Supernova Energy Stock Market Value
| SPRN Stock | USD 0.0003 0.00 0.00% |
| Symbol | Supernova |
Supernova 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 Supernova Energy'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 Supernova Energy.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in Supernova Energy on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding Supernova Energy or generate 0.0% return on investment in Supernova Energy over 30 days. Supernova Energy is related to or competes with Cross Timbers, Kimbell Royalty, Black Stone, VOC Energy, Sabine Royalty, Pantheon Resources, and Eco Oil. Supernova Energy, Inc. engages in the exploration and production of oil and gas properties primarily in Kansas More
Supernova 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 Supernova Energy'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 Supernova Energy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1068 | |||
| Maximum Drawdown | 50.0 |
Supernova Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Supernova Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Supernova Energy's standard deviation. In reality, there are many statistical measures that can use Supernova Energy historical prices to predict the future Supernova Energy's volatility.| Risk Adjusted Performance | 0.0981 | |||
| Jensen Alpha | 0.7177 | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | 2.25 |
Supernova Energy Backtested Returns
Supernova Energy appears to be out of control, given 3 months investment horizon. Supernova Energy owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. By inspecting Supernova Energy's technical indicators, you can evaluate if the expected return of 0.78% is justified by implied risk. Please review Supernova Energy's Coefficient Of Variation of 812.4, risk adjusted performance of 0.0981, and Variance of 37.88 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Supernova Energy holds a performance score of 9. The entity has a beta of 0.33, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Supernova Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Supernova Energy is expected to be smaller as well. Please check Supernova Energy's treynor ratio and day median price , to make a quick decision on whether Supernova Energy's existing price patterns will revert.
Auto-correlation | 0.00 |
No correlation between past and present
Supernova Energy has no correlation between past and present. Overlapping area represents the amount of predictability between Supernova Energy time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th 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 Supernova Energy price movement. The serial correlation of 0.0 indicates that just 0.0% of current Supernova Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Supernova Energy lagged returns against current returns
Autocorrelation, which is Supernova Energy 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 Supernova Energy's pink sheet expected returns. We can calculate the autocorrelation of Supernova Energy returns to help us make a trade decision. For example, suppose you find that Supernova Energy 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 |
Supernova 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 Supernova Energy pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Supernova Energy pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Supernova Energy pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Supernova Energy Lagged Returns
When evaluating Supernova Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Supernova Energy pink sheet have on its future price. Supernova 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, Supernova Energy autocorrelation shows the relationship between Supernova Energy pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Supernova Energy.
Regressed Prices |
| Timeline |
Pair Trading with Supernova Energy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Supernova Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Supernova Energy will appreciate offsetting losses from the drop in the long position's value.Moving against Supernova Pink Sheet
| 0.71 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.58 | ARE | Alexandria Real Estate Sell-off Trend | PairCorr |
| 0.57 | OPHLF | Ono Pharmaceutical | PairCorr |
| 0.55 | ESALF | Eisai | PairCorr |
| 0.5 | DSKYF | Daiichi Sankyo | PairCorr |
The ability to find closely correlated positions to Supernova Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Supernova Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Supernova Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Supernova Energy to buy it.
The correlation of Supernova Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Supernova Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Supernova Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Supernova Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Supernova Pink Sheet
Supernova Energy financial ratios help investors to determine whether Supernova 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 Supernova with respect to the benefits of owning Supernova Energy security.