Authid Inc Stock Market Value
| AUID Stock | USD 5.80 0.24 3.97% |
| Symbol | AuthID |
authID Inc 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 AuthID. If investors know AuthID 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 AuthID listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.11) | Revenue Per Share 0.079 | Quarterly Revenue Growth 4.737 | Return On Assets (0.63) | Return On Equity (1.13) |
The market value of authID Inc is measured differently than its book value, which is the value of AuthID that is recorded on the company's balance sheet. Investors also form their own opinion of AuthID's value that differs from its market value or its book value, called intrinsic value, which is AuthID'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 AuthID's market value can be influenced by many factors that don't directly affect AuthID'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 AuthID's value and its price as these two are different measures arrived at by different means. Investors typically determine if AuthID is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AuthID'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.
AuthID '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 AuthID'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 AuthID.
| 11/17/2024 |
| 12/17/2024 |
If you would invest 0.00 in AuthID on November 17, 2024 and sell it all today you would earn a total of 0.00 from holding authID Inc or generate 0.0% return on investment in AuthID over 30 days. AuthID is related to or competes with Evertec, NetScout Systems, CSG Systems, Tenable Holdings, Rapid7, and CyberArk Software. authID Inc. operates an Identity as a Service platform that delivers a suite of secure, mobile, and biometric identity s... More
AuthID 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 AuthID'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 authID Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 29.49 | |||
| Value At Risk | (9.87) | |||
| Potential Upside | 9.44 |
AuthID Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AuthID's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AuthID's standard deviation. In reality, there are many statistical measures that can use AuthID historical prices to predict the future AuthID's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.39) | |||
| Total Risk Alpha | (0.90) | |||
| Treynor Ratio | (0.34) |
authID Inc Backtested Returns
authID Inc secures Sharpe Ratio (or Efficiency) of -0.0438, which signifies that the company had a -0.0438% return per unit of risk over the last 3 months. authID Inc exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AuthID's Coefficient Of Variation of (1,825), standard deviation of 5.6, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.93, which signifies possible diversification benefits within a given portfolio. AuthID returns are very sensitive to returns on the market. As the market goes up or down, AuthID is expected to follow. At this point, authID Inc has a negative expected return of -0.25%. Please make sure to confirm AuthID's accumulation distribution, and the relationship between the potential upside and day median price , to decide if authID Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.47 |
Modest reverse predictability
authID Inc has modest reverse predictability. Overlapping area represents the amount of predictability between AuthID time series from 17th of November 2024 to 2nd of December 2024 and 2nd of December 2024 to 17th of December 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 authID Inc price movement. The serial correlation of -0.47 indicates that about 47.0% of current AuthID price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
authID Inc lagged returns against current returns
Autocorrelation, which is AuthID 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 AuthID's stock expected returns. We can calculate the autocorrelation of AuthID returns to help us make a trade decision. For example, suppose you find that AuthID 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 |
AuthID 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 AuthID stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AuthID stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AuthID stock over time.
Current vs Lagged Prices |
| Timeline |
AuthID Lagged Returns
When evaluating AuthID's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AuthID stock have on its future price. AuthID 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, AuthID autocorrelation shows the relationship between AuthID stock current value and its past values and can show if there is a momentum factor associated with investing in authID Inc.
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 authID Inc is a strong investment it is important to analyze AuthID'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 AuthID's future performance. For an informed investment choice regarding AuthID Stock, refer to the following important reports:Check out AuthID Correlation, AuthID Volatility and AuthID Alpha and Beta module to complement your research on AuthID. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
AuthID 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.