Smith Nephew Plc Stock Market Value

SNNUF Stock  USD 12.31  0.40  3.15%   
Smith Nephew's market value is the price at which a share of Smith Nephew trades on a public exchange. It measures the collective expectations of Smith Nephew Plc investors about its performance. Smith Nephew is trading at 12.31 as of the 29th of March 2024. This is a -3.15 percent decrease since the beginning of the trading day. The stock's lowest day price was 12.31.
With this module, you can estimate the performance of a buy and hold strategy of Smith Nephew Plc and determine expected loss or profit from investing in Smith Nephew over a given investment horizon. Check out Smith Nephew Correlation, Smith Nephew Volatility and Smith Nephew Alpha and Beta module to complement your research on Smith Nephew.
Symbol

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 pink sheet 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.
0.00
04/09/2022
No Change 0.00  0.0 
In 1 year 11 months and 21 days
03/29/2024
0.00
If you would invest  0.00  in Smith Nephew on April 9, 2022 and sell it all today you would earn a total of 0.00 from holding Smith Nephew Plc or generate 0.0% return on investment in Smith Nephew over 720 days. Smith Nephew is related to or competes with Mayfair Gold, PACCAR, Wizz Air, Diamond Offshore, SBM Offshore, BorgWarner, and Twin Vee. 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 pink sheet 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 Plc upside and downside potential and time the market with a certain degree of confidence.

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.
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.
Hype
Prediction
LowEstimatedHigh
10.5112.3114.11
Details
Intrinsic
Valuation
LowRealHigh
8.9510.7512.55
Details
Naive
Forecast
LowNextHigh
10.1911.9913.79
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
12.2413.2814.31
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Smith Nephew. Your research has to be compared to or analyzed against Smith Nephew's peers to derive any actionable benefits. When done correctly, Smith Nephew's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Smith Nephew Plc.

Smith Nephew Plc Backtested Returns

Smith Nephew Plc owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0832, which indicates the firm had a -0.0832% return per unit of risk over the last 3 months. Smith Nephew Plc exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Smith Nephew's Coefficient Of Variation of (1,202), risk adjusted performance of (0.04), and Variance of 3.23 to confirm the risk estimate we provide. The entity has a beta of -0.37, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Smith Nephew are expected to decrease at a much lower rate. During the bear market, Smith Nephew is likely to outperform the market. Smith Nephew Plc has an expected return of -0.15%. Please make sure to validate Smith Nephew information ratio, potential upside, as well as the relationship between the Potential Upside and day median price , to decide if Smith Nephew Plc performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.55  

Good reverse predictability

Smith Nephew Plc has good reverse predictability. Overlapping area represents the amount of predictability between Smith Nephew time series from 9th of April 2022 to 4th of April 2023 and 4th of April 2023 to 29th of March 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 Plc price movement. The serial correlation of -0.55 indicates that about 55.0% of current Smith Nephew price fluctuation can be explain by its past prices.
Correlation Coefficient-0.55
Spearman Rank Test-0.33
Residual Average0.0
Price Variance2.33

Smith Nephew Plc lagged returns against current returns

Autocorrelation, which is Smith Nephew pink sheet'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 pink sheet 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 pink sheet 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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Smith Nephew pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Smith Nephew pink sheet 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 pink sheet 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 pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Smith Nephew Plc.
   Regressed Prices   
       Timeline  

Currently Active Assets on Macroaxis

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 Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.

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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 pink sheet 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, pink sheet market cycles, or different charting patterns.
A focus of Smith Nephew technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Smith Nephew 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...