SM Energy Related Correlations

SM Stock  USD 49.05  0.37  0.76%   
Generate correlation matrix for SM Energy and other related equities to check the degree to which SM Energy Co price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for SM Energy Co. To filter out specific equities, please toggle its corresponding legend item. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SM Energy Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
Specify up to 10 symbols:
Is SM Energy'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 SM Energy. If investors know SM Energy 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 SM Energy 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
0.013
Dividend Share
0.63
Earnings Share
6.86
Revenue Per Share
19.117
Quarterly Revenue Growth
(0.09)
The market value of SM Energy is measured differently than its book value, which is the value of SM Energy that is recorded on the company's balance sheet. Investors also form their own opinion of SM Energy's value that differs from its market value or its book value, called intrinsic value, which is SM Energy'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 SM Energy's market value can be influenced by many factors that don't directly affect SM Energy'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 SM Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if SM Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SM Energy'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.

Correlations

AIKO
IRAA
SEPAU
HASI
FNVT
PHYT
STEP
AIKO
0.00.00.00.00.00.0
AIKO
IRAA
0.00.00.240.760.580.27
IRAA
SEPAU
0.00.00.00.00.00.0
SEPAU
HASI
0.00.240.0-0.08-0.34-0.16
HASI
FNVT
0.00.760.0-0.080.890.7
FNVT
PHYT
0.00.580.0-0.340.890.75
PHYT
STEP
0.00.270.0-0.160.70.75
STEP
AIKO
IRAA
SEPAU
HASI
FNVT
PHYT
STEP
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
PHYTFNVT
FNVTIRAA
STEPPHYT
STEPFNVT
PHYTIRAA
STEPIRAA
  
High negative correlations   
PHYTHASI
STEPHASI
FNVTHASI
STEPSEPAU
PHYTSEPAU
FNVTSEPAU

Risk-Adjusted Indicators

There is a big difference between SM Energy Stock performing well and SM Energy Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze SM Energy's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.