Society Pass Stock Market Value
| SOPA Stock | USD 1.15 0.04 3.36% |
| Symbol | Society |
Society Pass Price To Book Ratio
Is Application Software space 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 Society Pass. If investors know Society 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 Society Pass listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 17.4 | Revenue Per Share 3.899 | Quarterly Revenue Growth (0.06) | Return On Assets (0.49) | Return On Equity (1.65) |
The market value of Society Pass is measured differently than its book value, which is the value of Society that is recorded on the company's balance sheet. Investors also form their own opinion of Society Pass' value that differs from its market value or its book value, called intrinsic value, which is Society Pass' 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 Society Pass' market value can be influenced by many factors that don't directly affect Society Pass' 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 Society Pass' value and its price as these two are different measures arrived at by different means. Investors typically determine if Society Pass is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Society Pass' 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.
Society Pass '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 Society Pass' 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 Society Pass.
| 05/27/2024 |
| 06/26/2024 |
If you would invest 0.00 in Society Pass on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding Society Pass or generate 0.0% return on investment in Society Pass over 30 days. Society Pass is related to or competes with Paltalk, Sphere 3D, Marin Software, EzFill Holdings, Freight Technologies, Versus Systems, and Trust Stamp. Society Pass Incorporated engages in the acquisition and operation of e-commerce platforms for consumers and merchants i... More
Society Pass 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 Society Pass' 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 Society Pass upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 39.12 | |||
| Value At Risk | (9.70) | |||
| Potential Upside | 12.17 |
Society Pass Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Society Pass' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Society Pass' standard deviation. In reality, there are many statistical measures that can use Society Pass historical prices to predict the future Society Pass' volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.80) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | 10.9 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Society Pass' 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.
Society Pass Backtested Returns
Society Pass owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.13, which indicates the firm had a -0.13% return per unit of risk over the last 3 months. Society Pass exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Society Pass' Risk Adjusted Performance of (0.07), variance of 45.85, and Coefficient Of Variation of (854.74) to confirm the risk estimate we provide. The entity has a beta of -0.0736, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Society Pass are expected to decrease at a much lower rate. During the bear market, Society Pass is likely to outperform the market. At this point, Society Pass has a negative expected return of -0.87%. Please make sure to validate Society Pass' rate of daily change, period momentum indicator, as well as the relationship between the skewness and treynor ratio , to decide if Society Pass performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.28 |
Poor predictability
Society Pass has poor predictability. Overlapping area represents the amount of predictability between Society Pass time series from 27th of May 2024 to 11th of June 2024 and 11th of June 2024 to 26th 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 Society Pass price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Society Pass price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Society Pass lagged returns against current returns
Autocorrelation, which is Society Pass 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 Society Pass' stock expected returns. We can calculate the autocorrelation of Society Pass returns to help us make a trade decision. For example, suppose you find that Society Pass 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 |
Society Pass 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 Society Pass stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Society Pass stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Society Pass stock over time.
Current vs Lagged Prices |
| Timeline |
Society Pass Lagged Returns
When evaluating Society Pass' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Society Pass stock have on its future price. Society Pass 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, Society Pass autocorrelation shows the relationship between Society Pass stock current value and its past values and can show if there is a momentum factor associated with investing in Society Pass.
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.Additional Information and Resources on Investing in Society Stock
When determining whether Society Pass offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Society Pass' 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 Society Pass Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Society Pass Stock:Check out Society Pass Correlation, Society Pass Volatility and Society Pass Alpha and Beta module to complement your research on Society Pass. For information on how to trade Society Stock refer to our How to Trade Society Stock guide.You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Society Pass 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.