Solid Power Stock Market Value
| SLDPW Stock | USD 0.12 0.01 9.09% |
| 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 (46.38) | 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.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Solid Power on October 30, 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 Solid Power, and EVgo Equity. Solid Power Inc. develops all-solid-state battery cells for electric vehicles and mobile power markets in the United Sta... 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 | (0.02) | |||
| Maximum Drawdown | 38.15 | |||
| Value At Risk | (17.27) | |||
| Potential Upside | 17.1 |
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 | 0.0062 | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (1.59) | |||
| Treynor Ratio | (0.05) |
Solid Power Backtested Returns
At this stage we consider Solid Stock to be out of control. Solid Power owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.009, which indicates the firm had a 0.009% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Solid Power, which you can use to evaluate the volatility of the company. Please validate Solid Power's Variance of 104.8, coefficient of variation of (24,744), and Risk Adjusted Performance of 0.0062 to confirm if the risk estimate we provide is consistent with the expected return of 0.0936%. The entity has a beta of 1.09, which indicates a somewhat significant risk relative to the market. Solid Power returns are very sensitive to returns on the market. As the market goes up or down, Solid Power is expected to follow. Solid Power right now has a risk of 10.41%. Please validate Solid Power total risk alpha, kurtosis, as well as the relationship between the Kurtosis and price action indicator , to decide if Solid Power will be following its existing price patterns.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Solid Power has insignificant reverse predictability. Overlapping area represents the amount of predictability between Solid Power time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 -0.17 indicates that over 17.0% of current Solid Power price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.19 | |
| 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 |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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.