Smartkem, Common Stock Stock Market Value
| SMTK Stock | USD 2.82 0.18 6.00% |
| Symbol | SmartKem, |
SmartKem, Common '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 SmartKem, Common's otc 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 SmartKem, Common.
| 11/30/2024 |
| 12/30/2024 |
If you would invest 0.00 in SmartKem, Common on November 30, 2024 and sell it all today you would earn a total of 0.00 from holding SmartKem, Common Stock or generate 0.0% return on investment in SmartKem, Common over 30 days. SmartKem, Common is related to or competes with Atomera, Aehr Test, Indie Semiconductor, KLA Tencor, Veeco Instruments, SCREEN Holdings, and Asm Pacific. SmartKem, Inc. engages in the development of materials and processes for organic thin-film transistors backplanes for th... More
SmartKem, Common 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 SmartKem, Common's otc 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 SmartKem, Common Stock upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.77 | |||
| Information Ratio | 0.0041 | |||
| Maximum Drawdown | 91.22 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 26.51 |
SmartKem, Common Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SmartKem, Common's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SmartKem, Common's standard deviation. In reality, there are many statistical measures that can use SmartKem, Common historical prices to predict the future SmartKem, Common's volatility.| Risk Adjusted Performance | 0.0146 | |||
| Jensen Alpha | 0.0079 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | 0.0065 | |||
| Treynor Ratio | 0.0246 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SmartKem, Common's 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.
SmartKem, Common Stock Backtested Returns
SmartKem, Common appears to be extremely dangerous, given 3 months investment horizon. SmartKem, Common Stock owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0157, which indicates the firm had a 0.0157% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for SmartKem, Common Stock, which you can use to evaluate the volatility of the company. Please review SmartKem, Common's Semi Deviation of 8.65, coefficient of variation of 15548.5, and Risk Adjusted Performance of 0.0146 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, SmartKem, Common holds a performance score of 1. The entity has a beta of 3.22, which indicates 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, SmartKem, Common will likely underperform. Please check SmartKem, Common's value at risk, and the relationship between the jensen alpha and skewness , to make a quick decision on whether SmartKem, Common's existing price patterns will revert.
Auto-correlation | 0.37 |
Below average predictability
SmartKem, Common Stock has below average predictability. Overlapping area represents the amount of predictability between SmartKem, Common time series from 30th of November 2024 to 15th of December 2024 and 15th of December 2024 to 30th 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 SmartKem, Common Stock price movement. The serial correlation of 0.37 indicates that just about 37.0% of current SmartKem, Common price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
SmartKem, Common Stock lagged returns against current returns
Autocorrelation, which is SmartKem, Common otc 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 SmartKem, Common's otc stock expected returns. We can calculate the autocorrelation of SmartKem, Common returns to help us make a trade decision. For example, suppose you find that SmartKem, Common has exhibited high autocorrelation historically, and you observe that the otc 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 |
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SmartKem, Common 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 SmartKem, Common otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SmartKem, Common otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SmartKem, Common otc stock over time.
Current vs Lagged Prices |
| Timeline |
SmartKem, Common Lagged Returns
When evaluating SmartKem, Common's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SmartKem, Common otc stock have on its future price. SmartKem, Common 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, SmartKem, Common autocorrelation shows the relationship between SmartKem, Common otc stock current value and its past values and can show if there is a momentum factor associated with investing in SmartKem, Common Stock.
Regressed Prices |
| Timeline |
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SmartKem, Common financial ratios help investors to determine whether SmartKem, OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in SmartKem, with respect to the benefits of owning SmartKem, Common security.