Spx Corp Stock Market Value
| SPXC Stock | USD 119.88 0.48 0.40% |
| Symbol | SPX |
SPX Corp Price To Book Ratio
Is SPX Corp's industry 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 SPX Corp. If investors know SPX 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 SPX Corp 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 1.77 | Earnings Share 3.11 | Revenue Per Share 38.23 | Quarterly Revenue Growth 0.093 | Return On Assets 0.0653 |
The market value of SPX Corp is measured differently than its book value, which is the value of SPX that is recorded on the company's balance sheet. Investors also form their own opinion of SPX Corp's value that differs from its market value or its book value, called intrinsic value, which is SPX Corp'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 SPX Corp's market value can be influenced by many factors that don't directly affect SPX Corp'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 SPX Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPX Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPX Corp'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.
SPX Corp '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 SPX Corp'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 SPX Corp.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in SPX Corp on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding SPX Corp or generate 0.0% return on investment in SPX Corp over 30 days. SPX Corp is related to or competes with Parker Hannifin, Emerson Electric, Smith AO, and Watts Water. SPX Technologies, Inc. supplies infrastructure equipment serving the heating, ventilation, and cooling and detection and... More
SPX Corp 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 SPX Corp'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 SPX Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.83 | |||
| Information Ratio | 0.1074 | |||
| Maximum Drawdown | 6.97 | |||
| Value At Risk | (2.52) | |||
| Potential Upside | 2.46 |
SPX Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SPX Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SPX Corp's standard deviation. In reality, there are many statistical measures that can use SPX Corp historical prices to predict the future SPX Corp's volatility.| Risk Adjusted Performance | 0.111 | |||
| Jensen Alpha | 0.215 | |||
| Total Risk Alpha | 0.0393 | |||
| Sortino Ratio | 0.0919 | |||
| Treynor Ratio | 0.5645 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SPX Corp'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.
SPX Corp Backtested Returns
SPX Corp appears to be very steady, given 3 months investment horizon. SPX Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates the firm had a 0.16% return per unit of risk over the last 3 months. We have found thirty technical indicators for SPX Corp, which you can use to evaluate the volatility of the company. Please review SPX Corp's Risk Adjusted Performance of 0.111, coefficient of variation of 594.02, and Semi Deviation of 1.56 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, SPX Corp holds a performance score of 12. The entity has a beta of 0.45, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, SPX Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding SPX Corp is expected to be smaller as well. Please check SPX Corp'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 SPX Corp's existing price patterns will revert.
Auto-correlation | -0.05 |
Very weak reverse predictability
SPX Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between SPX Corp time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 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 SPX Corp price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current SPX Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 5.64 |
SPX Corp lagged returns against current returns
Autocorrelation, which is SPX Corp 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 SPX Corp's stock expected returns. We can calculate the autocorrelation of SPX Corp returns to help us make a trade decision. For example, suppose you find that SPX Corp 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 |
SPX Corp 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 SPX Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SPX Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SPX Corp stock over time.
Current vs Lagged Prices |
| Timeline |
SPX Corp Lagged Returns
When evaluating SPX Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SPX Corp stock have on its future price. SPX Corp 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, SPX Corp autocorrelation shows the relationship between SPX Corp stock current value and its past values and can show if there is a momentum factor associated with investing in SPX Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether SPX Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of SPX Corp'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 Spx Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Spx Corp Stock:Check out SPX Corp Correlation, SPX Corp Volatility and SPX Corp Alpha and Beta module to complement your research on SPX Corp. For information on how to trade SPX Stock refer to our How to Trade SPX Stock guide.You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Complementary Tools for SPX Stock analysis
When running SPX Corp's price analysis, check to measure SPX Corp'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 SPX Corp is operating at the current time. Most of SPX Corp's value examination focuses on studying past and present price action to predict the probability of SPX Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SPX Corp's price. Additionally, you may evaluate how the addition of SPX Corp to your portfolios can decrease your overall portfolio volatility.
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SPX Corp 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.