Shopify Stock Market Value

SHOP
 Stock
  

USD 37.15  0.88  2.31%   

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


Is Shopify'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 Shopify. If investors know Shopify 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 Shopify 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
4.86
Market Capitalization
48 B
Quarterly Revenue Growth YOY
0.22
Return On Assets
(0.0199) 
Return On Equity
(0.32) 
The market value of Shopify is measured differently than its book value, which is the value of Shopify that is recorded on the company's balance sheet. Investors also form their own opinion of Shopify's value that differs from its market value or its book value, called intrinsic value, which is Shopify'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 Shopify's market value can be influenced by many factors that don't directly affect Shopify'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 Shopify's value and its price as these two are different measures arrived at by different means. Investors typically determine Shopify value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shopify'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.

Shopify '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 Shopify'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 Shopify.
0.00
10/30/2022
No Change 0.00  0.0 
In 31 days
11/29/2022
0.00
If you would invest  0.00  in Shopify on October 30, 2022 and sell it all today you would earn a total of 0.00 from holding Shopify or generate 0.0% return on investment in Shopify over 30 days. Shopify is related to or competes with Salesforce, Snowflake Inc, Intuit, Cadence Design, and Servicenow. Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Mi... More

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

Shopify Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Shopify's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shopify's standard deviation. In reality, there are many statistical measures that can use Shopify historical prices to predict the future Shopify's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Shopify'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 Shopify in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
31.1336.3641.59
Details
Intrinsic
Valuation
LowReal ValueHigh
33.4446.9452.17
Details
Naive
Forecast
LowNext ValueHigh
31.7636.9942.22
Details
17 Analysts
Consensus
LowTarget PriceHigh
35.0059.0775.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Shopify. Your research has to be compared to or analyzed against Shopify's peers to derive any actionable benefits. When done correctly, Shopify'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 Shopify.

Shopify Backtested Returns

Shopify appears to be not too volatile, given 3 months investment horizon. Shopify owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0733, which indicates the firm had 0.0733% of return per unit of risk over the last 3 months. Our standpoint towards measuring the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-seven technical indicators for Shopify, which you can use to evaluate the future volatility of the company. Please review Shopify's Risk Adjusted Performance of 0.0846, coefficient of variation of 1838.31, and Semi Deviation of 3.83 to confirm if our risk estimates are consistent with your expectations.
On a scale of 0 to 100, Shopify holds a performance score of 5. The entity has a beta of 2.1677, which indicates a somewhat significant risk relative to the market. Let's try to break down what Shopify's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Shopify will likely underperform. Although it is vital to follow Shopify current price movements, it is good to be conservative about what you can do with the information regarding equity historical returns. The philosophy towards measuring 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. By inspecting Shopify technical indicators, you can presently evaluate if the expected return of 0.38% will be sustainable into the future. Please operates Shopify value at risk, as well as the relationship between the skewness and day median price to make a quick decision on whether Shopify existing price patterns will revert.

Auto-correlation

    
  0.33  

Below average predictability

Shopify has below average predictability. Overlapping area represents the amount of predictability between Shopify time series from 30th of October 2022 to 14th of November 2022 and 14th of November 2022 to 29th of November 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 Shopify price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Shopify price fluctuation can be explain by its past prices.
Correlation Coefficient0.33
Spearman Rank Test-0.64
Residual Average0.0
Price Variance1.85

Shopify lagged returns against current returns

Autocorrelation, which is Shopify 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 Shopify's stock expected returns. We can calculate the autocorrelation of Shopify returns to help us make a trade decision. For example, suppose you find that Shopify 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  

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

Shopify Lagged Returns

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

Be your own money manager

Our tools can tell you how much better you can do entering a position in Shopify without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Additionally, take a look at Shopify Correlation, Shopify Volatility and Shopify Alpha and Beta module to complement your research on Shopify. You can also try Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

Complementary Tools for analysis

When running Shopify 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 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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Shopify 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 Shopify technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Shopify 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...