Audioeye Stock Market Value
AEYE Stock | USD 13.01 0.55 4.41% |
Symbol | AudioEye |
AudioEye Price To Book Ratio
Is AudioEye'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 AudioEye. If investors know AudioEye 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 AudioEye listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.50) | Revenue Per Share 2.662 | Quarterly Revenue Growth 0.017 | Return On Assets (0.12) | Return On Equity (0.68) |
The market value of AudioEye is measured differently than its book value, which is the value of AudioEye that is recorded on the company's balance sheet. Investors also form their own opinion of AudioEye's value that differs from its market value or its book value, called intrinsic value, which is AudioEye'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 AudioEye's market value can be influenced by many factors that don't directly affect AudioEye'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 AudioEye's value and its price as these two are different measures arrived at by different means. Investors typically determine if AudioEye is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AudioEye'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.
AudioEye '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 AudioEye'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 AudioEye.
03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in AudioEye on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding AudioEye or generate 0.0% return on investment in AudioEye over 30 days. AudioEye is related to or competes with Alkami Technology, Agilysys, ADEIA P, Paycor HCM, Hitek Global, AgoraInc, and EGain. AudioEye, Inc. provides patented, internet content publication, distribution software, and related services to Internet,... More
AudioEye 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 AudioEye'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 AudioEye upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 4.35 | |||
Information Ratio | 0.253 | |||
Maximum Drawdown | 35.4 | |||
Value At Risk | (5.80) | |||
Potential Upside | 9.42 |
AudioEye Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AudioEye's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AudioEye's standard deviation. In reality, there are many statistical measures that can use AudioEye historical prices to predict the future AudioEye's volatility.Risk Adjusted Performance | 0.1723 | |||
Jensen Alpha | 1.49 | |||
Total Risk Alpha | 1.03 | |||
Sortino Ratio | 0.3551 | |||
Treynor Ratio | 0.8312 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of AudioEye'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.
AudioEye Backtested Returns
AudioEye is slightly risky given 3 months investment horizon. AudioEye secures Sharpe Ratio (or Efficiency) of 0.26, which signifies that the company had a 0.26% return per unit of standard deviation over the last 3 months. We have analyzed and interpolated twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.64% are justified by taking the suggested risk. Use AudioEye mean deviation of 4.39, and Risk Adjusted Performance of 0.1723 to evaluate company specific risk that cannot be diversified away. AudioEye holds a performance score of 20 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 1.93, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, AudioEye will likely underperform. Use AudioEye potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to analyze future returns on AudioEye.
Auto-correlation | -0.55 |
Good reverse predictability
AudioEye has good reverse predictability. Overlapping area represents the amount of predictability between AudioEye time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 AudioEye price movement. The serial correlation of -0.55 indicates that about 55.0% of current AudioEye price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.55 | |
Spearman Rank Test | -0.61 | |
Residual Average | 0.0 | |
Price Variance | 3.21 |
AudioEye lagged returns against current returns
Autocorrelation, which is AudioEye 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 AudioEye's stock expected returns. We can calculate the autocorrelation of AudioEye returns to help us make a trade decision. For example, suppose you find that AudioEye 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 |
AudioEye 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 AudioEye stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AudioEye stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AudioEye stock over time.
Current vs Lagged Prices |
Timeline |
AudioEye Lagged Returns
When evaluating AudioEye's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AudioEye stock have on its future price. AudioEye 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, AudioEye autocorrelation shows the relationship between AudioEye stock current value and its past values and can show if there is a momentum factor associated with investing in AudioEye.
Regressed Prices |
Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards AudioEye in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, AudioEye's short interest history, or implied volatility extrapolated from AudioEye options trading.
Pair Trading with AudioEye
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if AudioEye position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in AudioEye will appreciate offsetting losses from the drop in the long position's value.Moving against AudioEye Stock
0.87 | U | Unity Software Financial Report 8th of May 2024 | PairCorr |
0.85 | WK | Workiva Financial Report 7th of May 2024 | PairCorr |
0.81 | DOMO | Domo Inc Financial Report 23rd of May 2024 | PairCorr |
0.79 | EB | Eventbrite Class A Financial Report 14th of May 2024 | PairCorr |
0.77 | DT | Dynatrace Holdings LLC Buyout Trend | PairCorr |
The ability to find closely correlated positions to AudioEye could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AudioEye when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back AudioEye - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling AudioEye to buy it.
The correlation of AudioEye is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AudioEye moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AudioEye moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for AudioEye can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out AudioEye Correlation, AudioEye Volatility and AudioEye Alpha and Beta module to complement your research on AudioEye. For information on how to trade AudioEye Stock refer to our How to Trade AudioEye Stock guide.You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Complementary Tools for AudioEye Stock analysis
When running AudioEye's price analysis, check to measure AudioEye'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 AudioEye is operating at the current time. Most of AudioEye's value examination focuses on studying past and present price action to predict the probability of AudioEye's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AudioEye's price. Additionally, you may evaluate how the addition of AudioEye to your portfolios can decrease your overall portfolio volatility.
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