Southwest Gas Holdings Stock Market Value
| SWX Stock | USD 73.77 0.58 0.78% |
| Symbol | Southwest |
Southwest Gas Holdings Price To Book Ratio
Is Gas Utilities space 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 Southwest Gas. If investors know Southwest 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 Southwest Gas 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 0.821 | Dividend Share 2.48 | Earnings Share 2.68 | Revenue Per Share 75.526 | Quarterly Revenue Growth (0.01) |
The market value of Southwest Gas Holdings is measured differently than its book value, which is the value of Southwest that is recorded on the company's balance sheet. Investors also form their own opinion of Southwest Gas' value that differs from its market value or its book value, called intrinsic value, which is Southwest Gas' 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 Southwest Gas' market value can be influenced by many factors that don't directly affect Southwest Gas' 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 Southwest Gas' value and its price as these two are different measures arrived at by different means. Investors typically determine if Southwest Gas is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Southwest Gas' 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.
Southwest Gas '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 Southwest Gas' 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 Southwest Gas.
| 03/14/2024 |
| 06/12/2024 |
If you would invest 0.00 in Southwest Gas on March 14, 2024 and sell it all today you would earn a total of 0.00 from holding Southwest Gas Holdings or generate 0.0% return on investment in Southwest Gas over 90 days. Southwest Gas is related to or competes with Northwest Natural. Southwest Gas Holdings, Inc., through its subsidiaries, distributes and transports natural gas in Arizona, Nevada, and C... More
Southwest Gas 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 Southwest Gas' 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 Southwest Gas Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.16 | |||
| Information Ratio | 0.0075 | |||
| Maximum Drawdown | 6.0 | |||
| Value At Risk | (1.84) | |||
| Potential Upside | 1.79 |
Southwest Gas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Southwest Gas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Southwest Gas' standard deviation. In reality, there are many statistical measures that can use Southwest Gas historical prices to predict the future Southwest Gas' volatility.| Risk Adjusted Performance | 0.0118 | |||
| Jensen Alpha | 0.0095 | |||
| Total Risk Alpha | 0.0146 | |||
| Sortino Ratio | 0.0079 | |||
| Treynor Ratio | 0.0034 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Southwest Gas' 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.
Southwest Gas Holdings Backtested Returns
We consider Southwest Gas very steady. Southwest Gas Holdings owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0656, which indicates the firm had a 0.0656% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Southwest Gas Holdings, which you can use to evaluate the volatility of the company. Please validate Southwest Gas' Coefficient Of Variation of 9041.85, semi deviation of 1.12, and Risk Adjusted Performance of 0.0118 to confirm if the risk estimate we provide is consistent with the expected return of 0.0803%. Southwest Gas has a performance score of 5 on a scale of 0 to 100. The entity has a beta of 1.05, which indicates a somewhat significant risk relative to the market. Southwest Gas returns are very sensitive to returns on the market. As the market goes up or down, Southwest Gas is expected to follow. Southwest Gas Holdings right now has a risk of 1.22%. Please validate Southwest Gas value at risk, kurtosis, price action indicator, as well as the relationship between the semi variance and rate of daily change , to decide if Southwest Gas will be following its existing price patterns.
Auto-correlation | 0.38 |
Below average predictability
Southwest Gas Holdings has below average predictability. Overlapping area represents the amount of predictability between Southwest Gas time series from 14th of March 2024 to 28th of April 2024 and 28th of April 2024 to 12th of June 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 Southwest Gas Holdings price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Southwest Gas price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 1.72 |
Southwest Gas Holdings lagged returns against current returns
Autocorrelation, which is Southwest Gas 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 Southwest Gas' stock expected returns. We can calculate the autocorrelation of Southwest Gas returns to help us make a trade decision. For example, suppose you find that Southwest Gas 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 |
Southwest Gas 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 Southwest Gas stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Southwest Gas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Southwest Gas stock over time.
Current vs Lagged Prices |
| Timeline |
Southwest Gas Lagged Returns
When evaluating Southwest Gas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Southwest Gas stock have on its future price. Southwest Gas 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, Southwest Gas autocorrelation shows the relationship between Southwest Gas stock current value and its past values and can show if there is a momentum factor associated with investing in Southwest Gas Holdings.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Southwest Stock Analysis
When running Southwest Gas' price analysis, check to measure Southwest Gas' 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 Southwest Gas is operating at the current time. Most of Southwest Gas' value examination focuses on studying past and present price action to predict the probability of Southwest Gas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Southwest Gas' price. Additionally, you may evaluate how the addition of Southwest Gas to your portfolios can decrease your overall portfolio volatility.