Sharp Stock Market Value
| SHCAF Stock | USD 5.13 0.00 0.00% |
| Symbol | Sharp |
Sharp '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 Sharp's pink sheet 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 Sharp.
| 04/29/2022 |
| 04/18/2024 |
If you would invest 0.00 in Sharp on April 29, 2022 and sell it all today you would earn a total of 0.00 from holding Sharp or generate 0.0% return on investment in Sharp over 720 days. Sharp is related to or competes with LG Display, Sonos, Vizio Holding, Sharp Corp, Apple, Universal Electronics, and VOXX International. Sharp Corporation manufactures and sells telecommunication equipment, electric and electronic application equipment, and... More
Sharp 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 Sharp's pink sheet 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 Sharp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 16.86 |
Sharp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sharp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sharp's standard deviation. In reality, there are many statistical measures that can use Sharp historical prices to predict the future Sharp's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.45) | |||
| Total Risk Alpha | (0.63) | |||
| Treynor Ratio | (4.04) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sharp'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.
Sharp Backtested Returns
Sharp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.18, which indicates the firm had a -0.18% return per unit of risk over the last 3 months. Sharp exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sharp's Coefficient Of Variation of (577.86), variance of 6.43, and Risk Adjusted Performance of (0.10) to confirm the risk estimate we provide. The entity has a beta of 0.11, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sharp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sharp is expected to be smaller as well. Sharp has an expected return of -0.47%. Please make sure to validate Sharp variance, as well as the relationship between the maximum drawdown and rate of daily change , to decide if Sharp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.42 |
Average predictability
Sharp has average predictability. Overlapping area represents the amount of predictability between Sharp time series from 29th of April 2022 to 24th of April 2023 and 24th of April 2023 to 18th of April 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 Sharp price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Sharp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.34 |
Sharp lagged returns against current returns
Autocorrelation, which is Sharp pink sheet'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 Sharp's pink sheet expected returns. We can calculate the autocorrelation of Sharp returns to help us make a trade decision. For example, suppose you find that Sharp has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Sharp 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 Sharp pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sharp pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sharp pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Sharp Lagged Returns
When evaluating Sharp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sharp pink sheet have on its future price. Sharp 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, Sharp autocorrelation shows the relationship between Sharp pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Sharp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Sharp Correlation, Sharp Volatility and Sharp Alpha and Beta module to complement your research on Sharp. Note that the Sharp information on this page should be used as a complementary analysis to other Sharp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Complementary Tools for Sharp Pink Sheet analysis
When running Sharp's price analysis, check to measure Sharp'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 Sharp is operating at the current time. Most of Sharp's value examination focuses on studying past and present price action to predict the probability of Sharp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sharp's price. Additionally, you may evaluate how the addition of Sharp to your portfolios can decrease your overall portfolio volatility.
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Sharp technical pink sheet 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, pink sheet market cycles, or different charting patterns.