Shenandoah Telecommunications Co Stock Market Value
| SHEN Stock | USD 12.84 0.17 1.34% |
| Symbol | Shenandoah |
Shenandoah Telecommunicatio Price To Book Ratio
Is Wireless Telecommunication Services 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 Shenandoah Telecommunicatio. If investors know Shenandoah 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 Shenandoah Telecommunicatio 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 116.295 | Dividend Share 0.09 | Earnings Share (0.27) | Revenue Per Share 6.243 | Quarterly Revenue Growth 0.3 |
The market value of Shenandoah Telecommunicatio is measured differently than its book value, which is the value of Shenandoah that is recorded on the company's balance sheet. Investors also form their own opinion of Shenandoah Telecommunicatio's value that differs from its market value or its book value, called intrinsic value, which is Shenandoah Telecommunicatio'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 Shenandoah Telecommunicatio's market value can be influenced by many factors that don't directly affect Shenandoah Telecommunicatio'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 Shenandoah Telecommunicatio's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shenandoah Telecommunicatio is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shenandoah Telecommunicatio'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.
Shenandoah Telecommunicatio '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 Shenandoah Telecommunicatio'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 Shenandoah Telecommunicatio.
| 11/26/2024 |
| 12/26/2024 |
If you would invest 0.00 in Shenandoah Telecommunicatio on November 26, 2024 and sell it all today you would earn a total of 0.00 from holding Shenandoah Telecommunications Co or generate 0.0% return on investment in Shenandoah Telecommunicatio over 30 days. Shenandoah Telecommunicatio is related to or competes with Anterix, Liberty Broadband, Ooma, IDT, Radcom, SK Telecom, and Liberty Broadband. Shenandoah Telecommunications Company, together with its subsidiaries, provides a range of broadband communication servi... More
Shenandoah Telecommunicatio 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 Shenandoah Telecommunicatio'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 Shenandoah Telecommunications Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 25.16 | |||
| Value At Risk | (3.94) | |||
| Potential Upside | 4.18 |
Shenandoah Telecommunicatio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shenandoah Telecommunicatio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shenandoah Telecommunicatio's standard deviation. In reality, there are many statistical measures that can use Shenandoah Telecommunicatio historical prices to predict the future Shenandoah Telecommunicatio's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (0.14) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Shenandoah Telecommunicatio'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.
Shenandoah Telecommunicatio Backtested Returns
Shenandoah Telecommunicatio owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0387, which indicates the firm had a -0.0387% return per unit of risk over the last 3 months. Shenandoah Telecommunications Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shenandoah Telecommunicatio's Risk Adjusted Performance of (0.04), coefficient of variation of (1,641), and Variance of 11.37 to confirm the risk estimate we provide. The entity has a beta of 1.54, 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, Shenandoah Telecommunicatio will likely underperform. At this point, Shenandoah Telecommunicatio has a negative expected return of -0.13%. Please make sure to validate Shenandoah Telecommunicatio's maximum drawdown, as well as the relationship between the accumulation distribution and market facilitation index , to decide if Shenandoah Telecommunicatio performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.59 |
Good reverse predictability
Shenandoah Telecommunications Co has good reverse predictability. Overlapping area represents the amount of predictability between Shenandoah Telecommunicatio time series from 26th of November 2024 to 11th of December 2024 and 11th of December 2024 to 26th of December 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 Shenandoah Telecommunicatio price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Shenandoah Telecommunicatio price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Shenandoah Telecommunicatio lagged returns against current returns
Autocorrelation, which is Shenandoah Telecommunicatio 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 Shenandoah Telecommunicatio's stock expected returns. We can calculate the autocorrelation of Shenandoah Telecommunicatio returns to help us make a trade decision. For example, suppose you find that Shenandoah Telecommunicatio 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 |
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Shenandoah Telecommunicatio 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 Shenandoah Telecommunicatio stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shenandoah Telecommunicatio stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shenandoah Telecommunicatio stock over time.
Current vs Lagged Prices |
| Timeline |
Shenandoah Telecommunicatio Lagged Returns
When evaluating Shenandoah Telecommunicatio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shenandoah Telecommunicatio stock have on its future price. Shenandoah Telecommunicatio 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, Shenandoah Telecommunicatio autocorrelation shows the relationship between Shenandoah Telecommunicatio stock current value and its past values and can show if there is a momentum factor associated with investing in Shenandoah Telecommunications Co.
Regressed Prices |
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Pair Trading with Shenandoah Telecommunicatio
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 Shenandoah Telecommunicatio 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 Shenandoah Telecommunicatio will appreciate offsetting losses from the drop in the long position's value.Moving against Shenandoah Stock
The ability to find closely correlated positions to Shenandoah Telecommunicatio could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shenandoah Telecommunicatio 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 Shenandoah Telecommunicatio - 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 Shenandoah Telecommunications Co to buy it.
The correlation of Shenandoah Telecommunicatio 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 Shenandoah Telecommunicatio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Shenandoah Telecommunicatio 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 Shenandoah Telecommunicatio 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.Check out Shenandoah Telecommunicatio Correlation, Shenandoah Telecommunicatio Volatility and Shenandoah Telecommunicatio Alpha and Beta module to complement your research on Shenandoah Telecommunicatio. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Shenandoah Telecommunicatio 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.