Sono Tek Corp Stock Market Value
| SOTK Stock | USD 3.93 0.11 2.88% |
| Symbol | Sono |
Sono Tek Corp Price To Book Ratio
Is Electronic Equipment, Instruments & 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 Sono Tek. If investors know Sono 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 Sono Tek listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.56) | Earnings Share 0.07 | Revenue Per Share | Quarterly Revenue Growth (0.09) | Return On Assets |
The market value of Sono Tek Corp is measured differently than its book value, which is the value of Sono that is recorded on the company's balance sheet. Investors also form their own opinion of Sono Tek's value that differs from its market value or its book value, called intrinsic value, which is Sono Tek'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 Sono Tek's market value can be influenced by many factors that don't directly affect Sono Tek'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 Sono Tek's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sono Tek is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sono Tek'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.
Sono Tek '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 Sono Tek'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 Sono Tek.
| 01/18/2025 |
| 02/17/2025 |
If you would invest 0.00 in Sono Tek on January 18, 2025 and sell it all today you would earn a total of 0.00 from holding Sono Tek Corp or generate 0.0% return on investment in Sono Tek over 30 days. Sono Tek is related to or competes with Novanta, ESCO Technologies, Vontier Corp, Sensata Technologies, Electro Sensors, Vishay Precision, and Keyence. Sono-Tek Corporation designs and manufactures ultrasonic coating systems for applying on parts and components for the mi... More
Sono Tek 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 Sono Tek'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 Sono Tek Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 18.96 | |||
| Value At Risk | (4.73) | |||
| Potential Upside | 4.77 |
Sono Tek Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sono Tek's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sono Tek's standard deviation. In reality, there are many statistical measures that can use Sono Tek historical prices to predict the future Sono Tek's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | (0.12) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sono Tek'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.
Sono Tek Corp Backtested Returns
Sono Tek Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0523, which indicates the firm had a -0.0523 % return per unit of risk over the last 3 months. Sono Tek Corp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sono Tek's Coefficient Of Variation of (2,698), variance of 9.74, and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The entity has a beta of 1.02, which indicates a somewhat significant risk relative to the market. Sono Tek returns are very sensitive to returns on the market. As the market goes up or down, Sono Tek is expected to follow. At this point, Sono Tek Corp has a negative expected return of -0.17%. Please make sure to validate Sono Tek's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Sono Tek Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.1 |
Very weak reverse predictability
Sono Tek Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between Sono Tek time series from 18th of January 2025 to 2nd of February 2025 and 2nd of February 2025 to 17th of February 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 Sono Tek Corp price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Sono Tek price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Sono Tek Corp lagged returns against current returns
Autocorrelation, which is Sono Tek 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 Sono Tek's stock expected returns. We can calculate the autocorrelation of Sono Tek returns to help us make a trade decision. For example, suppose you find that Sono Tek 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 |
Sono Tek 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 Sono Tek stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sono Tek stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sono Tek stock over time.
Current vs Lagged Prices |
| Timeline |
Sono Tek Lagged Returns
When evaluating Sono Tek's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sono Tek stock have on its future price. Sono Tek 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, Sono Tek autocorrelation shows the relationship between Sono Tek stock current value and its past values and can show if there is a momentum factor associated with investing in Sono Tek Corp.
Regressed Prices |
| Timeline |
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Sono Tek 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.