Agora Inc Stock Market Value
| API Stock | USD 5.53 0.47 9.29% |
| Symbol | Agora |
Agora Inc Price To Book Ratio
Is Application Software 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 Agora. If investors know Agora 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 Agora listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.50) | Revenue Per Share 1.463 | Quarterly Revenue Growth 0.005 | Return On Assets (0.04) | Return On Equity (0.07) |
The market value of Agora Inc is measured differently than its book value, which is the value of Agora that is recorded on the company's balance sheet. Investors also form their own opinion of Agora's value that differs from its market value or its book value, called intrinsic value, which is Agora'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 Agora's market value can be influenced by many factors that don't directly affect Agora'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 Agora's value and its price as these two are different measures arrived at by different means. Investors typically determine if Agora is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Agora'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.
Agora '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 Agora'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 Agora.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Agora on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Agora Inc or generate 0.0% return on investment in Agora over 360 days. Agora is related to or competes with Ke Holdings, NCino, Kingsoft Cloud, Jfrog, and Bigcommerce Holdings. Agora, Inc. provides Real-Time Engagement Platform-as-a-Service in the Peoples Republic of China, the United States, and... More
Agora 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 Agora'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 Agora Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.52 | |||
| Information Ratio | 0.1499 | |||
| Maximum Drawdown | 98.96 | |||
| Value At Risk | (13.59) | |||
| Potential Upside | 21.94 |
Agora Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Agora's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Agora's standard deviation. In reality, there are many statistical measures that can use Agora historical prices to predict the future Agora's volatility.| Risk Adjusted Performance | 0.1309 | |||
| Jensen Alpha | 2.1 | |||
| Total Risk Alpha | 0.1184 | |||
| Sortino Ratio | 0.2708 | |||
| Treynor Ratio | 5.06 |
Agora Inc Backtested Returns
Agora is dangerous given 3 months investment horizon. Agora Inc secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the company had a 0.17% 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 2.34% are justified by taking the suggested risk. Use Agora Mean Deviation of 7.18, risk adjusted performance of 0.1309, and Downside Deviation of 7.52 to evaluate company specific risk that cannot be diversified away. Agora holds a performance score of 13 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.43, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Agora's returns are expected to increase less than the market. However, during the bear market, the loss of holding Agora is expected to be smaller as well. Use Agora sortino ratio, skewness, period momentum indicator, as well as the relationship between the potential upside and rate of daily change , to analyze future returns on Agora.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Agora Inc has insignificant reverse predictability. Overlapping area represents the amount of predictability between Agora time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd of December 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 Agora Inc price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Agora price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.83 |
Agora Inc lagged returns against current returns
Autocorrelation, which is Agora 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 Agora's stock expected returns. We can calculate the autocorrelation of Agora returns to help us make a trade decision. For example, suppose you find that Agora 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 |
Agora 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 Agora stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Agora stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Agora stock over time.
Current vs Lagged Prices |
| Timeline |
Agora Lagged Returns
When evaluating Agora's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Agora stock have on its future price. Agora 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, Agora autocorrelation shows the relationship between Agora stock current value and its past values and can show if there is a momentum factor associated with investing in Agora Inc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Agora Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Agora's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Agora Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Agora Inc Stock:Check out Agora Correlation, Agora Volatility and Agora Alpha and Beta module to complement your research on Agora. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Agora 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.