Spi Energy Co Stock Market Value
| SPI Stock | USD 0.53 0.05 10.42% |
| Symbol | SPI |
SPI Energy Price To Book Ratio
Is SPI Energy'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 SPI Energy. If investors know SPI 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 SPI Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.96) | Revenue Per Share 7.228 | Quarterly Revenue Growth 0.307 | Return On Assets (0.04) | Return On Equity (1.25) |
The market value of SPI Energy is measured differently than its book value, which is the value of SPI that is recorded on the company's balance sheet. Investors also form their own opinion of SPI Energy's value that differs from its market value or its book value, called intrinsic value, which is SPI Energy'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 SPI Energy's market value can be influenced by many factors that don't directly affect SPI Energy'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 SPI Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPI Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPI Energy'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.
SPI Energy '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 SPI Energy'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 SPI Energy.
| 05/05/2022 |
| 04/24/2024 |
If you would invest 0.00 in SPI Energy on May 5, 2022 and sell it all today you would earn a total of 0.00 from holding SPI Energy Co or generate 0.0% return on investment in SPI Energy over 720 days. SPI Energy is related to or competes with Sunnova Energy, Nextracker, Sunrun, and Maxeon Solar. SPI Energy Co., Ltd. provides photovoltaic and electric vehicle solutions for business, residential, government, and uti... More
SPI Energy 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 SPI Energy'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 SPI Energy Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 33.07 | |||
| Value At Risk | (7.81) | |||
| Potential Upside | 3.45 |
SPI Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SPI Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SPI Energy's standard deviation. In reality, there are many statistical measures that can use SPI Energy historical prices to predict the future SPI Energy's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.51) | |||
| Total Risk Alpha | (0.89) | |||
| Treynor Ratio | (0.07) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SPI Energy'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.
SPI Energy Backtested Returns
SPI Energy owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0139, which indicates the firm had a -0.0139% return per unit of volatility over the last 3 months. SPI Energy Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SPI Energy's variance of 22.65, and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The entity has a beta of 3.18, 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, SPI Energy will likely underperform. SPI Energy has an expected return of -0.0658%. Please make sure to validate SPI Energy potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if SPI Energy performance from the past will be repeated at future time.
Auto-correlation | 0.66 |
Good predictability
SPI Energy Co has good predictability. Overlapping area represents the amount of predictability between SPI Energy time series from 5th of May 2022 to 30th of April 2023 and 30th of April 2023 to 24th 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 SPI Energy price movement. The serial correlation of 0.66 indicates that around 66.0% of current SPI Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
SPI Energy lagged returns against current returns
Autocorrelation, which is SPI Energy 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 SPI Energy's stock expected returns. We can calculate the autocorrelation of SPI Energy returns to help us make a trade decision. For example, suppose you find that SPI Energy 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 |
SPI Energy 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 SPI Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SPI Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SPI Energy stock over time.
Current vs Lagged Prices |
| Timeline |
SPI Energy Lagged Returns
When evaluating SPI Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SPI Energy stock have on its future price. SPI Energy 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, SPI Energy autocorrelation shows the relationship between SPI Energy stock current value and its past values and can show if there is a momentum factor associated with investing in SPI Energy Co.
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 SPI Energy 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, SPI Energy's short interest history, or implied volatility extrapolated from SPI Energy options trading.
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When determining whether SPI Energy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of SPI Energy's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Spi Energy Co Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Spi Energy Co Stock:Check out SPI Energy Correlation, SPI Energy Volatility and SPI Energy Alpha and Beta module to complement your research on SPI Energy. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Complementary Tools for SPI Stock analysis
When running SPI Energy's price analysis, check to measure SPI Energy'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 SPI Energy is operating at the current time. Most of SPI Energy's value examination focuses on studying past and present price action to predict the probability of SPI Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SPI Energy's price. Additionally, you may evaluate how the addition of SPI Energy to your portfolios can decrease your overall portfolio volatility.
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SPI Energy 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.