Spotify Buy or Sell in 2023 | USA Stocks:SPOT – Macroaxis
SPOT
Stock
USD
133.60
1.43
1.08%
‘Strong Buy’. Macroaxis provides Spotify Technology
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Spotify Technology SA is. Macroaxis provides Spotify Technology buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding SPOT positions. The advice algorithm takes into account all of Spotify Technology’s available fundamental , technical, and predictive indicators you will find on this site.
Spotify
The advice is provided from Spotify Technology’s buy-and-hold perspective. Check out Spotify Technology Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. We conduct extensive research on individual companies such as Spotify and provide practical buy, sell, or hold advice based on selected investing horizon and risk tolerance towards Spotify Technology SA.
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Execute Spotify Technology Buy or Sell Advice
The Spotify recommendation should be used to complement the buy-or-sell advice compiled from the current analysts’ consensus on Spotify Technology SA. Macroaxis does not own or have any residual interests in Spotify Technology SA or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Spotify Technology’s advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
For the selected time horizon Spotify Technology SA has a Risk Adjusted Performance of 0.1727, Jensen Alpha of 0.5069, Total Risk Alpha of 0.5698, Sortino Ratio of 0.3017 and Treynor Ratio of 0.3767
Spotify Technology Trading Alerts and Improvement Suggestions
Spotify Technology Returns Distribution Density
The distribution of Spotify Technology’s historical returns is an attempt to chart the uncertainty of Spotify Technology’s future price movements. The chart of the probability distribution of Spotify Technology stock daily returns describes the distribution of returns around its average expected value. We use Spotify Technology SA price’s Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Spotify Technology returns is essential to provide solid investment advice for Spotify Technology.
Mean Return0.47Value At Risk-2.41Potential Upside4.44Standard Deviation2.49
Return Density
Distribution
Investment risk management requires an estimate of the probability of extreme price changes . Therefore, the correct representation of the distribution of Spotify Technology historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Spotify Technology Cash Flow Accounts
Spotify Technology Greeks
Most traded equities are subject to two types of risk – systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Spotify Technology or Entertainment sector will adversely affect the stock’s price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Spotify Technology’s price will be affected by overall stock market movements and cannot be diversified away . So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Spotify stock’s historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over NYSE Composite0.51Details
β
Beta against NYSE Composite1.22Details
σ
Overall volatility2.51Details
Ir
Information ratio 0.20Details
Spotify Technology Volatility Alert
Spotify Technology SA has relatively low volatility with skewness of 1.89 and kurtosis of 7.86. However, we advise all investors to independently investigate Spotify Technology SA to ensure all accessible information is consistent with the expectations about its upside potential and future expected returns. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Spotify Technology’s stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Spotify Technology’s stock price while adding stress to investors as they watch their shares’ value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.
Spotify Technology Implied Volatility
Spotify Technology Fundamentals Vs Peers
Comparing Spotify Technology’s fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Spotify Technology’s direct or indirect competition across all of the common fundamentals between Spotify Technology and the related equities. This way, we can detect undervalued stocks with similar characteristics as Spotify Technology or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Spotify Technology’s fundamental indicators could also be used in its relative valuation, which is a method of valuing Spotify Technology by comparing valuation metrics with those of similar companies.
Better Than Average
Worse Than Average Compare Spotify Technology to competition
About Spotify Technology Buy or Sell Advice
When is the right time to buy or sell Spotify Technology SA? Buying financial instruments such as Spotify Stock isn’t very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools , which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Use Investing Ideas to Build Portfolios
In addition to having Spotify Technology in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.
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Run Computers Thematic Idea Now
Computers
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Computers Theme or any other thematic opportunities
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Computers theme has 61 constituents at this time.
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Check out Spotify Technology Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. 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 Spotify Stock analysis
When running Spotify Technology’s price analysis, check to measure Spotify Technology’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 Spotify Technology is operating at the current time. Most of Spotify Technology’s value examination focuses on studying past and present price action to predict the probability of Spotify Technology’s future price movements . You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spotify Technology’s price. Additionally, you may evaluate how the addition of Spotify Technology to your portfolios can decrease your overall portfolio volatility.
Is Spotify Technology’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 Spotify Technology . If investors know Spotify 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 Spotify Technology 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
0.569
Earnings Share
(3.10)
Revenue Per Share
60.782
Quarterly Revenue Growth
0.177
Return On Assets
(0.05)
The market value of Spotify Technology is measured differently than its book value, which is the value of Spotify that is recorded on the company’s balance sheet. Investors also form their own opinion of Spotify Technology’s value that differs from its market value or its book value, called intrinsic value, which is Spotify Technology’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 Spotify Technology’s market value can be influenced by many factors that don’t directly affect Spotify Technology’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 Spotify Technology’s value and its price as these two are different measures arrived at by different means. Investors typically determine if Spotify Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Spotify Technology’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. Check out Spotify Technology Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
For the selected time horizon Spotify Technology SA has a Risk Adjusted Performance of 0.1727, Jensen Alpha of 0.5069, Total Risk Alpha of 0.5698, Sortino Ratio of 0.3017 and Treynor Ratio of 0.3767Please read more on our stock advisor page.In addition to having Spotify Technology in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.
