Snap Financial Statements From 2010 to 2024
| SNPODelisted Stock | USD 10.75 0.01 0.09% |
Check Snap One financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Snap One's main balance sheet or income statement drivers, such as , as well as many indicators such as . Snap financial statements analysis is a perfect complement when working with Snap One Valuation or Volatility modules.
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Snap One Holdings Company Return On Equity Analysis
Snap One's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Snap One Return On Equity | -0.04 |
Most of Snap One's fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Snap One Holdings is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
CompetitionBased on the latest financial disclosure, Snap One Holdings has a Return On Equity of -0.04. This is 99.67% lower than that of the Electronic Equipment, Instruments & Components sector and significantly lower than that of the Information Technology industry. The return on equity for all United States stocks is 87.1% lower than that of the firm.
Snap One Holdings Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Snap One's current stock value. Our valuation model uses many indicators to compare Snap One value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Snap One competition to find correlations between indicators driving Snap One's intrinsic value. More Info.Snap One Holdings is currently regarded as top stock in return on equity category among its peers. It also is currently regarded as top stock in return on asset category among its peers . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Snap One's earnings, one of the primary drivers of an investment's value.About Snap One Financial Statements
Snap One investors utilize fundamental indicators, such as revenue or net income, to predict how Snap Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Snap One Holdings Corp. provides smart living solutions in the United States and internationally. Snap One Holdings Corp. is a subsidiary of Hellman Friedman, LLC. Snap One operates under Electronics Computer Distribution classification in the United States and is traded on NASDAQ Exchange. It employs 1492 people.
Pair Trading with Snap One
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 Snap One 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 Snap One will appreciate offsetting losses from the drop in the long position's value.Moving against Snap Stock
| 0.85 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.59 | BCH | Banco De Chile | PairCorr |
| 0.59 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.57 | SHG | Shinhan Financial | PairCorr |
| 0.44 | WF | Woori Financial Group | PairCorr |
The ability to find closely correlated positions to Snap One could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Snap One 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 Snap One - 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 Snap One Holdings to buy it.
The correlation of Snap One 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 Snap One moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Snap One Holdings 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 Snap One 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 World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Other Consideration for investing in Snap Stock
If you are still planning to invest in Snap One Holdings check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Snap One's history and understand the potential risks before investing.
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