indicates that just 0.0% of current Sound Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sound Energy plc lagged returns against current returns
Autocorrelation, which is Sound Energy 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 Sound Energy's pink sheet expected returns. We can calculate the autocorrelation of Sound Energy returns to help us make a trade decision. For example, suppose you find that Sound Energy 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 |
Sound 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 Sound Energy pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sound Energy pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sound Energy pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Sound Energy Lagged Returns
When evaluating Sound Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sound Energy pink sheet have on its future price. Sound 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, Sound Energy autocorrelation shows the relationship between Sound Energy pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Sound Energy plc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Sound Pink Sheet
Sound Energy financial ratios help investors to determine whether Sound 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 Sound with respect to the benefits of owning Sound Energy security.