Scansource Stock Market Value
| SCSC Stock | USD 49.38 0.49 1.00% |
| Symbol | ScanSource |
ScanSource Price To Book Ratio
Is Electronic Equipment, Instruments & Components 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 ScanSource. If investors know ScanSource 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 ScanSource 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 0.131 | Earnings Share 3.17 | Revenue Per Share 127.985 | Quarterly Revenue Growth (0.12) | Return On Assets 0.0327 |
The market value of ScanSource is measured differently than its book value, which is the value of ScanSource that is recorded on the company's balance sheet. Investors also form their own opinion of ScanSource's value that differs from its market value or its book value, called intrinsic value, which is ScanSource'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 ScanSource's market value can be influenced by many factors that don't directly affect ScanSource'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 ScanSource's value and its price as these two are different measures arrived at by different means. Investors typically determine if ScanSource is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ScanSource'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.
ScanSource '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 ScanSource'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 ScanSource.
| 08/21/2024 |
| 11/19/2024 |
If you would invest 0.00 in ScanSource on August 21, 2024 and sell it all today you would earn a total of 0.00 from holding ScanSource or generate 0.0% return on investment in ScanSource over 90 days. ScanSource is related to or competes with Grocery Outlet, Hudson Pacific, Smith Douglas, Cardinal Health, Simon Property, and Sea. ScanSource, Inc. distributes technology products and solutions in the United States, Canada, and internationally More
ScanSource 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 ScanSource'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 ScanSource upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.97 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 15.95 | |||
| Value At Risk | (2.89) | |||
| Potential Upside | 3.13 |
ScanSource Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ScanSource's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ScanSource's standard deviation. In reality, there are many statistical measures that can use ScanSource historical prices to predict the future ScanSource's volatility.| Risk Adjusted Performance | 0.0234 | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.021 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ScanSource'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.
ScanSource Backtested Returns
At this point, ScanSource is very steady. ScanSource owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0242, which indicates the firm had a 0.0242% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for ScanSource, which you can use to evaluate the volatility of the company. Please validate ScanSource's Semi Deviation of 1.93, coefficient of variation of 4639.83, and Risk Adjusted Performance of 0.0234 to confirm if the risk estimate we provide is consistent with the expected return of 0.0642%. ScanSource has a performance score of 1 on a scale of 0 to 100. The entity has a beta of 2.21, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, ScanSource will likely underperform. ScanSource right now has a risk of 2.65%. Please validate ScanSource downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to decide if ScanSource will be following its existing price patterns.
Auto-correlation | 0.25 |
Poor predictability
ScanSource has poor predictability. Overlapping area represents the amount of predictability between ScanSource time series from 21st of August 2024 to 5th of October 2024 and 5th of October 2024 to 19th of November 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 ScanSource price movement. The serial correlation of 0.25 indicates that over 25.0% of current ScanSource price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 5.98 |
ScanSource lagged returns against current returns
Autocorrelation, which is ScanSource 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 ScanSource's stock expected returns. We can calculate the autocorrelation of ScanSource returns to help us make a trade decision. For example, suppose you find that ScanSource 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 |
ScanSource 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 ScanSource stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ScanSource stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ScanSource stock over time.
Current vs Lagged Prices |
| Timeline |
ScanSource Lagged Returns
When evaluating ScanSource's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ScanSource stock have on its future price. ScanSource 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, ScanSource autocorrelation shows the relationship between ScanSource stock current value and its past values and can show if there is a momentum factor associated with investing in ScanSource.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether ScanSource offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ScanSource'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 Scansource Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Scansource Stock:Check out ScanSource Correlation, ScanSource Volatility and ScanSource Alpha and Beta module to complement your research on ScanSource. For information on how to trade ScanSource Stock refer to our How to Trade ScanSource Stock guide.You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
ScanSource 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.