Spruce Power Holding Stock Market Value
| SPRU Stock | 2.88 0.05 1.71% |
| Symbol | Spruce |
Spruce Power Holding Price To Book Ratio
Is Semiconductors & Semiconductor Equipment 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 Spruce Power. If investors know Spruce 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 Spruce Power listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.28) | Revenue Per Share 4.251 | Quarterly Revenue Growth (0.01) | Return On Assets (0.01) | Return On Equity (0.26) |
The market value of Spruce Power Holding is measured differently than its book value, which is the value of Spruce that is recorded on the company's balance sheet. Investors also form their own opinion of Spruce Power's value that differs from its market value or its book value, called intrinsic value, which is Spruce Power'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 Spruce Power's market value can be influenced by many factors that don't directly affect Spruce Power'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 Spruce Power's value and its price as these two are different measures arrived at by different means. Investors typically determine if Spruce Power is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Spruce Power'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.
Spruce Power '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 Spruce Power'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 Spruce Power.
| 11/26/2024 |
| 12/26/2024 |
If you would invest 0.00 in Spruce Power on November 26, 2024 and sell it all today you would earn a total of 0.00 from holding Spruce Power Holding or generate 0.0% return on investment in Spruce Power over 30 days. Spruce Power is related to or competes with Nano Labs, and Enphase Energy. Spruce Power is entity of United States. It is traded as Stock on NYSE exchange. More
Spruce Power 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 Spruce Power'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 Spruce Power Holding upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.32 | |||
| Information Ratio | 0.0507 | |||
| Maximum Drawdown | 19.36 | |||
| Value At Risk | (5.78) | |||
| Potential Upside | 6.41 |
Spruce Power Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Spruce Power's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Spruce Power's standard deviation. In reality, there are many statistical measures that can use Spruce Power historical prices to predict the future Spruce Power's volatility.| Risk Adjusted Performance | 0.058 | |||
| Jensen Alpha | 0.1893 | |||
| Total Risk Alpha | 0.0622 | |||
| Sortino Ratio | 0.0575 | |||
| Treynor Ratio | 0.2172 |
Spruce Power Holding Backtested Returns
Currently, Spruce Power Holding is unstable. Spruce Power Holding owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0212, which indicates the firm had a 0.0212% return per unit of risk over the last 3 months. We have found thirty technical indicators for Spruce Power Holding, which you can use to evaluate the volatility of the company. Please validate Spruce Power's Semi Deviation of 3.04, risk adjusted performance of 0.058, and Coefficient Of Variation of 1596.0 to confirm if the risk estimate we provide is consistent with the expected return of 0.0796%. Spruce Power has a performance score of 1 on a scale of 0 to 100. The entity has a beta of 1.04, which indicates a somewhat significant risk relative to the market. Spruce Power returns are very sensitive to returns on the market. As the market goes up or down, Spruce Power is expected to follow. Spruce Power Holding right now has a risk of 3.76%. Please validate Spruce Power downside variance, as well as the relationship between the daily balance of power and period momentum indicator , to decide if Spruce Power will be following its existing price patterns.
Auto-correlation | 0.18 |
Very weak predictability
Spruce Power Holding has very weak predictability. Overlapping area represents the amount of predictability between Spruce Power time series from 26th of November 2024 to 11th of December 2024 and 11th of December 2024 to 26th 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 Spruce Power Holding price movement. The serial correlation of 0.18 indicates that over 18.0% of current Spruce Power price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Spruce Power Holding lagged returns against current returns
Autocorrelation, which is Spruce Power 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 Spruce Power's stock expected returns. We can calculate the autocorrelation of Spruce Power returns to help us make a trade decision. For example, suppose you find that Spruce Power 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 |
Spruce Power 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 Spruce Power stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Spruce Power stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Spruce Power stock over time.
Current vs Lagged Prices |
| Timeline |
Spruce Power Lagged Returns
When evaluating Spruce Power's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Spruce Power stock have on its future price. Spruce Power 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, Spruce Power autocorrelation shows the relationship between Spruce Power stock current value and its past values and can show if there is a momentum factor associated with investing in Spruce Power Holding.
Regressed Prices |
| Timeline |
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Additional Tools for Spruce Stock Analysis
When running Spruce Power's price analysis, check to measure Spruce Power'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 Spruce Power is operating at the current time. Most of Spruce Power's value examination focuses on studying past and present price action to predict the probability of Spruce Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spruce Power's price. Additionally, you may evaluate how the addition of Spruce Power to your portfolios can decrease your overall portfolio volatility.