Select Energy Services Stock Market Value
| WTTR Stock | USD 14.60 0.27 1.88% |
| Symbol | Select |
Select Energy Services Price To Book Ratio
Is Oil & Gas Equipment & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Select Energy. If investors know Select will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Select Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.098 | Dividend Share 0.25 | Earnings Share 0.59 | Revenue Per Share 14.818 | Quarterly Revenue Growth (0.05) |
The market value of Select Energy Services is measured differently than its book value, which is the value of Select that is recorded on the company's balance sheet. Investors also form their own opinion of Select Energy's value that differs from its market value or its book value, called intrinsic value, which is Select Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Select Energy's market value can be influenced by many factors that don't directly affect Select Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Select Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Select Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Select Energy'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.
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.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Select Energy on November 12, 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 Orion Engineered, Element Solutions, Kronos Worldwide, FutureFuel Corp, Perimeter Solutions, Ecovyst, and Quaker Chemical. 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 | 2.23 | |||
| Information Ratio | 0.1244 | |||
| Maximum Drawdown | 28.67 | |||
| Value At Risk | (3.15) | |||
| Potential Upside | 3.95 |
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 | 0.1217 | |||
| Jensen Alpha | 0.272 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.211 | |||
| Treynor Ratio | 0.2139 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Select Energy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Select Energy Services Backtested Returns
Select Energy appears to be somewhat reliable, given 3 months investment horizon. Select Energy Services owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the firm had a 0.15% 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 0.58% is justified by implied risk. Please review Select Energy's Semi Deviation of 1.9, risk adjusted performance of 0.1217, and Coefficient Of Variation of 635.83 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 11. The entity has a beta of 2.74, 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 value at risk, as well as the relationship between the kurtosis and price action indicator , to make a quick decision on whether Select Energy's existing price patterns will revert.
Auto-correlation | -0.83 |
Excellent reverse predictability
Select Energy Services has excellent reverse predictability. Overlapping area represents the amount of predictability between Select Energy time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 -0.83 indicates that around 83.0% of current Select Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
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 |
Pair Trading with Select 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 Select 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 Select Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Select Stock
| 0.83 | NR | Newpark Resources | PairCorr |
| 0.93 | TS | Tenaris SA ADR | PairCorr |
| 0.84 | VTOL | Bristow Group | PairCorr |
| 0.91 | EFXT | Enerflex | PairCorr |
Moving against Select Stock
The ability to find closely correlated positions to Select 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 Select 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 Select 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 Select Energy Services to buy it.
The correlation of Select 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 Select Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Select Energy Services 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 Select 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.Additional Tools for Select Stock Analysis
When running Select Energy's price analysis, check to measure Select Energy'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 Select Energy is operating at the current time. Most of Select Energy's value examination focuses on studying past and present price action to predict the probability of Select Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Select Energy's price. Additionally, you may evaluate how the addition of Select Energy to your portfolios can decrease your overall portfolio volatility.