Schlumberger (Brazil) Market Value
| SLBG34 Stock | BRL 122.52 1.48 1.19% |
| Symbol | Schlumberger |
Schlumberger '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 Schlumberger'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 Schlumberger.
| 10/16/2024 |
| 12/15/2024 |
If you would invest 0.00 in Schlumberger on October 16, 2024 and sell it all today you would earn a total of 0.00 from holding Schlumberger Limited or generate 0.0% return on investment in Schlumberger over 60 days. Schlumberger is related to or competes with TAL Education, American Airlines, Raytheon Technologies, Paycom Software, Dell Technologies, and British American. Schlumberger Limited supplies technology for reservoir characterization, drilling, production, and processing to the oil... More
Schlumberger 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 Schlumberger'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 Schlumberger Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.11 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 10.82 | |||
| Value At Risk | (3.11) | |||
| Potential Upside | 2.99 |
Schlumberger Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Schlumberger's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Schlumberger's standard deviation. In reality, there are many statistical measures that can use Schlumberger historical prices to predict the future Schlumberger's volatility.| Risk Adjusted Performance | 0.0336 | |||
| Jensen Alpha | 0.048 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.3314 |
Schlumberger Limited Backtested Returns
At this point, Schlumberger is very steady. Schlumberger Limited owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0918, which indicates the firm had a 0.0918% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Schlumberger Limited, which you can use to evaluate the volatility of the company. Please validate Schlumberger's Semi Deviation of 1.88, risk adjusted performance of 0.0336, and Coefficient Of Variation of 2664.38 to confirm if the risk estimate we provide is consistent with the expected return of 0.18%. Schlumberger has a performance score of 7 on a scale of 0 to 100. The entity has a beta of 0.2, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Schlumberger's returns are expected to increase less than the market. However, during the bear market, the loss of holding Schlumberger is expected to be smaller as well. Schlumberger Limited right now has a risk of 1.94%. Please validate Schlumberger jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to decide if Schlumberger will be following its existing price patterns.
Auto-correlation | -0.58 |
Good reverse predictability
Schlumberger Limited has good reverse predictability. Overlapping area represents the amount of predictability between Schlumberger time series from 16th of October 2024 to 15th of November 2024 and 15th of November 2024 to 15th 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 Schlumberger Limited price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Schlumberger price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 6.3 |
Schlumberger Limited lagged returns against current returns
Autocorrelation, which is Schlumberger 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 Schlumberger's stock expected returns. We can calculate the autocorrelation of Schlumberger returns to help us make a trade decision. For example, suppose you find that Schlumberger 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 |
Schlumberger 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 Schlumberger stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Schlumberger stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Schlumberger stock over time.
Current vs Lagged Prices |
| Timeline |
Schlumberger Lagged Returns
When evaluating Schlumberger's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Schlumberger stock have on its future price. Schlumberger 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, Schlumberger autocorrelation shows the relationship between Schlumberger stock current value and its past values and can show if there is a momentum factor associated with investing in Schlumberger Limited.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Schlumberger Stock
Schlumberger financial ratios help investors to determine whether Schlumberger 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 Schlumberger with respect to the benefits of owning Schlumberger security.