Sharps Story

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SMED -- USA Stock  

USD 6.79  0.37  5.17%

Whilst many millenniums are getting more into industrials space, it makes sense to digest Sharps Compliance Corp against current trends within the economy. As we have suggested previously, Sharps Compliance is beginning its dip as shareholders shift to be more bearish due to the increased sector volatility. The returns on investing in Sharps Compliance and the market returns of the last few months appear uncorrelated. Unsteady basic indicators of the firm may also indicate signs of longer-term losses for Sharps shareholders. Sharps Compliance Corp is scheduled to announce its earnings today.
Published over a month ago
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Our latest technical analysis of Sharps Compliance Corp (NASDAQ:SMED)
The company's average rating is Buy from 5 analysts. Do analysts base this consensus on technical analyses? We know that typical technical analysis utilizes price momentum, patterns, and trends looking at historical prices. It aims to identify signals based on Sharps Compliance market sentiment investors' perception of the future value of Sharps. Let us look at a few aspects of Sharps technical analysis.
Using predictive technical analysis, we will analyze different prices and returns patterns and diagnose historical swings to determine the real value of Sharps Compliance Corp. In general, we focus on analyzing Sharps Compliance stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Sharps Compliance's daily price indicators and compare them against related drivers such as momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Sharps Compliance's intrinsic value. In addition to deriving basic predictive indicators for Sharps Compliance, we also check how macroeconomic factors affect Sharps Compliance price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.

How does Sharps Stands against Peers?

Analyzing Sharps Compliance competition or peers my help you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Try to analyze the advantages of investing in traded instruments related to Sharps Compliance across multiple sectors and thematic ideas. A good competitive analysis can cover a lot of different areas. But what areas to choose depends on who you are. The more exhaustive you are in your analysis, the more effective your competitive analysis will be.
Check out Sharps Compliance Competition Details

How Sharps utilizes its cash?

To perform a cash flow analysis of Sharps Compliance, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Sharps Compliance is receiving and how much cash it distributes out in a given period. The Sharps Compliance cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.

Closer look at Sharps Compliance Mean Deviation

Sharps Compliance Corp has current Mean Deviation of 2.87. The mean deviation of the equity instrument is the first measure of the distances between each value of security historical prices and the mean. It gives us an idea of how spread out from the center the distribution of returns.

Mean Deviation is the average of the absolute values of the differences between price distribution numbers and their mean. Mean deviation of equity instrument with a lot of historical data is a biased estimator because the time horizon used in calculation will always be much smaller than the entire price history of the equity. The mean deviation is typically used as a measure of dispersion for small investment horizon, otherwise standard deviation is a better measure of dispersion.

Mean Deviation 
 = 
SUM(RET DEV) 
 = 
2.87
SUM = Summation notation
RET DEV = Sum of return deviations of Sharps Compliance
N = Number of calculation points for selected time horizon
Let's now compare Sharps Compliance Mean Deviation to its closest peers:
SMED
WM
WCN
VEOEY
SRCL
SMED2.8716620909090906
WM1.13
WCN1.16
VEOEY1.82
SRCL1.76

Another setback for Sharps Compliance shareholders

Latest value at risk is at -5.46. Sharps Compliance Corp shows above-average downside volatility for the selected time horizon. We advise investors to inspect Sharps Compliance Corp further and ensure that all market timing and asset allocation strategies are consistent with the estimation of Sharps Compliance future alpha.

Our Final Take On Sharps Compliance

Although other companies within the waste management industry are still a little expensive, even after the recent corrections, Sharps Compliance may offer a potential longer-term growth to shareholders. While some shareholders may not share our view, we believe that right now is not a good time to increase your holdings in Sharps. 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 Sharps Compliance.

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 Raphi Shpitalnik do not own shares of Sharps Compliance Corp. Please refer to our Terms of Use for any information regarding our disclosure principles.

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