Upwork Inc Stock Market Value
| UPWK Stock | USD 17.39 0.07 0.40% |
| Symbol | Upwork |
Upwork Inc Price To Book Ratio
Is Human Resource & Employment 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 Upwork. If investors know Upwork 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 Upwork 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 0.7 | Earnings Share 0.62 | Revenue Per Share 5.676 | Quarterly Revenue Growth 0.103 | Return On Assets 0.0371 |
The market value of Upwork Inc is measured differently than its book value, which is the value of Upwork that is recorded on the company's balance sheet. Investors also form their own opinion of Upwork's value that differs from its market value or its book value, called intrinsic value, which is Upwork'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 Upwork's market value can be influenced by many factors that don't directly affect Upwork'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 Upwork's value and its price as these two are different measures arrived at by different means. Investors typically determine if Upwork is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Upwork'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.
Upwork '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 Upwork'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 Upwork.
| 08/06/2024 |
| 12/04/2024 |
If you would invest 0.00 in Upwork on August 6, 2024 and sell it all today you would earn a total of 0.00 from holding Upwork Inc or generate 0.0% return on investment in Upwork over 120 days. Upwork is related to or competes with TrueBlue, Kelly Services, TriNet, ManpowerGroup, Insperity, Kforce, and Paychex. Upwork Inc., together with its subsidiaries, operates a work marketplace that connects businesses with various independe... More
Upwork 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 Upwork'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 Upwork Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.83 | |||
| Information Ratio | 0.2017 | |||
| Maximum Drawdown | 30.61 | |||
| Value At Risk | (3.16) | |||
| Potential Upside | 7.8 |
Upwork Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Upwork's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Upwork's standard deviation. In reality, there are many statistical measures that can use Upwork historical prices to predict the future Upwork's volatility.| Risk Adjusted Performance | 0.1822 | |||
| Jensen Alpha | 0.9067 | |||
| Total Risk Alpha | 0.388 | |||
| Sortino Ratio | 0.4743 | |||
| Treynor Ratio | 1.58 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Upwork'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.
Upwork Inc Backtested Returns
Upwork appears to be somewhat reliable, given 3 months investment horizon. Upwork Inc owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.23, which indicates the firm had a 0.23% return per unit of risk over the last 3 months. By inspecting Upwork's technical indicators, you can evaluate if the expected return of 0.98% is justified by implied risk. Please review Upwork's Risk Adjusted Performance of 0.1822, coefficient of variation of 438.52, and Semi Deviation of 1.16 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Upwork holds a performance score of 17. The entity has a beta of 0.61, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Upwork's returns are expected to increase less than the market. However, during the bear market, the loss of holding Upwork is expected to be smaller as well. Please check Upwork's semi variance, as well as the relationship between the daily balance of power and price action indicator , to make a quick decision on whether Upwork's existing price patterns will revert.
Auto-correlation | 0.40 |
Average predictability
Upwork Inc has average predictability. Overlapping area represents the amount of predictability between Upwork 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 Upwork Inc price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Upwork price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 6.31 |
Upwork Inc lagged returns against current returns
Autocorrelation, which is Upwork 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 Upwork's stock expected returns. We can calculate the autocorrelation of Upwork returns to help us make a trade decision. For example, suppose you find that Upwork 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 |
Upwork 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 Upwork stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Upwork stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Upwork stock over time.
Current vs Lagged Prices |
| Timeline |
Upwork Lagged Returns
When evaluating Upwork's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Upwork stock have on its future price. Upwork 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, Upwork autocorrelation shows the relationship between Upwork stock current value and its past values and can show if there is a momentum factor associated with investing in Upwork Inc.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Upwork Correlation, Upwork Volatility and Upwork Alpha and Beta module to complement your research on Upwork. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Upwork 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.