Parts Stock Market Value

ID
 Stock
  

USD 1.43  0.02  1.42%   

Parts ID's market value is the price at which a share of Parts ID stock trades on a public exchange. It measures the collective expectations of Parts ID investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Parts ID and determine expected loss or profit from investing in Parts ID over a given investment horizon. Please see Parts ID Correlation, Parts ID Volatility and Parts ID Alpha and Beta module to complement your research on Parts ID.
Symbol


Is Parts ID'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 Parts ID. If investors know Parts 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 Parts ID 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 YOY
-0.78
Market Capitalization
48 M
Quarterly Revenue Growth YOY
-0.2
Return On Assets
-0.2
The market value of Parts ID is measured differently than its book value, which is the value of Parts that is recorded on the company's balance sheet. Investors also form their own opinion of Parts ID's value that differs from its market value or its book value, called intrinsic value, which is Parts ID'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 Parts ID's market value can be influenced by many factors that don't directly affect Parts ID'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 Parts ID's value and its price as these two are different measures arrived at by different means. Investors typically determine Parts ID value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Parts ID'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.

Parts ID '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 Parts ID'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 Parts ID.
0.00
07/20/2022
No Change 0.00  0.0 
In 31 days
08/19/2022
0.00
If you would invest  0.00  in Parts ID on July 20, 2022 and sell it all today you would earn a total of 0.00 from holding Parts ID or generate 0.0% return on investment in Parts ID over 30 days. Parts ID is related to or competes with Amazon, General Electric, B of A, Boeing, Johnson Johnson, Chevron Corp, and Home Depot. PARTS iD, Inc., a digital commerce company, primarily sells automotive parts and accessories through its proprietary pla... More

Parts ID 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 Parts ID'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 Parts ID upside and downside potential and time the market with a certain degree of confidence.

Parts ID Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Parts ID's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Parts ID's standard deviation. In reality, there are many statistical measures that can use Parts ID historical prices to predict the future Parts ID's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Parts ID'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. Please use the tools below to analyze the current value of Parts ID in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.071.4011.19
Details
Intrinsic
Valuation
LowReal ValueHigh
0.071.4511.24
Details
Naive
Forecast
LowNext ValueHigh
0.0291971.4611.25
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.821.341.87
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Parts ID. Your research has to be compared to or analyzed against Parts ID's peers to derive any actionable benefits. When done correctly, Parts ID's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Parts ID.

Parts ID Backtested Returns

Parts ID appears to be abnormally volatile, given 3 months investment horizon. Parts ID maintains Sharpe Ratio (i.e., Efficiency) of 0.0602, which implies the firm had 0.0602% of return per unit of risk over the last 3 months. Our standpoint towards forecasting the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. By analyzing Parts ID technical indicators you can presently evaluate if the expected return of 0.59% is justified by implied risk. Please evaluate Parts ID's Risk Adjusted Performance of 0.0917, coefficient of variation of 1484.66, and Semi Deviation of 7.77 to confirm if our risk estimates are consistent with your expectations.
On a scale of 0 to 100, Parts ID holds a performance score of 4. The company holds a Beta of 0.8532, which implies possible diversification benefits within a given portfolio. Let's try to break down what Parts's beta means in this case. Parts ID returns are very sensitive to returns on the market. As the market goes up or down, Parts ID is expected to follow. Although it is vital to follow Parts ID current trending patterns, it is good to be conservative about what you can do with the information regarding equity existing price patterns. The philosophy towards forecasting future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. We have found twenty-one technical indicators for Parts ID, which you can use to evaluate the performance of the company. Please employ Parts ID treynor ratio, as well as the relationship between the potential upside and expected short fall to make a quick decision on whether Parts ID historical price patterns will revert.

Auto-correlation

    
  -0.16  

Insignificant reverse predictability

Parts ID has insignificant reverse predictability. Overlapping area represents the amount of predictability between Parts ID time series from 20th of July 2022 to 4th of August 2022 and 4th of August 2022 to 19th of August 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Parts ID price movement. The serial correlation of -0.16 indicates that over 16.0% of current Parts ID price fluctuation can be explain by its past prices.
Correlation Coefficient-0.16
Spearman Rank Test0.24
Residual Average0.0
Price Variance0.06

Parts ID lagged returns against current returns

Autocorrelation, which is Parts ID 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 Parts ID's stock expected returns. We can calculate the autocorrelation of Parts ID returns to help us make a trade decision. For example, suppose you find that Parts ID stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
Share
       Timeline  

Parts ID 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 Parts ID stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Parts ID stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Parts ID stock over time.
   Current vs Lagged Prices   
Share
       Timeline  

Parts ID Lagged Returns

When evaluating Parts ID's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Parts ID stock have on its future price. Parts ID 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, Parts ID autocorrelation shows the relationship between Parts ID stock current value and its past values and can show if there is a momentum factor associated with investing in Parts ID.
   Regressed Prices   
Share
       Timeline  

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Parts ID in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Parts ID's short interest history, or implied volatility extrapolated from Parts ID options trading.

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Please see Parts ID Correlation, Parts ID Volatility and Parts ID Alpha and Beta module to complement your research on Parts ID. Note that the Parts ID information on this page should be used as a complementary analysis to other Parts ID's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

Complementary Tools for Parts Stock analysis

When running Parts ID price analysis, check to measure Parts ID'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 Parts ID is operating at the current time. Most of Parts ID's value examination focuses on studying past and present price action to predict the probability of Parts ID's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Parts ID's price. Additionally, you may evaluate how the addition of Parts ID to your portfolios can decrease your overall portfolio volatility.
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Parts ID 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.
A focus of Parts ID technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Parts ID trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...