SinglePoint Market Value
| SINGDelisted Stock | USD 0.04 0.01 38.46% |
| Symbol | SinglePoint |
SinglePoint '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 SinglePoint's pink sheet 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 SinglePoint.
| 12/10/2023 |
| 12/04/2024 |
If you would invest 0.00 in SinglePoint on December 10, 2023 and sell it all today you would earn a total of 0.00 from holding SinglePoint or generate 0.0% return on investment in SinglePoint over 360 days. SinglePoint is related to or competes with FTC Solar, Ascent Solar, VivoPower International, SPI Energy, and GCL Poly. SinglePoint Inc. focuses on providing renewable energy solutions and energy-efficient applications in the United States More
SinglePoint 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 SinglePoint's pink sheet 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 SinglePoint upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 150.0 | |||
| Value At Risk | (25.00) | |||
| Potential Upside | 34.15 |
SinglePoint Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SinglePoint's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SinglePoint's standard deviation. In reality, there are many statistical measures that can use SinglePoint historical prices to predict the future SinglePoint's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (2.30) | |||
| Total Risk Alpha | (5.59) | |||
| Treynor Ratio | 17.15 |
SinglePoint Backtested Returns
SinglePoint owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.056, which indicates the firm had a -0.056% return per unit of risk over the last 3 months. SinglePoint exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SinglePoint's Variance of 585.51, risk adjusted performance of (0.06), and Coefficient Of Variation of (1,051) to confirm the risk estimate we provide. The entity has a beta of -0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning SinglePoint are expected to decrease at a much lower rate. During the bear market, SinglePoint is likely to outperform the market. At this point, SinglePoint has a negative expected return of -1.39%. Please make sure to validate SinglePoint's skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if SinglePoint performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.63 |
Good predictability
SinglePoint has good predictability. Overlapping area represents the amount of predictability between SinglePoint time series from 10th of December 2023 to 7th of June 2024 and 7th of June 2024 to 4th 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 SinglePoint price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current SinglePoint price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 53.75 |
SinglePoint lagged returns against current returns
Autocorrelation, which is SinglePoint pink sheet'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 SinglePoint's pink sheet expected returns. We can calculate the autocorrelation of SinglePoint returns to help us make a trade decision. For example, suppose you find that SinglePoint has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
SinglePoint 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 SinglePoint pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SinglePoint pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SinglePoint pink sheet over time.
Current vs Lagged Prices |
| Timeline |
SinglePoint Lagged Returns
When evaluating SinglePoint's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SinglePoint pink sheet have on its future price. SinglePoint 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, SinglePoint autocorrelation shows the relationship between SinglePoint pink sheet current value and its past values and can show if there is a momentum factor associated with investing in SinglePoint.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out SinglePoint Correlation, SinglePoint Volatility and SinglePoint Alpha and Beta module to complement your research on SinglePoint. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Other Consideration for investing in SinglePoint Pink Sheet
If you are still planning to invest in SinglePoint check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the SinglePoint's history and understand the potential risks before investing.
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