Sphere Story

<div class='circular--portrait' style='background:#347AFC;color: #ffffff;font-size:4em;'>S3</div>
ANY -- USA Stock  

USD 2.65  0.01  0.38%

It appears Sphere 3D will continue to recover much faster as its share price surged up 29.94% today. The company's current daily volatility is 10.8 percent, with a beta of -0.03 and an alpha of 0.51 over DOW. As many of us are excited about business services, it is fair to break down Sphere 3D Corp. We will cover the possibilities of making Sphere 3D into a steady grower in September.
Published over three weeks ago
View all stories for Sphere 3D | View All Stories
Is Sphere 3D (NASDAQ:ANY) a good short term trade as volatility rises?
Sphere 3D Corp has roughly 374 K in cash with (1.9 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.05. We provide advice to complement the current expert consensus on Sphere 3D. Our dynamic recommendation engine harnesses a multidimensional algorithm to analyze the firm's potential to grow using all technical and fundamental data available at the time.
Investing in Sphere 3D, just like investing in any other equity instrument, is characterized by a strong risk-return correlation. High risks mean high returns and low risk means lower expected returns. Risk management is the act of identifying and assessing the potential risk and developing strategies to minimize these risks and earn maximum possible profits while holding Sphere 3D along with other instruments in the same portfolio. Using conventional technical analysis and fundamental analysis to select individual securities into a portfolio complements risk management and adds value to overall investors' investing strategies.

How important is Sphere 3D's Liquidity

Sphere 3D financial leverage refers to using borrowed capital as a funding source to finance Sphere 3D Corp ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Sphere 3D financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Sphere 3D's total debt and its cash.

How Sphere utilizes its cash?

To perform a cash flow analysis of Sphere 3D, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Sphere 3D is receiving and how much cash it distributes out in a given period. The Sphere 3D cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities. Sphere 3D Net Cash Flow from Operations is fairly stable at the moment as compared to the past year. Sphere 3D reported Net Cash Flow from Operations of (1.81 Million) in 2019

Sphere 3D Correlation with Peers

Investors in Sphere can reduce exposure to individual asset risk by holding a diversified portfolio of assets in addition to a long position in Sphere 3D Corp. Diversification will allow for the same portfolio return with reduced risk. The correlation table of Sphere 3D and its peers is a two-dimensional matrix that shows the correlation coefficient between pairs of securities Sphere is related in some way. The cells in the table are color-coded to highlight significantly positive and negative relationships. Each cell shows the correlation between one pair of equities and can be used to run pair trading strategies or create efficient portfolios with your current brokerage. Please check volatility of Sphere for more details

Acquisition by Cheemin BoLinn of 15853 shares of Sphere 3D subject to Rule 16b-3

Legal trades by Sphere 3D insiders are very common, as founders, directors, or employees of any publicly traded firm often have stock or stock options. These trades are made public in the United States through the filing of Form 4 of the Securities and Exchange Commission. Below entry was recorded recently and is publicly available as an insider trade:
Sphere insider trading alert for grant of common stock by Cheemin BoLinn, the corporate stakeholder, on 7th of September 2020. This event was filed by Sphere 3d Corp with SEC on 2018-05-10. Statement of changes in beneficial ownership - SEC Form 4 [view details]   
Note, although insider trading is legal, in the United States, Canada, Australia, and Germany, for mandatory reporting purposes, corporate insiders are defined as a company's officers, directors, and any beneficial owners of more than 10% of a class of the company's equity securities.

A Deeper Perspective

Sphere 3D appears to be abnormally volatile, given 1 month investment horizon. Sphere 3D Corp owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.0354, which indicates the firm had 0.0354% of return per unit of risk over the last month. Our standpoint towards measuring the volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Sphere 3D Corp, which you can use to evaluate future volatility of the company. Please operate Sphere 3D Coefficient Of Variation of 2115.11, semi deviation of 7.35, and Risk Adjusted Performance of 0.0753 to confirm if our risk estimates are consistent with your expectations.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Sphere 3D implied volatility may change after the rise

Current Sortino Ratio is up to 0.04. Price may slide again. Sphere 3D Corp is displaying above-average volatility over the selected time horizon. Investors should scrutinize Sphere 3D Corp independently to ensure intended market timing strategies are aligned with expectations about Sphere 3D volatility.

The Current Takeaway on Sphere 3D Investment

While many other companies under the software?application industry are still a bit expensive, Sphere 3D may offer a potential longer-term growth to investors. With a less-than optimistic outlook for your 30 days horizon, it may be a good time to quit some or all of your Sphere 3D holdings as it seems the potential growth was already fully factored into the current price. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Sphere 3D.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Achuva Shats do not own shares of Sphere 3D Corp. Please refer to our Terms of Use for any information regarding our disclosure principles.

Would you like to provide feedback on the content of this article?

You can get in touch with us directly or send us a quick note via email to editors@macroaxis.com