Surge Energy Stock Market Value
| ZPTAF Stock | USD 4.05 0.01 0.25% |
| Symbol | Surge |
Surge Energy '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 Surge Energy'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 Surge Energy.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Surge Energy on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Surge Energy or generate 0.0% return on investment in Surge Energy over 30 days. Surge Energy is related to or competes with Parex Resources, Birchcliff Energy, Tamarack Valley, Peyto ExplorationDevel, Gear Energy, Spartan Delta, and Ngx Energy. Surge Energy Inc. explores for, develops, and produces oil and gas in western Canada More
Surge Energy 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 Surge Energy'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 Surge Energy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 8.21 | |||
| Value At Risk | (3.62) | |||
| Potential Upside | 3.43 |
Surge Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Surge Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Surge Energy's standard deviation. In reality, there are many statistical measures that can use Surge Energy historical prices to predict the future Surge Energy's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.35) | |||
| Total Risk Alpha | (0.63) | |||
| Treynor Ratio | (0.74) |
Surge Energy Backtested Returns
Surge Energy owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the firm had a -0.12% return per unit of risk over the last 3 months. Surge Energy exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Surge Energy's Risk Adjusted Performance of (0.1), coefficient of variation of (723.56), and Variance of 4.45 to confirm the risk estimate we provide. The entity has a beta of 0.41, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Surge Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Surge Energy is expected to be smaller as well. At this point, Surge Energy has a negative expected return of -0.24%. Please make sure to validate Surge Energy's maximum drawdown, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to decide if Surge Energy performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.02 |
Virtually no predictability
Surge Energy has virtually no predictability. Overlapping area represents the amount of predictability between Surge Energy time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Surge Energy price movement. The serial correlation of 0.02 indicates that only 2.0% of current Surge Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Surge Energy lagged returns against current returns
Autocorrelation, which is Surge Energy 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 Surge Energy's pink sheet expected returns. We can calculate the autocorrelation of Surge Energy returns to help us make a trade decision. For example, suppose you find that Surge Energy 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 |
Surge Energy 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 Surge Energy pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Surge Energy pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Surge Energy pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Surge Energy Lagged Returns
When evaluating Surge Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Surge Energy pink sheet have on its future price. Surge Energy 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, Surge Energy autocorrelation shows the relationship between Surge Energy pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Surge Energy.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Surge Pink Sheet
Surge Energy financial ratios help investors to determine whether Surge 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 Surge with respect to the benefits of owning Surge Energy security.