Smith Nephew Snats Stock Market Value
| SNN Stock | USD 23.84 0.17 0.71% |
| Symbol | Smith |
Smith Nephew SNATS Price To Book Ratio
Is Smith Nephew'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 Smith Nephew. If investors know Smith 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 Smith Nephew 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 0.983 | Dividend Share 0.375 | Earnings Share 0.6 | Revenue Per Share 2.5484 | Quarterly Revenue Growth 0.076 |
The market value of Smith Nephew SNATS is measured differently than its book value, which is the value of Smith that is recorded on the company's balance sheet. Investors also form their own opinion of Smith Nephew's value that differs from its market value or its book value, called intrinsic value, which is Smith Nephew'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 Smith Nephew's market value can be influenced by many factors that don't directly affect Smith Nephew'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 Smith Nephew's value and its price as these two are different measures arrived at by different means. Investors typically determine if Smith Nephew is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Smith Nephew'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.
Smith Nephew '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 Smith Nephew'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 Smith Nephew.
| 04/30/2022 |
| 04/19/2024 |
If you would invest 0.00 in Smith Nephew on April 30, 2022 and sell it all today you would earn a total of 0.00 from holding Smith Nephew SNATS or generate 0.0% return on investment in Smith Nephew over 720 days. Smith Nephew is related to or competes with Agilent Technologies, Illumina, Waters, Thermo Fisher, Mettler Toledo, Charles River, and Guardant Health. Smith Nephew plc, together with its subsidiaries, develops, manufactures, markets, and sells medical devices worldwide More
Smith Nephew 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 Smith Nephew'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 Smith Nephew SNATS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 7.85 | |||
| Value At Risk | (2.78) | |||
| Potential Upside | 1.68 |
Smith Nephew Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Smith Nephew's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Smith Nephew's standard deviation. In reality, there are many statistical measures that can use Smith Nephew historical prices to predict the future Smith Nephew's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | (0.18) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Smith Nephew'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.
Smith Nephew SNATS Backtested Returns
Smith Nephew SNATS owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.16, which indicates the firm had a -0.16% return per unit of risk over the last 3 months. Smith Nephew SNATS exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Smith Nephew's Risk Adjusted Performance of (0.05), variance of 2.08, and Coefficient Of Variation of (1,052) to confirm the risk estimate we provide. The entity has a beta of 0.81, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Smith Nephew's returns are expected to increase less than the market. However, during the bear market, the loss of holding Smith Nephew is expected to be smaller as well. Smith Nephew SNATS has an expected return of -0.23%. Please make sure to validate Smith Nephew information ratio, potential upside, as well as the relationship between the Potential Upside and rate of daily change , to decide if Smith Nephew SNATS performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.57 |
Modest predictability
Smith Nephew SNATS has modest predictability. Overlapping area represents the amount of predictability between Smith Nephew time series from 30th of April 2022 to 25th of April 2023 and 25th of April 2023 to 19th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Smith Nephew SNATS price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Smith Nephew price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 6.47 |
Smith Nephew SNATS lagged returns against current returns
Autocorrelation, which is Smith Nephew 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 Smith Nephew's stock expected returns. We can calculate the autocorrelation of Smith Nephew returns to help us make a trade decision. For example, suppose you find that Smith Nephew 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 |
Smith Nephew 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 Smith Nephew stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Smith Nephew stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Smith Nephew stock over time.
Current vs Lagged Prices |
| Timeline |
Smith Nephew Lagged Returns
When evaluating Smith Nephew's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Smith Nephew stock have on its future price. Smith Nephew 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, Smith Nephew autocorrelation shows the relationship between Smith Nephew stock current value and its past values and can show if there is a momentum factor associated with investing in Smith Nephew SNATS.
Regressed Prices |
| 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 Smith Nephew 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, Smith Nephew's short interest history, or implied volatility extrapolated from Smith Nephew options trading.
Currently Active Assets on Macroaxis
When determining whether Smith Nephew SNATS offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Smith Nephew's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Smith Nephew Snats Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Smith Nephew Snats Stock:Check out Smith Nephew Correlation, Smith Nephew Volatility and Smith Nephew Alpha and Beta module to complement your research on Smith Nephew. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Complementary Tools for Smith Stock analysis
When running Smith Nephew's price analysis, check to measure Smith Nephew'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 Smith Nephew is operating at the current time. Most of Smith Nephew's value examination focuses on studying past and present price action to predict the probability of Smith Nephew's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Smith Nephew's price. Additionally, you may evaluate how the addition of Smith Nephew to your portfolios can decrease your overall portfolio volatility.
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Smith Nephew 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.