Shopify (Brazil) Market Value

S2HO34 Stock  BRL 4.62  0.07  1.54%   
Shopify's market value is the price at which a share of Shopify trades on a public exchange. It measures the collective expectations of Shopify investors about its performance. Shopify is trading at 4.62 as of the 18th of March 2025, a 1.54% up since the beginning of the trading day. The stock's open price was 4.55.
With this module, you can estimate the performance of a buy and hold strategy of Shopify and determine expected loss or profit from investing in Shopify over a given investment horizon. Check out Shopify Correlation, Shopify Volatility and Shopify Alpha and Beta module to complement your research on Shopify.
For information on how to trade Shopify Stock refer to our How to Trade Shopify Stock guide.
Symbol

Please note, there is a significant difference between Shopify's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shopify is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shopify'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.

Shopify '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 Shopify'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 Shopify.
0.00
12/18/2024
No Change 0.00  0.0 
In 2 months and 31 days
03/18/2025
0.00
If you would invest  0.00  in Shopify on December 18, 2024 and sell it all today you would earn a total of 0.00 from holding Shopify or generate 0.0% return on investment in Shopify over 90 days. Shopify is related to or competes with Electronic Arts, Align Technology, T Mobile, Seagate Technology, and Micron Technology. Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, the United Kin... More

Shopify 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 Shopify'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 Shopify upside and downside potential and time the market with a certain degree of confidence.

Shopify Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Shopify's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shopify's standard deviation. In reality, there are many statistical measures that can use Shopify historical prices to predict the future Shopify's volatility.
Hype
Prediction
LowEstimatedHigh
1.344.627.90
Details
Intrinsic
Valuation
LowRealHigh
0.874.157.43
Details
Naive
Forecast
LowNextHigh
1.334.607.88
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
4.414.614.80
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Shopify. Your research has to be compared to or analyzed against Shopify's peers to derive any actionable benefits. When done correctly, Shopify'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 Shopify.

Shopify Backtested Returns

Shopify owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.1, which indicates the firm had a -0.1 % return per unit of risk over the last 3 months. Shopify exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shopify's Risk Adjusted Performance of (0.07), variance of 10.66, and Coefficient Of Variation of (1,121) to confirm the risk estimate we provide. The entity has a beta of 0.48, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Shopify's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shopify is expected to be smaller as well. At this point, Shopify has a negative expected return of -0.33%. Please make sure to validate Shopify's maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Shopify performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.10  

Insignificant predictability

Shopify has insignificant predictability. Overlapping area represents the amount of predictability between Shopify time series from 18th of December 2024 to 1st of February 2025 and 1st of February 2025 to 18th of March 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 Shopify price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Shopify price fluctuation can be explain by its past prices.
Correlation Coefficient0.1
Spearman Rank Test0.49
Residual Average0.0
Price Variance0.29

Shopify lagged returns against current returns

Autocorrelation, which is Shopify 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 Shopify's stock expected returns. We can calculate the autocorrelation of Shopify returns to help us make a trade decision. For example, suppose you find that Shopify 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  

Shopify 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 Shopify stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shopify stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shopify stock over time.
   Current vs Lagged Prices   
       Timeline  

Shopify Lagged Returns

When evaluating Shopify's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shopify stock have on its future price. Shopify 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, Shopify autocorrelation shows the relationship between Shopify stock current value and its past values and can show if there is a momentum factor associated with investing in Shopify.
   Regressed Prices   
       Timeline  

Also Currently Popular

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 Information and Resources on Investing in Shopify Stock

When determining whether Shopify is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Shopify Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Shopify Stock. Highlighted below are key reports to facilitate an investment decision about Shopify Stock:
Check out Shopify Correlation, Shopify Volatility and Shopify Alpha and Beta module to complement your research on Shopify.
For information on how to trade Shopify Stock refer to our How to Trade Shopify Stock guide.
You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Shopify 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.
A focus of Shopify technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Shopify trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...