Shamaran Petroleum Corp Stock Market Value
| SNM Stock | CAD 0.13 0.01 8.33% |
| Symbol | ShaMaran |
ShaMaran Petroleum Corp Price To Book Ratio
ShaMaran Petroleum '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 ShaMaran Petroleum'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 ShaMaran Petroleum.
| 12/08/2024 |
| 01/07/2025 |
If you would invest 0.00 in ShaMaran Petroleum on December 8, 2024 and sell it all today you would earn a total of 0.00 from holding ShaMaran Petroleum Corp or generate 0.0% return on investment in ShaMaran Petroleum over 30 days. ShaMaran Petroleum is related to or competes with Africa Oil, CGX Energy, and New Zealand. ShaMaran Petroleum Corp., together with its subsidiaries, engages in the exploration and development of oil and gas prop... More
ShaMaran Petroleum 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 ShaMaran Petroleum'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 ShaMaran Petroleum Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.58 | |||
| Information Ratio | 0.1702 | |||
| Maximum Drawdown | 25.87 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 12.5 |
ShaMaran Petroleum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ShaMaran Petroleum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ShaMaran Petroleum's standard deviation. In reality, there are many statistical measures that can use ShaMaran Petroleum historical prices to predict the future ShaMaran Petroleum's volatility.| Risk Adjusted Performance | 0.1499 | |||
| Jensen Alpha | 0.9465 | |||
| Total Risk Alpha | 0.8723 | |||
| Sortino Ratio | 0.0986 | |||
| Treynor Ratio | 1.17 |
ShaMaran Petroleum Corp Backtested Returns
ShaMaran Petroleum is out of control given 3 months investment horizon. ShaMaran Petroleum Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.2, which indicates the firm had a 0.2% return per unit of risk over the last 3 months. We were able to interpolate twenty-seven different technical indicators, which can help you to evaluate if expected returns of 1.2% are justified by taking the suggested risk. Use ShaMaran Petroleum Corp Risk Adjusted Performance of 0.1499, semi deviation of 3.03, and Coefficient Of Variation of 573.81 to evaluate company specific risk that cannot be diversified away. ShaMaran Petroleum holds a performance score of 16 on a scale of zero to a hundred. The entity has a beta of 0.82, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, ShaMaran Petroleum's returns are expected to increase less than the market. However, during the bear market, the loss of holding ShaMaran Petroleum is expected to be smaller as well. Use ShaMaran Petroleum Corp information ratio, downside variance, day typical price, as well as the relationship between the treynor ratio and kurtosis , to analyze future returns on ShaMaran Petroleum Corp.
Auto-correlation | 0.26 |
Poor predictability
ShaMaran Petroleum Corp has poor predictability. Overlapping area represents the amount of predictability between ShaMaran Petroleum time series from 8th of December 2024 to 23rd of December 2024 and 23rd of December 2024 to 7th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ShaMaran Petroleum Corp price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current ShaMaran Petroleum price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ShaMaran Petroleum Corp lagged returns against current returns
Autocorrelation, which is ShaMaran Petroleum 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 ShaMaran Petroleum's stock expected returns. We can calculate the autocorrelation of ShaMaran Petroleum returns to help us make a trade decision. For example, suppose you find that ShaMaran Petroleum 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 |
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ShaMaran Petroleum 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 ShaMaran Petroleum stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ShaMaran Petroleum stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ShaMaran Petroleum stock over time.
Current vs Lagged Prices |
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ShaMaran Petroleum Lagged Returns
When evaluating ShaMaran Petroleum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ShaMaran Petroleum stock have on its future price. ShaMaran Petroleum 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, ShaMaran Petroleum autocorrelation shows the relationship between ShaMaran Petroleum stock current value and its past values and can show if there is a momentum factor associated with investing in ShaMaran Petroleum Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for ShaMaran Stock Analysis
When running ShaMaran Petroleum's price analysis, check to measure ShaMaran Petroleum'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 ShaMaran Petroleum is operating at the current time. Most of ShaMaran Petroleum's value examination focuses on studying past and present price action to predict the probability of ShaMaran Petroleum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ShaMaran Petroleum's price. Additionally, you may evaluate how the addition of ShaMaran Petroleum to your portfolios can decrease your overall portfolio volatility.