Spire Global Stock Market Value
| SPIR Stock | USD 16.62 0.64 4.01% |
| Symbol | Spire |
Spire Global Price To Book Ratio
Is Environmental & Facilities Services 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 Spire Global. If investors know Spire 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 Spire Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.45) | Revenue Per Share 5.228 | Quarterly Revenue Growth 0.063 | Return On Assets (0.10) | Return On Equity (0.80) |
The market value of Spire Global is measured differently than its book value, which is the value of Spire that is recorded on the company's balance sheet. Investors also form their own opinion of Spire Global's value that differs from its market value or its book value, called intrinsic value, which is Spire Global'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 Spire Global's market value can be influenced by many factors that don't directly affect Spire Global'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 Spire Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Spire Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Spire Global'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.
Spire Global '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 Spire Global'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 Spire Global.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in Spire Global on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding Spire Global or generate 0.0% return on investment in Spire Global over 300 days. Spire Global is related to or competes with Genpact, Broadridge Financial, First Advantage, Franklin Covey, Kingsoft Cloud, Mistras, and NL Industries. Spire Global, Inc. develops a hardware and intelligent analytics platform that tracks the oceans, skies, and weather More
Spire Global 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 Spire Global'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 Spire Global upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.06 | |||
| Information Ratio | 0.2544 | |||
| Maximum Drawdown | 18.88 | |||
| Value At Risk | (4.74) | |||
| Potential Upside | 8.64 |
Spire Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Spire Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Spire Global's standard deviation. In reality, there are many statistical measures that can use Spire Global historical prices to predict the future Spire Global's volatility.| Risk Adjusted Performance | 0.2263 | |||
| Jensen Alpha | 0.9766 | |||
| Total Risk Alpha | 0.5297 | |||
| Sortino Ratio | 0.3447 | |||
| Treynor Ratio | 0.7089 |
Spire Global Backtested Returns
Spire Global is not too volatile given 3 months investment horizon. Spire Global owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.29, which indicates the firm had a 0.29% return per unit of risk over the last 3 months. We were able to collect and analyze data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.22% are justified by taking the suggested risk. Use Spire Global Coefficient Of Variation of 350.27, risk adjusted performance of 0.2263, and Semi Deviation of 2.24 to evaluate company specific risk that cannot be diversified away. Spire Global holds a performance score of 22 on a scale of zero to a hundred. The entity has a beta of 1.65, 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, Spire Global will likely underperform. Use Spire Global semi variance, and the relationship between the treynor ratio and daily balance of power , to analyze future returns on Spire Global.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Spire Global has insignificant reverse predictability. Overlapping area represents the amount of predictability between Spire Global time series from 31st of January 2024 to 29th of June 2024 and 29th of June 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 Spire Global price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Spire Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 5.04 |
Spire Global lagged returns against current returns
Autocorrelation, which is Spire Global 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 Spire Global's stock expected returns. We can calculate the autocorrelation of Spire Global returns to help us make a trade decision. For example, suppose you find that Spire Global 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 |
Spire Global 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 Spire Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Spire Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Spire Global stock over time.
Current vs Lagged Prices |
| Timeline |
Spire Global Lagged Returns
When evaluating Spire Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Spire Global stock have on its future price. Spire Global 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, Spire Global autocorrelation shows the relationship between Spire Global stock current value and its past values and can show if there is a momentum factor associated with investing in Spire Global.
Regressed Prices |
| Timeline |
Pair Trading with Spire Global
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 Spire Global 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 Spire Global will appreciate offsetting losses from the drop in the long position's value.Moving together with Spire Stock
Moving against Spire Stock
| 0.73 | VCIG | VCI Global Limited | PairCorr |
| 0.69 | MG | Mistras Group | PairCorr |
| 0.6 | FC | Franklin Covey | PairCorr |
| 0.51 | VLTO | Veralto | PairCorr |
| 0.5 | DLHC | DLH Holdings Corp Fiscal Year End 4th of December 2024 | PairCorr |
The ability to find closely correlated positions to Spire Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Spire Global 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 Spire Global - 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 Spire Global to buy it.
The correlation of Spire Global 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 Spire Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Spire Global 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 Spire Global 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 Spire Stock Analysis
When running Spire Global's price analysis, check to measure Spire Global'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 Spire Global is operating at the current time. Most of Spire Global's value examination focuses on studying past and present price action to predict the probability of Spire Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spire Global's price. Additionally, you may evaluate how the addition of Spire Global to your portfolios can decrease your overall portfolio volatility.