Sm Energy Co Stock Market Value
| SM Stock | USD 48.04 1.07 2.18% |
| Symbol | SM Energy |
SM Energy Price To Book Ratio
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.
SM Energy '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 SM Energy'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 SM Energy.
| 03/19/2024 |
| 04/18/2024 |
If you would invest 0.00 in SM Energy on March 19, 2024 and sell it all today you would earn a total of 0.00 from holding SM Energy Co or generate 0.0% return on investment in SM Energy over 30 days. SM Energy is related to or competes with Vital Energy, Permian Resources, Matador Resources, Obsidian Energy, Magnolia Oil, Civitas Resources, and Range Resources. SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production o... More
SM Energy 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 SM Energy'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 SM Energy Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.8 | |||
| Information Ratio | 0.2275 | |||
| Maximum Drawdown | 7.58 | |||
| Value At Risk | (2.11) | |||
| Potential Upside | 3.12 |
SM Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SM Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SM Energy's standard deviation. In reality, there are many statistical measures that can use SM Energy historical prices to predict the future SM Energy's volatility.| Risk Adjusted Performance | 0.1702 | |||
| Jensen Alpha | 0.3746 | |||
| Total Risk Alpha | 0.3106 | |||
| Sortino Ratio | 0.2161 | |||
| Treynor Ratio | 0.3339 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SM Energy'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.
SM Energy Backtested Returns
SM Energy appears to be very steady, given 3 months investment horizon. SM Energy retains Efficiency (Sharpe Ratio) of 0.33, which indicates the firm had a 0.33% return per unit of price deviation over the last 3 months. By examining SM Energy's technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please review SM Energy's Risk Adjusted Performance of 0.1702, mean deviation of 1.29, and Downside Deviation of 1.8 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, SM Energy holds a performance score of 25. The entity owns a Beta (Systematic Risk) of 1.3, 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, SM Energy will likely underperform. Please check SM Energy's value at risk, and the relationship between the standard deviation and kurtosis , to make a quick decision on whether SM Energy's current price history will revert.
Auto-correlation | -0.92 |
Near perfect reversele predictability
SM Energy Co has near perfect reversele predictability. Overlapping area represents the amount of predictability between SM Energy time series from 19th of March 2024 to 3rd of April 2024 and 3rd of April 2024 to 18th 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 SM Energy price movement. The serial correlation of -0.92 indicates that approximately 92.0% of current SM Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.92 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 1.17 |
SM Energy lagged returns against current returns
Autocorrelation, which is SM Energy 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 SM Energy's stock expected returns. We can calculate the autocorrelation of SM Energy returns to help us make a trade decision. For example, suppose you find that SM Energy 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 |
SM Energy 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 SM Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SM Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SM Energy stock over time.
Current vs Lagged Prices |
| Timeline |
SM Energy Lagged Returns
When evaluating SM Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SM Energy stock have on its future price. SM Energy 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, SM Energy autocorrelation shows the relationship between SM Energy stock current value and its past values and can show if there is a momentum factor associated with investing in SM Energy Co.
Regressed Prices |
| Timeline |
SM Energy Investors Sentiment
The influence of SM Energy'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 SM Energy. 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 SM Energy's public news can be used to forecast risks associated with an investment in SM Energy. The trend in average sentiment can be used to explain how an investor holding SM Energy can time the market purely based on public headlines and social activities around SM Energy Co. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
SM Energy'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 SM Energy'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 SM Energy's news discussions. The higher the estimated score, the more favorable is the investor's outlook on SM Energy.
SM Energy Implied Volatility | 272.79 |
SM Energy's implied volatility exposes the market's sentiment of SM Energy Co stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if SM Energy's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that SM Energy stock will not fluctuate a lot when SM Energy's options are near their expiration.
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 SM Energy 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, SM Energy's short interest history, or implied volatility extrapolated from SM Energy options trading.
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When determining whether SM Energy is a strong investment it is important to analyze SM Energy'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 SM Energy's future performance. For an informed investment choice regarding SM Energy Stock, refer to the following important reports:Check out SM Energy Correlation, SM Energy Volatility and SM Energy Alpha and Beta module to complement your research on SM Energy. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Complementary Tools for SM Energy Stock analysis
When running SM Energy's price analysis, check to measure SM Energy'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 SM Energy is operating at the current time. Most of SM Energy's value examination focuses on studying past and present price action to predict the probability of SM Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SM Energy's price. Additionally, you may evaluate how the addition of SM Energy to your portfolios can decrease your overall portfolio volatility.
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SM Energy 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.