Shore Bancshares Stock Market Value
| SHBI Stock | USD 16.63 0.08 0.48% |
| Symbol | Shore |
Shore Bancshares Price To Book Ratio
Is Regional Banks 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 Shore Bancshares. If investors know Shore 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 Shore Bancshares 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 0.69 | Dividend Share 0.48 | Earnings Share 1.31 | Revenue Per Share 5.807 | Quarterly Revenue Growth 1.078 |
The market value of Shore Bancshares is measured differently than its book value, which is the value of Shore that is recorded on the company's balance sheet. Investors also form their own opinion of Shore Bancshares' value that differs from its market value or its book value, called intrinsic value, which is Shore Bancshares' 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 Shore Bancshares' market value can be influenced by many factors that don't directly affect Shore Bancshares' 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 Shore Bancshares' value and its price as these two are different measures arrived at by different means. Investors typically determine if Shore Bancshares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shore Bancshares' 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.
Shore Bancshares '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 Shore Bancshares' 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 Shore Bancshares.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Shore Bancshares on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Shore Bancshares or generate 0.0% return on investment in Shore Bancshares over 510 days. Shore Bancshares is related to or competes with Home Federal, IF Bancorp, Western New, Colony Bankcorp, Investar Holding, Virginia National, and Magyar Bancorp. Shore Bancshares, Inc. operates as a bank holding company for the Shore United Bank that provides various commercial and... More
Shore Bancshares 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 Shore Bancshares' 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 Shore Bancshares upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.31 | |||
| Information Ratio | 0.0741 | |||
| Maximum Drawdown | 15.67 | |||
| Value At Risk | (2.80) | |||
| Potential Upside | 2.81 |
Shore Bancshares Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shore Bancshares' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shore Bancshares' standard deviation. In reality, there are many statistical measures that can use Shore Bancshares historical prices to predict the future Shore Bancshares' volatility.| Risk Adjusted Performance | 0.1111 | |||
| Jensen Alpha | 0.0536 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.1152 | |||
| Treynor Ratio | 0.1481 |
Shore Bancshares Backtested Returns
Shore Bancshares appears to be not too volatile, given 3 months investment horizon. Shore Bancshares owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the firm had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Shore Bancshares, which you can use to evaluate the volatility of the company. Please review Shore Bancshares' Semi Deviation of 1.04, coefficient of variation of 729.0, and Risk Adjusted Performance of 0.1111 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shore Bancshares holds a performance score of 10. The entity has a beta of 1.82, 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, Shore Bancshares will likely underperform. Please check Shore Bancshares' semi variance, and the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether Shore Bancshares' existing price patterns will revert.
Auto-correlation | 0.39 |
Below average predictability
Shore Bancshares has below average predictability. Overlapping area represents the amount of predictability between Shore Bancshares time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 Shore Bancshares price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Shore Bancshares price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 3.56 |
Shore Bancshares lagged returns against current returns
Autocorrelation, which is Shore Bancshares 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 Shore Bancshares' stock expected returns. We can calculate the autocorrelation of Shore Bancshares returns to help us make a trade decision. For example, suppose you find that Shore Bancshares 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 |
Shore Bancshares 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 Shore Bancshares stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shore Bancshares stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shore Bancshares stock over time.
Current vs Lagged Prices |
| Timeline |
Shore Bancshares Lagged Returns
When evaluating Shore Bancshares' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shore Bancshares stock have on its future price. Shore Bancshares 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, Shore Bancshares autocorrelation shows the relationship between Shore Bancshares stock current value and its past values and can show if there is a momentum factor associated with investing in Shore Bancshares.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Shore Bancshares offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Shore Bancshares' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Shore Bancshares Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Shore Bancshares Stock:Check out Shore Bancshares Correlation, Shore Bancshares Volatility and Shore Bancshares Alpha and Beta module to complement your research on Shore Bancshares. For more detail on how to invest in Shore Stock please use our How to Invest in Shore Bancshares guide.You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Shore Bancshares 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.