Shoals Technologies Group Stock Market Value
| SHLS Stock | USD 5.22 0.04 0.76% |
| Symbol | Shoals |
Shoals Technologies Price To Book Ratio
Is Electrical Components & Equipment 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 Shoals Technologies. If investors know Shoals 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 Shoals Technologies 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 (0.37) | Earnings Share 0.2 | Revenue Per Share 2.495 | Quarterly Revenue Growth (0.24) | Return On Assets 0.0507 |
The market value of Shoals Technologies is measured differently than its book value, which is the value of Shoals that is recorded on the company's balance sheet. Investors also form their own opinion of Shoals Technologies' value that differs from its market value or its book value, called intrinsic value, which is Shoals Technologies' 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 Shoals Technologies' market value can be influenced by many factors that don't directly affect Shoals Technologies' 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 Shoals Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Shoals Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shoals Technologies' 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.
Shoals Technologies '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 Shoals Technologies' 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 Shoals Technologies.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Shoals Technologies on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Shoals Technologies Group or generate 0.0% return on investment in Shoals Technologies over 90 days. Shoals Technologies is related to or competes with Array Technologies, Sunnova Energy, Fluence Energy, and Playtika Holding. Shoals Technologies Group, Inc. provides electrical balance of system solutions for solar energy projects in the United ... More
Shoals Technologies 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 Shoals Technologies' 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 Shoals Technologies Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.29 | |||
| Information Ratio | 0.0018 | |||
| Maximum Drawdown | 31.53 | |||
| Value At Risk | (9.87) | |||
| Potential Upside | 7.39 |
Shoals Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shoals Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shoals Technologies' standard deviation. In reality, there are many statistical measures that can use Shoals Technologies historical prices to predict the future Shoals Technologies' volatility.| Risk Adjusted Performance | 0.0308 | |||
| Jensen Alpha | 0.072 | |||
| Total Risk Alpha | (0.70) | |||
| Sortino Ratio | 0.0017 | |||
| Treynor Ratio | 0.2696 |
Shoals Technologies Backtested Returns
Shoals Technologies owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0351, which indicates the firm had a -0.0351% return per unit of risk over the last 3 months. Shoals Technologies Group exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shoals Technologies' Coefficient Of Variation of 3428.9, risk adjusted performance of 0.0308, and Semi Deviation of 5.11 to confirm the risk estimate we provide. The entity has a beta of 0.51, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Shoals Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Shoals Technologies is expected to be smaller as well. At this point, Shoals Technologies has a negative expected return of -0.16%. Please make sure to validate Shoals Technologies' skewness, and the relationship between the value at risk and day median price , to decide if Shoals Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.63 |
Good predictability
Shoals Technologies Group has good predictability. Overlapping area represents the amount of predictability between Shoals Technologies time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st 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 Shoals Technologies price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Shoals Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
Shoals Technologies lagged returns against current returns
Autocorrelation, which is Shoals Technologies 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 Shoals Technologies' stock expected returns. We can calculate the autocorrelation of Shoals Technologies returns to help us make a trade decision. For example, suppose you find that Shoals Technologies 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 |
Shoals Technologies 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 Shoals Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shoals Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shoals Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Shoals Technologies Lagged Returns
When evaluating Shoals Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shoals Technologies stock have on its future price. Shoals Technologies 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, Shoals Technologies autocorrelation shows the relationship between Shoals Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Shoals Technologies Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Shoals Stock Analysis
When running Shoals Technologies' price analysis, check to measure Shoals Technologies' 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 Shoals Technologies is operating at the current time. Most of Shoals Technologies' value examination focuses on studying past and present price action to predict the probability of Shoals Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shoals Technologies' price. Additionally, you may evaluate how the addition of Shoals Technologies to your portfolios can decrease your overall portfolio volatility.