Surgline International Stock Market Value
| SGLN Stock | USD 0.0001 0.00 0.000003% |
| Symbol | SurgLine |
SurgLine International Price To Book Ratio
Is Health Care Equipment & Supplies 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 SurgLine International. If investors know SurgLine 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 SurgLine International listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of SurgLine International is measured differently than its book value, which is the value of SurgLine that is recorded on the company's balance sheet. Investors also form their own opinion of SurgLine International's value that differs from its market value or its book value, called intrinsic value, which is SurgLine International'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 SurgLine International's market value can be influenced by many factors that don't directly affect SurgLine International'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 SurgLine International's value and its price as these two are different measures arrived at by different means. Investors typically determine if SurgLine International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SurgLine International'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.
SurgLine International '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 SurgLine International'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 SurgLine International.
| 04/20/2025 |
| 07/19/2025 |
If you would invest 0.00 in SurgLine International on April 20, 2025 and sell it all today you would earn a total of 0.00 from holding SurgLine International or generate 0.0% return on investment in SurgLine International over 90 days. SurgLine International is related to or competes with Zijin Mining, Titan America, Andersons, Summa Silver, and Ingredion Incorporated. Surgline International, Inc. sources and sells medical and surgical products More
SurgLine International 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 SurgLine International'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 SurgLine International upside and downside potential and time the market with a certain degree of confidence.
SurgLine International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SurgLine International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SurgLine International's standard deviation. In reality, there are many statistical measures that can use SurgLine International historical prices to predict the future SurgLine International's volatility.SurgLine International Backtested Returns
We have found four technical indicators for SurgLine International, which you can use to evaluate the volatility of the company. Please validate SurgLine International's Day Typical Price of 1.0E-4, daily balance of power of (9,223,372,036,855), and Day Median Price of 1.0E-4 to confirm if the risk estimate we provide is consistent with the expected return of 0.0%. The entity has a beta of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and SurgLine International are completely uncorrelated. SurgLine International right now has a risk of 0.0%. Please validate SurgLine International daily balance of power , to decide if SurgLine International will be following its existing price patterns.
Auto-correlation | 1.06 |
Perfect predictability
SurgLine International has perfect predictability. Overlapping area represents the amount of predictability between SurgLine International time series from 20th of April 2025 to 4th of June 2025 and 4th of June 2025 to 19th of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of SurgLine International price movement. The serial correlation of 1.06 indicates that 106.0% of current SurgLine International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.06 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
SurgLine International lagged returns against current returns
Autocorrelation, which is SurgLine International 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 SurgLine International's stock expected returns. We can calculate the autocorrelation of SurgLine International returns to help us make a trade decision. For example, suppose you find that SurgLine International 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 |
SurgLine International 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 SurgLine International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SurgLine International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SurgLine International stock over time.
Current vs Lagged Prices |
| Timeline |
SurgLine International Lagged Returns
When evaluating SurgLine International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SurgLine International stock have on its future price. SurgLine International 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, SurgLine International autocorrelation shows the relationship between SurgLine International stock current value and its past values and can show if there is a momentum factor associated with investing in SurgLine International.
Regressed Prices |
| Timeline |
Pair Trading with SurgLine International
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 SurgLine International 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 SurgLine International will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to SurgLine International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SurgLine International 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 SurgLine International - 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 SurgLine International to buy it.
The correlation of SurgLine International 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 SurgLine International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SurgLine International 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 SurgLine International 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 SurgLine International Correlation, SurgLine International Volatility and SurgLine International Alpha and Beta module to complement your research on SurgLine International. To learn how to invest in SurgLine Stock, please use our How to Invest in SurgLine International guide.You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
SurgLine International 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.