Source Energy Services Stock Price Prediction
| SHLE Stock | CAD 16.24 0.37 2.23% |
Momentum 64
Buy Extended
Oversold | Overbought |
Using Source Energy hype-based prediction, you can estimate the value of Source Energy Services from the perspective of Source Energy response to recently generated media hype and the effects of current headlines on its competitors.
The fear of missing out, i.e., FOMO, can cause potential investors in Source Energy to buy its stock at a price that has no basis in reality. In that case, they are not buying Source because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
Source Energy after-hype prediction price | CAD 16.24 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Source |
Source Energy After-Hype Price Prediction Density Analysis
As far as predicting the price of Source Energy at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Source Energy or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Source Energy, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Source Energy Estimiated After-Hype Price Volatility
In the context of predicting Source Energy's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Source Energy's historical news coverage. Source Energy's after-hype downside and upside margins for the prediction period are 12.82 and 19.66, respectively. We have considered Source Energy's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Source Energy is not too volatile at this time. Analysis and calculation of next after-hype price of Source Energy Services is based on 3 months time horizon.
Source Energy Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as Source Energy is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Source Energy backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Source Energy, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.59 | 3.42 | 0.00 | 0.02 | 0 Events / Month | 1 Events / Month | Within a week |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
16.24 | 16.24 | 0.00 |
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Source Energy Hype Timeline
Source Energy Services is at this time traded for 16.24on Toronto Exchange of Canada. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.02. Source is estimated not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is estimated to be very small, whereas the daily expected return is at this time at 0.59%. %. The volatility of related hype on Source Energy is about 8769.23%, with the expected price after the next announcement by competition of 16.26. The company has price-to-book ratio of 1.05. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Source Energy Services last dividend was issued on the 5th of January 2021. The entity had 1:12 split on the 5th of January 2021. Assuming the 90 days trading horizon the next estimated press release will be within a week. Check out Source Energy Basic Forecasting Models to cross-verify your projections.Source Energy Related Hype Analysis
Having access to credible news sources related to Source Energy's direct competition is more important than ever and may enhance your ability to predict Source Energy's future price movements. Getting to know how Source Energy's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Source Energy may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| ACX | ACT Energy Technologies | 0.12 | 4 per month | 2.80 | 0.07 | 4.63 | (5.00) | 12.63 | |
| PSD | Pulse Seismic | (0.01) | 1 per month | 2.48 | 0.05 | 4.68 | (2.95) | 12.36 | |
| GTE | Gran Tierra Energy | 0.29 | 9 per month | 3.49 | 0.12 | 6.28 | (4.52) | 23.82 | |
| RECO | Reconnaissance Energy Africa | 0.00 | 0 per month | 4.72 | 0.15 | 13.79 | (7.55) | 51.23 | |
| AEC | Anfield Resources | 0.00 | 0 per month | 5.58 | 0.05 | 13.70 | (8.55) | 27.48 | |
| HME | Hemisphere Energy | (0.01) | 3 per month | 1.92 | (0.01) | 3.05 | (2.79) | 12.29 | |
| KEI | Kolibri Global Energy | 0.01 | 7 per month | 0.00 | (0.12) | 4.24 | (3.85) | 10.68 | |
| MGA | Mega Uranium | 0.00 | 0 per month | 3.78 | 0.17 | 10.53 | (6.67) | 30.26 | |
| SEI | Sintana Energy | (0.01) | 6 per month | 0.00 | (0.05) | 6.00 | (5.66) | 32.08 | |
| TPL | Tethys Petroleum | 0.00 | 0 per month | 5.47 | 0.07 | 13.08 | (6.67) | 60.16 |
Source Energy Additional Predictive Modules
Most predictive techniques to examine Source price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Source using various technical indicators. When you analyze Source charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
About Source Energy Predictive Indicators
The successful prediction of Source Energy stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Source Energy Services, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Source Energy based on analysis of Source Energy hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Source Energy's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Source Energy's related companies.
Pair Trading with Source Energy
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 Source Energy 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 Source Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Source Stock
| 0.75 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.87 | ENB-PFC | Enbridge Pref 11 | PairCorr |
| 0.83 | ENB-PFU | Enbridge Pref L | PairCorr |
Moving against Source Stock
| 0.71 | SAGE | Sage Potash Corp | PairCorr |
| 0.5 | AAPL | Apple CDR Earnings Call This Week | PairCorr |
| 0.5 | AAPL | Apple Inc CDR | PairCorr |
| 0.46 | ENS-PA | E Split Corp | PairCorr |
| 0.33 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.33 | BRK | Berkshire Hathaway CDR | PairCorr |
The ability to find closely correlated positions to Source Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Source Energy 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 Source Energy - 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 Source Energy Services to buy it.
The correlation of Source Energy 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 Source Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Source Energy Services 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 Source Energy 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.Other Information on Investing in Source Stock
Source Energy financial ratios help investors to determine whether Source Stock 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 Source with respect to the benefits of owning Source Energy security.