Sight Sciences Stock Market Value
| SGHT Stock | USD 6.51 0.06 0.91% |
| Symbol | Sight |
Sight Sciences Price To Book Ratio
Is Health Care Equipment & Supplies 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 Sight Sciences. If investors know Sight 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 Sight Sciences listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.06) | Revenue Per Share 1.612 | Quarterly Revenue Growth (0.09) | Return On Assets (0.19) | Return On Equity (0.44) |
The market value of Sight Sciences is measured differently than its book value, which is the value of Sight that is recorded on the company's balance sheet. Investors also form their own opinion of Sight Sciences' value that differs from its market value or its book value, called intrinsic value, which is Sight Sciences' 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 Sight Sciences' market value can be influenced by many factors that don't directly affect Sight Sciences' 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 Sight Sciences' value and its price as these two are different measures arrived at by different means. Investors typically determine if Sight Sciences is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sight Sciences' 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.
Sight Sciences '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 Sight Sciences' 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 Sight Sciences.
| 08/28/2024 |
| 09/27/2024 |
If you would invest 0.00 in Sight Sciences on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Sight Sciences or generate 0.0% return on investment in Sight Sciences over 30 days. Sight Sciences is related to or competes with Si Bone, Rapid Micro, Tactile Systems, Pulmonx Corp, Artivion, Anika Therapeutics, and Orthofix Medical. Sight Sciences, Inc., an ophthalmic medical device company, engages in the development and commercialization of surgical... More
Sight Sciences 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 Sight Sciences' 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 Sight Sciences upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.01 | |||
| Information Ratio | 0.0229 | |||
| Maximum Drawdown | 37.24 | |||
| Value At Risk | (6.13) | |||
| Potential Upside | 5.81 |
Sight Sciences Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sight Sciences' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sight Sciences' standard deviation. In reality, there are many statistical measures that can use Sight Sciences historical prices to predict the future Sight Sciences' volatility.| Risk Adjusted Performance | 0.0463 | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.43) | |||
| Sortino Ratio | 0.0221 | |||
| Treynor Ratio | 0.0709 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sight Sciences' 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.
Sight Sciences Backtested Returns
Currently, Sight Sciences is relatively risky. Sight Sciences owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0337, which indicates the firm had a 0.0337% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Sight Sciences, which you can use to evaluate the volatility of the company. Please validate Sight Sciences' Risk Adjusted Performance of 0.0463, semi deviation of 4.49, and Coefficient Of Variation of 2117.53 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. Sight Sciences has a performance score of 2 on a scale of 0 to 100. The entity has a beta of 3.08, 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, Sight Sciences will likely underperform. Sight Sciences right now has a risk of 4.85%. Please validate Sight Sciences downside variance, and the relationship between the sortino ratio and accumulation distribution , to decide if Sight Sciences will be following its existing price patterns.
Auto-correlation | 0.14 |
Insignificant predictability
Sight Sciences has insignificant predictability. Overlapping area represents the amount of predictability between Sight Sciences time series from 28th of August 2024 to 12th of September 2024 and 12th of September 2024 to 27th of September 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 Sight Sciences price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Sight Sciences price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Sight Sciences lagged returns against current returns
Autocorrelation, which is Sight Sciences 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 Sight Sciences' stock expected returns. We can calculate the autocorrelation of Sight Sciences returns to help us make a trade decision. For example, suppose you find that Sight Sciences 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 |
Sight Sciences 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 Sight Sciences stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sight Sciences stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sight Sciences stock over time.
Current vs Lagged Prices |
| Timeline |
Sight Sciences Lagged Returns
When evaluating Sight Sciences' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sight Sciences stock have on its future price. Sight Sciences 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, Sight Sciences autocorrelation shows the relationship between Sight Sciences stock current value and its past values and can show if there is a momentum factor associated with investing in Sight Sciences.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Sight Stock Analysis
When running Sight Sciences' price analysis, check to measure Sight Sciences' 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 Sight Sciences is operating at the current time. Most of Sight Sciences' value examination focuses on studying past and present price action to predict the probability of Sight Sciences' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sight Sciences' price. Additionally, you may evaluate how the addition of Sight Sciences to your portfolios can decrease your overall portfolio volatility.