Select Energy (Germany) Market Value
| 18RA Stock | EUR 13.16 0.45 3.31% |
| Symbol | Select |
Select 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 Select 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 Select Energy.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Select Energy on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Select Energy Services or generate 0.0% return on investment in Select Energy over 30 days. Select Energy is related to or competes with Superior Plus, SIVERS SEMICONDUCTORS, Norsk Hydro, Reliance Steel, RYOHIN UNSPADR1, Vanguard Funds, and Meli Hotels. Select Energy Services, Inc., an oilfield services company, provides water management and chemical solutions to the onsh... More
Select 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 Select 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 Select Energy Services upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.95 | |||
| Information Ratio | 0.141 | |||
| Maximum Drawdown | 20.03 | |||
| Value At Risk | (3.31) | |||
| Potential Upside | 4.36 |
Select Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Select Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Select Energy's standard deviation. In reality, there are many statistical measures that can use Select Energy historical prices to predict the future Select Energy's volatility.| Risk Adjusted Performance | 0.1324 | |||
| Jensen Alpha | 0.3421 | |||
| Total Risk Alpha | 0.1446 | |||
| Sortino Ratio | 0.2357 | |||
| Treynor Ratio | 0.2393 |
Select Energy Services Backtested Returns
Select Energy appears to be not too volatile, given 3 months investment horizon. Select Energy Services owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the firm had a 0.17% return per unit of risk over the last 3 months. By inspecting Select Energy's technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please review Select Energy's Coefficient Of Variation of 581.96, semi deviation of 1.54, and Risk Adjusted Performance of 0.1324 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Select Energy holds a performance score of 13. The entity has a beta of 2.29, 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, Select Energy will likely underperform. Please check Select Energy's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Select Energy's existing price patterns will revert.
Auto-correlation | -0.81 |
Excellent reverse predictability
Select Energy Services has excellent reverse predictability. Overlapping area represents the amount of predictability between Select Energy time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th of December 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 Select Energy Services price movement. The serial correlation of -0.81 indicates that around 81.0% of current Select Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.81 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Select Energy Services lagged returns against current returns
Autocorrelation, which is Select 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 Select Energy's stock expected returns. We can calculate the autocorrelation of Select Energy returns to help us make a trade decision. For example, suppose you find that Select 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 |
Select 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 Select Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Select Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Select Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Select Energy Lagged Returns
When evaluating Select Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Select Energy stock have on its future price. Select 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, Select Energy autocorrelation shows the relationship between Select Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Select Energy Services.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Select Stock
When determining whether Select Energy Services is a strong investment it is important to analyze Select 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 Select Energy's future performance. For an informed investment choice regarding Select Stock, refer to the following important reports:Check out Select Energy Correlation, Select Energy Volatility and Select Energy Alpha and Beta module to complement your research on Select Energy. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Select 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.