Connectm Technology Solutions, Stock Market Value
| CNTM Stock | USD 0.98 0.10 11.36% |
| Symbol | ConnectM |
ConnectM Technology Price To Book Ratio
Is Technology Hardware, Storage & Peripherals 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 ConnectM Technology. If investors know ConnectM 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 ConnectM Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.28) | Revenue Per Share 12.644 | Quarterly Revenue Growth (0.06) |
The market value of ConnectM Technology is measured differently than its book value, which is the value of ConnectM that is recorded on the company's balance sheet. Investors also form their own opinion of ConnectM Technology's value that differs from its market value or its book value, called intrinsic value, which is ConnectM Technology'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 ConnectM Technology's market value can be influenced by many factors that don't directly affect ConnectM Technology'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 ConnectM Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if ConnectM Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ConnectM Technology'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.
ConnectM Technology '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 ConnectM Technology'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 ConnectM Technology.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in ConnectM Technology on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding ConnectM Technology Solutions, or generate 0.0% return on investment in ConnectM Technology over 60 days. ConnectM Technology is related to or competes with Siriuspoint, Pinterest, Getty Images, BCE, NETGEAR, Playtech Plc, and Playtika Holding. Contact Minerals Corporation, an exploration stage company, engages in the acquisition and exploration of mineral properties. More
ConnectM Technology 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 ConnectM Technology'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 ConnectM Technology Solutions, upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.18 | |||
| Information Ratio | 0.0447 | |||
| Maximum Drawdown | 30.8 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 13.75 |
ConnectM Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ConnectM Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ConnectM Technology's standard deviation. In reality, there are many statistical measures that can use ConnectM Technology historical prices to predict the future ConnectM Technology's volatility.| Risk Adjusted Performance | 0.058 | |||
| Jensen Alpha | 0.1837 | |||
| Total Risk Alpha | (0.57) | |||
| Sortino Ratio | 0.0556 | |||
| Treynor Ratio | 0.2118 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ConnectM Technology'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.
ConnectM Technology Backtested Returns
ConnectM Technology appears to be abnormally volatile, given 3 months investment horizon. ConnectM Technology secures Sharpe Ratio (or Efficiency) of 0.0568, which signifies that the company had a 0.0568% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for ConnectM Technology Solutions,, which you can use to evaluate the volatility of the firm. Please makes use of ConnectM Technology's Risk Adjusted Performance of 0.058, mean deviation of 4.91, and Downside Deviation of 5.18 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ConnectM Technology holds a performance score of 4. The firm shows a Beta (market volatility) of 1.9, which signifies 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, ConnectM Technology will likely underperform. Please check ConnectM Technology's treynor ratio and the relationship between the semi variance and price action indicator , to make a quick decision on whether ConnectM Technology's price patterns will revert.
Auto-correlation | 0.06 |
Virtually no predictability
ConnectM Technology Solutions, has virtually no predictability. Overlapping area represents the amount of predictability between ConnectM Technology time series from 29th of September 2024 to 29th of October 2024 and 29th of October 2024 to 28th 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 ConnectM Technology price movement. The serial correlation of 0.06 indicates that barely 6.0% of current ConnectM Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ConnectM Technology lagged returns against current returns
Autocorrelation, which is ConnectM Technology 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 ConnectM Technology's stock expected returns. We can calculate the autocorrelation of ConnectM Technology returns to help us make a trade decision. For example, suppose you find that ConnectM Technology 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 |
ConnectM Technology 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 ConnectM Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ConnectM Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ConnectM Technology stock over time.
Current vs Lagged Prices |
| Timeline |
ConnectM Technology Lagged Returns
When evaluating ConnectM Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ConnectM Technology stock have on its future price. ConnectM Technology 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, ConnectM Technology autocorrelation shows the relationship between ConnectM Technology stock current value and its past values and can show if there is a momentum factor associated with investing in ConnectM Technology Solutions,.
Regressed Prices |
| Timeline |
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ConnectM Technology technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.