SAIPEM OTC Stock Market Value

SAPMF -  USA Stock  

USD 2.55  0.02  0.79%

SAIPEM SPA's market value is the price at which a share of SAIPEM SPA stock trades on a public exchange. It measures the collective expectations of SAIPEM SPA investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of SAIPEM SPA and determine expected loss or profit from investing in SAIPEM SPA over a given investment horizon. Additionally, take a look at SAIPEM SPA Hype Analysis, SAIPEM SPA Correlation, SAIPEM SPA Valuation, SAIPEM SPA Volatility, as well as analyze SAIPEM SPA Alpha and Beta and SAIPEM SPA Performance.
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Backtest


The market value of SAIPEM SPA is measured differently than its book value, which is the value of SAIPEM that is recorded on the company's balance sheet. Investors also form their own opinion of SAIPEM SPA's value that differs from its market value or its book value, called intrinsic value, which is SAIPEM SPA'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 SAIPEM SPA's market value can be influenced by many factors that don't directly affect SAIPEM SPA underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between SAIPEM SPA's value and its price as these two are different measures arrived at by different means. Investors typically determine SAIPEM SPA value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SAIPEM SPA'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.

SAIPEM 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 SAIPEM SPA's otc 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 SAIPEM SPA.
0.00
08/21/2021
No Change 0.00  0.0 
In 2 months and 2 days
10/20/2021
0.00
If you would invest  0.00  in SAIPEM SPA on August 21, 2021 and sell it all today you would earn a total of 0.00 from holding SAIPEM SPA or generate 0.0% return on investment in SAIPEM SPA over 60 days. SAIPEM SPA is related to or competes with Bergesen Worldwide, Schlumberger, Baker Hughes, Halliburton, and NOV. Saipem SpA engages in the engineering, procurement, and construction of projects in the energy and infrastructure sector...

SAIPEM 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 SAIPEM SPA's otc 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 SAIPEM SPA upside and downside potential and time the market with a certain degree of confidence.

SAIPEM SPA Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for SAIPEM SPA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SAIPEM SPA's standard deviation. In reality, there are many statistical measures that can use SAIPEM SPA historical prices to predict the future SAIPEM SPA's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of SAIPEM 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. Please use the tools below to analyze the current value of SAIPEM SPA in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.132.625.61
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Intrinsic
Valuation
LowReal ValueHigh
0.112.105.09
Details
Naive
Forecast
LowNext ValueHigh
0.052.545.53
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
2.522.532.55
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Please note, it is not enough to conduct a financial or market analysis of a single entity such as SAIPEM SPA. Your research has to be compared to or analyzed against SAIPEM SPA's peers to derive any actionable benefits. When done correctly, SAIPEM SPA's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in SAIPEM SPA.

SAIPEM SPA Backtested Returns

SAIPEM SPA appears to be risky, given 3 months investment horizon. SAIPEM SPA owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.1, which indicates the company had 0.1% of return per unit of volatility over the last 3 months. Our viewpoint regarding measuring the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-six technical indicators for SAIPEM SPA, which you can use to evaluate the future volatility of the entity. Please review SAIPEM SPA's Risk Adjusted Performance of 0.0534, downside deviation of 4.4, and Market Risk Adjusted Performance of (0.23) to confirm if our risk estimates are consistent with your expectations.
On a scale of 0 to 100, SAIPEM SPA holds a performance score of 7. The firm has a beta of -0.755, which indicates possible diversification benefits within a given portfolio. Let's try to break down what SAIPEM's beta means in this case. As returns on the market increase, returns on owning SAIPEM SPA are expected to decrease at a much lower rate. During the bear market, SAIPEM SPA is likely to outperform the market. Although it is vital to follow SAIPEM SPA current price movements, it is good to be conservative about what you can do with the information regarding equity historical returns. The way of measuring future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing SAIPEM SPA technical indicators, you can today evaluate if the expected return of 0.3% will be sustainable into the future. Please operates SAIPEM SPA potential upside, and the relationship between the sortino ratio and skewness to make a quick decision on whether SAIPEM SPA existing price patterns will revert.
AdviceVolatility TrendExposureCorrelations

Auto-correlation

    
   0.07   

Virtually no predictability

SAIPEM SPA has virtually no predictability. Overlapping area represents the amount of predictability between SAIPEM SPA time series from 21st of August 2021 to 20th of September 2021 and 20th of September 2021 to 20th of October 2021. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of SAIPEM SPA price movement. The serial correlation of 0.07 indicates that barely 7.0% of current SAIPEM SPA price fluctuation can be explain by its past prices.
Correlation Coefficient0.07
Spearman Rank Test0.18
Residual Average0.0
Price Variance0.01

SAIPEM SPA lagged returns against current returns

Autocorrelation, which is SAIPEM SPA otc 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 SAIPEM SPA's otc stock expected returns. We can calculate the autocorrelation of SAIPEM SPA returns to help us make a trade decision. For example, suppose you find that SAIPEM SPA otc stock 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 stock movement to match the lagging time series.
 Current and Lagged Values 
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      Timeline 

SAIPEM 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 SAIPEM SPA otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SAIPEM SPA otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SAIPEM SPA otc stock over time.
 Current vs Lagged Prices 
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      Timeline 

SAIPEM SPA Lagged Returns

When evaluating SAIPEM SPA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SAIPEM SPA otc stock have on its future price. SAIPEM 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, SAIPEM SPA autocorrelation shows the relationship between SAIPEM SPA otc stock current value and its past values and can show if there is a momentum factor associated with investing in SAIPEM SPA.
 Regressed Prices 
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      Timeline 

SAIPEM SPA Investors Sentiment

The influence of SAIPEM SPA'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 SAIPEM. 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 markets does not have a solid backing from leading economists and market statisticians.

Current Sentiment - SAPMF

SAIPEM SPA Investor Sentiment

Most of Macroaxis users are at this time bullish on SAIPEM SPA. What is your outlook on investing in SAIPEM SPA? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Additionally, take a look at SAIPEM SPA Hype Analysis, SAIPEM SPA Correlation, SAIPEM SPA Valuation, SAIPEM SPA Volatility, as well as analyze SAIPEM SPA Alpha and Beta and SAIPEM SPA Performance. Note that the SAIPEM SPA information on this page should be used as a complementary analysis to other SAIPEM SPA's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Shere Portfolio module to track or share privately all of your investments from the convenience of any device.

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When running SAIPEM SPA price analysis, check to measure SAIPEM 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 SAIPEM SPA is operating at the current time. Most of SAIPEM SPA's value examination focuses on studying past and present price action to predict the probability of SAIPEM SPA's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move SAIPEM SPA's price. Additionally, you may evaluate how the addition of SAIPEM SPA to your portfolios can decrease your overall portfolio volatility.
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SAIPEM SPA technical otc 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.
A focus of SAIPEM SPA technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of SAIPEM SPA trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...