Spire Inc Stock Market Value
| SR Stock | USD 61.38 0.47 0.77% |
| Symbol | Spire |
Spire Inc Price To Book Ratio
Is Spire's industry 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 (0.09) | Dividend Share 2.915 | Earnings Share 3.71 | Revenue Per Share 49.434 | Quarterly Revenue Growth (0.07) |
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.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Spire on March 24, 2024 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 30 days. Spire is related to or competes with Northwest Natural, Chesapeake Utilities, One Gas, UGI Corp, NewJersey Resources, NiSource, and RGC Resources. 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 | 1.14 | |||
| Information Ratio | 0.004 | |||
| Maximum Drawdown | 7.42 | |||
| Value At Risk | (2.15) | |||
| Potential Upside | 2.36 |
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 | 0.048 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0046 | |||
| Treynor Ratio | 0.0715 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Spire'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.
Spire Inc Backtested Returns
We consider Spire very steady. Spire Inc owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0616, which indicates the firm had a 0.0616% 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 Risk Adjusted Performance of 0.048, coefficient of variation of 1431.1, and Semi Deviation of 1.04 to confirm if the risk estimate we provide is consistent with the expected return of 0.0779%. Spire has a performance score of 4 on a scale of 0 to 100. The entity has a beta of 1.13, which indicates a somewhat significant risk relative to the market. Spire returns are very sensitive to returns on the market. As the market goes up or down, Spire is expected to follow. Spire Inc right now has a risk of 1.26%. 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 | -0.54 |
Good reverse predictability
Spire Inc has good reverse predictability. Overlapping area represents the amount of predictability between Spire time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd 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 Spire Inc price movement. The serial correlation of -0.54 indicates that about 54.0% of current Spire price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.87 |
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 |
Spire Investors Sentiment
The influence of Spire's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Spire. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Spire's public news can be used to forecast risks associated with an investment in Spire. The trend in average sentiment can be used to explain how an investor holding Spire can time the market purely based on public headlines and social activities around Spire Inc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Spire's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Spire's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Spire's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Spire.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Spire in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Spire's short interest history, or implied volatility extrapolated from Spire options trading.
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When determining whether Spire Inc is a strong investment it is important to analyze Spire's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Spire's future performance. For an informed investment choice regarding Spire Stock, refer to the following important reports:Check out Spire Correlation, Spire Volatility and Spire Alpha and Beta module to complement your research on Spire. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary 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.
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Spire 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.