Spotlite360 Technologies Stock Market Value
| SPLTF Stock | USD 0.01 0.00 0.00% |
| Symbol | SpotLite360 |
SpotLite360 Technologies '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 SpotLite360 Technologies' 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 SpotLite360 Technologies.
| 02/07/2024 |
| 02/01/2025 |
If you would invest 0.00 in SpotLite360 Technologies on February 7, 2024 and sell it all today you would earn a total of 0.00 from holding SpotLite360 Technologies or generate 0.0% return on investment in SpotLite360 Technologies over 360 days. SpotLite360 Technologies is related to or competes with Teladoc, Veeva Systems, 10X Genomics, GE HealthCare, and Progyny. Spotlite360 Technologies, Inc. operates as a software as a service company in Canada and the United States More
SpotLite360 Technologies 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 SpotLite360 Technologies' 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 SpotLite360 Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.117 | |||
| Maximum Drawdown | 3327.33 | |||
| Value At Risk | (5.00) |
SpotLite360 Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SpotLite360 Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SpotLite360 Technologies' standard deviation. In reality, there are many statistical measures that can use SpotLite360 Technologies historical prices to predict the future SpotLite360 Technologies' volatility.| Risk Adjusted Performance | 0.1083 | |||
| Jensen Alpha | 48.81 | |||
| Total Risk Alpha | 14.07 | |||
| Treynor Ratio | (1.52) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SpotLite360 Technologies' 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.
SpotLite360 Technologies Backtested Returns
SpotLite360 Technologies owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.19, which indicates the firm had a -0.19 % return per unit of risk over the last 3 months. SpotLite360 Technologies exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SpotLite360 Technologies' Risk Adjusted Performance of 0.1083, coefficient of variation of 853.02, and Variance of 158786.69 to confirm the risk estimate we provide. The entity has a beta of -30.63, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning SpotLite360 Technologies are expected to decrease by larger amounts. On the other hand, during market turmoil, SpotLite360 Technologies is expected to outperform it. At this point, SpotLite360 Technologies has a negative expected return of -2.46%. Please make sure to validate SpotLite360 Technologies' jensen alpha and rate of daily change , to decide if SpotLite360 Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.52 |
Good reverse predictability
SpotLite360 Technologies has good reverse predictability. Overlapping area represents the amount of predictability between SpotLite360 Technologies time series from 7th of February 2024 to 5th of August 2024 and 5th of August 2024 to 1st of February 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 SpotLite360 Technologies price movement. The serial correlation of -0.52 indicates that about 52.0% of current SpotLite360 Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
SpotLite360 Technologies lagged returns against current returns
Autocorrelation, which is SpotLite360 Technologies 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 SpotLite360 Technologies' pink sheet expected returns. We can calculate the autocorrelation of SpotLite360 Technologies returns to help us make a trade decision. For example, suppose you find that SpotLite360 Technologies 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 |
SpotLite360 Technologies 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 SpotLite360 Technologies pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SpotLite360 Technologies pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SpotLite360 Technologies pink sheet over time.
Current vs Lagged Prices |
| Timeline |
SpotLite360 Technologies Lagged Returns
When evaluating SpotLite360 Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SpotLite360 Technologies pink sheet have on its future price. SpotLite360 Technologies 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, SpotLite360 Technologies autocorrelation shows the relationship between SpotLite360 Technologies pink sheet current value and its past values and can show if there is a momentum factor associated with investing in SpotLite360 Technologies.
Regressed Prices |
| Timeline |
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Other Information on Investing in SpotLite360 Pink Sheet
SpotLite360 Technologies financial ratios help investors to determine whether SpotLite360 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 SpotLite360 with respect to the benefits of owning SpotLite360 Technologies security.