Surf Air Mobility Stock Market Value
| SRFM Stock | 2.76 0.25 9.96% |
| Symbol | Surf |
Surf Air Mobility Price To Book Ratio
Is Passenger Airlines 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 Surf Air. If investors know Surf 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 Surf Air listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (15.64) | Revenue Per Share 10.839 | Quarterly Revenue Growth 4.225 | Return On Assets (1.78) |
The market value of Surf Air Mobility is measured differently than its book value, which is the value of Surf that is recorded on the company's balance sheet. Investors also form their own opinion of Surf Air's value that differs from its market value or its book value, called intrinsic value, which is Surf Air'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 Surf Air's market value can be influenced by many factors that don't directly affect Surf Air'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 Surf Air's value and its price as these two are different measures arrived at by different means. Investors typically determine if Surf Air is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Surf Air'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.
Surf Air '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 Surf Air'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 Surf Air.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in Surf Air on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Surf Air Mobility or generate 0.0% return on investment in Surf Air over 360 days. Surf Air is related to or competes with Anheuser Busch, Esperion Therapeutics, Celsius Holdings, 908 Devices, Viemed Healthcare, Fomento Economico, and Tandem Diabetes. Surf Air is entity of United States. It is traded as Stock on NYSE exchange. More
Surf Air 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 Surf Air'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 Surf Air Mobility upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 10.2 | |||
| Information Ratio | 0.1183 | |||
| Maximum Drawdown | 77.65 | |||
| Value At Risk | (9.79) | |||
| Potential Upside | 22.44 |
Surf Air Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Surf Air's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Surf Air's standard deviation. In reality, there are many statistical measures that can use Surf Air historical prices to predict the future Surf Air's volatility.| Risk Adjusted Performance | 0.1064 | |||
| Jensen Alpha | 1.37 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.1441 | |||
| Treynor Ratio | 0.8004 |
Surf Air Mobility Backtested Returns
Surf Air is abnormally volatile given 3 months investment horizon. Surf Air Mobility 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 were able to analyze and collect data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.65% are justified by taking the suggested risk. Use Surf Air Mobility Risk Adjusted Performance of 0.1064, semi deviation of 9.53, and Coefficient Of Variation of 786.45 to evaluate company specific risk that cannot be diversified away. Surf Air holds a performance score of 10 on a scale of zero to a hundred. The entity has a beta of 1.96, 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, Surf Air will likely underperform. Use Surf Air Mobility potential upside, as well as the relationship between the kurtosis and day typical price , to analyze future returns on Surf Air Mobility.
Auto-correlation | 0.01 |
Virtually no predictability
Surf Air Mobility has virtually no predictability. Overlapping area represents the amount of predictability between Surf Air time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 to 22nd 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 Surf Air Mobility price movement. The serial correlation of 0.01 indicates that just 1.0% of current Surf Air price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
Surf Air Mobility lagged returns against current returns
Autocorrelation, which is Surf Air 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 Surf Air's stock expected returns. We can calculate the autocorrelation of Surf Air returns to help us make a trade decision. For example, suppose you find that Surf Air 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 |
Surf Air 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 Surf Air stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Surf Air stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Surf Air stock over time.
Current vs Lagged Prices |
| Timeline |
Surf Air Lagged Returns
When evaluating Surf Air's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Surf Air stock have on its future price. Surf Air 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, Surf Air autocorrelation shows the relationship between Surf Air stock current value and its past values and can show if there is a momentum factor associated with investing in Surf Air Mobility.
Regressed Prices |
| Timeline |
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Surf Air technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.