Sphere 3d Corp Stock Volatility
| ANY Stock | USD 0.97 0.03 3.00% |
Sphere 3D Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.11, which indicates the firm had a -0.11% return per unit of risk over the last 3 months. Sphere 3D Corp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sphere 3D's Variance of 48.01, coefficient of variation of (688.12), and Risk Adjusted Performance of (0.08) to confirm the risk estimate we provide. Key indicators related to Sphere 3D's volatility include:
720 Days Market Risk | Chance Of Distress | 720 Days Economic Sensitivity |
Sphere 3D Stock volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Sphere daily returns, and it is calculated using variance and standard deviation. We also use Sphere's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Sphere 3D volatility.
Sphere |
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Sphere 3D can benefit from it. Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of Sphere 3D at lower prices. For example, an investor can purchase Sphere stock that has halved in price over a short period. This will lower your average cost per share, thereby improving your portfolio's performance when the markets normalize. Similarly, when the prices of Sphere 3D's stock rises, investors can sell out and invest the proceeds in other equities with better opportunities. Investing when markets are volatile with better valuations will accord both investors and companies the opportunity to generate better long-term returns.
Moving together with Sphere Stock
| 0.94 | U | Unity Software Aggressive Push | PairCorr |
| 0.67 | DT | Dynatrace Holdings LLC Financial Report 15th of May 2024 | PairCorr |
| 0.85 | DV | DoubleVerify Holdings Financial Report 8th of May 2024 | PairCorr |
| 0.84 | EB | Eventbrite Class A Financial Report 14th of May 2024 | PairCorr |
Moving against Sphere Stock
| 0.84 | ML | MoneyLion Financial Report 14th of May 2024 | PairCorr |
| 0.69 | DOCU | DocuSign Financial Report 13th of June 2024 | PairCorr |
| 0.44 | DJCO | Daily Journal Corp | PairCorr |
Sphere 3D Market Sensitivity And Downside Risk
Sphere 3D's beta coefficient measures the volatility of Sphere stock compared to the systematic risk of the entire market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents Sphere stock's returns against your selected market. In other words, Sphere 3D's beta of 4.0 provides an investor with an approximation of how much risk Sphere 3D stock can potentially add to one of your existing portfolios. Sphere 3D Corp is displaying above-average volatility over the selected time horizon. Sphere 3D Corp is a potential penny stock. Although Sphere 3D may be in fact a good instrument to invest, many penny stocks are speculative in nature and are subject to artificial price hype. Please make sure you totally understand the upside potential and downside risk of investing in Sphere 3D Corp. We encourage investors to look for signals such as email spams, message board hypes, claims of breakthroughs, volume upswings, sudden news releases, promotions that are not reported, or demotions released before SEC filings. Please also check biographies and work history of current and past company officers before investing in high volatility instruments, penny stocks, or equities with microcap classification. You can indeed make money on Sphere instrument if you perfectly time your entry and exit. However, remember that penny stocks that have been the subject of artificial hype usually unable to maintain their increased share price for more than just a few days. The price of a promoted high volatility instrument will almost always revert back. The only way to increase shareholder value is through legitimate performance backed up by solid fundamentals.
3 Months Beta |Analyze Sphere 3D Corp Demand TrendCheck current 90 days Sphere 3D correlation with market (NYSE Composite)Sphere Beta |
Sphere standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. A typical volatile entity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.
Standard Deviation | 7.04 |
It is essential to understand the difference between upside risk (as represented by Sphere 3D's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Sphere 3D's daily returns or price. Since the actual investment returns on holding a position in sphere stock tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in Sphere 3D.
Using Sphere Put Option to Manage Risk
Put options written on Sphere 3D grant holders of the option the right to sell a specified amount of Sphere 3D at a specified price within a specified time frame. The put buyer has a limited loss and, while not fully unlimited gains, as the price of Sphere Stock cannot fall below zero, the put buyer does gain as the price drops. So, one way investors can hedge Sphere 3D's position is by buying a put option against it. The put option used this way is usually referred to as insurance. If an undesired outcome occurs and loss on holding Sphere 3D will be realized, the loss incurred will be offset by the profits made with the option trade.
Sphere 3D's PUT expiring on 2024-05-17
Profit |
| Sphere 3D Price At Expiration |
Current Sphere 3D Insurance Chain
| Delta | Gamma | Open Int | Expiration | Current Spread | Last Price | |||
Put | 2024-05-17 PUT at $2.0 | -0.7016 | 0.4567 | 50 | 2024-05-17 | 1.0 - 1.25 | 0.85 | View |
Put | 2024-05-17 PUT at $1.5 | -0.7636 | 0.6961 | 3 | 2024-05-17 | 0.4 - 0.75 | 0.35 | View |
Put | 2024-05-17 PUT at $1.0 | -0.4596 | 1.1661 | 34 | 2024-05-17 | 0.05 - 0.15 | 0.15 | View |
Sphere 3D Corp Stock Volatility Analysis
Volatility refers to the frequency at which Sphere 3D stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Sphere 3D's price changes. Investors will then calculate the volatility of Sphere 3D's stock to predict their future moves. A stock that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A stock with relatively stable price changes has low volatility. A highly volatile stock is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of Sphere 3D's volatility:
Historical Volatility
This type of stock volatility measures Sphere 3D's fluctuations based on previous trends. It's commonly used to predict Sphere 3D's future behavior based on its past. However, it cannot conclusively determine the future direction of the stock.Implied Volatility
This type of volatility provides a positive outlook on future price fluctuations for Sphere 3D's current market price. This means that the stock will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Sphere 3D's to be redeemed at a future date.Transformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. Sphere 3D Corp Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
Sphere 3D Projected Return Density Against Market
Considering the 90-day investment horizon the stock has the beta coefficient of 4.0031 . This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Sphere 3D will likely underperform.Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Sphere 3D or Software sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Sphere 3D's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Sphere stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
Sphere 3D Corp has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Predicted Return Density |
| Returns |
What Drives a Sphere 3D Price Volatility?
Several factors can influence a stock's market volatility:Industry
Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.Political and Economic environment
When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.The Company's Performance
Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.Sphere 3D Stock Risk Measures
Considering the 90-day investment horizon the coefficient of variation of Sphere 3D is -894.1. The daily returns are distributed with a variance of 49.57 and standard deviation of 7.04. The mean deviation of Sphere 3D Corp is currently at 5.34. For similar time horizon, the selected benchmark (NYSE Composite) has volatility of 0.64
α | Alpha over NYSE Composite | -1.2 | |
β | Beta against NYSE Composite | 4.00 | |
σ | Overall volatility | 7.04 | |
Ir | Information ratio | -0.15 |
Sphere 3D Stock Return Volatility
Sphere 3D historical daily return volatility represents how much of Sphere 3D stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company has volatility of 7.0404% on return distribution over 90 days investment horizon. By contrast, NYSE Composite accepts 0.6216% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About Sphere 3D Volatility
Volatility is a rate at which the price of Sphere 3D or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Sphere 3D may increase or decrease. In other words, similar to Sphere's beta indicator, it measures the risk of Sphere 3D and helps estimate the fluctuations that may happen in a short period of time. So if prices of Sphere 3D fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.| Last Reported | Projected for Next Year | ||
| Selling And Marketing Expenses | 948 K | 900.6 K | |
| Market Cap | 40.3 M | 23.7 M |
Sphere 3D's stock volatility refers to the amount of uncertainty or risk involved with the size of changes in its stock's price. It is a statistical measure of the dispersion of returns on Sphere Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Sphere 3D's price varies over time.
3 ways to utilize Sphere 3D's volatility to invest better
Higher Sphere 3D's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Sphere 3D Corp stock is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. Sphere 3D Corp stock volatility can provide helpful information for making investment decisions in the following ways:- Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of Sphere 3D Corp investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Sphere 3D's stock can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
- Diversification: Understanding how the volatility of Sphere 3D's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Sphere 3D Investment Opportunity
Sphere 3D Corp has a volatility of 7.04 and is 11.35 times more volatile than NYSE Composite. 62 percent of all equities and portfolios are less risky than Sphere 3D. You can use Sphere 3D Corp to protect your portfolios against small market fluctuations. The stock experiences an unexpected downward movement. The market is reacting to new fundamentals. Check odds of Sphere 3D to be traded at $0.9312 in 90 days.Weak diversification
The correlation between Sphere 3D Corp and NYA is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sphere 3D Corp and NYA in the same portfolio, assuming nothing else is changed.
Sphere 3D Additional Risk Indicators
The analysis of Sphere 3D's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in Sphere 3D's investment and either accepting that risk or mitigating it. Along with some common measures of Sphere 3D stock's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Risk Adjusted Performance | (0.08) | |||
| Market Risk Adjusted Performance | (0.24) | |||
| Mean Deviation | 5.25 | |||
| Coefficient Of Variation | (688.12) | |||
| Standard Deviation | 6.93 | |||
| Variance | 48.01 | |||
| Information Ratio | (0.15) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stocks, we recommend comparing similar stocks with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Sphere 3D Suggested Diversification Pairs
Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
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The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Sphere 3D as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Sphere 3D's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Sphere 3D's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Sphere 3D Corp.
When determining whether Sphere 3D Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Sphere 3D'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 Sphere 3d Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Sphere 3d Corp Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sphere 3D Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Complementary Tools for Sphere Stock analysis
When running Sphere 3D's price analysis, check to measure Sphere 3D'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 Sphere 3D is operating at the current time. Most of Sphere 3D's value examination focuses on studying past and present price action to predict the probability of Sphere 3D's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sphere 3D's price. Additionally, you may evaluate how the addition of Sphere 3D to your portfolios can decrease your overall portfolio volatility.
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Is Sphere 3D'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 Sphere 3D. If investors know Sphere 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 Sphere 3D listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.93) | Revenue Per Share 1.806 | Quarterly Revenue Growth 4.385 | Return On Assets (0.17) | Return On Equity (0.42) |
The market value of Sphere 3D Corp is measured differently than its book value, which is the value of Sphere that is recorded on the company's balance sheet. Investors also form their own opinion of Sphere 3D's value that differs from its market value or its book value, called intrinsic value, which is Sphere 3D'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 Sphere 3D's market value can be influenced by many factors that don't directly affect Sphere 3D'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 Sphere 3D's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sphere 3D is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sphere 3D'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.