Shopify Financials
| 307 Stock | EUR 109.44 2.98 2.80% |
Shopify |
Understanding current and past Shopify Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Shopify's financial statements are interrelated, with each one affecting the others. For example, an increase in Shopify's assets may result in an increase in income on the income statement.
Shopify Stock Summary
Shopify competes with Square, and Salesforce. Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. Shopify Inc. was incorporated in 2004 and is headquartered in Ottawa, Canada. SHOPIFY A operates under SoftwareApplication classification in Germany and is traded on Frankfurt Stock Exchange. It employs 10000 people.| Instrument | Germany Stock View All |
| Exchange | Frankfurt Exchange |
| ISIN | CA82509L1076 |
| Business Address | 151 OConnor Street, |
| Sector | Technology |
| Industry | Software—Application |
| Benchmark | Dow Jones Industrial |
| Website | www.shopify.com |
| Phone | 613 241 2828 |
| Currency | EUR - Euro |
You should never invest in Shopify without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Shopify Stock, because this is throwing your money away. Analyzing the key information contained in Shopify's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Shopify Key Financial Ratios
There are many critical financial ratios that Shopify's investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Shopify reports annually and quarterly.| Return On Equity | -0.36 | |||
| Return On Asset | -0.0247 | |||
| Target Price | 1703.52 | |||
| Beta | 1.97 | |||
| Z Score | 33.0 |
Shopify Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Shopify's current stock value. Our valuation model uses many indicators to compare Shopify value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Shopify competition to find correlations between indicators driving Shopify's intrinsic value. More Info.Shopify is rated second in return on equity category among its peers. It also is rated second in return on asset category among its peers . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Shopify's earnings, one of the primary drivers of an investment's value.Shopify Systematic Risk
Shopify's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Shopify volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was ten with a total number of output elements of fifty-one. The Beta measures systematic risk based on how returns on Shopify correlated with the market. If Beta is less than 0 Shopify generally moves in the opposite direction as compared to the market. If Shopify Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Shopify is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Shopify is generally in the same direction as the market. If Beta > 1 Shopify moves generally in the same direction as, but more than the movement of the benchmark.
Shopify November 30, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Shopify help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Shopify. We use our internally-developed statistical techniques to arrive at the intrinsic value of Shopify based on widely used predictive technical indicators. In general, we focus on analyzing Shopify Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Shopify's daily price indicators and compare them against related drivers.
| Downside Deviation | 1.65 | |||
| Information Ratio | 0.1875 | |||
| Maximum Drawdown | 27.99 | |||
| Value At Risk | (2.71) | |||
| Potential Upside | 5.09 |
Complementary Tools for Shopify Stock analysis
When running Shopify's price analysis, check to measure Shopify'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 Shopify is operating at the current time. Most of Shopify's value examination focuses on studying past and present price action to predict the probability of Shopify's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shopify's price. Additionally, you may evaluate how the addition of Shopify to your portfolios can decrease your overall portfolio volatility.
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. |