Snam SpA (Germany) Market Value
| SNM Stock | EUR 4.24 0.01 0.24% |
| Symbol | Snam |
Snam SpA '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 Snam SpA'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 Snam SpA.
| 01/19/2024 |
| 04/18/2024 |
If you would invest 0.00 in Snam SpA on January 19, 2024 and sell it all today you would earn a total of 0.00 from holding Snam SpA or generate 0.0% return on investment in Snam SpA over 90 days. Snam SpA is related to or competes with INDOFOOD AGRI, Fevertree Drinks, SENECA FOODS-A, Tencent Music, Cal Maine, Ebro Foods, and PREMIER FOODS. More
Snam SpA 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 Snam SpA'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 Snam SpA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 4.59 | |||
| Value At Risk | (2.27) | |||
| Potential Upside | 1.38 |
Snam SpA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Snam SpA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Snam SpA's standard deviation. In reality, there are many statistical measures that can use Snam SpA historical prices to predict the future Snam SpA's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (1.52) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Snam SpA's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Snam SpA Backtested Returns
Snam SpA owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.15, which indicates the firm had a -0.15% return per unit of risk over the last 3 months. Snam SpA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Snam SpA's Risk Adjusted Performance of (0.10), variance of 1.07, and Coefficient Of Variation of (587.78) to confirm the risk estimate we provide. The entity has a beta of 0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Snam SpA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Snam SpA is expected to be smaller as well. Snam SpA has an expected return of -0.15%. Please make sure to validate Snam SpA coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Snam SpA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.47 |
Average predictability
Snam SpA has average predictability. Overlapping area represents the amount of predictability between Snam SpA time series from 19th of January 2024 to 4th of March 2024 and 4th of March 2024 to 18th of April 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 Snam SpA price movement. The serial correlation of 0.47 indicates that about 47.0% of current Snam SpA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Snam SpA lagged returns against current returns
Autocorrelation, which is Snam SpA 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 Snam SpA's stock expected returns. We can calculate the autocorrelation of Snam SpA returns to help us make a trade decision. For example, suppose you find that Snam SpA 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 |
Snam SpA 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 Snam SpA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Snam SpA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Snam SpA stock over time.
Current vs Lagged Prices |
| Timeline |
Snam SpA Lagged Returns
When evaluating Snam SpA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Snam SpA stock have on its future price. Snam SpA 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, Snam SpA autocorrelation shows the relationship between Snam SpA stock current value and its past values and can show if there is a momentum factor associated with investing in Snam SpA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Snam SpA Correlation, Snam SpA Volatility and Snam SpA Alpha and Beta module to complement your research on Snam SpA. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Snam Stock analysis
When running Snam SpA's price analysis, check to measure Snam SpA'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 Snam SpA is operating at the current time. Most of Snam SpA's value examination focuses on studying past and present price action to predict the probability of Snam SpA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Snam SpA's price. Additionally, you may evaluate how the addition of Snam SpA to your portfolios can decrease your overall portfolio volatility.
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Snam SpA 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.