Spirent Communications Plc Stock Market Value
| SPNUF Stock | USD 2.24 0.00 0.00% |
| Symbol | Spirent |
Spirent Communications '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 Spirent Communications' 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 Spirent Communications.
| 12/08/2024 |
| 01/07/2025 |
If you would invest 0.00 in Spirent Communications on December 8, 2024 and sell it all today you would earn a total of 0.00 from holding Spirent Communications plc or generate 0.0% return on investment in Spirent Communications over 30 days. Spirent Communications is related to or competes with Microsoft, Palo Alto, Uipath, Block, and Adobe Systems. Spirent Communications plc provides automated test and assurance solutions for networks, cybersecurity, and positioning ... More
Spirent Communications 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 Spirent Communications' 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 Spirent Communications plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0037 | |||
| Maximum Drawdown | 30.27 | |||
| Potential Upside | 1.81 |
Spirent Communications Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Spirent Communications' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Spirent Communications' standard deviation. In reality, there are many statistical measures that can use Spirent Communications historical prices to predict the future Spirent Communications' volatility.| Risk Adjusted Performance | 0.0166 | |||
| Jensen Alpha | 0.0081 | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | 0.019 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Spirent Communications' 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.
Spirent Communications Backtested Returns
At this point, Spirent Communications is risky. Spirent Communications owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0219, which indicates the firm had a 0.0219% return per unit of risk over the last 3 months. We have found seventeen technical indicators for Spirent Communications plc, which you can use to evaluate the volatility of the company. Please validate Spirent Communications' Coefficient Of Variation of 8623.34, risk adjusted performance of 0.0166, and Variance of 8.1 to confirm if the risk estimate we provide is consistent with the expected return of 0.0642%. Spirent Communications has a performance score of 1 on a scale of 0 to 100. The entity has a beta of 1.21, 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, Spirent Communications will likely underperform. Spirent Communications right now has a risk of 2.93%. Please validate Spirent Communications variance and skewness , to decide if Spirent Communications will be following its existing price patterns.
Auto-correlation | 0.00 |
No correlation between past and present
Spirent Communications plc has no correlation between past and present. Overlapping area represents the amount of predictability between Spirent Communications time series from 8th of December 2024 to 23rd of December 2024 and 23rd of December 2024 to 7th 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 Spirent Communications price movement. The serial correlation of 0.0 indicates that just 0.0% of current Spirent Communications price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Spirent Communications lagged returns against current returns
Autocorrelation, which is Spirent Communications 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 Spirent Communications' pink sheet expected returns. We can calculate the autocorrelation of Spirent Communications returns to help us make a trade decision. For example, suppose you find that Spirent Communications 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 |
Spirent Communications 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 Spirent Communications pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Spirent Communications pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Spirent Communications pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Spirent Communications Lagged Returns
When evaluating Spirent Communications' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Spirent Communications pink sheet have on its future price. Spirent Communications 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, Spirent Communications autocorrelation shows the relationship between Spirent Communications pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Spirent Communications plc.
Regressed Prices |
| Timeline |
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Other Information on Investing in Spirent Pink Sheet
Spirent Communications financial ratios help investors to determine whether Spirent 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 Spirent with respect to the benefits of owning Spirent Communications security.