Simulations Plus Stock Market Value
| SLP Stock | USD 44.70 0.66 1.46% |
| Symbol | Simulations |
Is Simulations Plus' 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 Simulations Plus. If investors know Simulations 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 Simulations Plus listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Simulations Plus is measured differently than its book value, which is the value of Simulations that is recorded on the company's balance sheet. Investors also form their own opinion of Simulations Plus' value that differs from its market value or its book value, called intrinsic value, which is Simulations Plus' 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 Simulations Plus' market value can be influenced by many factors that don't directly affect Simulations Plus' 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 Simulations Plus' value and its price as these two are different measures arrived at by different means. Investors typically determine if Simulations Plus is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Simulations Plus' 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.
Simulations Plus '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 Simulations Plus' 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 Simulations Plus.
| 01/18/2024 |
| 04/17/2024 |
If you would invest 0.00 in Simulations Plus on January 18, 2024 and sell it all today you would earn a total of 0.00 from holding Simulations Plus or generate 0.0% return on investment in Simulations Plus over 90 days. Simulations Plus is related to or competes with Definitive Healthcare, National Research, Evolent Health, Privia Health, HealthStream, Forian, and HealthEquity. Simulations Plus, Inc. develops drug discovery and development software for modeling and simulation, and prediction of m... More
Simulations Plus 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 Simulations Plus' 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 Simulations Plus upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.85 | |||
| Information Ratio | 0.0706 | |||
| Maximum Drawdown | 29.29 | |||
| Value At Risk | (4.17) | |||
| Potential Upside | 5.1 |
Simulations Plus Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Simulations Plus' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Simulations Plus' standard deviation. In reality, there are many statistical measures that can use Simulations Plus historical prices to predict the future Simulations Plus' volatility.| Risk Adjusted Performance | 0.0618 | |||
| Jensen Alpha | 0.2609 | |||
| Total Risk Alpha | 0.0395 | |||
| Sortino Ratio | 0.0984 | |||
| Treynor Ratio | 0.2292 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Simulations Plus' 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.
Simulations Plus Backtested Returns
Simulations Plus appears to be very steady, given 3 months investment horizon. Simulations Plus owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0846, which indicates the firm had a 0.0846% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Simulations Plus, which you can use to evaluate the volatility of the company. Please review Simulations Plus' Risk Adjusted Performance of 0.0618, coefficient of variation of 1181.82, and Semi Deviation of 2.6 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Simulations Plus holds a performance score of 6. The entity has a beta of 1.42, which indicates 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, Simulations Plus will likely underperform. Please check Simulations Plus' expected short fall, and the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether Simulations Plus' existing price patterns will revert.
Auto-correlation | 0.20 |
Weak predictability
Simulations Plus has weak predictability. Overlapping area represents the amount of predictability between Simulations Plus time series from 18th of January 2024 to 3rd of March 2024 and 3rd of March 2024 to 17th 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 Simulations Plus price movement. The serial correlation of 0.2 indicates that over 20.0% of current Simulations Plus price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 8.36 |
Simulations Plus lagged returns against current returns
Autocorrelation, which is Simulations Plus 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 Simulations Plus' stock expected returns. We can calculate the autocorrelation of Simulations Plus returns to help us make a trade decision. For example, suppose you find that Simulations Plus 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 |
Simulations Plus 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 Simulations Plus stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Simulations Plus stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Simulations Plus stock over time.
Current vs Lagged Prices |
| Timeline |
Simulations Plus Lagged Returns
When evaluating Simulations Plus' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Simulations Plus stock have on its future price. Simulations Plus 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, Simulations Plus autocorrelation shows the relationship between Simulations Plus stock current value and its past values and can show if there is a momentum factor associated with investing in Simulations Plus.
Regressed Prices |
| Timeline |
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Check out Simulations Plus Correlation, Simulations Plus Volatility and Simulations Plus Alpha and Beta module to complement your research on Simulations Plus. To learn how to invest in Simulations Stock, please use our How to Invest in Simulations Plus guide.You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Complementary Tools for Simulations Stock analysis
When running Simulations Plus' price analysis, check to measure Simulations Plus' 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 Simulations Plus is operating at the current time. Most of Simulations Plus' value examination focuses on studying past and present price action to predict the probability of Simulations Plus' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Simulations Plus' price. Additionally, you may evaluate how the addition of Simulations Plus to your portfolios can decrease your overall portfolio volatility.
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Simulations Plus 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.