Soundhound Ai Stock Market Value
| SOUN Stock | USD 7.88 0.27 3.55% |
| Symbol | SoundHound |
SoundHound AI Price To Book Ratio
Is Application Software 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 SoundHound. If investors know SoundHound 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 SoundHound listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.35) | Revenue Per Share 0.219 | Quarterly Revenue Growth 0.891 | Return On Assets (0.18) | Return On Equity (0.68) |
The market value of SoundHound AI is measured differently than its book value, which is the value of SoundHound that is recorded on the company's balance sheet. Investors also form their own opinion of SoundHound's value that differs from its market value or its book value, called intrinsic value, which is SoundHound'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 SoundHound's market value can be influenced by many factors that don't directly affect SoundHound'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 SoundHound's value and its price as these two are different measures arrived at by different means. Investors typically determine if SoundHound is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SoundHound'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.
SoundHound '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 SoundHound'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 SoundHound.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in SoundHound on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding SoundHound AI or generate 0.0% return on investment in SoundHound over 180 days. SoundHound is related to or competes with Snowflake, Zoom Video, Shopify, Workday, Salesforce, Trust Stamp, and HeartCore Enterprises. SoundHound AI, Inc. develops independent voice artificial intelligence platform that enables businesses across industrie... More
SoundHound 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 SoundHound'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 SoundHound AI upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.35 | |||
| Information Ratio | 0.1268 | |||
| Maximum Drawdown | 39.21 | |||
| Value At Risk | (6.75) | |||
| Potential Upside | 8.39 |
SoundHound Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SoundHound's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SoundHound's standard deviation. In reality, there are many statistical measures that can use SoundHound historical prices to predict the future SoundHound's volatility.| Risk Adjusted Performance | 0.1222 | |||
| Jensen Alpha | 0.5495 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.1716 | |||
| Treynor Ratio | 0.3187 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SoundHound'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.
SoundHound AI Backtested Returns
SoundHound is relatively risky given 3 months investment horizon. SoundHound AI owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.18, which indicates the firm had a 0.18% return per unit of risk over the last 3 months. We are able to break down and analyze data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.04% are justified by taking the suggested risk. Use SoundHound AI Risk Adjusted Performance of 0.1222, semi deviation of 3.9, and Coefficient Of Variation of 675.32 to evaluate company specific risk that cannot be diversified away. SoundHound holds a performance score of 13 on a scale of zero to a hundred. The entity has a beta of 2.7, 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, SoundHound will likely underperform. Use SoundHound AI sortino ratio, semi variance, as well as the relationship between the Semi Variance and rate of daily change , to analyze future returns on SoundHound AI.
Auto-correlation | 0.34 |
Below average predictability
SoundHound AI has below average predictability. Overlapping area represents the amount of predictability between SoundHound time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 2024 to 29th of November 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 SoundHound AI price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current SoundHound price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 1.12 |
SoundHound AI lagged returns against current returns
Autocorrelation, which is SoundHound 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 SoundHound's stock expected returns. We can calculate the autocorrelation of SoundHound returns to help us make a trade decision. For example, suppose you find that SoundHound 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 |
SoundHound 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 SoundHound stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SoundHound stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SoundHound stock over time.
Current vs Lagged Prices |
| Timeline |
SoundHound Lagged Returns
When evaluating SoundHound's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SoundHound stock have on its future price. SoundHound 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, SoundHound autocorrelation shows the relationship between SoundHound stock current value and its past values and can show if there is a momentum factor associated with investing in SoundHound AI.
Regressed Prices |
| Timeline |
Pair Trading with SoundHound
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 SoundHound 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 SoundHound will appreciate offsetting losses from the drop in the long position's value.Moving together with SoundHound Stock
| 0.91 | DJCO | Daily Journal Corp | PairCorr |
| 0.86 | AI | C3 Ai Inc Earnings Call This Week | PairCorr |
| 0.82 | BL | Blackline | PairCorr |
Moving against SoundHound Stock
The ability to find closely correlated positions to SoundHound could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SoundHound 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 SoundHound - 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 SoundHound AI to buy it.
The correlation of SoundHound 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 SoundHound moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SoundHound AI 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 SoundHound 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 SoundHound Correlation, SoundHound Volatility and SoundHound Alpha and Beta module to complement your research on SoundHound. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
SoundHound 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.