Streamline Health Solutions Stock Market Value
| STRM Stock | USD 0.36 0.03 9.09% |
| Symbol | Streamline |
Streamline Health Price To Book Ratio
Is Streamline Health'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 Streamline Health. If investors know Streamline 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 Streamline Health 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 12.131 | Earnings Share (0.35) | Revenue Per Share 0.428 | Quarterly Revenue Growth (0.01) | Return On Assets (0.11) |
The market value of Streamline Health is measured differently than its book value, which is the value of Streamline that is recorded on the company's balance sheet. Investors also form their own opinion of Streamline Health's value that differs from its market value or its book value, called intrinsic value, which is Streamline Health'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 Streamline Health's market value can be influenced by many factors that don't directly affect Streamline Health'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 Streamline Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Streamline Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Streamline Health'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.
Streamline Health '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 Streamline Health'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 Streamline Health.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Streamline Health on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Streamline Health Solutions or generate 0.0% return on investment in Streamline Health over 30 days. Streamline Health is related to or competes with Veeva Systems, American WellCorp, GE HealthCare, 10X Genomics, Progyny, HealthEquity, and R1 RCM. Streamline Health Solutions, Inc. offers health information technology solutions and associated services for hospitals a... More
Streamline Health 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 Streamline Health'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 Streamline Health Solutions upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.05 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 44.75 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 16.28 |
Streamline Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Streamline Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Streamline Health's standard deviation. In reality, there are many statistical measures that can use Streamline Health historical prices to predict the future Streamline Health's volatility.| Risk Adjusted Performance | 0.0093 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.74) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Streamline Health'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.
Streamline Health Backtested Returns
Streamline Health appears to be out of control, given 3 months investment horizon. Streamline Health owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.025, which indicates the firm had a 0.025% return per unit of risk over the last 3 months. We have found thirty technical indicators for Streamline Health Solutions, which you can use to evaluate the volatility of the company. Please review Streamline Health's Coefficient Of Variation of 628012.82, risk adjusted performance of 0.0093, and Semi Deviation of 5.16 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Streamline Health holds a performance score of 1. The entity has a beta of 1.2, 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, Streamline Health will likely underperform. Please check Streamline Health's potential upside, as well as the relationship between the kurtosis and day typical price , to make a quick decision on whether Streamline Health's existing price patterns will revert.
Auto-correlation | 0.75 |
Good predictability
Streamline Health Solutions has good predictability. Overlapping area represents the amount of predictability between Streamline Health 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 Streamline Health price movement. The serial correlation of 0.75 indicates that around 75.0% of current Streamline Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Streamline Health lagged returns against current returns
Autocorrelation, which is Streamline Health 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 Streamline Health's stock expected returns. We can calculate the autocorrelation of Streamline Health returns to help us make a trade decision. For example, suppose you find that Streamline Health 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 |
Streamline Health 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 Streamline Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Streamline Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Streamline Health stock over time.
Current vs Lagged Prices |
| Timeline |
Streamline Health Lagged Returns
When evaluating Streamline Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Streamline Health stock have on its future price. Streamline Health 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, Streamline Health autocorrelation shows the relationship between Streamline Health stock current value and its past values and can show if there is a momentum factor associated with investing in Streamline Health Solutions.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Streamline Health is a strong investment it is important to analyze Streamline Health's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Streamline Health's future performance. For an informed investment choice regarding Streamline Stock, refer to the following important reports:Check out Streamline Health Correlation, Streamline Health Volatility and Streamline Health Alpha and Beta module to complement your research on Streamline Health. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Complementary Tools for Streamline Stock analysis
When running Streamline Health's price analysis, check to measure Streamline Health'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 Streamline Health is operating at the current time. Most of Streamline Health's value examination focuses on studying past and present price action to predict the probability of Streamline Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Streamline Health's price. Additionally, you may evaluate how the addition of Streamline Health to your portfolios can decrease your overall portfolio volatility.
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios |
Streamline Health 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.