Smx Public Limited Stock Market Value
| SMX Stock | 0.19 0.02 9.52% |
| Symbol | SMX |
SMX Public Limited Price To Book Ratio
Is Environmental & Facilities Services 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 SMX Public. If investors know SMX 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 SMX Public listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 832.81 | Return On Assets (0.30) | Return On Equity 0.1235 |
The market value of SMX Public Limited is measured differently than its book value, which is the value of SMX that is recorded on the company's balance sheet. Investors also form their own opinion of SMX Public's value that differs from its market value or its book value, called intrinsic value, which is SMX Public'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 SMX Public's market value can be influenced by many factors that don't directly affect SMX Public'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 SMX Public's value and its price as these two are different measures arrived at by different means. Investors typically determine if SMX Public is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SMX Public'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.
SMX Public '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 SMX Public'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 SMX Public.
| 08/06/2024 |
| 12/04/2024 |
If you would invest 0.00 in SMX Public on August 6, 2024 and sell it all today you would earn a total of 0.00 from holding SMX Public Limited or generate 0.0% return on investment in SMX Public over 120 days. SMX Public is related to or competes with CRA International, ICF International, Forrester Research, Huron Consulting, FTI Consulting, Exponent, and TransUnion. SMX Public is entity of United States. It is traded as Stock on NASDAQ exchange. More
SMX Public 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 SMX Public'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 SMX Public Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 208.32 | |||
| Value At Risk | (22.22) | |||
| Potential Upside | 8.33 |
SMX Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SMX Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SMX Public's standard deviation. In reality, there are many statistical measures that can use SMX Public historical prices to predict the future SMX Public's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (2.19) | |||
| Total Risk Alpha | (5.06) | |||
| Treynor Ratio | (1.41) |
SMX Public Limited Backtested Returns
SMX Public Limited owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0766, which indicates the firm had a -0.0766% return per unit of risk over the last 3 months. SMX Public Limited exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SMX Public's Risk Adjusted Performance of (0.06), coefficient of variation of (1,094), and Variance of 495.31 to confirm the risk estimate we provide. The entity has a beta of 1.45, 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, SMX Public will likely underperform. At this point, SMX Public Limited has a negative expected return of -1.73%. Please make sure to validate SMX Public's potential upside and day median price , to decide if SMX Public Limited performance from the past will be repeated at some future point.
Auto-correlation | 0.25 |
Poor predictability
SMX Public Limited has poor predictability. Overlapping area represents the amount of predictability between SMX Public time series from 6th of August 2024 to 5th of October 2024 and 5th of October 2024 to 4th 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 SMX Public Limited price movement. The serial correlation of 0.25 indicates that over 25.0% of current SMX Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 1.07 |
SMX Public Limited lagged returns against current returns
Autocorrelation, which is SMX Public 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 SMX Public's stock expected returns. We can calculate the autocorrelation of SMX Public returns to help us make a trade decision. For example, suppose you find that SMX Public 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 |
SMX Public 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 SMX Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SMX Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SMX Public stock over time.
Current vs Lagged Prices |
| Timeline |
SMX Public Lagged Returns
When evaluating SMX Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SMX Public stock have on its future price. SMX Public 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, SMX Public autocorrelation shows the relationship between SMX Public stock current value and its past values and can show if there is a momentum factor associated with investing in SMX Public Limited.
Regressed Prices |
| Timeline |
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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 Tools for SMX Stock Analysis
When running SMX Public's price analysis, check to measure SMX Public'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 SMX Public is operating at the current time. Most of SMX Public's value examination focuses on studying past and present price action to predict the probability of SMX Public's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SMX Public's price. Additionally, you may evaluate how the addition of SMX Public to your portfolios can decrease your overall portfolio volatility.