Shopify Stock Performance
SHOP Stock | CAD 96.65 2.38 2.40% |
The entity has a beta of -0.36, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Shopify are expected to decrease at a much lower rate. During the bear market, Shopify is likely to outperform the market. Shopify has an expected return of -0.058%. Please make sure to validate Shopify maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Shopify performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Shopify has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy basic indicators, Shopify is not utilizing all of its potentials. The latest stock price disarray, may contribute to short-term losses for the investors. ...more
Last Split Factor 10:1 | Last Split Date 2022-06-29 |
1 | Stock Market Today Dow Jones, Nasdaq Sink Shopify Stock Plunges - Investors Business Daily | 02/13/2024 |
2 | 3 Reasons to Buy Shopify Like Theres No Tomorrow - Yahoo Finance | 03/07/2024 |
3 | Shopify Inc. Is a Trending Stock Facts to Know Before Betting on It - Yahoo Finance | 03/12/2024 |
4 | Sound Income Strategies LLC Increases Stock Holdings in Shopify Inc. - Defense World | 03/20/2024 |
5 | Is Shopify Inc Stock Worth a Buy Monday - InvestorsObserver | 03/25/2024 |
6 | Shopify shares target raised by Baird on growth prospects - Investing.com | 04/03/2024 |
7 | Closing Bell Shopify Inc up on Wednesday - The Globe and Mail | 04/17/2024 |
8 | How Shopify Stock Soared 200 percent and Turned Around a Post-Pandemic Slump - Business Insider | 04/29/2024 |
Begin Period Cash Flow | 1.6 B |
Shopify |
Shopify Relative Risk vs. Return Landscape
If you would invest 10,270 in Shopify on February 1, 2024 and sell it today you would lose (605.00) from holding Shopify or give up 5.89% of portfolio value over 90 days. Shopify is generating negative expected returns and assumes 2.8212% volatility on return distribution over the 90 days horizon. Simply put, 24% of stocks are less volatile than Shopify, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
Risk |
Shopify Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shopify's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Shopify, and traders can use it to determine the average amount a Shopify's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0206
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Negative Returns | SHOP |
Estimated Market Risk
2.82 actual daily | 24 76% of assets are more volatile |
Expected Return
-0.06 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Shopify is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Shopify by adding Shopify to a well-diversified portfolio.
Shopify Fundamentals Growth
Shopify Stock prices reflect investors' perceptions of the future prospects and financial health of Shopify, and Shopify fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Shopify Stock performance.
Return On Equity | 0.0153 | ||||
Return On Asset | 0.0147 | ||||
Profit Margin | 0.02 % | ||||
Operating Margin | 0.22 % | ||||
Current Valuation | 123.58 B | ||||
Shares Outstanding | 1.21 B | ||||
Price To Earning | 3.13 X | ||||
Price To Book | 10.00 X | ||||
Price To Sales | 17.47 X | ||||
Revenue | 7.06 B | ||||
Gross Profit | 2.75 B | ||||
EBITDA | (88 M) | ||||
Net Income | 132 M | ||||
Cash And Equivalents | 1.65 B | ||||
Cash Per Share | 5.48 X | ||||
Total Debt | 1.15 B | ||||
Debt To Equity | 0.14 % | ||||
Current Ratio | 11.17 X | ||||
Book Value Per Share | 7.05 X | ||||
Cash Flow From Operations | 944 M | ||||
Earnings Per Share | 0.14 X | ||||
Market Capitalization | 127.29 B | ||||
Total Asset | 11.3 B | ||||
Retained Earnings | (390 M) | ||||
Working Capital | 5.38 B | ||||
Current Asset | 2.07 B | ||||
Current Liabilities | 134.67 M | ||||
About Shopify Performance
To evaluate Shopify Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Shopify generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Shopify Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Shopify market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Shopify's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.Last Reported | Projected for Next Year | ||
Days Of Inventory On Hand | 10.89 | 9.45 | |
Return On Tangible Assets | 0.01 | 0.01 | |
Return On Capital Employed | (0.14) | (0.13) | |
Return On Assets | 0.01 | 0.01 | |
Return On Equity | 0.01 | 0.02 |
Things to note about Shopify performance evaluation
Checking the ongoing alerts about Shopify for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Shopify help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.Shopify generated a negative expected return over the last 90 days | |
About 71.0% of the company shares are owned by institutional investors | |
Latest headline from news.google.com: How Shopify Stock Soared 200 percent and Turned Around a Post-Pandemic Slump - Business Insider |
- Analyzing Shopify's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Shopify's stock is overvalued or undervalued compared to its peers.
- Examining Shopify's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Shopify's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Shopify's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Shopify's stock. These opinions can provide insight into Shopify's potential for growth and whether the stock is currently undervalued or overvalued.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Shopify. 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. To learn how to invest in Shopify Stock, please use our How to Invest in Shopify guide.You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Complementary Tools for Shopify Stock analysis
When running Shopify's price analysis, check to measure Shopify'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 Shopify is operating at the current time. Most of Shopify's value examination focuses on studying past and present price action to predict the probability of Shopify's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shopify's price. Additionally, you may evaluate how the addition of Shopify to your portfolios can decrease your overall portfolio volatility.
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