Connexa Sports Technologies Stock Market Value
| YYAI Stock | 1.32 0.01 0.76% |
| Symbol | Connexa |
Connexa Sports Techn Price To Book Ratio
Is Apparel, Accessories & Luxury Goods 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 Connexa Sports. If investors know Connexa 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 Connexa Sports 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 Connexa Sports Techn is measured differently than its book value, which is the value of Connexa that is recorded on the company's balance sheet. Investors also form their own opinion of Connexa Sports' value that differs from its market value or its book value, called intrinsic value, which is Connexa Sports' 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 Connexa Sports' market value can be influenced by many factors that don't directly affect Connexa Sports' 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 Connexa Sports' value and its price as these two are different measures arrived at by different means. Investors typically determine if Connexa Sports is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Connexa Sports' 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.
Connexa Sports '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 Connexa Sports' 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 Connexa Sports.
| 12/09/2024 |
| 01/08/2025 |
If you would invest 0.00 in Connexa Sports on December 9, 2024 and sell it all today you would earn a total of 0.00 from holding Connexa Sports Technologies or generate 0.0% return on investment in Connexa Sports over 30 days. Connexa Sports is related to or competes with Vestis, National CineMedia, Dave Busters, FTAI Aviation, Fortress Transp, Space Communication, and Air Lease. Connexa Sports is entity of United States More
Connexa Sports 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 Connexa Sports' 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 Connexa Sports Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 81.69 | |||
| Value At Risk | (25.04) | |||
| Potential Upside | 13.11 |
Connexa Sports Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Connexa Sports' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Connexa Sports' standard deviation. In reality, there are many statistical measures that can use Connexa Sports historical prices to predict the future Connexa Sports' volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (1.71) | |||
| Total Risk Alpha | (1.70) | |||
| Treynor Ratio | (23.66) |
Connexa Sports Techn Backtested Returns
Connexa Sports Techn secures Sharpe Ratio (or Efficiency) of -0.17, which signifies that the company had a -0.17% return per unit of risk over the last 3 months. Connexa Sports Technologies exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Connexa Sports' Standard Deviation of 11.83, mean deviation of 7.38, and Risk Adjusted Performance of (0.11) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0722, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Connexa Sports' returns are expected to increase less than the market. However, during the bear market, the loss of holding Connexa Sports is expected to be smaller as well. At this point, Connexa Sports Techn has a negative expected return of -1.95%. Please make sure to confirm Connexa Sports' total risk alpha, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Connexa Sports Techn performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.88 |
Excellent reverse predictability
Connexa Sports Technologies has excellent reverse predictability. Overlapping area represents the amount of predictability between Connexa Sports 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 Connexa Sports Techn price movement. The serial correlation of -0.88 indicates that approximately 88.0% of current Connexa Sports price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.88 | |
| Spearman Rank Test | -0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Connexa Sports Techn lagged returns against current returns
Autocorrelation, which is Connexa Sports 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 Connexa Sports' stock expected returns. We can calculate the autocorrelation of Connexa Sports returns to help us make a trade decision. For example, suppose you find that Connexa Sports 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 |
Connexa Sports 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 Connexa Sports stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Connexa Sports stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Connexa Sports stock over time.
Current vs Lagged Prices |
| Timeline |
Connexa Sports Lagged Returns
When evaluating Connexa Sports' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Connexa Sports stock have on its future price. Connexa Sports 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, Connexa Sports autocorrelation shows the relationship between Connexa Sports stock current value and its past values and can show if there is a momentum factor associated with investing in Connexa Sports Technologies.
Regressed Prices |
| Timeline |
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Check out Connexa Sports Correlation, Connexa Sports Volatility and Connexa Sports Alpha and Beta module to complement your research on Connexa Sports. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Connexa Sports 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.