Source Energy Services Stock Price on December 5, 2024
| SHLE Stock | CAD 15.80 0.43 2.65% |
If you're considering investing in Source Stock, it is important to understand the factors that can impact its price. As of today, the current price of Source Energy stands at 15.80, as last reported on the 5th of January, with the highest price reaching 16.69 and the lowest price hitting 15.77 during the day. Source Energy appears to be somewhat reliable, given 3 months investment horizon. Source Energy Services owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the firm had a 0.15% return per unit of risk over the last 3 months. By inspecting Source Energy's technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please review Source Energy's Coefficient Of Variation of 679.79, semi deviation of 2.58, and Risk Adjusted Performance of 0.1271 to confirm if our risk estimates are consistent with your expectations.
Source Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Source |
Sharpe Ratio = 0.1471
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Estimated Market Risk
| 3.55 actual daily | 31 69% of assets are more volatile |
Expected Return
| 0.52 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average Source Energy is performing at about 11% of its full potential. 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 Source Energy by adding it to a well-diversified portfolio.
Source Energy Valuation on December 5, 2024
It is possible to determine the worth of Source Energy on a given historical date. On December 5, 2024 Source was worth 17.08 at the beginning of the trading date compared to the closed value of 16.61. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Source Energy stock. Still, in general, we apply an absolute valuation method to find Source 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 Source Energy where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Source Energy's related companies.
| Open | High | Low | Close | Volume | |
| 16.85 | 17.22 | 16.76 | 17.09 | 21,085 | |
12/05/2024 | 17.08 | 17.09 | 16.61 | 16.61 | 11,400 |
| 16.83 | 16.83 | 16.40 | 16.41 | 17,605 |
| Backtest Source Energy | | | Source Energy History | | | Source Energy Valuation | Previous | Next |
Source Energy Trading Date Momentum on December 5, 2024
| On December 06 2024 Source Energy Services was traded for 16.41 at the closing time. The highest price during the trading period was 16.83 and the lowest recorded bid was listed for 16.40 . The volume for the day was 17.6 K. This history from December 6, 2024 contributed to the next trading day price decline. The trading price change to the next closing price was 1.20% . The trading price change to the current price is 1.20% . |
Source Energy Services Fundamentals Correlations and Trends
By evaluating Source 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 Source Energy's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Source financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Source Energy Stock history
Source 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 Source is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Source Energy Services 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 Source Energy stock prices may prove useful in developing a viable investing in Source Energy
Source Energy Services Ltd. produces, supplies, and distributes Northern White frac sand used primarily in oil and gas exploration and production in Western Canada and the United States. The company was founded in 2017 and is headquartered in Calgary, Canada. SOURCE ENERGY operates under Oil Gas Equipment Services classification in Canada and is traded on Toronto Stock Exchange. It employs 382 people.
Source Energy Stock Technical Analysis
Source 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
Source Energy Period Price Range
Low | January 5, 2025
| High |
0.00 | 0.00 |
Source Energy Services cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto 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.
Source Energy January 5, 2025 Market Strength
Market strength indicators help investors to evaluate how Source 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 Source Energy shares will generate the highest return on investment. By undertsting and applying Source Energy stock market strength indicators, traders can identify Source Energy Services entry and exit signals to maximize returns
Source Energy Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Source Energy's price direction in advance. Along with the technical and fundamental analysis of Source Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Source 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 | 0.1271 | |||
| Jensen Alpha | 0.5135 | |||
| Total Risk Alpha | 0.4578 | |||
| Sortino Ratio | 0.1651 | |||
| Treynor Ratio | (3.79) |
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Other Information on Investing in Source Stock
Source Energy financial ratios help investors to determine whether Source 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 Source with respect to the benefits of owning Source Energy security.