Smartmetric Stock Market Value
| SMME Stock | USD 0.0002 0.0001 33.33% |
| Symbol | Smartmetric |
Smartmetric '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 Smartmetric'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 Smartmetric.
| 03/14/2024 |
| 06/12/2024 |
If you would invest 0.00 in Smartmetric on March 14, 2024 and sell it all today you would earn a total of 0.00 from holding Smartmetric or generate 0.0% return on investment in Smartmetric over 90 days. Smartmetric is related to or competes with Telos Corp, Data443 Risk, Taoping, EverCommerce, Paymentus Holdings, and Gen Digital. SmartMetric, Inc., a development stage company, operates in the technology industry More
Smartmetric 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 Smartmetric'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 Smartmetric upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 29.72 | |||
| Information Ratio | 0.0538 | |||
| Maximum Drawdown | 83.33 | |||
| Value At Risk | (33.33) | |||
| Potential Upside | 50.0 |
Smartmetric Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Smartmetric's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Smartmetric's standard deviation. In reality, there are many statistical measures that can use Smartmetric historical prices to predict the future Smartmetric's volatility.| Risk Adjusted Performance | 0.0437 | |||
| Jensen Alpha | 1.32 | |||
| Total Risk Alpha | 1.16 | |||
| Sortino Ratio | 0.044 | |||
| Treynor Ratio | (1.43) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Smartmetric'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.
Smartmetric Backtested Returns
Smartmetric is out of control given 3 months investment horizon. Smartmetric owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0543, which indicates the firm had a 0.0543% return per unit of risk over the last 3 months. We have collected data for twenty-seven different technical indicators, which can help you to evaluate if expected returns of 1.32% are justified by taking the suggested risk. Use Smartmetric Risk Adjusted Performance of 0.0437, coefficient of variation of 1840.6, and Semi Deviation of 16.4 to evaluate company specific risk that cannot be diversified away. Smartmetric holds a performance score of 4 on a scale of zero to a hundred. The entity has a beta of -0.92, which indicates possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Smartmetric are expected to decrease slowly. On the other hand, during market turmoil, Smartmetric is expected to outperform it slightly. Use Smartmetric information ratio, downside variance, day typical price, as well as the relationship between the treynor ratio and kurtosis , to analyze future returns on Smartmetric.
Auto-correlation | 0.18 |
Very weak predictability
Smartmetric has very weak predictability. Overlapping area represents the amount of predictability between Smartmetric time series from 14th of March 2024 to 28th of April 2024 and 28th of April 2024 to 12th of June 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 Smartmetric price movement. The serial correlation of 0.18 indicates that over 18.0% of current Smartmetric price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Smartmetric lagged returns against current returns
Autocorrelation, which is Smartmetric 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 Smartmetric's pink sheet expected returns. We can calculate the autocorrelation of Smartmetric returns to help us make a trade decision. For example, suppose you find that Smartmetric 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 |
Smartmetric 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 Smartmetric pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Smartmetric pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Smartmetric pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Smartmetric Lagged Returns
When evaluating Smartmetric's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Smartmetric pink sheet have on its future price. Smartmetric 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, Smartmetric autocorrelation shows the relationship between Smartmetric pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Smartmetric.
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.Other Information on Investing in Smartmetric Pink Sheet
Smartmetric financial ratios help investors to determine whether Smartmetric Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Smartmetric with respect to the benefits of owning Smartmetric security.