Shuttle's market value is the price at which a share of Shuttle trades on a public exchange. It measures the collective expectations of Shuttle investors about its performance. Shuttle is selling for under 20.90 as of the 1st of January 2025; that is 1.18 percent decrease since the beginning of the trading day. The stock's lowest day price was 20.85. With this module, you can estimate the performance of a buy and hold strategy of Shuttle and determine expected loss or profit from investing in Shuttle over a given investment horizon. Check out Shuttle Correlation, Shuttle Volatility and Shuttle Alpha and Beta module to complement your research on Shuttle.
Please note, there is a significant difference between Shuttle's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shuttle is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shuttle'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.
Shuttle '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 Shuttle'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 Shuttle.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Shuttle'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 Shuttle 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 Shuttle's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shuttle's standard deviation. In reality, there are many statistical measures that can use Shuttle historical prices to predict the future Shuttle's volatility.
At this stage we consider Shuttle Stock to be not too volatile. Shuttle owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0376, which indicates the firm had a 0.0376% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Shuttle, which you can use to evaluate the volatility of the company. Please validate Shuttle's Coefficient Of Variation of 2313.94, risk adjusted performance of 0.0414, and Semi Deviation of 1.99 to confirm if the risk estimate we provide is consistent with the expected return of 0.09%. Shuttle has a performance score of 2 on a scale of 0 to 100. The entity has a beta of -0.53, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Shuttle are expected to decrease at a much lower rate. During the bear market, Shuttle is likely to outperform the market. Shuttle right now has a risk of 2.39%. Please validate Shuttle standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if Shuttle will be following its existing price patterns.
Auto-correlation
-0.14
Insignificant reverse predictability
Shuttle has insignificant reverse predictability. Overlapping area represents the amount of predictability between Shuttle time series from 8th of December 2023 to 20th of June 2024 and 20th of June 2024 to 1st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Shuttle price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Shuttle price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.14
Spearman Rank Test
-0.15
Residual Average
0.0
Price Variance
2.93
Shuttle lagged returns against current returns
Autocorrelation, which is Shuttle 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 Shuttle's stock expected returns. We can calculate the autocorrelation of Shuttle returns to help us make a trade decision. For example, suppose you find that Shuttle 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
Shuttle 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 Shuttle stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shuttle stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shuttle stock over time.
Current vs Lagged Prices
Timeline
Shuttle Lagged Returns
When evaluating Shuttle's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shuttle stock have on its future price. Shuttle 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, Shuttle autocorrelation shows the relationship between Shuttle stock current value and its past values and can show if there is a momentum factor associated with investing in Shuttle.
Regressed Prices
Timeline
Also Currently Popular
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.
When running Shuttle's price analysis, check to measure Shuttle'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 Shuttle is operating at the current time. Most of Shuttle's value examination focuses on studying past and present price action to predict the probability of Shuttle's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shuttle's price. Additionally, you may evaluate how the addition of Shuttle to your portfolios can decrease your overall portfolio volatility.