Ispire Technology Common Stock Market Value
| ISPR Stock | 5.54 0.40 6.73% |
| Symbol | Ispire |
Ispire Technology Common Price To Book Ratio
Is Packaged Foods & Meats 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 Ispire Technology. If investors know Ispire 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 Ispire Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.35) | Revenue Per Share 2.678 | Quarterly Revenue Growth (0.08) | Return On Assets (0.11) | Return On Equity (0.62) |
The market value of Ispire Technology Common is measured differently than its book value, which is the value of Ispire that is recorded on the company's balance sheet. Investors also form their own opinion of Ispire Technology's value that differs from its market value or its book value, called intrinsic value, which is Ispire Technology'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 Ispire Technology's market value can be influenced by many factors that don't directly affect Ispire Technology'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 Ispire Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ispire Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ispire Technology'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.
Ispire Technology '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 Ispire Technology'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 Ispire Technology.
| 12/30/2022 |
| 12/19/2024 |
If you would invest 0.00 in Ispire Technology on December 30, 2022 and sell it all today you would earn a total of 0.00 from holding Ispire Technology Common or generate 0.0% return on investment in Ispire Technology over 720 days. Ispire Technology is related to or competes with Weibo Corp, CECO Environmental, Inflection Point, Sphere Entertainment, SFL, Aldel Financial, and Supercom. Ispire Technology is entity of United States More
Ispire Technology 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 Ispire Technology'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 Ispire Technology Common upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 20.95 | |||
| Value At Risk | (6.70) | |||
| Potential Upside | 5.18 |
Ispire Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ispire Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ispire Technology's standard deviation. In reality, there are many statistical measures that can use Ispire Technology historical prices to predict the future Ispire Technology's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.42) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | (0.24) |
Ispire Technology Common Backtested Returns
Ispire Technology Common holds Efficiency (Sharpe) Ratio of -0.0872, which attests that the entity had a -0.0872% return per unit of risk over the last 3 months. Ispire Technology Common exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Ispire Technology's Risk Adjusted Performance of (0.07), standard deviation of 4.16, and Market Risk Adjusted Performance of (0.23) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 1.62, which attests to 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, Ispire Technology will likely underperform. At this point, Ispire Technology Common has a negative expected return of -0.37%. Please make sure to check out Ispire Technology's information ratio, kurtosis, as well as the relationship between the Kurtosis and period momentum indicator , to decide if Ispire Technology Common performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.52 |
Good reverse predictability
Ispire Technology Common has good reverse predictability. Overlapping area represents the amount of predictability between Ispire Technology time series from 30th of December 2022 to 25th of December 2023 and 25th of December 2023 to 19th 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 Ispire Technology Common price movement. The serial correlation of -0.52 indicates that about 52.0% of current Ispire Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 3.85 |
Ispire Technology Common lagged returns against current returns
Autocorrelation, which is Ispire Technology 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 Ispire Technology's stock expected returns. We can calculate the autocorrelation of Ispire Technology returns to help us make a trade decision. For example, suppose you find that Ispire Technology 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 |
Ispire Technology 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 Ispire Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ispire Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ispire Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Ispire Technology Lagged Returns
When evaluating Ispire Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ispire Technology stock have on its future price. Ispire Technology 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, Ispire Technology autocorrelation shows the relationship between Ispire Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Ispire Technology Common.
Regressed Prices |
| Timeline |
Pair Trading with Ispire Technology
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ispire Technology position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ispire Technology will appreciate offsetting losses from the drop in the long position's value.Moving against Ispire Stock
| 0.54 | PM | Philip Morris Intern | PairCorr |
| 0.5 | SAM | Boston Beer | PairCorr |
| 0.49 | CCU | Compania Cervecerias | PairCorr |
| 0.49 | TPB | Turning Point Brands | PairCorr |
| 0.47 | PAVS | Paranovus Entertainment | PairCorr |
The ability to find closely correlated positions to Ispire Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ispire Technology when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ispire Technology - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ispire Technology Common to buy it.
The correlation of Ispire Technology is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ispire Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ispire Technology Common moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ispire Technology can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Ispire Stock Analysis
When running Ispire Technology's price analysis, check to measure Ispire Technology'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 Ispire Technology is operating at the current time. Most of Ispire Technology's value examination focuses on studying past and present price action to predict the probability of Ispire Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ispire Technology's price. Additionally, you may evaluate how the addition of Ispire Technology to your portfolios can decrease your overall portfolio volatility.