Sharing Services Global Stock Market Value
| SHRG Stock | USD 0.35 0.04 10.26% |
| Symbol | Sharing |
Sharing Services '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 Sharing Services' 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 Sharing Services.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Sharing Services on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Sharing Services Global or generate 0.0% return on investment in Sharing Services over 30 days. Sharing Services is related to or competes with Seneca Foods, Bridgford Foods, J J, Central Garden, Central Garden, Seneca Foods, and Aryzta AG. Sharing Services Global Corporation operates in the direct selling industry primarily in the United States, Canada, and ... More
Sharing Services 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 Sharing Services' 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 Sharing Services Global upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 115.33 | |||
| Value At Risk | (30.43) | |||
| Potential Upside | 25.0 |
Sharing Services Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sharing Services' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sharing Services' standard deviation. In reality, there are many statistical measures that can use Sharing Services historical prices to predict the future Sharing Services' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.41) | |||
| Total Risk Alpha | (3.50) | |||
| Treynor Ratio | 0.2973 |
Sharing Services Global Backtested Returns
Sharing Services Global owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0412, which indicates the firm had a -0.0412% return per unit of risk over the last 3 months. Sharing Services Global exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sharing Services' Variance of 332.21, risk adjusted performance of (0.02), and Coefficient Of Variation of (2,744) to confirm the risk estimate we provide. The entity has a beta of -2.27, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Sharing Services are expected to decrease by larger amounts. On the other hand, during market turmoil, Sharing Services is expected to outperform it. At this point, Sharing Services Global has a negative expected return of -0.73%. Please make sure to validate Sharing Services' jensen alpha, as well as the relationship between the kurtosis and price action indicator , to decide if Sharing Services Global performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.06 |
Very weak reverse predictability
Sharing Services Global has very weak reverse predictability. Overlapping area represents the amount of predictability between Sharing Services time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Sharing Services Global price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Sharing Services price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sharing Services Global lagged returns against current returns
Autocorrelation, which is Sharing Services 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 Sharing Services' pink sheet expected returns. We can calculate the autocorrelation of Sharing Services returns to help us make a trade decision. For example, suppose you find that Sharing Services 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 |
Sharing Services 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 Sharing Services pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sharing Services pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sharing Services pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Sharing Services Lagged Returns
When evaluating Sharing Services' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sharing Services pink sheet have on its future price. Sharing Services 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, Sharing Services autocorrelation shows the relationship between Sharing Services pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Sharing Services Global.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Sharing Pink Sheet
Sharing Services financial ratios help investors to determine whether Sharing Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Sharing with respect to the benefits of owning Sharing Services security.