Soundhound Ai Stock Market Value
| SOUNW Stock | USD 3.80 0.20 5.56% |
| Symbol | SoundHound |
SoundHound AI Price To Book Ratio
Is Application Software 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 SoundHound. If investors know SoundHound 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 SoundHound listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (6.57) | Revenue Per Share 0.219 | Quarterly Revenue Growth 0.891 | Return On Assets (0.18) | Return On Equity (0.68) |
The market value of SoundHound AI is measured differently than its book value, which is the value of SoundHound that is recorded on the company's balance sheet. Investors also form their own opinion of SoundHound's value that differs from its market value or its book value, called intrinsic value, which is SoundHound'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 SoundHound's market value can be influenced by many factors that don't directly affect SoundHound'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 SoundHound's value and its price as these two are different measures arrived at by different means. Investors typically determine if SoundHound is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SoundHound'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.
SoundHound '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 SoundHound'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 SoundHound.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in SoundHound on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding SoundHound AI or generate 0.0% return on investment in SoundHound over 30 days. SoundHound is related to or competes with Dave Warrants, and Guardforce. SoundHound AI, Inc. develops voice-enabled artificial intelligence and conversational intelligence technology solutions More
SoundHound 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 SoundHound'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 SoundHound AI upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.9 | |||
| Information Ratio | 0.1734 | |||
| Maximum Drawdown | 37.82 | |||
| Value At Risk | (6.77) | |||
| Potential Upside | 14.81 |
SoundHound Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SoundHound's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SoundHound's standard deviation. In reality, there are many statistical measures that can use SoundHound historical prices to predict the future SoundHound's volatility.| Risk Adjusted Performance | 0.1551 | |||
| Jensen Alpha | 0.9077 | |||
| Total Risk Alpha | 0.3374 | |||
| Sortino Ratio | 0.2184 | |||
| Treynor Ratio | 0.457 |
SoundHound AI Backtested Returns
SoundHound is very risky given 3 months investment horizon. SoundHound AI owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.2, which indicates the firm had a 0.2% return per unit of risk over the last 3 months. We were able to interpolate thirty different technical indicators, which can help you to evaluate if expected returns of 1.26% are justified by taking the suggested risk. Use SoundHound AI Risk Adjusted Performance of 0.1551, coefficient of variation of 521.48, and Semi Deviation of 4.16 to evaluate company specific risk that cannot be diversified away. SoundHound holds a performance score of 16 on a scale of zero to a hundred. The entity has a beta of 2.57, 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, SoundHound will likely underperform. Use SoundHound AI semi variance, as well as the relationship between the rate of daily change and relative strength index , to analyze future returns on SoundHound AI.
Auto-correlation | 0.41 |
Average predictability
SoundHound AI has average predictability. Overlapping area represents the amount of predictability between SoundHound time series from 4th of November 2024 to 19th of November 2024 and 19th of November 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 SoundHound AI price movement. The serial correlation of 0.41 indicates that just about 41.0% of current SoundHound price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.31 |
SoundHound AI lagged returns against current returns
Autocorrelation, which is SoundHound 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 SoundHound's stock expected returns. We can calculate the autocorrelation of SoundHound returns to help us make a trade decision. For example, suppose you find that SoundHound 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 |
SoundHound 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 SoundHound stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SoundHound stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SoundHound stock over time.
Current vs Lagged Prices |
| Timeline |
SoundHound Lagged Returns
When evaluating SoundHound's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SoundHound stock have on its future price. SoundHound 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, SoundHound autocorrelation shows the relationship between SoundHound stock current value and its past values and can show if there is a momentum factor associated with investing in SoundHound AI.
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 SoundHound Stock Analysis
When running SoundHound's price analysis, check to measure SoundHound'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 SoundHound is operating at the current time. Most of SoundHound's value examination focuses on studying past and present price action to predict the probability of SoundHound's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SoundHound's price. Additionally, you may evaluate how the addition of SoundHound to your portfolios can decrease your overall portfolio volatility.