Smoore International Holdings Stock Market Value
| SMORF Stock | USD 1.22 0.00 0.00% |
| Symbol | Smoore |
Smoore International '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 Smoore International'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 Smoore International.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Smoore International on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Smoore International Holdings or generate 0.0% return on investment in Smoore International over 720 days. Smoore International is related to or competes with Imperial Brands, RLX Technology, British Amer, Turning Point, Universal, 22nd Century, and Philip Morris. Smoore International Holdings Limited, an investment holding company, engages in the provision of vaping technology solu... More
Smoore International 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 Smoore International'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 Smoore International Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 4.27 |
Smoore International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Smoore International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Smoore International's standard deviation. In reality, there are many statistical measures that can use Smoore International historical prices to predict the future Smoore International's volatility.| Risk Adjusted Performance | 0.0895 | |||
| Jensen Alpha | 0.0552 | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | (13.69) |
Smoore International Backtested Returns
At this point, Smoore International is slightly risky. Smoore International owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. We have found sixteen technical indicators for Smoore International Holdings, which you can use to evaluate the volatility of the company. Please validate Smoore International's Coefficient Of Variation of 812.4, risk adjusted performance of 0.0895, and Variance of 0.2767 to confirm if the risk estimate we provide is consistent with the expected return of 0.0678%. Smoore International has a performance score of 9 on a scale of 0 to 100. The entity has a beta of -0.004, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Smoore International are expected to decrease at a much lower rate. During the bear market, Smoore International is likely to outperform the market. Smoore International right now has a risk of 0.54%. Please validate Smoore International treynor ratio and day median price , to decide if Smoore International will be following its existing price patterns.
Auto-correlation | -0.93 |
Near perfect reversele predictability
Smoore International Holdings has near perfect reversele predictability. Overlapping area represents the amount of predictability between Smoore International time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 Smoore International price movement. The serial correlation of -0.93 indicates that approximately 93.0% of current Smoore International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.93 | |
| Spearman Rank Test | -0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Smoore International lagged returns against current returns
Autocorrelation, which is Smoore International 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 Smoore International's pink sheet expected returns. We can calculate the autocorrelation of Smoore International returns to help us make a trade decision. For example, suppose you find that Smoore International 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 |
Smoore International 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 Smoore International pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Smoore International pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Smoore International pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Smoore International Lagged Returns
When evaluating Smoore International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Smoore International pink sheet have on its future price. Smoore International 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, Smoore International autocorrelation shows the relationship between Smoore International pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Smoore International Holdings.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Smoore Pink Sheet
Smoore International financial ratios help investors to determine whether Smoore 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 Smoore with respect to the benefits of owning Smoore International security.