Sharp Corp Adr Stock Market Value
| SHCAY Stock | USD 1.51 0.08 5.59% |
| Symbol | Sharp |
Sharp Corp '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 Sharp Corp's pink sheet 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 Sharp Corp.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Sharp Corp on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Sharp Corp ADR or generate 0.0% return on investment in Sharp Corp over 30 days. Sharp Corp is related to or competes with FitLife Brands,, HUMANA, SCOR PK, Barloworld, Morningstar Unconstrained, High-yield Municipal, and Thrivent High. Sharp Corporation manufactures and sells telecommunication equipment, electric and electronic application equipment, and... More
Sharp Corp 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 Sharp Corp's pink sheet 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 Sharp Corp ADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.55 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 24.59 | |||
| Value At Risk | (9.49) | |||
| Potential Upside | 8.82 |
Sharp Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sharp Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sharp Corp's standard deviation. In reality, there are many statistical measures that can use Sharp Corp historical prices to predict the future Sharp Corp's volatility.| Risk Adjusted Performance | 0.0101 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.82) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0099 |
Sharp Corp ADR Backtested Returns
Sharp Corp ADR owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0034, which indicates the firm had a -0.0034% return per unit of risk over the last 3 months. Sharp Corp ADR exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sharp Corp's Semi Deviation of 4.85, coefficient of variation of 50094.39, and Risk Adjusted Performance of 0.0101 to confirm the risk estimate we provide. The entity has a beta of 0.0445, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sharp Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sharp Corp is expected to be smaller as well. At this point, Sharp Corp ADR has a negative expected return of -0.0182%. Please make sure to validate Sharp Corp's value at risk, and the relationship between the jensen alpha and skewness , to decide if Sharp Corp ADR performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Sharp Corp ADR has insignificant reverse predictability. Overlapping area represents the amount of predictability between Sharp Corp time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Sharp Corp ADR price movement. The serial correlation of -0.19 indicates that over 19.0% of current Sharp Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sharp Corp ADR lagged returns against current returns
Autocorrelation, which is Sharp Corp pink sheet'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 Sharp Corp's pink sheet expected returns. We can calculate the autocorrelation of Sharp Corp returns to help us make a trade decision. For example, suppose you find that Sharp Corp has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Sharp Corp 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 Sharp Corp pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sharp Corp pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sharp Corp pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Sharp Corp Lagged Returns
When evaluating Sharp Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sharp Corp pink sheet have on its future price. Sharp Corp 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, Sharp Corp autocorrelation shows the relationship between Sharp Corp pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Sharp Corp ADR.
Regressed Prices |
| Timeline |
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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.Additional Tools for Sharp Pink Sheet Analysis
When running Sharp Corp's price analysis, check to measure Sharp Corp'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 Sharp Corp is operating at the current time. Most of Sharp Corp's value examination focuses on studying past and present price action to predict the probability of Sharp Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sharp Corp's price. Additionally, you may evaluate how the addition of Sharp Corp to your portfolios can decrease your overall portfolio volatility.