Spire Inc Stock Market Value
| SR Stock | USD 72.55 1.89 2.67% |
| Symbol | Spire |
Spire Inc Price To Book Ratio
Is Gas Utilities 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 Spire. If investors know Spire 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 Spire listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.075 | Earnings Share 4.19 | Revenue Per Share 47.599 | Quarterly Revenue Growth (0.01) | Return On Assets 0.0284 |
The market value of Spire Inc is measured differently than its book value, which is the value of Spire that is recorded on the company's balance sheet. Investors also form their own opinion of Spire's value that differs from its market value or its book value, called intrinsic value, which is Spire'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 Spire's market value can be influenced by many factors that don't directly affect Spire'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 Spire's value and its price as these two are different measures arrived at by different means. Investors typically determine if Spire is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Spire'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.
Spire '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 Spire'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 Spire.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Spire on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Spire Inc or generate 0.0% return on investment in Spire over 720 days. Spire is related to or competes with Northwest Natural, Chesapeake Utilities, One Gas, NewJersey Resources, NiSource, RGC Resources, and Atmos Energy. Spire Inc., together with its subsidiaries, engages in the purchase, retail distribution, and sale of natural gas to res... More
Spire 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 Spire'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 Spire Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.25 | |||
| Information Ratio | 0.0324 | |||
| Maximum Drawdown | 6.47 | |||
| Value At Risk | (1.85) | |||
| Potential Upside | 2.3 |
Spire Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Spire's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Spire's standard deviation. In reality, there are many statistical measures that can use Spire historical prices to predict the future Spire's volatility.| Risk Adjusted Performance | 0.0927 | |||
| Jensen Alpha | 0.0764 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.034 | |||
| Treynor Ratio | 0.2155 |
Spire Inc Backtested Returns
Currently, Spire Inc is very steady. Spire Inc owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the firm had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Spire Inc, which you can use to evaluate the volatility of the company. Please validate Spire's Semi Deviation of 1.12, coefficient of variation of 861.73, and Risk Adjusted Performance of 0.0927 to confirm if the risk estimate we provide is consistent with the expected return of 0.19%. Spire has a performance score of 10 on a scale of 0 to 100. The entity has a beta of 0.66, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Spire's returns are expected to increase less than the market. However, during the bear market, the loss of holding Spire is expected to be smaller as well. Spire Inc right now has a risk of 1.36%. Please validate Spire maximum drawdown, as well as the relationship between the skewness and day typical price , to decide if Spire will be following its existing price patterns.
Auto-correlation | -0.81 |
Excellent reverse predictability
Spire Inc has excellent reverse predictability. Overlapping area represents the amount of predictability between Spire time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Spire Inc price movement. The serial correlation of -0.81 indicates that around 81.0% of current Spire price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.81 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 11.55 |
Spire Inc lagged returns against current returns
Autocorrelation, which is Spire 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 Spire's stock expected returns. We can calculate the autocorrelation of Spire returns to help us make a trade decision. For example, suppose you find that Spire 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 |
Spire 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 Spire stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Spire stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Spire stock over time.
Current vs Lagged Prices |
| Timeline |
Spire Lagged Returns
When evaluating Spire's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Spire stock have on its future price. Spire 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, Spire autocorrelation shows the relationship between Spire stock current value and its past values and can show if there is a momentum factor associated with investing in Spire Inc.
Regressed Prices |
| Timeline |
Pair Trading with Spire
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Spire position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Spire will appreciate offsetting losses from the drop in the long position's value.Moving together with Spire Stock
The ability to find closely correlated positions to Spire could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Spire when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Spire - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Spire Inc to buy it.
The correlation of Spire is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Spire moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Spire Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Spire can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Spire Stock Analysis
When running Spire's price analysis, check to measure Spire'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 Spire is operating at the current time. Most of Spire's value examination focuses on studying past and present price action to predict the probability of Spire's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spire's price. Additionally, you may evaluate how the addition of Spire to your portfolios can decrease your overall portfolio volatility.