Simulations Plus Stock Market Value
| SLP Stock | USD 32.74 1.42 4.53% |
| Symbol | Simulations |
Simulations Plus Price To Book Ratio
Is Health Care Technology 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 Simulations Plus. If investors know Simulations 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 Simulations Plus 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 0.48 | Dividend Share 0.24 | Earnings Share 0.49 | Revenue Per Share 3.503 | Quarterly Revenue Growth 0.194 |
The market value of Simulations Plus is measured differently than its book value, which is the value of Simulations that is recorded on the company's balance sheet. Investors also form their own opinion of Simulations Plus' value that differs from its market value or its book value, called intrinsic value, which is Simulations Plus' 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 Simulations Plus' market value can be influenced by many factors that don't directly affect Simulations Plus' 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 Simulations Plus' value and its price as these two are different measures arrived at by different means. Investors typically determine if Simulations Plus is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Simulations Plus' 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.
Simulations Plus '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 Simulations Plus' 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 Simulations Plus.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Simulations Plus on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Simulations Plus or generate 0.0% return on investment in Simulations Plus over 510 days. Simulations Plus is related to or competes with Definitive Healthcare, National Research, Evolent Health, Privia Health, HealthStream, Forian, and HealthEquity. Simulations Plus, Inc. develops drug discovery and development software for modeling and simulation, and prediction of m... More
Simulations Plus 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 Simulations Plus' 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 Simulations Plus upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 14.42 | |||
| Value At Risk | (4.36) | |||
| Potential Upside | 4.53 |
Simulations Plus Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Simulations Plus' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Simulations Plus' standard deviation. In reality, there are many statistical measures that can use Simulations Plus historical prices to predict the future Simulations Plus' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.45) | |||
| Total Risk Alpha | (0.60) | |||
| Treynor Ratio | (0.06) |
Simulations Plus Backtested Returns
Simulations Plus owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0375, which indicates the firm had a -0.0375% return per unit of risk over the last 3 months. Simulations Plus exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Simulations Plus' Variance of 8.37, risk adjusted performance of (0.03), and Coefficient Of Variation of (2,110) to confirm the risk estimate we provide. The entity has a beta of 2.54, 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, Simulations Plus will likely underperform. At this point, Simulations Plus has a negative expected return of -0.11%. Please make sure to validate Simulations Plus' total risk alpha, skewness, as well as the relationship between the Skewness and day median price , to decide if Simulations Plus performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.31 |
Below average predictability
Simulations Plus has below average predictability. Overlapping area represents the amount of predictability between Simulations Plus 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 Simulations Plus price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Simulations Plus price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 49.41 |
Simulations Plus lagged returns against current returns
Autocorrelation, which is Simulations Plus 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 Simulations Plus' stock expected returns. We can calculate the autocorrelation of Simulations Plus returns to help us make a trade decision. For example, suppose you find that Simulations Plus 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 |
Simulations Plus 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 Simulations Plus stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Simulations Plus stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Simulations Plus stock over time.
Current vs Lagged Prices |
| Timeline |
Simulations Plus Lagged Returns
When evaluating Simulations Plus' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Simulations Plus stock have on its future price. Simulations Plus 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, Simulations Plus autocorrelation shows the relationship between Simulations Plus stock current value and its past values and can show if there is a momentum factor associated with investing in Simulations Plus.
Regressed Prices |
| Timeline |
Pair Trading with Simulations Plus
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 Simulations Plus 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 Simulations Plus will appreciate offsetting losses from the drop in the long position's value.Moving together with Simulations Stock
Moving against Simulations Stock
| 0.64 | ELMD | Electromed | PairCorr |
| 0.55 | ECOR | Electrocore LLC | PairCorr |
| 0.5 | MD | Mednax Inc | PairCorr |
| 0.5 | DOCS | Doximity | PairCorr |
The ability to find closely correlated positions to Simulations Plus could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Simulations Plus 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 Simulations Plus - 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 Simulations Plus to buy it.
The correlation of Simulations Plus 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 Simulations Plus moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Simulations Plus 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 Simulations Plus 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 Simulations Stock Analysis
When running Simulations Plus' price analysis, check to measure Simulations Plus' 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 Simulations Plus is operating at the current time. Most of Simulations Plus' value examination focuses on studying past and present price action to predict the probability of Simulations Plus' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Simulations Plus' price. Additionally, you may evaluate how the addition of Simulations Plus to your portfolios can decrease your overall portfolio volatility.