Shape Robotics (Denmark) Market Value
| SHAPE Stock | DKK 15.55 1.10 7.61% |
| Symbol | Shape |
Shape Robotics '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 Shape Robotics' 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 Shape Robotics.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Shape Robotics on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Shape Robotics AS or generate 0.0% return on investment in Shape Robotics over 90 days. Shape Robotics is related to or competes with FOM Technologies, CBrain AS, Green Hydrogen, and BioPorto. Shape Robotics AS, an educational technology company, develops robot systems for education purpose worldwide More
Shape Robotics 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 Shape Robotics' 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 Shape Robotics AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 25.44 | |||
| Value At Risk | (4.72) | |||
| Potential Upside | 6.57 |
Shape Robotics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shape Robotics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shape Robotics' standard deviation. In reality, there are many statistical measures that can use Shape Robotics historical prices to predict the future Shape Robotics' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | 0.2486 | |||
| Treynor Ratio | (27.76) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Shape Robotics' 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.
Shape Robotics AS Backtested Returns
Shape Robotics AS owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0599, which indicates the firm had a -0.0599 % return per unit of risk over the last 3 months. Shape Robotics AS exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shape Robotics' Coefficient Of Variation of (1,669), risk adjusted performance of (0.04), and Variance of 15.66 to confirm the risk estimate we provide. The entity has a beta of 0.0089, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Shape Robotics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Shape Robotics is expected to be smaller as well. At this point, Shape Robotics AS has a negative expected return of -0.24%. Please make sure to validate Shape Robotics' potential upside, and the relationship between the total risk alpha and daily balance of power , to decide if Shape Robotics AS performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.11 |
Insignificant predictability
Shape Robotics AS has insignificant predictability. Overlapping area represents the amount of predictability between Shape Robotics time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Shape Robotics AS price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Shape Robotics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 1.04 |
Shape Robotics AS lagged returns against current returns
Autocorrelation, which is Shape Robotics 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 Shape Robotics' stock expected returns. We can calculate the autocorrelation of Shape Robotics returns to help us make a trade decision. For example, suppose you find that Shape Robotics 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 |
Shape Robotics 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 Shape Robotics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shape Robotics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shape Robotics stock over time.
Current vs Lagged Prices |
| Timeline |
Shape Robotics Lagged Returns
When evaluating Shape Robotics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shape Robotics stock have on its future price. Shape Robotics 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, Shape Robotics autocorrelation shows the relationship between Shape Robotics stock current value and its past values and can show if there is a momentum factor associated with investing in Shape Robotics AS.
Regressed Prices |
| Timeline |
Pair Trading with Shape Robotics
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 Shape Robotics 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 Shape Robotics will appreciate offsetting losses from the drop in the long position's value.Moving against Shape Stock
The ability to find closely correlated positions to Shape Robotics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shape Robotics 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 Shape Robotics - 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 Shape Robotics AS to buy it.
The correlation of Shape Robotics 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 Shape Robotics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Shape Robotics AS 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 Shape Robotics 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.Other Information on Investing in Shape Stock
Shape Robotics financial ratios help investors to determine whether Shape Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Shape with respect to the benefits of owning Shape Robotics security.