Sotera Health Co Stock Market Value
| SHC Stock | USD 11.20 0.01 0.09% |
| Symbol | Sotera |
Sotera Health Price To Book Ratio
Is Sotera Health'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 Sotera Health. If investors know Sotera 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 Sotera Health 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 1 | Earnings Share 0.19 | Revenue Per Share 3.828 | Quarterly Revenue Growth 0.125 | Return On Assets 0.0707 |
The market value of Sotera Health is measured differently than its book value, which is the value of Sotera that is recorded on the company's balance sheet. Investors also form their own opinion of Sotera Health's value that differs from its market value or its book value, called intrinsic value, which is Sotera Health'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 Sotera Health's market value can be influenced by many factors that don't directly affect Sotera Health'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 Sotera Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sotera Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sotera Health'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.
Sotera Health '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 Sotera Health'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 Sotera Health.
| 03/28/2024 |
| 05/27/2024 |
If you would invest 0.00 in Sotera Health on March 28, 2024 and sell it all today you would earn a total of 0.00 from holding Sotera Health Co or generate 0.0% return on investment in Sotera Health over 60 days. Sotera Health is related to or competes with Neogen, Myriad Genetics, BioAffinity Technologies, BiodesixInc, Fonar, and Qiagen NV. Sotera Health Company provides sterilization, and lab testing and advisory services in the United States, Canada, Europe... More
Sotera Health 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 Sotera Health'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 Sotera Health Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 15.37 | |||
| Value At Risk | (4.04) | |||
| Potential Upside | 2.95 |
Sotera Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sotera Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sotera Health's standard deviation. In reality, there are many statistical measures that can use Sotera Health historical prices to predict the future Sotera Health's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.57) | |||
| Total Risk Alpha | (0.75) | |||
| Treynor Ratio | (1.65) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sotera Health'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.
Sotera Health Backtested Returns
Sotera Health owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.22, which indicates the firm had a -0.22% return per unit of risk over the last 3 months. Sotera Health Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sotera Health's Coefficient Of Variation of (526.70), risk adjusted performance of (0.10), and Variance of 8.42 to confirm the risk estimate we provide. The entity has a beta of 0.34, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sotera Health's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sotera Health is expected to be smaller as well. Sotera Health has an expected return of -0.64%. Please make sure to validate Sotera Health accumulation distribution, as well as the relationship between the day typical price and relative strength index , to decide if Sotera Health performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Sotera Health Co has insignificant reverse predictability. Overlapping area represents the amount of predictability between Sotera Health time series from 28th of March 2024 to 27th of April 2024 and 27th of April 2024 to 27th of May 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 Sotera Health price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Sotera Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Sotera Health lagged returns against current returns
Autocorrelation, which is Sotera Health 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 Sotera Health's stock expected returns. We can calculate the autocorrelation of Sotera Health returns to help us make a trade decision. For example, suppose you find that Sotera Health 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 |
Sotera Health 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 Sotera Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sotera Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sotera Health stock over time.
Current vs Lagged Prices |
| Timeline |
Sotera Health Lagged Returns
When evaluating Sotera Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sotera Health stock have on its future price. Sotera Health 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, Sotera Health autocorrelation shows the relationship between Sotera Health stock current value and its past values and can show if there is a momentum factor associated with investing in Sotera Health Co.
Regressed Prices |
| Timeline |
Also Currently Popular
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.When determining whether Sotera Health offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Sotera Health's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Sotera Health Co Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Sotera Health Co Stock:Check out Sotera Health Correlation, Sotera Health Volatility and Sotera Health Alpha and Beta module to complement your research on Sotera Health. Note that the Sotera Health information on this page should be used as a complementary analysis to other Sotera Health'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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Complementary Tools for Sotera Stock analysis
When running Sotera Health's price analysis, check to measure Sotera Health'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 Sotera Health is operating at the current time. Most of Sotera Health's value examination focuses on studying past and present price action to predict the probability of Sotera Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sotera Health's price. Additionally, you may evaluate how the addition of Sotera Health to your portfolios can decrease your overall portfolio volatility.
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Sotera Health 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.