Snam SpA (Germany) Market Value
| SNM Stock | EUR 4.42 0.06 1.38% |
| Symbol | Snam |
Snam 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 Snam SpA'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 Snam SpA.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Snam SpA on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Snam SpA or generate 0.0% return on investment in Snam SpA over 30 days. Snam SpA is related to or competes with Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, Talanx AG, NorAm Drilling, and Identiv. Snam S.p.A., together with its subsidiaries, engages in the implementation and integrated management of natural gas infr... More
Snam 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 Snam SpA'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 Snam SpA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 4.79 | |||
| Value At Risk | (1.55) | |||
| Potential Upside | 1.38 |
Snam SpA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Snam SpA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Snam SpA's standard deviation. In reality, there are many statistical measures that can use Snam SpA historical prices to predict the future Snam SpA's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | 6.0E-4 | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | 0.113 |
Snam SpA Backtested Returns
At this point, Snam SpA is not too volatile. Snam SpA owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0123, which indicates the firm had a 0.0123% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Snam SpA, which you can use to evaluate the volatility of the company. Please validate Snam SpA's Variance of 0.8016, insignificant risk adjusted performance, and Coefficient Of Variation of (30,027) to confirm if the risk estimate we provide is consistent with the expected return of 0.0111%. The entity has a beta of -0.11, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Snam SpA are expected to decrease at a much lower rate. During the bear market, Snam SpA is likely to outperform the market. Snam SpA right now has a risk of 0.91%. Please validate Snam SpA standard deviation, maximum drawdown, kurtosis, as well as the relationship between the total risk alpha and potential upside , to decide if Snam SpA will be following its existing price patterns.
Auto-correlation | -0.9 |
Excellent reverse predictability
Snam SpA has excellent reverse predictability. Overlapping area represents the amount of predictability between Snam SpA time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Snam SpA price movement. The serial correlation of -0.9 indicates that approximately 90.0% of current Snam SpA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.9 | |
| Spearman Rank Test | -0.94 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Snam SpA lagged returns against current returns
Autocorrelation, which is Snam SpA 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 Snam SpA's stock expected returns. We can calculate the autocorrelation of Snam SpA returns to help us make a trade decision. For example, suppose you find that Snam SpA 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 |
Snam 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 Snam SpA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Snam SpA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Snam SpA stock over time.
Current vs Lagged Prices |
| Timeline |
Snam SpA Lagged Returns
When evaluating Snam SpA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Snam SpA stock have on its future price. Snam 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, Snam SpA autocorrelation shows the relationship between Snam SpA stock current value and its past values and can show if there is a momentum factor associated with investing in Snam SpA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Snam Stock
Snam SpA financial ratios help investors to determine whether Snam 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 Snam with respect to the benefits of owning Snam SpA security.