Shyft Group Stock Market Value
| SHYF Stock | USD 11.95 0.07 0.58% |
| Symbol | Shyft |
Shyft Group Price To Book Ratio
Is Industrial Machinery & Supplies & Components 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 Shyft. If investors know Shyft 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 Shyft 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 (0.31) | Dividend Share 0.2 | Earnings Share (0.10) | Revenue Per Share | Quarterly Revenue Growth (0.04) |
The market value of Shyft Group is measured differently than its book value, which is the value of Shyft that is recorded on the company's balance sheet. Investors also form their own opinion of Shyft's value that differs from its market value or its book value, called intrinsic value, which is Shyft'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 Shyft's market value can be influenced by many factors that don't directly affect Shyft'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 Shyft's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shyft is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shyft'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.
Shyft '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 Shyft'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 Shyft.
| 01/01/2025 |
| 01/31/2025 |
If you would invest 0.00 in Shyft on January 1, 2025 and sell it all today you would earn a total of 0.00 from holding Shyft Group or generate 0.0% return on investment in Shyft over 30 days. Shyft is related to or competes with Astec Industries, Hyster Yale, Rev, Lindsay, Columbus McKinnon, AGCO, and Titan International. The Shyft Group, Inc. manufactures and assembles specialty vehicles for the commercial vehicle and recreational vehicle ... More
Shyft 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 Shyft'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 Shyft Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.32 | |||
| Information Ratio | 0.0013 | |||
| Maximum Drawdown | 20.78 | |||
| Value At Risk | (5.28) | |||
| Potential Upside | 5.85 |
Shyft Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shyft's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shyft's standard deviation. In reality, there are many statistical measures that can use Shyft historical prices to predict the future Shyft's volatility.| Risk Adjusted Performance | 0.0303 | |||
| Jensen Alpha | 0.1532 | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | 0.0015 | |||
| Treynor Ratio | (0.15) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Shyft's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Shyft Group Backtested Returns
Shyft Group owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0216, which indicates the firm had a -0.0216 % return per unit of risk over the last 3 months. Shyft Group exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shyft's Risk Adjusted Performance of 0.0303, semi deviation of 3.2, and Coefficient Of Variation of 3720.92 to confirm the risk estimate we provide. The entity has a beta of -0.65, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Shyft are expected to decrease at a much lower rate. During the bear market, Shyft is likely to outperform the market. At this point, Shyft Group has a negative expected return of -0.0863%. Please make sure to validate Shyft's expected short fall, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Shyft Group performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Shyft Group has insignificant reverse predictability. Overlapping area represents the amount of predictability between Shyft time series from 1st of January 2025 to 16th of January 2025 and 16th of January 2025 to 31st 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 Shyft Group price movement. The serial correlation of -0.19 indicates that over 19.0% of current Shyft price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Shyft Group lagged returns against current returns
Autocorrelation, which is Shyft 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 Shyft's stock expected returns. We can calculate the autocorrelation of Shyft returns to help us make a trade decision. For example, suppose you find that Shyft 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 |
Shyft 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 Shyft stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shyft stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shyft stock over time.
Current vs Lagged Prices |
| Timeline |
Shyft Lagged Returns
When evaluating Shyft's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shyft stock have on its future price. Shyft 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, Shyft autocorrelation shows the relationship between Shyft stock current value and its past values and can show if there is a momentum factor associated with investing in Shyft Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Shyft Group is a strong investment it is important to analyze Shyft'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 Shyft's future performance. For an informed investment choice regarding Shyft Stock, refer to the following important reports:Check out Shyft Correlation, Shyft Volatility and Shyft Alpha and Beta module to complement your research on Shyft. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Shyft 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.