Smart Share Global Stock Volatility
| EM Stock | USD 0.62 0.03 5.08% |
Smart Share appears to be extremely dangerous, given 3 months investment horizon. Smart Share Global owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0948, which indicates the firm had a 0.0948% return per unit of risk over the last 3 months. We have found thirty technical indicators for Smart Share Global, which you can use to evaluate the volatility of the company. Please review Smart Share's Coefficient Of Variation of 1006.01, semi deviation of 4.23, and Risk Adjusted Performance of 0.0707 to confirm if our risk estimates are consistent with your expectations. Key indicators related to Smart Share's volatility include:
30 Days Market Risk | Chance Of Distress | 30 Days Economic Sensitivity |
Smart Share Stock volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Smart daily returns, and it is calculated using variance and standard deviation. We also use Smart's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Smart Share volatility.
Smart |
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Smart Share can benefit from it. Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of Smart Share at lower prices. For example, an investor can purchase Smart stock that has halved in price over a short period. This will lower your average cost per share, thereby improving your portfolio's performance when the markets normalize. Similarly, when the prices of Smart Share's stock rises, investors can sell out and invest the proceeds in other equities with better opportunities. Investing when markets are volatile with better valuations will accord both investors and companies the opportunity to generate better long-term returns.
Moving together with Smart Stock
| 0.89 | H | Hyatt Hotels Earnings Call This Week | PairCorr |
| 0.77 | BH | Biglari Holdings Earnings Call This Week | PairCorr |
| 0.7 | SG | Sweetgreen Buyout Trend | PairCorr |
| 0.77 | WING | Wingstop Financial Report 1st of May 2024 | PairCorr |
Moving against Smart Stock
| 0.47 | WH | Wyndham Hotels Resorts | PairCorr |
| 0.46 | FAT | FAT Brands Financial Report 13th of May 2024 | PairCorr |
| 0.43 | CZR | Caesars Entertainment Financial Report 7th of May 2024 | PairCorr |
Smart Share Market Sensitivity And Downside Risk
Smart Share's beta coefficient measures the volatility of Smart stock compared to the systematic risk of the entire market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents Smart stock's returns against your selected market. In other words, Smart Share's beta of 0.75 provides an investor with an approximation of how much risk Smart Share stock can potentially add to one of your existing portfolios. Smart Share Global exhibits above-average semi-deviation for your current time horizon. Smart Share Global is a potential penny stock. Although Smart Share may be in fact a good instrument to invest, many penny stocks are speculative in nature and are subject to artificial price hype. Please make sure you totally understand the upside potential and downside risk of investing in Smart Share Global. We encourage investors to look for signals such as email spams, message board hypes, claims of breakthroughs, volume upswings, sudden news releases, promotions that are not reported, or demotions released before SEC filings. Please also check biographies and work history of current and past company officers before investing in high volatility instruments, penny stocks, or equities with microcap classification. You can indeed make money on Smart instrument if you perfectly time your entry and exit. However, remember that penny stocks that have been the subject of artificial hype usually unable to maintain their increased share price for more than just a few days. The price of a promoted high volatility instrument will almost always revert back. The only way to increase shareholder value is through legitimate performance backed up by solid fundamentals.
3 Months Beta |Analyze Smart Share Global Demand TrendCheck current 90 days Smart Share correlation with market (NYSE Composite)Smart Beta |
Smart standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. A typical volatile entity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.
Standard Deviation | 4.7 |
It is essential to understand the difference between upside risk (as represented by Smart Share's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Smart Share's daily returns or price. Since the actual investment returns on holding a position in smart stock tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in Smart Share.
Smart Share Global Stock Volatility Analysis
Volatility refers to the frequency at which Smart Share stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Smart Share's price changes. Investors will then calculate the volatility of Smart Share's stock to predict their future moves. A stock that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A stock with relatively stable price changes has low volatility. A highly volatile stock is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of Smart Share's volatility:
Historical Volatility
This type of stock volatility measures Smart Share's fluctuations based on previous trends. It's commonly used to predict Smart Share's future behavior based on its past. However, it cannot conclusively determine the future direction of the stock.Implied Volatility
This type of volatility provides a positive outlook on future price fluctuations for Smart Share's current market price. This means that the stock will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Smart Share's to be redeemed at a future date.Transformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. Smart Share Global Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
Smart Share Projected Return Density Against Market
Allowing for the 90-day total investment horizon Smart Share has a beta of 0.7485 suggesting as returns on the market go up, Smart Share average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Smart Share Global will be expected to be much smaller as well.Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Smart Share or Hotels, Restaurants & Leisure sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Smart Share's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Smart stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
Smart Share Global has an alpha of 0.3961, implying that it can generate a 0.4 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Predicted Return Density |
| Returns |
What Drives a Smart Share Price Volatility?
Several factors can influence a stock's market volatility:Industry
Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.Political and Economic environment
When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.The Company's Performance
Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.Smart Share Stock Risk Measures
Allowing for the 90-day total investment horizon the coefficient of variation of Smart Share is 1054.57. The daily returns are distributed with a variance of 22.08 and standard deviation of 4.7. The mean deviation of Smart Share Global is currently at 3.46. For similar time horizon, the selected benchmark (NYSE Composite) has volatility of 0.62
α | Alpha over NYSE Composite | 0.40 | |
β | Beta against NYSE Composite | 0.75 | |
σ | Overall volatility | 4.70 | |
Ir | Information ratio | 0.08 |
Smart Share Stock Return Volatility
Smart Share historical daily return volatility represents how much of Smart Share stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The firm accepts 4.6994% volatility on return distribution over the 90 days horizon. By contrast, NYSE Composite accepts 0.625% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About Smart Share Volatility
Volatility is a rate at which the price of Smart Share or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Smart Share may increase or decrease. In other words, similar to Smart's beta indicator, it measures the risk of Smart Share and helps estimate the fluctuations that may happen in a short period of time. So if prices of Smart Share fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.| Last Reported | Projected for Next Year | ||
| Selling And Marketing Expenses | 3.1 B | 2.5 B | |
| Market Cap | 1.8 B | 1.4 B |
Smart Share's stock volatility refers to the amount of uncertainty or risk involved with the size of changes in its stock's price. It is a statistical measure of the dispersion of returns on Smart Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Smart Share's price varies over time.
3 ways to utilize Smart Share's volatility to invest better
Higher Smart Share's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Smart Share Global stock is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. Smart Share Global stock volatility can provide helpful information for making investment decisions in the following ways:- Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of Smart Share Global investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Smart Share's stock can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
- Diversification: Understanding how the volatility of Smart Share's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Smart Share Investment Opportunity
Smart Share Global has a volatility of 4.7 and is 7.46 times more volatile than NYSE Composite. Compared to the overall equity markets, volatility of historical daily returns of Smart Share Global is lower than 41 percent of all global equities and portfolios over the last 90 days. You can use Smart Share Global to enhance the returns of your portfolios. The stock experiences a very speculative upward sentiment. Check odds of Smart Share to be traded at $0.775 in 90 days.Average diversification
The correlation between Smart Share Global and NYA is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Smart Share Global and NYA in the same portfolio, assuming nothing else is changed.
Smart Share Additional Risk Indicators
The analysis of Smart Share's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in Smart Share's investment and either accepting that risk or mitigating it. Along with some common measures of Smart Share stock's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Risk Adjusted Performance | 0.0707 | |||
| Market Risk Adjusted Performance | 0.6184 | |||
| Mean Deviation | 3.49 | |||
| Semi Deviation | 4.23 | |||
| Downside Deviation | 5.11 | |||
| Coefficient Of Variation | 1006.01 | |||
| Standard Deviation | 4.68 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stocks, we recommend comparing similar stocks with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Smart Share Suggested Diversification Pairs
Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Smart Share as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Smart Share's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Smart Share's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Smart Share Global.
When determining whether Smart Share Global is a strong investment it is important to analyze Smart Share's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Smart Share's future performance. For an informed investment choice regarding Smart Stock, refer to the following important reports: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Smart Share Global. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Complementary Tools for Smart Stock analysis
When running Smart Share's price analysis, check to measure Smart Share'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 Smart Share is operating at the current time. Most of Smart Share's value examination focuses on studying past and present price action to predict the probability of Smart Share's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Smart Share's price. Additionally, you may evaluate how the addition of Smart Share to your portfolios can decrease your overall portfolio volatility.
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Is Smart Share'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 Smart Share. If investors know Smart 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 Smart Share listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.05 | Revenue Per Share 11.384 | Quarterly Revenue Growth (0.18) | Return On Assets (0.0001) | Return On Equity 0.0325 |
The market value of Smart Share Global is measured differently than its book value, which is the value of Smart that is recorded on the company's balance sheet. Investors also form their own opinion of Smart Share's value that differs from its market value or its book value, called intrinsic value, which is Smart Share'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 Smart Share's market value can be influenced by many factors that don't directly affect Smart Share'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 Smart Share's value and its price as these two are different measures arrived at by different means. Investors typically determine if Smart Share is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Smart Share'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.