As of the 5th of February, Shopify has the Variance of 9.88, coefficient of variation of (508.55), and Risk Adjusted Performance of (0.14). In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Shopify, as well as the relationship between them.
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Shopify, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Shopify
Shopify
Shopify's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
Please note, there is a significant difference between Shopify's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shopify is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. Conversely, Shopify's market price signifies the transaction level at which participants voluntarily complete trades.
Shopify '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 Shopify'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 Shopify.
0.00
11/07/2025
No Change 0.00
0.0
In 3 months and 1 day
02/05/2026
0.00
If you would invest 0.00 in Shopify on November 7, 2025 and sell it all today you would earn a total of 0.00 from holding Shopify or generate 0.0% return on investment in Shopify over 90 days. Shopify is related to or competes with Constellation Software, Intermap Technologies, TECSYS, Lightspeed Commerce, and Kinaxis. Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Mi... More
Shopify 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 Shopify'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 Shopify upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shopify's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shopify's standard deviation. In reality, there are many statistical measures that can use Shopify historical prices to predict the future Shopify's volatility.
Shopify owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.16, which indicates the firm had a -0.16 % return per unit of risk over the last 3 months. Shopify exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shopify's Risk Adjusted Performance of (0.14), variance of 9.88, and Coefficient Of Variation of (508.55) to confirm the risk estimate we provide. The entity has a beta of 1.05, which indicates a somewhat significant risk relative to the market. Shopify returns are very sensitive to returns on the market. As the market goes up or down, Shopify is expected to follow. At this point, Shopify has a negative expected return of -0.5%. Please make sure to validate Shopify's potential upside, kurtosis, and the relationship between the maximum drawdown and skewness , to decide if Shopify performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.59
Good reverse predictability
Shopify has good reverse predictability. Overlapping area represents the amount of predictability between Shopify time series from 7th of November 2025 to 22nd of December 2025 and 22nd of December 2025 to 5th of February 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Shopify price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Shopify price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.59
Spearman Rank Test
-0.66
Residual Average
0.0
Price Variance
609.24
Shopify 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.
A focus of Shopify technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Shopify trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...
Shopify Technical Analysis
The output start index for this execution was fifty with a total number of output elements of eleven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Shopify volatility. High ATR values indicate high volatility, and low values indicate low volatility.
About Shopify Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Shopify on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Shopify based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Shopify price pattern first instead of the macroeconomic environment surrounding Shopify. By analyzing Shopify's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Shopify's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Shopify specific price patterns or momentum indicators. Please read more on our technical analysis page.
Most technical analysis of Shopify help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Shopify from various momentum indicators to cycle indicators. When you analyze Shopify charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Shopify stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
When determining whether Shopify is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Shopify Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Shopify Stock. Highlighted below are key reports to facilitate an investment decision about Shopify Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Shopify. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
To learn how to invest in Shopify Stock, please use our How to Invest in Shopify guide.You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Please note, there is a significant difference between Shopify's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shopify is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. Conversely, Shopify's market price signifies the transaction level at which participants voluntarily complete trades.