Surgepays Stock Market Value
| SURG Stock | USD 1.84 0.02 1.08% |
| Symbol | Surgepays |
Surgepays Price To Book Ratio
Is Wireless Telecommunication 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 Surgepays. If investors know Surgepays 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 Surgepays 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 (0.78) | Earnings Share (1.18) | Revenue Per Share 6.864 | Quarterly Revenue Growth (0.58) | Return On Assets (0.02) |
The market value of Surgepays is measured differently than its book value, which is the value of Surgepays that is recorded on the company's balance sheet. Investors also form their own opinion of Surgepays' value that differs from its market value or its book value, called intrinsic value, which is Surgepays' 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 Surgepays' market value can be influenced by many factors that don't directly affect Surgepays' 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 Surgepays' value and its price as these two are different measures arrived at by different means. Investors typically determine if Surgepays is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Surgepays' 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.
Surgepays '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 Surgepays' 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 Surgepays.
| 12/15/2022 |
| 12/04/2024 |
If you would invest 0.00 in Surgepays on December 15, 2022 and sell it all today you would earn a total of 0.00 from holding Surgepays or generate 0.0% return on investment in Surgepays over 720 days. Surgepays is related to or competes with Trust Stamp, Freight Technologies, Versus Systems, Auddia, Viant Technology, Clearwater Analytics, and Expensify. SurgePays, Inc., a financial technology and telecommunications company, provides services to the underbanked community i... More
Surgepays 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 Surgepays' 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 Surgepays upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.3 | |||
| Information Ratio | 0.0392 | |||
| Maximum Drawdown | 32.29 | |||
| Value At Risk | (9.00) | |||
| Potential Upside | 14.29 |
Surgepays Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Surgepays' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Surgepays' standard deviation. In reality, there are many statistical measures that can use Surgepays historical prices to predict the future Surgepays' volatility.| Risk Adjusted Performance | 0.0527 | |||
| Jensen Alpha | 0.0877 | |||
| Total Risk Alpha | (0.49) | |||
| Sortino Ratio | 0.0456 | |||
| Treynor Ratio | 0.1385 |
Surgepays Backtested Returns
Surgepays appears to be risky, given 3 months investment horizon. Surgepays owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0992, which indicates the firm had a 0.0992% return per unit of risk over the last 3 months. By inspecting Surgepays' technical indicators, you can evaluate if the expected return of 0.6% is justified by implied risk. Please review Surgepays' Coefficient Of Variation of 1738.2, risk adjusted performance of 0.0527, and Semi Deviation of 5.1 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Surgepays holds a performance score of 7. The entity has a beta of 2.49, 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, Surgepays will likely underperform. Please check Surgepays' potential upside, as well as the relationship between the kurtosis and day typical price , to make a quick decision on whether Surgepays' existing price patterns will revert.
Auto-correlation | 0.20 |
Weak predictability
Surgepays has weak predictability. Overlapping area represents the amount of predictability between Surgepays time series from 15th of December 2022 to 10th of December 2023 and 10th of December 2023 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 Surgepays price movement. The serial correlation of 0.2 indicates that over 20.0% of current Surgepays price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 4.22 |
Surgepays lagged returns against current returns
Autocorrelation, which is Surgepays 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 Surgepays' stock expected returns. We can calculate the autocorrelation of Surgepays returns to help us make a trade decision. For example, suppose you find that Surgepays 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 |
Surgepays 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 Surgepays stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Surgepays stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Surgepays stock over time.
Current vs Lagged Prices |
| Timeline |
Surgepays Lagged Returns
When evaluating Surgepays' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Surgepays stock have on its future price. Surgepays 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, Surgepays autocorrelation shows the relationship between Surgepays stock current value and its past values and can show if there is a momentum factor associated with investing in Surgepays.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Surgepays is a strong investment it is important to analyze Surgepays' 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 Surgepays' future performance. For an informed investment choice regarding Surgepays Stock, refer to the following important reports:Check out Surgepays Correlation, Surgepays Volatility and Surgepays Alpha and Beta module to complement your research on Surgepays. For more detail on how to invest in Surgepays Stock please use our How to Invest in Surgepays guide.You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Surgepays 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.