Sable Offshore Corp Stock Market Value
| SOC Stock | 24.08 1.06 4.60% |
| Symbol | Sable |
Sable Offshore Corp Price To Book Ratio
Is Oil & Gas Exploration & Production space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Sable Offshore. If investors know Sable will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Sable Offshore listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.86) | Return On Assets (0.09) | Return On Equity (6.46) |
The market value of Sable Offshore Corp is measured differently than its book value, which is the value of Sable that is recorded on the company's balance sheet. Investors also form their own opinion of Sable Offshore's value that differs from its market value or its book value, called intrinsic value, which is Sable Offshore's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Sable Offshore's market value can be influenced by many factors that don't directly affect Sable Offshore's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Sable Offshore's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sable Offshore is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sable Offshore'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.
Sable Offshore '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 Sable Offshore'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 Sable Offshore.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Sable Offshore on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Sable Offshore Corp or generate 0.0% return on investment in Sable Offshore over 720 days. Sable Offshore is related to or competes with Helmerich, Noble Plc, Nabors Industries, Precision Drilling, Transocean, Patterson UTI, and Seadrill. Sable Offshore is entity of United States More
Sable Offshore 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 Sable Offshore'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 Sable Offshore Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.91 | |||
| Information Ratio | 0.1166 | |||
| Maximum Drawdown | 60.69 | |||
| Value At Risk | (7.61) | |||
| Potential Upside | 6.52 |
Sable Offshore Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sable Offshore's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sable Offshore's standard deviation. In reality, there are many statistical measures that can use Sable Offshore historical prices to predict the future Sable Offshore's volatility.| Risk Adjusted Performance | 0.113 | |||
| Jensen Alpha | 0.8873 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.1351 | |||
| Treynor Ratio | 3.47 |
Sable Offshore Corp Backtested Returns
Sable Offshore appears to be somewhat reliable, given 3 months investment horizon. Sable Offshore Corp 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. By inspecting Sable Offshore's technical indicators, you can evaluate if the expected return of 0.88% is justified by implied risk. Please review Sable Offshore's Risk Adjusted Performance of 0.113, coefficient of variation of 736.85, and Semi Deviation of 5.24 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sable Offshore holds a performance score of 9. The entity has a beta of 0.27, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sable Offshore's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sable Offshore is expected to be smaller as well. Please check Sable Offshore's downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to make a quick decision on whether Sable Offshore's existing price patterns will revert.
Auto-correlation | 0.89 |
Very good predictability
Sable Offshore Corp has very good predictability. Overlapping area represents the amount of predictability between Sable Offshore time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 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 Sable Offshore Corp price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current Sable Offshore price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 16.43 |
Sable Offshore Corp lagged returns against current returns
Autocorrelation, which is Sable Offshore 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 Sable Offshore's stock expected returns. We can calculate the autocorrelation of Sable Offshore returns to help us make a trade decision. For example, suppose you find that Sable Offshore 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 |
Sable Offshore 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 Sable Offshore stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sable Offshore stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sable Offshore stock over time.
Current vs Lagged Prices |
| Timeline |
Sable Offshore Lagged Returns
When evaluating Sable Offshore's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sable Offshore stock have on its future price. Sable Offshore 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, Sable Offshore autocorrelation shows the relationship between Sable Offshore stock current value and its past values and can show if there is a momentum factor associated with investing in Sable Offshore Corp.
Regressed Prices |
| Timeline |
Also Currently Popular
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.When determining whether Sable Offshore Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Sable Offshore's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Sable Offshore Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Sable Offshore Corp Stock:Check out Sable Offshore Correlation, Sable Offshore Volatility and Sable Offshore Alpha and Beta module to complement your research on Sable Offshore. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Sable Offshore technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.