Sandridge Energy Stock Price on September 20, 2023
SD Stock | USD 10.50 0.03 0.28% |
If you're considering investing in SandRidge Stock, it is important to understand the factors that can impact its price. As of today, the current price of SandRidge Energy stands at 10.50, as last reported on the 23rd of December, with the highest price reaching 10.61 and the lowest price hitting 10.44 during the day. SandRidge Energy owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0951, which indicates the firm had a -0.0951% return per unit of risk over the last 3 months. SandRidge Energy exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SandRidge Energy's Coefficient Of Variation of (1,052), variance of 3.65, and Risk Adjusted Performance of (0.07) to confirm the risk estimate we provide.
SandRidge Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
SandRidge |
Sharpe Ratio = -0.0951
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Estimated Market Risk
1.91 actual daily | 17 83% of assets are more volatile |
Expected Return
-0.18 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.1 actual daily | 0 Most of other assets perform better |
Based on monthly moving average SandRidge Energy is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of SandRidge Energy by adding SandRidge Energy to a well-diversified portfolio.
SandRidge Energy Valuation on September 20, 2023
It is possible to determine the worth of SandRidge Energy on a given historical date. On September 20, 2023 SandRidge was worth 13.27 at the beginning of the trading date compared to the closed value of 13.27. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of SandRidge Energy stock. Still, in general, we apply an absolute valuation method to find SandRidge Energy's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of SandRidge Energy where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against SandRidge Energy's related companies.
Open | High | Low | Close | Volume | |
13.52 | 13.64 | 13.27 | 13.34 | 224,171 | |
09/20/2023 | 13.27 | 13.51 | 13.23 | 13.27 | 255,171 |
13.21 | 13.27 | 12.99 | 13.12 | 410,460 |
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SandRidge Energy Trading Date Momentum on September 20, 2023
On September 21 2023 SandRidge Energy was traded for 13.12 at the closing time. The highest price during the trading period was 13.27 and the lowest recorded bid was listed for 12.99 . The volume for the day was 410.5 K. This history from September 21, 2023 contributed to the next trading day price decline. The trading price change to the next closing price was 1.13% . The trading price change to the current price is 0.90% . |
SandRidge Energy Fundamentals Correlations and Trends
By evaluating SandRidge Energy's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among SandRidge Energy's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. SandRidge financial account trend analysis is a perfect complement when working with valuation or volatility modules.About SandRidge Energy Stock history
SandRidge Energy investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for SandRidge is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in SandRidge Energy will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing SandRidge Energy stock prices may prove useful in developing a viable investing in SandRidge Energy
SandRidge Energy, Inc. engages in the acquisition, development, and production of oil and natural gas primarily in the United States Mid-Continent. The company was incorporated in 2006 and is headquartered in Oklahoma City, Oklahoma. Sandridge Energy operates under Oil Gas EP classification in the United States and is traded on New York Stock Exchange. It employs 101 people.
SandRidge Energy Stock Technical Analysis
SandRidge 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.
Price Boundaries
SandRidge Energy Period Price Range
Low | December 23, 2024
| High |
0.00 | 0.00 |
SandRidge Energy cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
SandRidge Energy December 23, 2024 Market Strength
Market strength indicators help investors to evaluate how SandRidge Energy stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading SandRidge Energy shares will generate the highest return on investment. By undertsting and applying SandRidge Energy stock market strength indicators, traders can identify SandRidge Energy entry and exit signals to maximize returns
SandRidge Energy Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for SandRidge Energy's price direction in advance. Along with the technical and fundamental analysis of SandRidge Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of SandRidge to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | (0.07) | |||
Jensen Alpha | (0.20) | |||
Total Risk Alpha | (0.25) | |||
Treynor Ratio | (0.37) |
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When running SandRidge Energy's price analysis, check to measure SandRidge 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 SandRidge Energy is operating at the current time. Most of SandRidge Energy's value examination focuses on studying past and present price action to predict the probability of SandRidge 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 SandRidge Energy's price. Additionally, you may evaluate how the addition of SandRidge Energy to your portfolios can decrease your overall portfolio volatility.
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