Snam SpA's market value is the price at which a share of Snam SpA trades on a public exchange. It measures the collective expectations of Snam SpA investors about its performance. Snam SpA is trading at 4.58 as of the 1st of February 2025. This is a No Change since the beginning of the trading day. The stock's lowest day price was 4.58. With this module, you can estimate the performance of a buy and hold strategy of Snam SpA and determine expected loss or profit from investing in Snam SpA over a given investment horizon. Check out Snam SpA Correlation, Snam SpA Volatility and Snam SpA Alpha and Beta module to complement your research on Snam SpA.
Please note, there is a significant difference between Snam SpA's value and its price as these two are different measures arrived at by different means. Investors typically determine if Snam SpA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Snam SpA's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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 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 Snam SpA.
0.00
08/05/2024
No Change 0.00
0.0
In 5 months and 30 days
02/01/2025
0.00
If you would invest 0.00 in Snam SpA on August 5, 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 180 days. Snam SpA is related to or competes with Procter Gamble, Playstudios, TFI International, Canlan Ice, Hafnia, and Toro. Snam S.p.A., together with its subsidiaries, engages in the operation of natural gas transport and storage infrastructur... 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 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 Snam SpA upside and downside potential and time the market with a certain degree of confidence.
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.
Snam SpA owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0319, which indicates the firm had a -0.0319 % return per unit of risk over the last 3 months. Snam SpA exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Snam SpA's Coefficient Of Variation of (3,283), risk adjusted performance of (0.02), and Variance of 3.03 to confirm the risk estimate we provide. The entity has a beta of 0.0353, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Snam SpA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Snam SpA is expected to be smaller as well. At this point, Snam SpA has a negative expected return of -0.0583%. Please make sure to validate Snam SpA's mean deviation, treynor ratio, as well as the relationship between the Treynor Ratio and day median price , to decide if Snam SpA performance from the past will be repeated at some point in the near future.
Auto-correlation
0.44
Average predictability
Snam SpA has average predictability. Overlapping area represents the amount of predictability between Snam SpA time series from 5th of August 2024 to 3rd of November 2024 and 3rd of November 2024 to 1st of February 2025. 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 0.44 indicates that just about 44.0% of current Snam SpA price fluctuation can be explain by its past prices.
Correlation Coefficient
0.44
Spearman Rank Test
0.7
Residual Average
0.0
Price Variance
0.02
Snam SpA lagged returns against current returns
Autocorrelation, which is Snam SpA 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 Snam SpA's pink sheet 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 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
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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Snam SpA pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Snam SpA pink sheet 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 pink sheet 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 pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Snam SpA.
Snam SpA financial ratios help investors to determine whether Snam 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 Snam with respect to the benefits of owning Snam SpA security.