Sharps Technology Stock Market Value
| STSS Stock | USD 3.53 0.30 9.29% |
| Symbol | Sharps |
Sharps Technology 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 Sharps Technology. If investors know Sharps 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 Sharps Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (8.24) | Return On Assets (0.52) | Return On Equity (1.03) |
The market value of Sharps Technology is measured differently than its book value, which is the value of Sharps that is recorded on the company's balance sheet. Investors also form their own opinion of Sharps Technology's value that differs from its market value or its book value, called intrinsic value, which is Sharps Technology'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 Sharps Technology's market value can be influenced by many factors that don't directly affect Sharps Technology'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 Sharps Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sharps Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sharps Technology'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.
Sharps Technology '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 Sharps Technology'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 Sharps Technology.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Sharps Technology on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Sharps Technology or generate 0.0% return on investment in Sharps Technology over 720 days. Sharps Technology is related to or competes with JIN MEDICAL, Meihua International, GlucoTrack, Innovative Eyewear, Nexgel, Avinger, and Microbot Medical. Sharps Technology Inc., a medical device company, researches, designs, develops, manufactures, distributes, and sells sa... More
Sharps Technology 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 Sharps Technology'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 Sharps Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 34.02 | |||
| Value At Risk | (10.13) | |||
| Potential Upside | 9.29 |
Sharps Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sharps Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sharps Technology's standard deviation. In reality, there are many statistical measures that can use Sharps Technology historical prices to predict the future Sharps Technology's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.47) | |||
| Total Risk Alpha | (1.34) | |||
| Treynor Ratio | (0.81) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sharps Technology's 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.
Sharps Technology Backtested Returns
Sharps Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0698, which indicates the firm had a -0.0698% return per unit of risk over the last 3 months. Sharps Technology exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sharps Technology's Variance of 49.12, coefficient of variation of (1,701), and Risk Adjusted Performance of (0.04) to confirm the risk estimate we provide. The entity has a beta of 0.52, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sharps Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sharps Technology is expected to be smaller as well. At this point, Sharps Technology has a negative expected return of -0.49%. Please make sure to validate Sharps Technology's maximum drawdown, as well as the relationship between the daily balance of power and period momentum indicator , to decide if Sharps Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.75 |
Good predictability
Sharps Technology has good predictability. Overlapping area represents the amount of predictability between Sharps Technology time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 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 Sharps Technology price movement. The serial correlation of 0.75 indicates that around 75.0% of current Sharps Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 4.4 |
Sharps Technology lagged returns against current returns
Autocorrelation, which is Sharps Technology 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 Sharps Technology's stock expected returns. We can calculate the autocorrelation of Sharps Technology returns to help us make a trade decision. For example, suppose you find that Sharps Technology 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 |
Sharps Technology 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 Sharps Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sharps Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sharps Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Sharps Technology Lagged Returns
When evaluating Sharps Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sharps Technology stock have on its future price. Sharps Technology 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, Sharps Technology autocorrelation shows the relationship between Sharps Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Sharps Technology.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Sharps Stock Analysis
When running Sharps Technology's price analysis, check to measure Sharps Technology'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 Sharps Technology is operating at the current time. Most of Sharps Technology's value examination focuses on studying past and present price action to predict the probability of Sharps Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sharps Technology's price. Additionally, you may evaluate how the addition of Sharps Technology to your portfolios can decrease your overall portfolio volatility.