Sps Commerce Stock Market Value
| SPSC Stock | USD 193.07 0.50 0.26% |
| Symbol | SPS |
SPS Commerce 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 SPS Commerce. If investors know SPS 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 SPS Commerce listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.378 | Earnings Share 2.09 | Revenue Per Share 16.49 | Quarterly Revenue Growth 0.207 | Return On Assets 0.0607 |
The market value of SPS Commerce is measured differently than its book value, which is the value of SPS that is recorded on the company's balance sheet. Investors also form their own opinion of SPS Commerce's value that differs from its market value or its book value, called intrinsic value, which is SPS Commerce'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 SPS Commerce's market value can be influenced by many factors that don't directly affect SPS Commerce'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 SPS Commerce's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPS Commerce is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPS Commerce'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.
SPS Commerce '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 SPS Commerce'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 SPS Commerce.
| 06/10/2023 |
| 12/01/2024 |
If you would invest 0.00 in SPS Commerce on June 10, 2023 and sell it all today you would earn a total of 0.00 from holding SPS Commerce or generate 0.0% return on investment in SPS Commerce over 540 days. SPS Commerce is related to or competes with Tenable Holdings, Rapid7, F5 Networks, Check Point, Consensus Cloud, Global Blue, and CSG Systems. SPS Commerce, Inc. provides cloud-based supply chain management solutions worldwide More
SPS Commerce 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 SPS Commerce'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 SPS Commerce upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 13.74 | |||
| Value At Risk | (2.74) | |||
| Potential Upside | 2.68 |
SPS Commerce Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SPS Commerce's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SPS Commerce's standard deviation. In reality, there are many statistical measures that can use SPS Commerce historical prices to predict the future SPS Commerce's volatility.| Risk Adjusted Performance | 0.0059 | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | (0.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SPS Commerce'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.
SPS Commerce Backtested Returns
At this point, SPS Commerce is very steady. SPS Commerce owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0179, which indicates the firm had a 0.0179% return per unit of standard deviation over the last 3 months. We have found twenty-four technical indicators for SPS Commerce, which you can use to evaluate the volatility of the company. Please validate SPS Commerce's risk adjusted performance of 0.0059, and Variance of 4.73 to confirm if the risk estimate we provide is consistent with the expected return of 0.0383%. SPS Commerce has a performance score of 1 on a scale of 0 to 100. The entity has a beta of 1.97, 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, SPS Commerce will likely underperform. SPS Commerce presently has a risk of 2.14%. Please validate SPS Commerce accumulation distribution, as well as the relationship between the day typical price and relative strength index , to decide if SPS Commerce will be following its existing price patterns.
Auto-correlation | -0.37 |
Poor reverse predictability
SPS Commerce has poor reverse predictability. Overlapping area represents the amount of predictability between SPS Commerce time series from 10th of June 2023 to 6th of March 2024 and 6th of March 2024 to 1st 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 SPS Commerce price movement. The serial correlation of -0.37 indicates that just about 37.0% of current SPS Commerce price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 105.51 |
SPS Commerce lagged returns against current returns
Autocorrelation, which is SPS Commerce 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 SPS Commerce's stock expected returns. We can calculate the autocorrelation of SPS Commerce returns to help us make a trade decision. For example, suppose you find that SPS Commerce 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 |
SPS Commerce 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 SPS Commerce stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SPS Commerce stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SPS Commerce stock over time.
Current vs Lagged Prices |
| Timeline |
SPS Commerce Lagged Returns
When evaluating SPS Commerce's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SPS Commerce stock have on its future price. SPS Commerce 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, SPS Commerce autocorrelation shows the relationship between SPS Commerce stock current value and its past values and can show if there is a momentum factor associated with investing in SPS Commerce.
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 SPS Commerce offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of SPS Commerce's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Sps Commerce Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Sps Commerce Stock:Check out SPS Commerce Correlation, SPS Commerce Volatility and SPS Commerce Alpha and Beta module to complement your research on SPS Commerce. For information on how to trade SPS Stock refer to our How to Trade SPS Stock guide.You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
SPS Commerce 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.