374water Common Stock Stock Market Value
| SCWO Stock | USD 0.72 0.01 1.37% |
| Symbol | 374Water |
374Water Common Stock Price To Book Ratio
Is Industrial Machinery & Supplies & 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 374Water Common. If investors know 374Water 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 374Water Common listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.08) | Revenue Per Share 0.002 | Quarterly Revenue Growth (0.26) | Return On Assets (0.41) | Return On Equity (0.66) |
The market value of 374Water Common Stock is measured differently than its book value, which is the value of 374Water that is recorded on the company's balance sheet. Investors also form their own opinion of 374Water Common's value that differs from its market value or its book value, called intrinsic value, which is 374Water Common'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 374Water Common's market value can be influenced by many factors that don't directly affect 374Water Common'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 374Water Common's value and its price as these two are different measures arrived at by different means. Investors typically determine if 374Water Common is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 374Water Common'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.
374Water Common '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 374Water Common'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 374Water Common.
| 10/26/2024 |
| 12/25/2024 |
If you would invest 0.00 in 374Water Common on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding 374Water Common Stock or generate 0.0% return on investment in 374Water Common over 60 days. 374Water Common is related to or competes with Zurn Elkay, Energy Recovery, CECO Environmental, Federal Signal, and Fuel Tech. 374Water, Inc. focuses on providing a technology that addresses environmental pollution challenges More
374Water Common 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 374Water Common'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 374Water Common Stock upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 35.07 | |||
| Value At Risk | (7.36) | |||
| Potential Upside | 7.51 |
374Water Common Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 374Water Common's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 374Water Common's standard deviation. In reality, there are many statistical measures that can use 374Water Common historical prices to predict the future 374Water Common's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.91) | |||
| Total Risk Alpha | (1.05) | |||
| Treynor Ratio | (0.33) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of 374Water Common'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.
374Water Common Stock Backtested Returns
374Water Common Stock retains Efficiency (Sharpe Ratio) of -0.15, which signifies that the company had a -0.15% return per unit of price deviation over the last 3 months. 374Water Common exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 374Water Common's Information Ratio of (0.16), market risk adjusted performance of (0.32), and Variance of 28.22 to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 2.47, which signifies 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, 374Water Common will likely underperform. At this point, 374Water Common Stock has a negative expected return of -0.83%. Please make sure to confirm 374Water Common's total risk alpha, as well as the relationship between the accumulation distribution and relative strength index , to decide if 374Water Common Stock performance from the past will be repeated sooner or later.
Auto-correlation | 0.94 |
Excellent predictability
374Water Common Stock has excellent predictability. Overlapping area represents the amount of predictability between 374Water Common time series from 26th of October 2024 to 25th of November 2024 and 25th of November 2024 to 25th 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 374Water Common Stock price movement. The serial correlation of 0.94 indicates that approximately 94.0% of current 374Water Common price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.94 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
374Water Common Stock lagged returns against current returns
Autocorrelation, which is 374Water Common 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 374Water Common's stock expected returns. We can calculate the autocorrelation of 374Water Common returns to help us make a trade decision. For example, suppose you find that 374Water Common 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 |
374Water Common 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 374Water Common stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 374Water Common stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 374Water Common stock over time.
Current vs Lagged Prices |
| Timeline |
374Water Common Lagged Returns
When evaluating 374Water Common's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 374Water Common stock have on its future price. 374Water Common 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, 374Water Common autocorrelation shows the relationship between 374Water Common stock current value and its past values and can show if there is a momentum factor associated with investing in 374Water Common Stock.
Regressed Prices |
| Timeline |
Pair Trading with 374Water Common
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if 374Water Common position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in 374Water Common will appreciate offsetting losses from the drop in the long position's value.Moving together with 374Water Stock
Moving against 374Water Stock
| 0.88 | BE | Bloom Energy Corp | PairCorr |
| 0.76 | AL | Air Lease | PairCorr |
| 0.75 | CECO | CECO Environmental Corp | PairCorr |
| 0.68 | FSS | Federal Signal | PairCorr |
| 0.68 | BR | Broadridge Financial | PairCorr |
The ability to find closely correlated positions to 374Water Common could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 374Water Common when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back 374Water Common - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling 374Water Common Stock to buy it.
The correlation of 374Water Common is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as 374Water Common moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 374Water Common Stock moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for 374Water Common can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out 374Water Common Correlation, 374Water Common Volatility and 374Water Common Alpha and Beta module to complement your research on 374Water Common. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
374Water Common 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.