Secure Energy Services Stock Market Value
| SES Stock | CAD 12.11 0.18 1.51% |
| Symbol | Secure |
Secure Energy Services Price To Book Ratio
Secure 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 Secure 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 Secure Energy.
| 05/30/2024 |
| 06/29/2024 |
If you would invest 0.00 in Secure Energy on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Secure Energy Services or generate 0.0% return on investment in Secure Energy over 30 days. Secure Energy is related to or competes with Thermal Energy. Secure Energy Services Inc., an energy services company, provides specialized solutions to upstream oil and natural gas ... More
Secure 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 Secure 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 Secure Energy Services upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.51 | |||
| Information Ratio | 0.0951 | |||
| Maximum Drawdown | 7.85 | |||
| Value At Risk | (2.55) | |||
| Potential Upside | 2.97 |
Secure Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Secure Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Secure Energy's standard deviation. In reality, there are many statistical measures that can use Secure Energy historical prices to predict the future Secure Energy's volatility.| Risk Adjusted Performance | 0.0659 | |||
| Jensen Alpha | 0.1359 | |||
| Total Risk Alpha | 0.168 | |||
| Sortino Ratio | 0.0983 | |||
| Treynor Ratio | 0.9768 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Secure 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.
Secure Energy Services Backtested Returns
As of now, Secure Stock is not too volatile. Secure Energy Services owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0746, which indicates the firm had a 0.0746% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Secure Energy Services, which you can use to evaluate the volatility of the company. Please validate Secure Energy's Semi Deviation of 1.38, risk adjusted performance of 0.0659, and Coefficient Of Variation of 1081.98 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. Secure Energy has a performance score of 5 on a scale of 0 to 100. The entity has a beta of 0.14, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Secure Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Secure Energy is expected to be smaller as well. Secure Energy Services right now has a risk of 1.55%. Please validate Secure Energy jensen alpha, semi variance, day typical price, as well as the relationship between the maximum drawdown and accumulation distribution , to decide if Secure Energy will be following its existing price patterns.
Auto-correlation | 0.37 |
Below average predictability
Secure Energy Services has below average predictability. Overlapping area represents the amount of predictability between Secure Energy time series from 30th of May 2024 to 14th of June 2024 and 14th of June 2024 to 29th 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 Secure Energy Services price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Secure Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Secure Energy Services lagged returns against current returns
Autocorrelation, which is Secure 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 Secure Energy's stock expected returns. We can calculate the autocorrelation of Secure Energy returns to help us make a trade decision. For example, suppose you find that Secure 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 |
Secure 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 Secure Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Secure Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Secure Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Secure Energy Lagged Returns
When evaluating Secure Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Secure Energy stock have on its future price. Secure 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, Secure Energy autocorrelation shows the relationship between Secure Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Secure Energy Services.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectOther Information on Investing in Secure Stock
Secure Energy financial ratios help investors to determine whether Secure Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Secure with respect to the benefits of owning Secure Energy security.