Scworx Corp Stock Market Value
| WORX Stock | USD 2.10 0.02 0.94% |
| Symbol | Scworx |
Scworx Corp Price To Book Ratio
Is Health Care Technology 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 Scworx Corp. If investors know Scworx 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 Scworx Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.10) | Revenue Per Share 2.762 | Quarterly Revenue Growth (0.25) | Return On Assets (0.11) | Return On Equity (0.77) |
The market value of Scworx Corp is measured differently than its book value, which is the value of Scworx that is recorded on the company's balance sheet. Investors also form their own opinion of Scworx Corp's value that differs from its market value or its book value, called intrinsic value, which is Scworx Corp'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 Scworx Corp's market value can be influenced by many factors that don't directly affect Scworx Corp'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 Scworx Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Scworx Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Scworx Corp'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.
Scworx Corp '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 Scworx Corp'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 Scworx Corp.
| 08/01/2023 |
| 11/23/2024 |
If you would invest 0.00 in Scworx Corp on August 1, 2023 and sell it all today you would earn a total of 0.00 from holding Scworx Corp or generate 0.0% return on investment in Scworx Corp over 480 days. Scworx Corp is related to or competes with National Research, EUDA Health, Mitesco, EGF Theramed, FOXO Technologies, Heartbeam, and Nutex Health. SCWorx Corp. develops and markets health care information technology solutions and related services to improve healthcar... More
Scworx Corp 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 Scworx Corp'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 Scworx Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.3 | |||
| Information Ratio | 0.1069 | |||
| Maximum Drawdown | 37.13 | |||
| Value At Risk | (10.87) | |||
| Potential Upside | 12.5 |
Scworx Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Scworx Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Scworx Corp's standard deviation. In reality, there are many statistical measures that can use Scworx Corp historical prices to predict the future Scworx Corp's volatility.| Risk Adjusted Performance | 0.0964 | |||
| Jensen Alpha | 1.22 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | 0.2653 | |||
| Treynor Ratio | 0.3188 |
Scworx Corp Backtested Returns
Scworx Corp is abnormally volatile given 3 months investment horizon. Scworx Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. We were able to interpolate data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.79% are justified by taking the suggested risk. Use Scworx Corp Coefficient Of Variation of 877.93, risk adjusted performance of 0.0964, and Semi Deviation of 5.18 to evaluate company specific risk that cannot be diversified away. Scworx Corp holds a performance score of 8 on a scale of zero to a hundred. The entity has a beta of 5.55, 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, Scworx Corp will likely underperform. Use Scworx Corp downside variance, daily balance of power, relative strength index, as well as the relationship between the skewness and day typical price , to analyze future returns on Scworx Corp.
Auto-correlation | 0.78 |
Good predictability
Scworx Corp has good predictability. Overlapping area represents the amount of predictability between Scworx Corp time series from 1st of August 2023 to 28th of March 2024 and 28th of March 2024 to 23rd 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 Scworx Corp price movement. The serial correlation of 0.78 indicates that around 78.0% of current Scworx Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.32 |
Scworx Corp lagged returns against current returns
Autocorrelation, which is Scworx Corp 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 Scworx Corp's stock expected returns. We can calculate the autocorrelation of Scworx Corp returns to help us make a trade decision. For example, suppose you find that Scworx Corp 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 |
Scworx Corp 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 Scworx Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Scworx Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Scworx Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Scworx Corp Lagged Returns
When evaluating Scworx Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Scworx Corp stock have on its future price. Scworx Corp 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, Scworx Corp autocorrelation shows the relationship between Scworx Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Scworx Corp.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Scworx Stock Analysis
When running Scworx Corp's price analysis, check to measure Scworx Corp'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 Scworx Corp is operating at the current time. Most of Scworx Corp's value examination focuses on studying past and present price action to predict the probability of Scworx Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Scworx Corp's price. Additionally, you may evaluate how the addition of Scworx Corp to your portfolios can decrease your overall portfolio volatility.