Phunware Stock Market Value
| PHUN Stock | USD 4.46 0.17 3.67% |
| Symbol | Phunware |
Phunware Price To Book Ratio
Is Systems 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 Phunware. If investors know Phunware 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 Phunware listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (8.52) | Revenue Per Share 0.484 | Quarterly Revenue Growth (0.76) | Return On Assets (0.22) | Return On Equity (1.56) |
The market value of Phunware is measured differently than its book value, which is the value of Phunware that is recorded on the company's balance sheet. Investors also form their own opinion of Phunware's value that differs from its market value or its book value, called intrinsic value, which is Phunware'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 Phunware's market value can be influenced by many factors that don't directly affect Phunware'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 Phunware's value and its price as these two are different measures arrived at by different means. Investors typically determine if Phunware is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Phunware'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.
Phunware '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 Phunware'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 Phunware.
| 10/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Phunware on October 12, 2024 and sell it all today you would earn a total of 0.00 from holding Phunware or generate 0.0% return on investment in Phunware over 60 days. Phunware is related to or competes with HeartCore Enterprises, Beamr Imaging, AMTD Digital, CXApp, SoundHound, Trust Stamp, and Freight Technologies. Phunware, Inc., together with its subsidiaries, offers integrated software platform that equips companies with the produ... More
Phunware 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 Phunware'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 Phunware upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 10.22 | |||
| Information Ratio | 0.0747 | |||
| Maximum Drawdown | 78.43 | |||
| Value At Risk | (13.59) | |||
| Potential Upside | 21.48 |
Phunware Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Phunware's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Phunware's standard deviation. In reality, there are many statistical measures that can use Phunware historical prices to predict the future Phunware's volatility.| Risk Adjusted Performance | 0.0712 | |||
| Jensen Alpha | 0.8016 | |||
| Total Risk Alpha | (0.84) | |||
| Sortino Ratio | 0.0835 | |||
| Treynor Ratio | 0.6685 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Phunware's 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.
Phunware Backtested Returns
Phunware is dangerous given 3 months investment horizon. Phunware maintains Sharpe Ratio (i.e., Efficiency) of 0.0989, which implies the firm had a 0.0989% return per unit of risk over the last 3 months. We are able to break down and analyze data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.15% are justified by taking the suggested risk. Use Phunware Semi Deviation of 9.58, risk adjusted performance of 0.0712, and Coefficient Of Variation of 1168.85 to evaluate company specific risk that cannot be diversified away. Phunware holds a performance score of 7 on a scale of zero to a hundred. The company holds a Beta of 1.45, which implies 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, Phunware will likely underperform. Use Phunware downside variance, as well as the relationship between the accumulation distribution and price action indicator , to analyze future returns on Phunware.
Auto-correlation | -0.25 |
Weak reverse predictability
Phunware has weak reverse predictability. Overlapping area represents the amount of predictability between Phunware time series from 12th of October 2024 to 11th of November 2024 and 11th of November 2024 to 11th 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 Phunware price movement. The serial correlation of -0.25 indicates that over 25.0% of current Phunware price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Phunware lagged returns against current returns
Autocorrelation, which is Phunware 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 Phunware's stock expected returns. We can calculate the autocorrelation of Phunware returns to help us make a trade decision. For example, suppose you find that Phunware 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 |
Phunware 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 Phunware stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Phunware stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Phunware stock over time.
Current vs Lagged Prices |
| Timeline |
Phunware Lagged Returns
When evaluating Phunware's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Phunware stock have on its future price. Phunware 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, Phunware autocorrelation shows the relationship between Phunware stock current value and its past values and can show if there is a momentum factor associated with investing in Phunware.
Regressed Prices |
| Timeline |
When determining whether Phunware offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Phunware'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 Phunware Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Phunware Stock:
Check out Phunware Correlation, Phunware Volatility and Phunware Alpha and Beta module to complement your research on Phunware. To learn how to invest in Phunware Stock, please use our How to Invest in Phunware guide.You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Phunware 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.