Spindletop Og Stock Market Value

SPND Stock  USD 2.00  0.35  14.89%   
Spindletop's market value is the price at which a share of Spindletop trades on a public exchange. It measures the collective expectations of Spindletop OG investors about its performance. Spindletop is trading at 2.00 as of the 22nd of December 2024, a 14.89 percent decrease since the beginning of the trading day. The stock's lowest day price was 2.0.
With this module, you can estimate the performance of a buy and hold strategy of Spindletop OG and determine expected loss or profit from investing in Spindletop over a given investment horizon. Check out Spindletop Correlation, Spindletop Volatility and Spindletop Alpha and Beta module to complement your research on Spindletop.
Symbol

Please note, there is a significant difference between Spindletop's value and its price as these two are different measures arrived at by different means. Investors typically determine if Spindletop is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Spindletop's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Spindletop '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 Spindletop's pink sheet 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 Spindletop.
0.00
11/22/2024
No Change 0.00  0.0 
In 31 days
12/22/2024
0.00
If you would invest  0.00  in Spindletop on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Spindletop OG or generate 0.0% return on investment in Spindletop over 30 days. Spindletop is related to or competes with Africa Oil, ConnectOne Bancorp, RCM Technologies, BlackRock, Fast Retailing, and Obayashi. Spindletop Oil Gas Co., an independent oil and gas company, engages in the acquisition, exploration, development, and pr... More

Spindletop 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 Spindletop's pink sheet 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 Spindletop OG upside and downside potential and time the market with a certain degree of confidence.

Spindletop Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Spindletop's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Spindletop's standard deviation. In reality, there are many statistical measures that can use Spindletop historical prices to predict the future Spindletop's volatility.
Hype
Prediction
LowEstimatedHigh
0.102.008.87
Details
Intrinsic
Valuation
LowRealHigh
0.101.928.79
Details
Naive
Forecast
LowNextHigh
0.052.539.40
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
1.562.232.90
Details

Spindletop OG Backtested Returns

Spindletop OG owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the firm had a -0.12% return per unit of risk over the last 3 months. Spindletop OG exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Spindletop's Coefficient Of Variation of (850.13), risk adjusted performance of (0.08), and Variance of 46.51 to confirm the risk estimate we provide. The entity has a beta of -0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Spindletop are expected to decrease at a much lower rate. During the bear market, Spindletop is likely to outperform the market. At this point, Spindletop OG has a negative expected return of -0.81%. Please make sure to validate Spindletop's treynor ratio, as well as the relationship between the daily balance of power and price action indicator , to decide if Spindletop OG performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.47  

Average predictability

Spindletop OG has average predictability. Overlapping area represents the amount of predictability between Spindletop time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 Spindletop OG price movement. The serial correlation of 0.47 indicates that about 47.0% of current Spindletop price fluctuation can be explain by its past prices.
Correlation Coefficient0.47
Spearman Rank Test0.3
Residual Average0.0
Price Variance0.07

Spindletop OG lagged returns against current returns

Autocorrelation, which is Spindletop pink sheet'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 Spindletop's pink sheet expected returns. We can calculate the autocorrelation of Spindletop returns to help us make a trade decision. For example, suppose you find that Spindletop has exhibited high autocorrelation historically, and you observe that the pink sheet 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  

Spindletop 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 Spindletop pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Spindletop pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Spindletop pink sheet over time.
   Current vs Lagged Prices   
       Timeline  

Spindletop Lagged Returns

When evaluating Spindletop's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Spindletop pink sheet have on its future price. Spindletop 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, Spindletop autocorrelation shows the relationship between Spindletop pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Spindletop OG.
   Regressed Prices   
       Timeline  

Also Currently Popular

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Other Information on Investing in Spindletop Pink Sheet

Spindletop financial ratios help investors to determine whether Spindletop Pink Sheet 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 Spindletop with respect to the benefits of owning Spindletop security.