Spotify Technology Sa Stock Market Value
| SPOT Stock | USD 324.75 1.93 0.59% |
| Symbol | Spotify |
Spotify Technology Price To Book Ratio
Is Movies & Entertainment space 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 Spotify Technology. If investors know Spotify 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 Spotify Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.569 | Earnings Share (0.66) | Revenue Per Share 70.672 | Quarterly Revenue Growth 0.195 | Return On Assets 0.0182 |
The market value of Spotify Technology is measured differently than its book value, which is the value of Spotify that is recorded on the company's balance sheet. Investors also form their own opinion of Spotify Technology's value that differs from its market value or its book value, called intrinsic value, which is Spotify Technology'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 Spotify Technology's market value can be influenced by many factors that don't directly affect Spotify Technology'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 Spotify Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Spotify Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Spotify Technology'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.
Spotify Technology '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 Spotify Technology'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 Spotify Technology.
| 03/07/2024 |
| 06/05/2024 |
If you would invest 0.00 in Spotify Technology on March 7, 2024 and sell it all today you would earn a total of 0.00 from holding Spotify Technology SA or generate 0.0% return on investment in Spotify Technology over 90 days. Spotify Technology is related to or competes with Baidu, Twilio, Weibo Corp, YY, DouYu International, Autohome, and Hello. Spotify Technology S.A., together with its subsidiaries, provides audio streaming services worldwide More
Spotify Technology 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 Spotify Technology'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 Spotify Technology SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.21 | |||
| Information Ratio | 0.1225 | |||
| Maximum Drawdown | 18.69 | |||
| Value At Risk | (3.31) | |||
| Potential Upside | 4.85 |
Spotify Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Spotify Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Spotify Technology's standard deviation. In reality, there are many statistical measures that can use Spotify Technology historical prices to predict the future Spotify Technology's volatility.| Risk Adjusted Performance | 0.0886 | |||
| Jensen Alpha | 0.3433 | |||
| Total Risk Alpha | 0.3102 | |||
| Sortino Ratio | 0.155 | |||
| Treynor Ratio | 0.3577 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Spotify Technology'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.
Spotify Technology Backtested Returns
Spotify Technology appears to be very steady, given 3 months investment horizon. Spotify Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the firm had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Spotify Technology SA, which you can use to evaluate the volatility of the company. Please review Spotify Technology's Coefficient Of Variation of 772.71, semi deviation of 1.93, and Risk Adjusted Performance of 0.0886 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Spotify Technology holds a performance score of 9. The entity has a beta of 0.99, which indicates possible diversification benefits within a given portfolio. Spotify Technology returns are very sensitive to returns on the market. As the market goes up or down, Spotify Technology is expected to follow. Please check Spotify Technology's potential upside, as well as the relationship between the accumulation distribution and period momentum indicator , to make a quick decision on whether Spotify Technology's existing price patterns will revert.
Auto-correlation | 0.52 |
Modest predictability
Spotify Technology SA has modest predictability. Overlapping area represents the amount of predictability between Spotify Technology time series from 7th of March 2024 to 21st of April 2024 and 21st of April 2024 to 5th of June 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 Spotify Technology price movement. The serial correlation of 0.52 indicates that about 52.0% of current Spotify Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 133.93 |
Spotify Technology lagged returns against current returns
Autocorrelation, which is Spotify Technology 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 Spotify Technology's stock expected returns. We can calculate the autocorrelation of Spotify Technology returns to help us make a trade decision. For example, suppose you find that Spotify Technology 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 |
Spotify Technology 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 Spotify Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Spotify Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Spotify Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Spotify Technology Lagged Returns
When evaluating Spotify Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Spotify Technology stock have on its future price. Spotify Technology 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, Spotify Technology autocorrelation shows the relationship between Spotify Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Spotify Technology SA.
Regressed Prices |
| Timeline |
Pair Trading with Spotify Technology
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 Spotify Technology 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 Spotify Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with Spotify Stock
Moving against Spotify Stock
| 0.85 | CCG | Cheche Group Report 25th of September 2024 | PairCorr |
| 0.79 | GETY | Getty Images Holdings | PairCorr |
| 0.73 | Z | Zillow Group Class | PairCorr |
| 0.69 | ZH | Zhihu Inc ADR | PairCorr |
| 0.68 | SLE | Super League Enterprise Symbol Change | PairCorr |
The ability to find closely correlated positions to Spotify Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Spotify Technology 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 Spotify Technology - 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 Spotify Technology SA to buy it.
The correlation of Spotify Technology 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 Spotify Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Spotify Technology 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 Spotify Technology 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.Additional Tools for Spotify Stock Analysis
When running Spotify Technology's price analysis, check to measure Spotify Technology'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 Spotify Technology is operating at the current time. Most of Spotify Technology's value examination focuses on studying past and present price action to predict the probability of Spotify Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spotify Technology's price. Additionally, you may evaluate how the addition of Spotify Technology to your portfolios can decrease your overall portfolio volatility.