Strata Skin Sciences Stock Market Value
| SSKN Stock | USD 3.10 0.01 0.32% |
| Symbol | STRATA |
STRATA Skin Sciences Price To Book Ratio
Is Health Care Equipment & Supplies 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 STRATA Skin. If investors know STRATA 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 STRATA Skin listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.60) | Revenue Per Share 9.347 | Quarterly Revenue Growth 0.022 | Return On Assets (0.07) | Return On Equity (0.63) |
The market value of STRATA Skin Sciences is measured differently than its book value, which is the value of STRATA that is recorded on the company's balance sheet. Investors also form their own opinion of STRATA Skin's value that differs from its market value or its book value, called intrinsic value, which is STRATA Skin'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 STRATA Skin's market value can be influenced by many factors that don't directly affect STRATA Skin'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 STRATA Skin's value and its price as these two are different measures arrived at by different means. Investors typically determine if STRATA Skin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, STRATA Skin'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.
STRATA Skin '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 STRATA Skin'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 STRATA Skin.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in STRATA Skin on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding STRATA Skin Sciences or generate 0.0% return on investment in STRATA Skin over 30 days. STRATA Skin is related to or competes with Axogen, Ainos, LENSAR, Nexalin Technology, Electromed, SurModics, and Neuropace. STRATA Skin Sciences, Inc., a medical technology company, develops, commercializes, and markets products for the treatme... More
STRATA Skin 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 STRATA Skin'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 STRATA Skin Sciences upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.04 | |||
| Information Ratio | 0.0385 | |||
| Maximum Drawdown | 20.44 | |||
| Value At Risk | (7.20) | |||
| Potential Upside | 8.83 |
STRATA Skin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for STRATA Skin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as STRATA Skin's standard deviation. In reality, there are many statistical measures that can use STRATA Skin historical prices to predict the future STRATA Skin's volatility.| Risk Adjusted Performance | 0.0542 | |||
| Jensen Alpha | 0.1828 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | 0.0404 | |||
| Treynor Ratio | 0.3227 |
STRATA Skin Sciences Backtested Returns
As of now, STRATA Stock is risky. STRATA Skin Sciences owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0315, which indicates the firm had a 0.0315% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for STRATA Skin Sciences, which you can use to evaluate the volatility of the company. Please validate STRATA Skin's coefficient of variation of 1638.25, and Risk Adjusted Performance of 0.0542 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. STRATA Skin has a performance score of 2 on a scale of 0 to 100. The entity has a beta of 0.77, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, STRATA Skin's returns are expected to increase less than the market. However, during the bear market, the loss of holding STRATA Skin is expected to be smaller as well. STRATA Skin Sciences presently has a risk of 4.12%. Please validate STRATA Skin potential upside, as well as the relationship between the kurtosis and day typical price , to decide if STRATA Skin will be following its existing price patterns.
Auto-correlation | 0.54 |
Modest predictability
STRATA Skin Sciences has modest predictability. Overlapping area represents the amount of predictability between STRATA Skin time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 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 STRATA Skin Sciences price movement. The serial correlation of 0.54 indicates that about 54.0% of current STRATA Skin price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
STRATA Skin Sciences lagged returns against current returns
Autocorrelation, which is STRATA Skin 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 STRATA Skin's stock expected returns. We can calculate the autocorrelation of STRATA Skin returns to help us make a trade decision. For example, suppose you find that STRATA Skin 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 |
STRATA Skin 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 STRATA Skin stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if STRATA Skin stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in STRATA Skin stock over time.
Current vs Lagged Prices |
| Timeline |
STRATA Skin Lagged Returns
When evaluating STRATA Skin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of STRATA Skin stock have on its future price. STRATA Skin 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, STRATA Skin autocorrelation shows the relationship between STRATA Skin stock current value and its past values and can show if there is a momentum factor associated with investing in STRATA Skin Sciences.
Regressed Prices |
| Timeline |
Pair Trading with STRATA Skin
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 STRATA Skin 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 STRATA Skin will appreciate offsetting losses from the drop in the long position's value.Moving against STRATA Stock
| 0.6 | CVS | CVS Health Corp Aggressive Push | PairCorr |
The ability to find closely correlated positions to STRATA Skin could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace STRATA Skin 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 STRATA Skin - 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 STRATA Skin Sciences to buy it.
The correlation of STRATA Skin 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 STRATA Skin moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if STRATA Skin Sciences 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 STRATA Skin 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.Check out STRATA Skin Correlation, STRATA Skin Volatility and STRATA Skin Alpha and Beta module to complement your research on STRATA Skin. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
STRATA Skin 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.