Solid Power Stock Market Value
| SLDP Stock | USD 1.12 0.01 0.90% |
| Symbol | Solid |
Solid Power 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 Solid Power. If investors know Solid 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 Solid Power listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.48) | Revenue Per Share 0.101 | Quarterly Revenue Growth (0.27) | Return On Assets (0.13) | Return On Equity (0.18) |
The market value of Solid Power is measured differently than its book value, which is the value of Solid that is recorded on the company's balance sheet. Investors also form their own opinion of Solid Power's value that differs from its market value or its book value, called intrinsic value, which is Solid Power'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 Solid Power's market value can be influenced by many factors that don't directly affect Solid Power'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 Solid Power's value and its price as these two are different measures arrived at by different means. Investors typically determine if Solid Power is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Solid Power'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.
Solid Power '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 Solid Power'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 Solid Power.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Solid Power on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Solid Power or generate 0.0% return on investment in Solid Power over 30 days. Solid Power is related to or competes with Plug Power, FREYR Battery, FuelCell Energy, Enovix Corp, Microvast Holdings, Eos Energy, and Chardan NexTech. Solid Power, Inc. focuses on the development and commercialization of all-solid-state battery cells and solid electrolyt... More
Solid Power 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 Solid Power'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 Solid Power upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 19.18 | |||
| Value At Risk | (6.19) | |||
| Potential Upside | 5.45 |
Solid Power Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Solid Power's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Solid Power's standard deviation. In reality, there are many statistical measures that can use Solid Power historical prices to predict the future Solid Power's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.54) | |||
| Total Risk Alpha | (0.89) | |||
| Treynor Ratio | (0.24) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Solid Power'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.
Solid Power Backtested Returns
Solid Power owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0958, which indicates the firm had a -0.0958% return per unit of risk over the last 3 months. Solid Power exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Solid Power's Coefficient Of Variation of (964.35), variance of 11.29, and Risk Adjusted Performance of (0.07) to confirm the risk estimate we provide. The entity has a beta of 1.51, which indicates 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, Solid Power will likely underperform. At this point, Solid Power has a negative expected return of -0.33%. Please make sure to validate Solid Power's total risk alpha, skewness, as well as the relationship between the Skewness and day median price , to decide if Solid Power performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Solid Power has insignificant reverse predictability. Overlapping area represents the amount of predictability between Solid Power time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 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 Solid Power price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Solid Power price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Solid Power lagged returns against current returns
Autocorrelation, which is Solid Power 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 Solid Power's stock expected returns. We can calculate the autocorrelation of Solid Power returns to help us make a trade decision. For example, suppose you find that Solid Power 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 |
Solid Power 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 Solid Power stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Solid Power stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Solid Power stock over time.
Current vs Lagged Prices |
| Timeline |
Solid Power Lagged Returns
When evaluating Solid Power's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Solid Power stock have on its future price. Solid Power 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, Solid Power autocorrelation shows the relationship between Solid Power stock current value and its past values and can show if there is a momentum factor associated with investing in Solid Power.
Regressed Prices |
| Timeline |
Pair Trading with Solid Power
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 Solid Power 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 Solid Power will appreciate offsetting losses from the drop in the long position's value.Moving together with Solid Stock
Moving against Solid Stock
| 0.82 | ALSN | Allison Transmission | PairCorr |
| 0.79 | GBX | Greenbrier Companies | PairCorr |
| 0.78 | VMI | Valmont Industries | PairCorr |
| 0.74 | HON | Honeywell International | PairCorr |
| 0.72 | WAB | Westinghouse Air Brake | PairCorr |
The ability to find closely correlated positions to Solid Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Solid Power 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 Solid Power - 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 Solid Power to buy it.
The correlation of Solid Power 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 Solid Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Solid Power 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 Solid Power 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.Additional Tools for Solid Stock Analysis
When running Solid Power's price analysis, check to measure Solid Power's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Solid Power is operating at the current time. Most of Solid Power's value examination focuses on studying past and present price action to predict the probability of Solid Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Solid Power's price. Additionally, you may evaluate how the addition of Solid Power to your portfolios can decrease your overall portfolio volatility.