Applied Blockchain Stock Market Value
| APLD Stock | USD 9.66 0.08 0.82% |
| Symbol | Applied |
Applied Blockchain 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 Applied Blockchain. If investors know Applied 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 Applied Blockchain listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.23) | Revenue Per Share 1.505 | Quarterly Revenue Growth 0.671 | Return On Assets (0.09) | Return On Equity (0.67) |
The market value of Applied Blockchain is measured differently than its book value, which is the value of Applied that is recorded on the company's balance sheet. Investors also form their own opinion of Applied Blockchain's value that differs from its market value or its book value, called intrinsic value, which is Applied Blockchain'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 Applied Blockchain's market value can be influenced by many factors that don't directly affect Applied Blockchain'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 Applied Blockchain's value and its price as these two are different measures arrived at by different means. Investors typically determine if Applied Blockchain is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Applied Blockchain'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.
Applied Blockchain '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 Applied Blockchain's 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 Applied Blockchain.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Applied Blockchain on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Applied Blockchain or generate 0.0% return on investment in Applied Blockchain over 30 days. Applied Blockchain is related to or competes with Magic Empire, Zhong Yang, Netcapital, Lazard, Riot Blockchain, Hut 8, and CleanSpark. Applied Blockchain, Inc. designs, develops, and operates datacenters in North America More
Applied Blockchain 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 Applied Blockchain's 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 Applied Blockchain upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.68 | |||
| Information Ratio | 0.1292 | |||
| Maximum Drawdown | 81.01 | |||
| Value At Risk | (8.85) | |||
| Potential Upside | 11.3 |
Applied Blockchain Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Applied Blockchain's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Applied Blockchain's standard deviation. In reality, there are many statistical measures that can use Applied Blockchain historical prices to predict the future Applied Blockchain's volatility.| Risk Adjusted Performance | 0.1165 | |||
| Jensen Alpha | 1.32 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.2291 | |||
| Treynor Ratio | 0.5813 |
Applied Blockchain Backtested Returns
Applied Blockchain is very risky given 3 months investment horizon. Applied Blockchain secures Sharpe Ratio (or Efficiency) of 0.2, which signifies that the company had a 0.2% return per unit of risk over the last 3 months. We were able to break down and interpolate thirty different technical indicators, which can help you to evaluate if expected returns of 2.34% are justified by taking the suggested risk. Use Applied Blockchain Downside Deviation of 6.68, risk adjusted performance of 0.1165, and Mean Deviation of 7.37 to evaluate company specific risk that cannot be diversified away. Applied Blockchain holds a performance score of 15 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 2.83, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Applied Blockchain will likely underperform. Use Applied Blockchain total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to analyze future returns on Applied Blockchain.
Auto-correlation | 0.41 |
Average predictability
Applied Blockchain has average predictability. Overlapping area represents the amount of predictability between Applied Blockchain time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 Applied Blockchain price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Applied Blockchain price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 1.3 |
Applied Blockchain lagged returns against current returns
Autocorrelation, which is Applied Blockchain 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 Applied Blockchain's stock expected returns. We can calculate the autocorrelation of Applied Blockchain returns to help us make a trade decision. For example, suppose you find that Applied Blockchain 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 |
Applied Blockchain 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 Applied Blockchain stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Applied Blockchain stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Applied Blockchain stock over time.
Current vs Lagged Prices |
| Timeline |
Applied Blockchain Lagged Returns
When evaluating Applied Blockchain's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Applied Blockchain stock have on its future price. Applied Blockchain 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, Applied Blockchain autocorrelation shows the relationship between Applied Blockchain stock current value and its past values and can show if there is a momentum factor associated with investing in Applied Blockchain.
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.When determining whether Applied Blockchain is a strong investment it is important to analyze Applied Blockchain'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 Applied Blockchain's future performance. For an informed investment choice regarding Applied Stock, refer to the following important reports:Check out Applied Blockchain Correlation, Applied Blockchain Volatility and Applied Blockchain Alpha and Beta module to complement your research on Applied Blockchain. For information on how to trade Applied Stock refer to our How to Trade Applied Stock guide.You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Applied Blockchain 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.