Shimmick Common Stock Market Value
| SHIM Stock | 3.15 0.18 6.06% |
| Symbol | Shimmick |
Shimmick Common Price To Book Ratio
Is Construction & Engineering 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 Shimmick Common. If investors know Shimmick 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 Shimmick 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 (3.08) | Revenue Per Share 21.127 | Quarterly Revenue Growth (0.42) | Return On Assets (0.15) | Return On Equity (4.02) |
The market value of Shimmick Common is measured differently than its book value, which is the value of Shimmick that is recorded on the company's balance sheet. Investors also form their own opinion of Shimmick Common's value that differs from its market value or its book value, called intrinsic value, which is Shimmick 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 Shimmick Common's market value can be influenced by many factors that don't directly affect Shimmick 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 Shimmick Common's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shimmick Common is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shimmick 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.
Shimmick 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 Shimmick 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 Shimmick Common.
| 09/30/2024 |
| 12/29/2024 |
If you would invest 0.00 in Shimmick Common on September 30, 2024 and sell it all today you would earn a total of 0.00 from holding Shimmick Common or generate 0.0% return on investment in Shimmick Common over 90 days. Shimmick Common is related to or competes with Innovate Corp, Energy Services, and Everus Construction. Shimmick Common is entity of United States More
Shimmick 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 Shimmick 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 Shimmick Common upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.42 | |||
| Information Ratio | 0.081 | |||
| Maximum Drawdown | 25.87 | |||
| Value At Risk | (6.64) | |||
| Potential Upside | 9.71 |
Shimmick Common Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shimmick Common's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shimmick Common's standard deviation. In reality, there are many statistical measures that can use Shimmick Common historical prices to predict the future Shimmick Common's volatility.| Risk Adjusted Performance | 0.0778 | |||
| Jensen Alpha | 0.4475 | |||
| Total Risk Alpha | 0.3127 | |||
| Sortino Ratio | 0.1001 | |||
| Treynor Ratio | 0.5988 |
Shimmick Common Backtested Returns
Shimmick Common appears to be very risky, given 3 months investment horizon. Shimmick Common owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0957, which indicates the firm had a 0.0957% return per unit of risk over the last 3 months. By inspecting Shimmick Common's technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please review Shimmick Common's Semi Deviation of 4.04, coefficient of variation of 1150.6, and Risk Adjusted Performance of 0.0778 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shimmick Common holds a performance score of 7. The entity has a beta of 0.78, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Shimmick Common's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shimmick Common is expected to be smaller as well. Please check Shimmick Common's semi variance, and the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether Shimmick Common's existing price patterns will revert.
Auto-correlation | -0.49 |
Modest reverse predictability
Shimmick Common has modest reverse predictability. Overlapping area represents the amount of predictability between Shimmick Common time series from 30th of September 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Shimmick Common price movement. The serial correlation of -0.49 indicates that about 49.0% of current Shimmick Common price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
Shimmick Common lagged returns against current returns
Autocorrelation, which is Shimmick 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 Shimmick Common's stock expected returns. We can calculate the autocorrelation of Shimmick Common returns to help us make a trade decision. For example, suppose you find that Shimmick 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 |
Shimmick 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 Shimmick Common stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shimmick Common stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shimmick Common stock over time.
Current vs Lagged Prices |
| Timeline |
Shimmick Common Lagged Returns
When evaluating Shimmick Common's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shimmick Common stock have on its future price. Shimmick 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, Shimmick Common autocorrelation shows the relationship between Shimmick Common stock current value and its past values and can show if there is a momentum factor associated with investing in Shimmick Common.
Regressed Prices |
| Timeline |
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Shimmick 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.