Saipem Spa Adr Stock Market Value
| SAPMY Stock | USD 0.50 0.02 4.17% |
| Symbol | Saipem |
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 pink sheet 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.
| 03/17/2024 |
| 04/16/2024 |
If you would invest 0.00 in Saipem SpA on March 17, 2024 and sell it all today you would earn a total of 0.00 from holding Saipem SpA ADR or generate 0.0% return on investment in Saipem SpA over 30 days. Saipem SpA is related to or competes with Fiserv, Schlumberger, Halliburton, Baker Hughes, Tenaris SA, TechnipFMC PLC, and Weatherford International. Saipem SpA provides energy and infrastructure solutions worldwide More
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 pink sheet 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 ADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.14 | |||
| Information Ratio | 0.1262 | |||
| Maximum Drawdown | 29.4 | |||
| Value At Risk | (11.11) | |||
| Potential Upside | 11.54 |
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.| Risk Adjusted Performance | 0.0942 | |||
| Jensen Alpha | 0.6762 | |||
| Total Risk Alpha | 0.33 | |||
| Sortino Ratio | 0.102 | |||
| Treynor Ratio | 0.2254 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that 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.
Saipem SpA ADR Backtested Returns
Saipem SpA is out of control given 3 months investment horizon. Saipem SpA ADR owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.18, which indicates the firm had a 0.18% return per unit of risk over the last 3 months. We have collected data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.15% are justified by taking the suggested risk. Use Saipem SpA ADR Coefficient Of Variation of 736.51, risk adjusted performance of 0.0942, and Semi Deviation of 5.45 to evaluate company specific risk that cannot be diversified away. Saipem SpA holds a performance score of 13 on a scale of zero to a hundred. The entity has a beta of 3.91, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Saipem SpA will likely underperform. Use Saipem SpA ADR maximum drawdown, as well as the relationship between the skewness and day typical price , to analyze future returns on Saipem SpA ADR.
Auto-correlation | 0.64 |
Good predictability
Saipem SpA ADR has good predictability. Overlapping area represents the amount of predictability between Saipem SpA time series from 17th of March 2024 to 1st of April 2024 and 1st of April 2024 to 16th 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 Saipem SpA ADR price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Saipem SpA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Saipem SpA ADR lagged returns against current returns
Autocorrelation, which is Saipem SpA pink sheet'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 pink sheet 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 has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Saipem SpA pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Saipem SpA pink sheet over time.
Current vs Lagged Prices |
| 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 pink sheet 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 pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Saipem SpA ADR.
Regressed Prices |
| Timeline |
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Check out Saipem SpA Correlation, Saipem SpA Volatility and Saipem SpA Alpha and Beta module to complement your research on Saipem SpA. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Complementary Tools for Saipem Pink Sheet analysis
When running Saipem SpA's 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 the 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 pink sheet 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, pink sheet market cycles, or different charting patterns.