Sharps Story

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SMED -- USA Stock  

USD 6.43  0.21  3.16%

It looks as if Sharps Compliance may not recover as fast as we have hopped for as its price went down 1.29% today. Sharps Compliance Corp's current daily volatility is 3.63 percent, with a beta of -0.16 and an alpha of 0.55 over DOW. As many baby boomers are still indifferent towards current volatility, Sharps Compliance Corp. What exactly are Sharps Compliance shareholders getting in September?
Published over a month ago
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Should you keep an eye on Sharps Compliance (NASDAQ:SMED) management before September?
The company conducts business under Industrials sector and is part of Waste Management industry. The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Sharps Compliance has an asset utilization ratio of 140.26 percent. This indicates that the company is making $1.4 for each dollar of assets. An increasing asset utilization means that Sharps Compliance Corp is more efficient with each dollar of assets it utilizes for everyday operations.
Investing in Sharps Compliance, 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 Sharps Compliance 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 Sharps Compliance's Liquidity

Sharps Compliance financial leverage refers to using borrowed capital as a funding source to finance Sharps Compliance Corp ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Sharps Compliance 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 Sharps Compliance's total debt and its cash.

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.

Sharps Compliance Correlation with Peers

Investors in Sharps can reduce exposure to individual asset risk by holding a diversified portfolio of assets in addition to a long position in Sharps Compliance Corp. Diversification will allow for the same portfolio return with reduced risk. The correlation table of Sharps Compliance and its peers is a two-dimensional matrix that shows the correlation coefficient between pairs of securities Sharps 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 Sharps for more details

Going after Sharps Financials

Sharps Compliance appears to be slightly risky, given 1 month investment horizon. Sharps Compliance Corp owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.11, which indicates the firm had 0.11% 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-eight technical indicators for Sharps Compliance Corp, which you can use to evaluate future volatility of the company. Please operate Sharps Compliance Semi Deviation of 2.76, risk adjusted performance of 0.2172, and Coefficient Of Variation of 700.79 to confirm if our risk estimates are consistent with your expectations.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Our Sharps analysis indicates possible reversion in September

Latest Sortino Ratio is up to 0.1. Price may dip again. 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 Takeaway on Sharps Compliance Investment

Although some firms under the waste management industry are still a bit expensive, Sharps Compliance may offer a potential longer-term growth to shareholders. With a less-than optimistic outlook for your 30 days horizon, it may be a good time to exit some or all of your Sharps Compliance 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 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 Gabriel 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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