Shopify Stock Performance

SHOP
 Stock
  

USD 43.40  2.52  6.16%   

On a scale of 0 to 100, Shopify holds a performance score of 10. The entity has a beta of 2.32, 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. We have found twenty-seven technical indicators for Shopify, which you can use to evaluate the performance of the company. 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.
  
Shopify Performance
10 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in Shopify are ranked lower than 10 (%) of all global equities and portfolios over the last 90 days. In spite of very weak basic indicators, Shopify displayed solid returns over the last few months and may actually be approaching a breakup point. ...more

Structure and Payout Changes

Last Split Factor
10:1
Last Split Date
2022-06-29

Shopify Price Channel

Begin Period Cash Flow2703597000.00
Total Cashflows From Investing Activities-2347790000.00

Shopify Relative Risk vs. Return Landscape

If you would invest  3,011  in Shopify on September 2, 2022 and sell it today you would earn a total of  1,329  from holding Shopify or generate 44.14% return on investment over 90 days. Shopify is currently generating 0.7198% in daily expected returns and assumes 5.3962% risk (volatility on return distribution) over the 90 days horizon. In different words, 46% of stocks are less volatile than Shopify, and 86% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
  Daily Expected Return (%)  
       Risk (%)  
Given the investment horizon of 90 days Shopify is expected to generate 3.58 times more return on investment than the market. However, the company is 3.58 times more volatile than its market benchmark. It trades about 0.13 of its potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.08 per unit of risk.

Shopify Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Shopify's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Shopify, and traders can use it to determine the average amount a Shopify's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.1334

Best
Portfolio
Best
Equity
Good Returns
Average Returns
Small ReturnsSHOP
CashSmall
Risk
Average
Risk
High
Risk
Huge
Risk
Negative Returns
Estimated Market Risk
 5.4
  actual daily
 
 46 %
of total potential
 
4646
Expected Return
 0.72
  actual daily
 
 14 %
of total potential
 
1414
Risk-Adjusted Return
 0.13
  actual daily
 
 10 %
of total potential
 
1010
Based on monthly moving average Shopify is performing at about 10% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Shopify by adding it to a well-diversified portfolio.

About Shopify Performance

To evaluate Shopify Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Shopify generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Shopify Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Shopify market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Shopify's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Effect of Exchange Rate Changes on Cash924.3 K997.3 K
Return on Average Assets(0.09) (0.09) 
Return on Average Equity(0.11) (0.12) 
Return on Invested Capital(0.16) (0.18) 
Return on Sales(0.10) (0.11) 

Things to note about Shopify

Checking the ongoing alerts about Shopify for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Shopify help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Shopify Alerts

Equity Alerts and Improvement Suggestions

Shopify is way too risky over 90 days horizon
Shopify appears to be risky and price may revert if volatility continues
About 65.0% of the company shares are owned by institutional investors
Latest headline from news.google.com: Jim Cramer explains why he likes the Shopify stock - Invezz
Additionally, take a look at World Market Map. You can also try Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.

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.
Share Portfolio
Track or share privately all of your investments from the convenience of any device
Go
Pattern Recognition
Use different Pattern Recognition models to time the market across multiple global exchanges
Go
Analyst Recommendations
Analyst recommendations and target price estimates broken down by several categories
Go
ETF Directory
Find actively traded Exchange Traded Funds (ETF) from around the world
Go
Companies Directory
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
Go
Competition Analyzer
Analyze and compare many basic indicators for a group of related or unrelated entities
Go
Portfolio Comparator
Compare the composition, asset allocations and performance of any two portfolios in your account
Go
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
46.8 B
Quarterly Revenue Growth YOY
0.22
Return On Assets
(0.0199) 
Return On Equity
(31.98) 
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.