Solarmax Technology Common Stock Market Value
| SMXT Stock | 1.48 0.35 19.13% |
| Symbol | Solarmax |
Solarmax Technology Price To Book Ratio
Is Electrical Components & Equipment 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 Solarmax Technology. If investors know Solarmax 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 Solarmax Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Solarmax Technology is measured differently than its book value, which is the value of Solarmax that is recorded on the company's balance sheet. Investors also form their own opinion of Solarmax Technology's value that differs from its market value or its book value, called intrinsic value, which is Solarmax Technology'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 Solarmax Technology's market value can be influenced by many factors that don't directly affect Solarmax Technology'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 Solarmax Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Solarmax Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Solarmax Technology'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.
Solarmax Technology '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 Solarmax Technology'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 Solarmax Technology.
| 12/09/2024 |
| 01/08/2025 |
If you would invest 0.00 in Solarmax Technology on December 9, 2024 and sell it all today you would earn a total of 0.00 from holding Solarmax Technology Common or generate 0.0% return on investment in Solarmax Technology over 30 days. Solarmax Technology is related to or competes with Vodka Brands, Willamette Valley, Tenaris SA, Borr Drilling, Patterson UTI, Brandywine Realty, and Helmerich. Solarmax Technology is entity of United States More
Solarmax Technology 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 Solarmax Technology'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 Solarmax Technology Common upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.62 | |||
| Information Ratio | 0.2191 | |||
| Maximum Drawdown | 51.05 | |||
| Value At Risk | (11.21) | |||
| Potential Upside | 17.06 |
Solarmax Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Solarmax Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Solarmax Technology's standard deviation. In reality, there are many statistical measures that can use Solarmax Technology historical prices to predict the future Solarmax Technology's volatility.| Risk Adjusted Performance | 0.1889 | |||
| Jensen Alpha | 1.99 | |||
| Total Risk Alpha | 1.8 | |||
| Sortino Ratio | 0.2297 | |||
| Treynor Ratio | 3.09 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Solarmax Technology'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.
Solarmax Technology Backtested Returns
Solarmax Technology is abnormally volatile given 3 months investment horizon. Solarmax Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the firm had a 0.14% return per unit of risk over the last 3 months. We have analyzed and interpolated twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.26% are justified by taking the suggested risk. Use Solarmax Technology Coefficient Of Variation of 450.11, semi deviation of 7.38, and Risk Adjusted Performance of 0.1889 to evaluate company specific risk that cannot be diversified away. Solarmax Technology holds a performance score of 10 on a scale of zero to a hundred. The entity has a beta of 0.65, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Solarmax Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Solarmax Technology is expected to be smaller as well. Use Solarmax Technology value at risk, as well as the relationship between the kurtosis and price action indicator , to analyze future returns on Solarmax Technology.
Auto-correlation | -0.5 |
Modest reverse predictability
Solarmax Technology Common has modest reverse predictability. Overlapping area represents the amount of predictability between Solarmax Technology time series from 9th of December 2024 to 24th of December 2024 and 24th of December 2024 to 8th of January 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 Solarmax Technology price movement. The serial correlation of -0.5 indicates that about 50.0% of current Solarmax Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Solarmax Technology lagged returns against current returns
Autocorrelation, which is Solarmax Technology 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 Solarmax Technology's stock expected returns. We can calculate the autocorrelation of Solarmax Technology returns to help us make a trade decision. For example, suppose you find that Solarmax Technology 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 |
Solarmax Technology 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 Solarmax Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Solarmax Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Solarmax Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Solarmax Technology Lagged Returns
When evaluating Solarmax Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Solarmax Technology stock have on its future price. Solarmax Technology 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, Solarmax Technology autocorrelation shows the relationship between Solarmax Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Solarmax Technology Common.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Solarmax Stock Analysis
When running Solarmax Technology's price analysis, check to measure Solarmax Technology'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 Solarmax Technology is operating at the current time. Most of Solarmax Technology's value examination focuses on studying past and present price action to predict the probability of Solarmax Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Solarmax Technology's price. Additionally, you may evaluate how the addition of Solarmax Technology to your portfolios can decrease your overall portfolio volatility.