Sphere 3d Corp Stock Technical Analysis
| ANY Stock | USD 1.09 0.03 2.83% |
As of the 19th of April, Sphere 3D has the Variance of 60.55, coefficient of variation of (1,357), and Risk Adjusted Performance of (0.04). Sphere 3D technical analysis provides you with a way to harness past market data to determine a pattern that measures the direction of the company's future prices. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to interpolate thirteen technical drivers for Sphere 3D Corp, which can be compared to its competition. Please validate Sphere 3D Corp mean deviation and maximum drawdown to decide if Sphere 3D is priced more or less accurately, providing market reflects its prevalent price of 1.09 per share. Given that Sphere 3D Corp is a hitting penny stock territory we recommend to closely look at its jensen alpha.
Sphere 3D Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Sphere, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to SphereSphere |
Sphere 3D Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 10.0 | Buy | 1 | Odds |
Most Sphere analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Sphere stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Sphere 3D Corp, talking to its executives and customers, or listening to Sphere conference calls.
Sphere 3D 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.
Sphere 3D Corp Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Sphere 3D Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Sphere 3D Corp Trend Analysis
Use this graph to draw trend lines for Sphere 3D Corp. You can use it to identify possible trend reversals for Sphere 3D as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Sphere 3D price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Sphere 3D Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Sphere 3D Corp applied against its price change over selected period. The best fit line has a slop of 0.02 , which may imply that the returns on investment in Sphere 3D Corp will continue to fail. It has 122 observation points and a regression sum of squares at 18.39, which is the sum of squared deviations for the predicted Sphere 3D price change compared to its average price change.About Sphere 3D Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Sphere 3D Corp on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Sphere 3D Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Sphere 3D Corp price pattern first instead of the macroeconomic environment surrounding Sphere 3D Corp. By analyzing Sphere 3D's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Sphere 3D's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Sphere 3D specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2023 | 2024 (projected) | Dividend Yield | 0.002122 | 0.001886 | Price To Sales Ratio | 1.84 | 1.75 |
Sphere 3D April 19, 2024 Technical Indicators
Most technical analysis of Sphere help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Sphere from various momentum indicators to cycle indicators. When you analyze Sphere charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.04) | |||
| Market Risk Adjusted Performance | (0.13) | |||
| Mean Deviation | 5.88 | |||
| Coefficient Of Variation | (1,357) | |||
| Standard Deviation | 7.78 | |||
| Variance | 60.55 | |||
| Information Ratio | (0.08) | |||
| Jensen Alpha | (0.83) | |||
| Total Risk Alpha | (1.32) | |||
| Treynor Ratio | (0.14) | |||
| Maximum Drawdown | 40.28 | |||
| Value At Risk | (10.24) | |||
| Potential Upside | 14.62 | |||
| Skewness | 0.9208 | |||
| Kurtosis | 1.08 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sphere 3D Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Complementary Tools for Sphere Stock analysis
When running Sphere 3D's price analysis, check to measure Sphere 3D'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 Sphere 3D is operating at the current time. Most of Sphere 3D's value examination focuses on studying past and present price action to predict the probability of Sphere 3D's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sphere 3D's price. Additionally, you may evaluate how the addition of Sphere 3D to your portfolios can decrease your overall portfolio volatility.
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Is Sphere 3D's industry 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 Sphere 3D. If investors know Sphere 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 Sphere 3D listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.93) | Revenue Per Share 1.806 | Quarterly Revenue Growth 4.385 | Return On Assets (0.17) | Return On Equity (0.42) |
The market value of Sphere 3D Corp is measured differently than its book value, which is the value of Sphere that is recorded on the company's balance sheet. Investors also form their own opinion of Sphere 3D's value that differs from its market value or its book value, called intrinsic value, which is Sphere 3D'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 Sphere 3D's market value can be influenced by many factors that don't directly affect Sphere 3D'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 Sphere 3D's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sphere 3D is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sphere 3D'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.