Spectrascience New Stock Market Value
Spectrascience New's market value is the price at which a share of Spectrascience New trades on a public exchange. It measures the collective expectations of Spectrascience New investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of Spectrascience New and determine expected loss or profit from investing in Spectrascience New over a given investment horizon. Check out Spectrascience New Correlation, Spectrascience New Volatility and Spectrascience New Alpha and Beta module to complement your research on Spectrascience New. For information on how to trade Spectrascience Stock refer to our How to Trade Spectrascience Stock guide.
| Symbol | Spectrascience |
Spectrascience New Price To Book Ratio
Is Health Care Equipment & Supplies 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 Spectrascience New. If investors know Spectrascience 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 Spectrascience New listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.01) | Return On Assets (0.92) |
The market value of Spectrascience New is measured differently than its book value, which is the value of Spectrascience that is recorded on the company's balance sheet. Investors also form their own opinion of Spectrascience New's value that differs from its market value or its book value, called intrinsic value, which is Spectrascience New'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 Spectrascience New's market value can be influenced by many factors that don't directly affect Spectrascience New'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 Spectrascience New's value and its price as these two are different measures arrived at by different means. Investors typically determine if Spectrascience New is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Spectrascience New'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.
Spectrascience New '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 Spectrascience New'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 Spectrascience New.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Spectrascience New on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Spectrascience New or generate 0.0% return on investment in Spectrascience New over 720 days. SpectraScience, Inc. develops and markets a technology platform to instantly determine whether a tissue is normal, pre-c... More
Spectrascience New 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 Spectrascience New'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 Spectrascience New upside and downside potential and time the market with a certain degree of confidence.
Spectrascience New Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Spectrascience New's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Spectrascience New's standard deviation. In reality, there are many statistical measures that can use Spectrascience New historical prices to predict the future Spectrascience New's volatility.Spectrascience New Backtested Returns
We have found zero technical indicators for Spectrascience New, which you can use to evaluate the volatility of the company. The entity has a beta of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and Spectrascience New are completely uncorrelated.
Auto-correlation | -0.05 |
Very weak reverse predictability
Spectrascience New has very weak reverse predictability. Overlapping area represents the amount of predictability between Spectrascience New time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 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 Spectrascience New price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Spectrascience New price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | 0.97 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Spectrascience New lagged returns against current returns
Autocorrelation, which is Spectrascience New 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 Spectrascience New's stock expected returns. We can calculate the autocorrelation of Spectrascience New returns to help us make a trade decision. For example, suppose you find that Spectrascience New 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 |
Spectrascience New 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 Spectrascience New stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Spectrascience New stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Spectrascience New stock over time.
Current vs Lagged Prices |
| Timeline |
Spectrascience New Lagged Returns
When evaluating Spectrascience New's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Spectrascience New stock have on its future price. Spectrascience New 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, Spectrascience New autocorrelation shows the relationship between Spectrascience New stock current value and its past values and can show if there is a momentum factor associated with investing in Spectrascience New.
Regressed Prices |
| Timeline |
Also Currently Popular
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.When determining whether Spectrascience New is a strong investment it is important to analyze Spectrascience New's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Spectrascience New's future performance. For an informed investment choice regarding Spectrascience Stock, refer to the following important reports:Check out Spectrascience New Correlation, Spectrascience New Volatility and Spectrascience New Alpha and Beta module to complement your research on Spectrascience New. For information on how to trade Spectrascience Stock refer to our How to Trade Spectrascience Stock guide.You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Spectrascience New 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.