Mitek Systems Stock Market Value
| MITK Stock | USD 9.30 0.02 0.21% |
| Symbol | Mitek |
Mitek Systems Price To Book Ratio
Is Application 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 Mitek Systems. If investors know Mitek 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 Mitek Systems 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 (0.94) | Earnings Share (0.14) | Revenue Per Share 3.59 | Quarterly Revenue Growth 0.044 | Return On Assets (0.01) |
The market value of Mitek Systems is measured differently than its book value, which is the value of Mitek that is recorded on the company's balance sheet. Investors also form their own opinion of Mitek Systems' value that differs from its market value or its book value, called intrinsic value, which is Mitek Systems' 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 Mitek Systems' market value can be influenced by many factors that don't directly affect Mitek Systems' 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 Mitek Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine if Mitek Systems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mitek Systems' 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.
Mitek Systems '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 Mitek Systems' 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 Mitek Systems.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Mitek Systems on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Mitek Systems or generate 0.0% return on investment in Mitek Systems over 30 days. Mitek Systems is related to or competes with Wag Group, OppFi, Riskified, Domo, Open Text, Paycom Soft, and Lightspeed Commerce. Mitek Systems, Inc. develops, markets, and sells mobile image capture and digital identity verification solutions in the... More
Mitek Systems 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 Mitek Systems' 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 Mitek Systems upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.14 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 11.31 | |||
| Value At Risk | (3.60) | |||
| Potential Upside | 3.34 |
Mitek Systems Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mitek Systems' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mitek Systems' standard deviation. In reality, there are many statistical measures that can use Mitek Systems historical prices to predict the future Mitek Systems' volatility.| Risk Adjusted Performance | 0.0107 | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.34) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0012 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mitek Systems' 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.
Mitek Systems Backtested Returns
As of now, Mitek Stock is somewhat reliable. Mitek Systems has Sharpe Ratio of 0.018, which conveys that the firm had a 0.018% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Mitek Systems, which you can use to evaluate the volatility of the firm. Please verify Mitek Systems' Downside Deviation of 2.14, mean deviation of 1.67, and Risk Adjusted Performance of 0.0107 to check out if the risk estimate we provide is consistent with the expected return of 0.0411%. Mitek Systems has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 1.68, which conveys 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, Mitek Systems will likely underperform. Mitek Systems right now secures a risk of 2.28%. Please verify Mitek Systems potential upside, as well as the relationship between the kurtosis and day typical price , to decide if Mitek Systems will be following its current price movements.
Auto-correlation | 0.88 |
Very good predictability
Mitek Systems has very good predictability. Overlapping area represents the amount of predictability between Mitek Systems time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Mitek Systems price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Mitek Systems price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Mitek Systems lagged returns against current returns
Autocorrelation, which is Mitek Systems 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 Mitek Systems' stock expected returns. We can calculate the autocorrelation of Mitek Systems returns to help us make a trade decision. For example, suppose you find that Mitek Systems 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 |
Mitek Systems 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 Mitek Systems stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mitek Systems stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mitek Systems stock over time.
Current vs Lagged Prices |
| Timeline |
Mitek Systems Lagged Returns
When evaluating Mitek Systems' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mitek Systems stock have on its future price. Mitek Systems 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, Mitek Systems autocorrelation shows the relationship between Mitek Systems stock current value and its past values and can show if there is a momentum factor associated with investing in Mitek Systems.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Mitek Systems Correlation, Mitek Systems Volatility and Mitek Systems Alpha and Beta module to complement your research on Mitek Systems. For more information on how to buy Mitek Stock please use our How to buy in Mitek Stock guide.You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Mitek Systems 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.