Spar Group Stock Market Value
| SGRP Stock | USD 1.83 0.02 1.08% |
| Symbol | SPAR |
SPAR Group Price To Book Ratio
Is Advertising 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 SPAR. If investors know SPAR 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 SPAR 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 4.458 | Earnings Share 0.51 | Revenue Per Share | Quarterly Revenue Growth (0.13) | Return On Assets |
The market value of SPAR Group is measured differently than its book value, which is the value of SPAR that is recorded on the company's balance sheet. Investors also form their own opinion of SPAR's value that differs from its market value or its book value, called intrinsic value, which is SPAR'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 SPAR's market value can be influenced by many factors that don't directly affect SPAR'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 SPAR's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPAR is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPAR'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.
SPAR '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 SPAR'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 SPAR.
| 12/21/2024 |
| 01/20/2025 |
If you would invest 0.00 in SPAR on December 21, 2024 and sell it all today you would earn a total of 0.00 from holding SPAR Group or generate 0.0% return on investment in SPAR over 30 days. SPAR is related to or competes with Mitie Group, Dexterra, Intertek Group, Brambles, AZZ Incorporated, Wilhelmina, and LegalZoom. SPAR Group, Inc., together with its subsidiaries, provides merchandising and brand marketing services worldwide More
SPAR 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 SPAR'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 SPAR Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 21.21 | |||
| Value At Risk | (3.17) | |||
| Potential Upside | 3.19 |
SPAR Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SPAR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SPAR's standard deviation. In reality, there are many statistical measures that can use SPAR historical prices to predict the future SPAR's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.38) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | (1.05) |
SPAR Group Backtested Returns
SPAR Group retains Efficiency (Sharpe Ratio) of -0.12, which indicates the firm had a -0.12 % return per unit of risk over the last 3 months. SPAR exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SPAR's standard deviation of 3.12, and Risk Adjusted Performance of (0.09) to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 0.36, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, SPAR's returns are expected to increase less than the market. However, during the bear market, the loss of holding SPAR is expected to be smaller as well. At this point, SPAR Group has a negative expected return of -0.39%. Please make sure to validate SPAR's treynor ratio, as well as the relationship between the kurtosis and day typical price , to decide if SPAR Group performance from the past will be repeated at future time.
Auto-correlation | -0.44 |
Modest reverse predictability
SPAR Group has modest reverse predictability. Overlapping area represents the amount of predictability between SPAR time series from 21st of December 2024 to 5th of January 2025 and 5th of January 2025 to 20th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of SPAR Group price movement. The serial correlation of -0.44 indicates that just about 44.0% of current SPAR price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
SPAR Group lagged returns against current returns
Autocorrelation, which is SPAR 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 SPAR's stock expected returns. We can calculate the autocorrelation of SPAR returns to help us make a trade decision. For example, suppose you find that SPAR 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 |
SPAR 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 SPAR stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SPAR stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SPAR stock over time.
Current vs Lagged Prices |
| Timeline |
SPAR Lagged Returns
When evaluating SPAR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SPAR stock have on its future price. SPAR 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, SPAR autocorrelation shows the relationship between SPAR stock current value and its past values and can show if there is a momentum factor associated with investing in SPAR Group.
Regressed Prices |
| Timeline |
Pair Trading with SPAR
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 SPAR 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 SPAR will appreciate offsetting losses from the drop in the long position's value.Moving against SPAR Stock
| 0.9 | OB | Outbrain | PairCorr |
| 0.74 | TH | Target Hospitality Corp | PairCorr |
| 0.65 | SE | Sea | PairCorr |
| 0.54 | Z | Zillow Group Class | PairCorr |
| 0.45 | EB | Eventbrite Class A | PairCorr |
The ability to find closely correlated positions to SPAR could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SPAR 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 SPAR - 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 SPAR Group to buy it.
The correlation of SPAR 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 SPAR moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SPAR Group 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 SPAR 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 SPAR Stock Analysis
When running SPAR's price analysis, check to measure SPAR'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 SPAR is operating at the current time. Most of SPAR's value examination focuses on studying past and present price action to predict the probability of SPAR's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SPAR's price. Additionally, you may evaluate how the addition of SPAR to your portfolios can decrease your overall portfolio volatility.