Soundhound Ai Stock Technical Analysis
| SOUN Stock | USD 5.06 0.07 1.40% |
As of the 27th of May, SoundHound has the Coefficient Of Variation of 1229.68, semi deviation of 6.41, and Risk Adjusted Performance of 0.0568. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of SoundHound AI, as well as the relationship between them. 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 are able to break down and analyze data for nineteen technical drivers for SoundHound AI, which can be compared to its competition. Please validate SoundHound AI jensen alpha and semi variance to decide if SoundHound is priced more or less accurately, providing market reflects its prevalent price of 5.06 per share. Given that SoundHound AI has jensen alpha of 0.6669, we advise you to double-check SoundHound AI's current market performance to make sure the company can sustain itself at a future point.
SoundHound Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as SoundHound, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to SoundHoundSoundHound |
SoundHound Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 5.04 | Strong Buy | 6 | Odds |
Most SoundHound 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 SoundHound stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of SoundHound AI, talking to its executives and customers, or listening to SoundHound conference calls.
SoundHound 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.
SoundHound AI Technical Analysis
The output start index for this execution was four with a total number of output elements of fifty-seven. 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 SoundHound AI volatility. High ATR values indicate high volatility, and low values indicate low volatility.
SoundHound AI Trend Analysis
Use this graph to draw trend lines for SoundHound AI. You can use it to identify possible trend reversals for SoundHound 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 SoundHound price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.SoundHound Best Fit Change Line
The following chart estimates an ordinary least squares regression model for SoundHound AI applied against its price change over selected period. The best fit line has a slop of 0.04 , which may suggest that SoundHound AI market price will keep on failing further. It has 122 observation points and a regression sum of squares at 49.48, which is the sum of squared deviations for the predicted SoundHound price change compared to its average price change.About SoundHound 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 SoundHound AI 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 SoundHound AI based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on SoundHound AI price pattern first instead of the macroeconomic environment surrounding SoundHound AI. By analyzing SoundHound'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 SoundHound'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 SoundHound specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Payables Turnover | 1.75 | 3.43 | 6.84 | 7.18 | Days Of Inventory On Hand | 147.05 | 95.59 | 3.0K | 3.2K |
SoundHound May 27, 2024 Technical Indicators
Most technical analysis of SoundHound 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 SoundHound from various momentum indicators to cycle indicators. When you analyze SoundHound 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 | 0.0568 | |||
| Market Risk Adjusted Performance | 0.2626 | |||
| Mean Deviation | 6.73 | |||
| Semi Deviation | 6.41 | |||
| Downside Deviation | 6.75 | |||
| Coefficient Of Variation | 1229.68 | |||
| Standard Deviation | 9.78 | |||
| Variance | 95.59 | |||
| Information Ratio | 0.0764 | |||
| Jensen Alpha | 0.6669 | |||
| Total Risk Alpha | 0.1473 | |||
| Sortino Ratio | 0.1107 | |||
| Treynor Ratio | 0.2526 | |||
| Maximum Drawdown | 65.28 | |||
| Value At Risk | (9.36) | |||
| Potential Upside | 17.03 | |||
| Downside Variance | 45.52 | |||
| Semi Variance | 41.11 | |||
| Expected Short fall | (8.42) | |||
| Skewness | 1.87 | |||
| Kurtosis | 6.83 |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SoundHound AI. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Complementary Tools for SoundHound Stock analysis
When running SoundHound's price analysis, check to measure SoundHound'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 SoundHound is operating at the current time. Most of SoundHound's value examination focuses on studying past and present price action to predict the probability of SoundHound's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SoundHound's price. Additionally, you may evaluate how the addition of SoundHound to your portfolios can decrease your overall portfolio volatility.
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Is SoundHound'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 SoundHound. If investors know SoundHound 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 SoundHound listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.38) | Revenue Per Share 0.203 | Quarterly Revenue Growth 0.729 | Return On Assets (0.23) | Return On Equity (1.20) |
The market value of SoundHound AI is measured differently than its book value, which is the value of SoundHound that is recorded on the company's balance sheet. Investors also form their own opinion of SoundHound's value that differs from its market value or its book value, called intrinsic value, which is SoundHound'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 SoundHound's market value can be influenced by many factors that don't directly affect SoundHound'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 SoundHound's value and its price as these two are different measures arrived at by different means. Investors typically determine if SoundHound is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SoundHound'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.