Scope AI's market value is the price at which a share of Scope AI trades on a public exchange. It measures the collective expectations of Scope AI Corp investors about its performance. Scope AI is trading at 1.0 as of the 2nd of January 2025. This is a 7.41% down since the beginning of the trading day. The stock's lowest day price was 0.95. With this module, you can estimate the performance of a buy and hold strategy of Scope AI Corp and determine expected loss or profit from investing in Scope AI over a given investment horizon. Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any otc stock could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
Symbol
Scope
Scope AI '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 Scope AI's otc 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 Scope AI.
0.00
12/03/2024
No Change 0.00
0.0
In 31 days
01/02/2025
0.00
If you would invest 0.00 in Scope AI on December 3, 2024 and sell it all today you would earn a total of 0.00 from holding Scope AI Corp or generate 0.0% return on investment in Scope AI over 30 days.
Scope AI 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 Scope AI's otc 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 Scope AI Corp 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 Scope AI's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Scope AI's standard deviation. In reality, there are many statistical measures that can use Scope AI historical prices to predict the future Scope AI's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Scope AI'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.
Scope AI Corp Backtested Returns
Scope AI Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0033, which indicates the firm had a 0.0033% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Scope AI Corp, which you can use to evaluate the volatility of the company. Please validate Scope AI's Risk Adjusted Performance of 0.0063, coefficient of variation of (34,464), and Variance of 32.84 to confirm if the risk estimate we provide is consistent with the expected return of 0.019%. The entity has a beta of 0.27, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Scope AI's returns are expected to increase less than the market. However, during the bear market, the loss of holding Scope AI is expected to be smaller as well. Scope AI Corp right now has a risk of 5.79%. Please validate Scope AI day median price, price action indicator, as well as the relationship between the accumulation distribution and potential upside , to decide if Scope AI will be following its existing price patterns.
Auto-correlation
-0.47
Modest reverse predictability
Scope AI Corp has modest reverse predictability. Overlapping area represents the amount of predictability between Scope AI time series from 3rd of December 2024 to 18th of December 2024 and 18th of December 2024 to 2nd 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 Scope AI Corp price movement. The serial correlation of -0.47 indicates that about 47.0% of current Scope AI price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.47
Spearman Rank Test
-0.35
Residual Average
0.0
Price Variance
0.03
Scope AI Corp lagged returns against current returns
Autocorrelation, which is Scope AI otc 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 Scope AI's otc stock expected returns. We can calculate the autocorrelation of Scope AI returns to help us make a trade decision. For example, suppose you find that Scope AI has exhibited high autocorrelation historically, and you observe that the otc 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
Scope AI 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 Scope AI otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Scope AI otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Scope AI otc stock over time.
Current vs Lagged Prices
Timeline
Scope AI Lagged Returns
When evaluating Scope AI's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Scope AI otc stock have on its future price. Scope AI 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, Scope AI autocorrelation shows the relationship between Scope AI otc stock current value and its past values and can show if there is a momentum factor associated with investing in Scope AI Corp.