Snam Spa Adr Stock Market Value
| SNMRY Stock | USD 9.21 0.09 0.97% |
| 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 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.
| 01/02/2025 |
| 02/01/2025 |
If you would invest 0.00 in Snam SpA on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding Snam SpA ADR or generate 0.0% return on investment in Snam SpA over 30 days. Snam SpA is related to or competes with Northwest Natural, NewJersey Resources, Atmos Energy, and Suburban Propane. 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 ADR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 5.61 | |||
| Value At Risk | (2.06) | |||
| Potential Upside | 1.79 |
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 | (0.04) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.26) |
Snam SpA ADR Backtested Returns
Snam SpA ADR owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0437, which indicates the firm had a -0.0437 % return per unit of risk over the last 3 months. Snam SpA ADR exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Snam SpA's Coefficient Of Variation of (2,189), variance of 1.46, and Risk Adjusted Performance of (0.04) to confirm the risk estimate we provide. The entity has a beta of 0.25, 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 ADR has a negative expected return of -0.0545%. Please make sure to validate Snam SpA's maximum drawdown, as well as the relationship between the daily balance of power and period momentum indicator , to decide if Snam SpA ADR performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.44 |
Modest reverse predictability
Snam SpA ADR has modest reverse predictability. Overlapping area represents the amount of predictability between Snam SpA time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 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 ADR 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 | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Snam SpA ADR 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 ADR.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Snam Pink Sheet Analysis
When running Snam SpA's price analysis, check to measure Snam SpA'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 Snam SpA is operating at the current time. Most of Snam SpA's value examination focuses on studying past and present price action to predict the probability of Snam SpA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Snam SpA's price. Additionally, you may evaluate how the addition of Snam SpA to your portfolios can decrease your overall portfolio volatility.