Syntec Optics Holdings Stock Market Value
| OPTX Stock | 3.50 1.56 80.41% |
| Symbol | Syntec |
Syntec Optics Holdings Price To Book Ratio
Is Electronic Equipment, Instruments & Components 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 Syntec Optics. If investors know Syntec 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 Syntec Optics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.57) | Revenue Per Share 0.806 | Quarterly Revenue Growth (0.09) | Return On Assets (0.02) | Return On Equity 0.0387 |
The market value of Syntec Optics Holdings is measured differently than its book value, which is the value of Syntec that is recorded on the company's balance sheet. Investors also form their own opinion of Syntec Optics' value that differs from its market value or its book value, called intrinsic value, which is Syntec Optics' 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 Syntec Optics' market value can be influenced by many factors that don't directly affect Syntec Optics' 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 Syntec Optics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Syntec Optics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Syntec Optics' 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.
Syntec Optics '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 Syntec Optics' 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 Syntec Optics.
| 11/21/2024 |
| 12/21/2024 |
If you would invest 0.00 in Syntec Optics on November 21, 2024 and sell it all today you would earn a total of 0.00 from holding Syntec Optics Holdings or generate 0.0% return on investment in Syntec Optics over 30 days. Syntec Optics is related to or competes with Mayfair Gold, Westinghouse Air, Mesa Air, Corporacion America, Sable Offshore, American Axle, and Lucid. Syntec Optics is entity of United States More
Syntec Optics 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 Syntec Optics' 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 Syntec Optics Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 11.49 | |||
| Information Ratio | 0.1548 | |||
| Maximum Drawdown | 126.36 | |||
| Value At Risk | (23.31) | |||
| Potential Upside | 43.01 |
Syntec Optics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Syntec Optics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Syntec Optics' standard deviation. In reality, there are many statistical measures that can use Syntec Optics historical prices to predict the future Syntec Optics' volatility.| Risk Adjusted Performance | 0.1335 | |||
| Jensen Alpha | 3.17 | |||
| Total Risk Alpha | 2.67 | |||
| Sortino Ratio | 0.2812 | |||
| Treynor Ratio | 0.8827 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Syntec Optics' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Syntec Optics Holdings Backtested Returns
Syntec Optics is abnormally volatile given 3 months investment horizon. Syntec Optics Holdings owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the firm had a 0.15% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 3.26% are justified by taking the suggested risk. Use Syntec Optics Holdings Semi Deviation of 8.06, risk adjusted performance of 0.1335, and Coefficient Of Variation of 639.73 to evaluate company specific risk that cannot be diversified away. Syntec Optics holds a performance score of 12 on a scale of zero to a hundred. The entity has a beta of 3.68, which indicates 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, Syntec Optics will likely underperform. Use Syntec Optics Holdings value at risk, as well as the relationship between the kurtosis and price action indicator , to analyze future returns on Syntec Optics Holdings.
Auto-correlation | 0.70 |
Good predictability
Syntec Optics Holdings has good predictability. Overlapping area represents the amount of predictability between Syntec Optics time series from 21st of November 2024 to 6th of December 2024 and 6th of December 2024 to 21st 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 Syntec Optics Holdings price movement. The serial correlation of 0.7 indicates that around 70.0% of current Syntec Optics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.93 |
Syntec Optics Holdings lagged returns against current returns
Autocorrelation, which is Syntec Optics 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 Syntec Optics' stock expected returns. We can calculate the autocorrelation of Syntec Optics returns to help us make a trade decision. For example, suppose you find that Syntec Optics 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 |
Syntec Optics 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 Syntec Optics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Syntec Optics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Syntec Optics stock over time.
Current vs Lagged Prices |
| Timeline |
Syntec Optics Lagged Returns
When evaluating Syntec Optics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Syntec Optics stock have on its future price. Syntec Optics 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, Syntec Optics autocorrelation shows the relationship between Syntec Optics stock current value and its past values and can show if there is a momentum factor associated with investing in Syntec Optics Holdings.
Regressed Prices |
| Timeline |
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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.Additional Tools for Syntec Stock Analysis
When running Syntec Optics' price analysis, check to measure Syntec Optics' 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 Syntec Optics is operating at the current time. Most of Syntec Optics' value examination focuses on studying past and present price action to predict the probability of Syntec Optics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Syntec Optics' price. Additionally, you may evaluate how the addition of Syntec Optics to your portfolios can decrease your overall portfolio volatility.