Sphere 3d Corp Stock Market Value
| ANY Stock | USD 1.30 0.10 7.14% |
| Symbol | Sphere |
Sphere 3D Corp Price To Book Ratio
Is Systems Software 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 Sphere 3D. If investors know Sphere 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 Sphere 3D listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.76) | Revenue Per Share 1.603 | Quarterly Revenue Growth (0.15) | Return On Assets (0.17) | Return On Equity (0.35) |
The market value of Sphere 3D Corp is measured differently than its book value, which is the value of Sphere that is recorded on the company's balance sheet. Investors also form their own opinion of Sphere 3D's value that differs from its market value or its book value, called intrinsic value, which is Sphere 3D'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 Sphere 3D's market value can be influenced by many factors that don't directly affect Sphere 3D'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 Sphere 3D's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sphere 3D is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sphere 3D'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.
Sphere 3D '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 Sphere 3D'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 Sphere 3D.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Sphere 3D on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Sphere 3D Corp or generate 0.0% return on investment in Sphere 3D over 30 days. Sphere 3D is related to or competes with Paylocity Holdng, Alkami Technology, Expensify, Envestnet, Paycor HCM, Procore Technologies, and Descartes Systems. Sphere 3D Corp. focuses on operating as a carbon neutral bitcoin mining company More
Sphere 3D 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 Sphere 3D'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 Sphere 3D Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.41 | |||
| Information Ratio | 0.0745 | |||
| Maximum Drawdown | 41.6 | |||
| Value At Risk | (8.05) | |||
| Potential Upside | 11.46 |
Sphere 3D Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sphere 3D's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sphere 3D's standard deviation. In reality, there are many statistical measures that can use Sphere 3D historical prices to predict the future Sphere 3D's volatility.| Risk Adjusted Performance | 0.0784 | |||
| Jensen Alpha | 0.274 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | 0.0906 | |||
| Treynor Ratio | 0.1858 |
Sphere 3D Corp Backtested Returns
Sphere 3D appears to be very risky, given 3 months investment horizon. Sphere 3D Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0904, which indicates the firm had a 0.0904% return per unit of risk over the last 3 months. By inspecting Sphere 3D's technical indicators, you can evaluate if the expected return of 0.6% is justified by implied risk. Please review Sphere 3D's Coefficient Of Variation of 1096.61, risk adjusted performance of 0.0784, and Semi Deviation of 4.52 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sphere 3D holds a performance score of 7. The entity has a beta of 3.17, 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, Sphere 3D will likely underperform. Please check Sphere 3D's daily balance of power, period momentum indicator, as well as the relationship between the downside variance and total risk alpha , to make a quick decision on whether Sphere 3D's existing price patterns will revert.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Sphere 3D Corp has insignificant reverse predictability. Overlapping area represents the amount of predictability between Sphere 3D time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd of November 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 Sphere 3D Corp price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Sphere 3D price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Sphere 3D Corp lagged returns against current returns
Autocorrelation, which is Sphere 3D 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 Sphere 3D's stock expected returns. We can calculate the autocorrelation of Sphere 3D returns to help us make a trade decision. For example, suppose you find that Sphere 3D 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 |
Sphere 3D 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 Sphere 3D stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sphere 3D stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sphere 3D stock over time.
Current vs Lagged Prices |
| Timeline |
Sphere 3D Lagged Returns
When evaluating Sphere 3D's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sphere 3D stock have on its future price. Sphere 3D 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, Sphere 3D autocorrelation shows the relationship between Sphere 3D stock current value and its past values and can show if there is a momentum factor associated with investing in Sphere 3D Corp.
Regressed Prices |
| Timeline |
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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.Additional Tools for Sphere Stock Analysis
When running Sphere 3D's price analysis, check to measure Sphere 3D'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 Sphere 3D is operating at the current time. Most of Sphere 3D's value examination focuses on studying past and present price action to predict the probability of Sphere 3D's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sphere 3D's price. Additionally, you may evaluate how the addition of Sphere 3D to your portfolios can decrease your overall portfolio volatility.