Source Energy Services Stock Volatility
| SCEYF Stock | USD 12.93 0.10 0.78% |
Source Energy appears to be somewhat reliable, given 3 months investment horizon. Source Energy Services owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.18, which indicates the firm had a 0.18% return per unit of risk over the last 3 months. By inspecting Source Energy's technical indicators, you can evaluate if the expected return of 0.67% is justified by implied risk. Please review Source Energy's Coefficient Of Variation of 554.58, risk adjusted performance of 0.146, and Variance of 12.58 to confirm if our risk estimates are consistent with your expectations. Key indicators related to Source Energy's volatility include:
540 Days Market Risk | Chance Of Distress | 540 Days Economic Sensitivity |
Source Energy OTC Stock volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Source daily returns, and it is calculated using variance and standard deviation. We also use Source's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Source Energy volatility.
Source |
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Source Energy can benefit from it. Downward market volatility can be a perfect environment for investors who play the long game as hey may decide to buy additional stocks of Source Energy at lower prices to lower their average cost per share. Similarly, when the prices of Source Energy's stock rise, investors can sell out and invest the proceeds in other equities with better opportunities.
Moving against Source OTC Stock
| 0.9 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.82 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.79 | BKRKY | Bank Rakyat | PairCorr |
| 0.79 | PBCRY | Bank Central Asia | PairCorr |
| 0.77 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.75 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.71 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.66 | PTBRY | Bank Negara Indonesia | PairCorr |
| 0.64 | BKRKF | PT Bank Rakyat | PairCorr |
Source Energy Market Sensitivity And Downside Risk
Source Energy's beta coefficient measures the volatility of Source otc stock compared to the systematic risk of the entire market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents Source otc stock's returns against your selected market. In other words, Source Energy's beta of -0.19 provides an investor with an approximation of how much risk Source Energy otc stock can potentially add to one of your existing portfolios. Source Energy Services exhibits very low volatility with skewness of 4.12 and kurtosis of 22.19. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Source Energy's otc stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Source Energy's otc stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.
3 Months Beta |Analyze Source Energy Services Demand TrendCheck current 90 days Source Energy correlation with market (Dow Jones Industrial)Source Beta |
Source standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. A typical volatile entity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.
Standard Deviation | 3.63 |
It is essential to understand the difference between upside risk (as represented by Source Energy's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Source Energy's daily returns or price. Since the actual investment returns on holding a position in source otc stock tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in Source Energy.
Source Energy Services OTC Stock Volatility Analysis
Volatility refers to the frequency at which Source Energy otc price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Source Energy's price changes. Investors will then calculate the volatility of Source Energy's otc stock to predict their future moves. A otc that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A otc stock with relatively stable price changes has low volatility. A highly volatile otc is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of Source Energy's volatility:
Historical Volatility
This type of otc volatility measures Source Energy's fluctuations based on previous trends. It's commonly used to predict Source Energy's future behavior based on its past. However, it cannot conclusively determine the future direction of the otc stock.Implied Volatility
This type of volatility provides a positive outlook on future price fluctuations for Source Energy's current market price. This means that the otc will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Source Energy's to be redeemed at a future date.Transformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. Source Energy Services Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
Source Energy Projected Return Density Against Market
Assuming the 90 days horizon Source Energy Services has a beta of -0.1941 . This usually implies as returns on the benchmark increase, returns on holding Source Energy are expected to decrease at a much lower rate. During a bear market, however, Source Energy Services is likely to outperform the market.Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Source Energy or Energy Equipment & Services sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Source Energy's price will be affected by overall otc stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Source otc's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
Source Energy Services has an alpha of 0.6519, implying that it can generate a 0.65 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Predicted Return Density |
| Returns |
What Drives a Source Energy Price Volatility?
Several factors can influence a otc's market volatility:Industry
Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.Political and Economic environment
When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.The Company's Performance
Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.Source Energy OTC Stock Risk Measures
Assuming the 90 days horizon the coefficient of variation of Source Energy is 541.6. The daily returns are distributed with a variance of 13.17 and standard deviation of 3.63. The mean deviation of Source Energy Services is currently at 1.59. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.77
α | Alpha over Dow Jones | 0.65 | |
β | Beta against Dow Jones | -0.19 | |
σ | Overall volatility | 3.63 | |
Ir | Information ratio | 0.14 |
Source Energy OTC Stock Return Volatility
Source Energy historical daily return volatility represents how much of Source Energy otc's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company shows 3.6286% volatility of returns over 90 . By contrast, Dow Jones Industrial accepts 0.7444% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About Source Energy Volatility
Volatility is a rate at which the price of Source Energy or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Source Energy may increase or decrease. In other words, similar to Source's beta indicator, it measures the risk of Source Energy and helps estimate the fluctuations that may happen in a short period of time. So if prices of Source Energy fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.Source Energy Services Ltd. produces, supplies, and distributes Northern White frac sand used primarily in oil and gas exploration and production in Western Canada and the United States. The company was founded in 2017 and is headquartered in Calgary, Canada. Source Energy operates under Oil Gas Equipment Services classification in the United States and is traded on OTC Exchange. It employs 351 people.
Source Energy's stock volatility refers to the amount of uncertainty or risk involved with the size of changes in its stock's price. It is a statistical measure of the dispersion of returns on Source OTC Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Source Energy's price varies over time.
3 ways to utilize Source Energy's volatility to invest better
Higher Source Energy's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Source Energy Services stock is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. Source Energy Services stock volatility can provide helpful information for making investment decisions in the following ways:- Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of Source Energy Services investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Source Energy's stock can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
- Diversification: Understanding how the volatility of Source Energy's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Source Energy Investment Opportunity
Source Energy Services has a volatility of 3.63 and is 4.91 times more volatile than Dow Jones Industrial. Compared to the overall equity markets, volatility of historical daily returns of Source Energy Services is lower than 32 percent of all global equities and portfolios over the last 90 days. You can use Source Energy Services to enhance the returns of your portfolios. The otc stock experiences a moderate upward volatility. Check odds of Source Energy to be traded at $14.22 in 90 days.Good diversification
The correlation between Source Energy Services and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Source Energy Services and DJI in the same portfolio, assuming nothing else is changed.
Source Energy Additional Risk Indicators
The analysis of Source Energy's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in Source Energy's investment and either accepting that risk or mitigating it. Along with some common measures of Source Energy otc stock's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Risk Adjusted Performance | 0.146 | |||
| Market Risk Adjusted Performance | (3.23) | |||
| Mean Deviation | 1.52 | |||
| Coefficient Of Variation | 554.58 | |||
| Standard Deviation | 3.55 | |||
| Variance | 12.58 | |||
| Information Ratio | 0.145 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential otc stocks, we recommend comparing similar otcs with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Source Energy Suggested Diversification Pairs
Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
| Dupont De vs. Source Energy | ||
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| Ford vs. Source Energy | ||
| Visa vs. Source Energy | ||
| Bank of America vs. Source Energy | ||
| Salesforce vs. Source Energy | ||
| GM vs. Source Energy | ||
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Source Energy as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Source Energy's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Source Energy's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Source Energy Services.
Complementary Tools for Source OTC Stock analysis
When running Source Energy's price analysis, check to measure Source Energy'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 Source Energy is operating at the current time. Most of Source Energy's value examination focuses on studying past and present price action to predict the probability of Source Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Source Energy's price. Additionally, you may evaluate how the addition of Source Energy to your portfolios can decrease your overall portfolio volatility.
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