Shorepower Technologies Stock Performance
| SPEV Stock | 0.04 0.01 12.50% |
Shorepower Technologies holds a performance score of 7 on a scale of zero to a hundred. The entity has a beta of -0.64, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Shorepower Technologies are expected to decrease at a much lower rate. During the bear market, Shorepower Technologies is likely to outperform the market. Use Shorepower Technologies potential upside, as well as the relationship between the daily balance of power and relative strength index , to analyze future returns on Shorepower Technologies.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Shorepower Technologies are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. In spite of fairly weak technical and fundamental indicators, Shorepower Technologies showed solid returns over the last few months and may actually be approaching a breakup point. ...more
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Shorepower Technologies Relative Risk vs. Return Landscape
If you would invest 3.50 in Shorepower Technologies on September 14, 2024 and sell it today you would earn a total of 1.00 from holding Shorepower Technologies or generate 28.57% return on investment over 90 days. Shorepower Technologies is currently generating 2.163% in daily expected returns and assumes 21.7995% risk (volatility on return distribution) over the 90 days horizon. In different words, most equities are less risky than Shorepower, and most traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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Shorepower Technologies Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shorepower Technologies' investment risk. Standard deviation is the most common way to measure market volatility of otc stocks, such as Shorepower Technologies, and traders can use it to determine the average amount a Shorepower Technologies' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0992
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Estimated Market Risk
| 21.8 actual daily | 96 96% of assets are less volatile |
Expected Return
| 2.16 actual daily | 43 57% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 7 93% of assets perform better |
Based on monthly moving average Shorepower Technologies is performing at about 7% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Shorepower Technologies by adding it to a well-diversified portfolio.
Things to note about Shorepower Technologies performance evaluation
Checking the ongoing alerts about Shorepower Technologies for important developments is a great way to find new opportunities for your next move. OTC Stock alerts and notifications screener for Shorepower Technologies help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Shorepower Technologies is way too risky over 90 days horizon | |
| Shorepower Technologies has some characteristics of a very speculative penny stock | |
| Shorepower Technologies appears to be risky and price may revert if volatility continues |
- Analyzing Shorepower Technologies' financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Shorepower Technologies' stock is overvalued or undervalued compared to its peers.
- Examining Shorepower Technologies' industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Shorepower Technologies' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Shorepower Technologies' management team can help you assess the OTC Stock's leadership.
- Pay attention to analyst opinions and ratings of Shorepower Technologies' otc stock. These opinions can provide insight into Shorepower Technologies' potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Shorepower OTC Stock Analysis
When running Shorepower Technologies' price analysis, check to measure Shorepower Technologies' 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 Shorepower Technologies is operating at the current time. Most of Shorepower Technologies' value examination focuses on studying past and present price action to predict the probability of Shorepower Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shorepower Technologies' price. Additionally, you may evaluate how the addition of Shorepower Technologies to your portfolios can decrease your overall portfolio volatility.