Sharc International's market value is the price at which a share of Sharc International trades on a public exchange. It measures the collective expectations of Sharc International Systems investors about its performance. Sharc International is trading at 0.0905 as of the 18th of January 2025. This is a 3.21 percent down since the beginning of the trading day. The stock's lowest day price was 0.0905. With this module, you can estimate the performance of a buy and hold strategy of Sharc International Systems and determine expected loss or profit from investing in Sharc International over a given investment horizon. Check out Sharc International Correlation, Sharc International Volatility and Sharc International Alpha and Beta module to complement your research on Sharc International.
Please note, there is a significant difference between Sharc International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sharc International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sharc International'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.
Sharc International '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 Sharc International'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 Sharc International.
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12/19/2024
No Change 0.00
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In 31 days
01/18/2025
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If you would invest 0.00 in Sharc International on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Sharc International Systems or generate 0.0% return on investment in Sharc International over 30 days. Sharc International is related to or competes with Minerals Technologies, Cleanaway Waste, BioNTech, Playtech Plc, Clean Energy, and ULTRA CLEAN. Sharc International Systems Inc. provides wastewater heat exchange products and services in Canada and internationally More
Sharc International 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 Sharc International'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 Sharc International Systems 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 Sharc International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sharc International's standard deviation. In reality, there are many statistical measures that can use Sharc International historical prices to predict the future Sharc International's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Sharc International. Your research has to be compared to or analyzed against Sharc International's peers to derive any actionable benefits. When done correctly, Sharc International's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Sharc International.
Sharc International Backtested Returns
Sharc International is out of control given 3 months investment horizon. Sharc International owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the firm had a 0.12% return per unit of risk over the last 3 months. We were able to collect and analyze data for twenty-seven different technical indicators, which can help you to evaluate if expected returns of 1.06% are justified by taking the suggested risk. Use Sharc International Coefficient Of Variation of 1039.45, risk adjusted performance of 0.0894, and Semi Deviation of 6.72 to evaluate company specific risk that cannot be diversified away. Sharc International holds a performance score of 9 on a scale of zero to a hundred. The entity has a beta of 0.76, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sharc International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sharc International is expected to be smaller as well. Use Sharc International mean deviation, downside deviation, information ratio, as well as the relationship between the semi deviation and coefficient of variation , to analyze future returns on Sharc International.
Auto-correlation
-0.51
Good reverse predictability
Sharc International Systems has good reverse predictability. Overlapping area represents the amount of predictability between Sharc International time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th 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 Sharc International price movement. The serial correlation of -0.51 indicates that about 51.0% of current Sharc International price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.51
Spearman Rank Test
-0.79
Residual Average
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Price Variance
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Sharc International lagged returns against current returns
Autocorrelation, which is Sharc International 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 Sharc International's stock expected returns. We can calculate the autocorrelation of Sharc International returns to help us make a trade decision. For example, suppose you find that Sharc International 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
Sharc International 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 Sharc International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sharc International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sharc International stock over time.
Current vs Lagged Prices
Timeline
Sharc International Lagged Returns
When evaluating Sharc International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sharc International stock have on its future price. Sharc International 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, Sharc International autocorrelation shows the relationship between Sharc International stock current value and its past values and can show if there is a momentum factor associated with investing in Sharc International Systems.
Sharc International financial ratios help investors to determine whether Sharc Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Sharc with respect to the benefits of owning Sharc International security.