Sndl Inc Stock Market Value
| SNDL Stock | USD 1.99 0.07 3.65% |
| Symbol | SNDL |
SNDL Inc Price To Book Ratio
Is Pharmaceuticals 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 SNDL. If investors know SNDL 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 SNDL listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.32) | Revenue Per Share 3.479 | Quarterly Revenue Growth (0.02) | Return On Assets (0.03) | Return On Equity (0.09) |
The market value of SNDL Inc is measured differently than its book value, which is the value of SNDL that is recorded on the company's balance sheet. Investors also form their own opinion of SNDL's value that differs from its market value or its book value, called intrinsic value, which is SNDL'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 SNDL's market value can be influenced by many factors that don't directly affect SNDL'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 SNDL's value and its price as these two are different measures arrived at by different means. Investors typically determine if SNDL is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SNDL'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.
SNDL '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 SNDL'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 SNDL.
| 10/20/2023 |
| 10/14/2024 |
If you would invest 0.00 in SNDL on October 20, 2023 and sell it all today you would earn a total of 0.00 from holding SNDL Inc or generate 0.0% return on investment in SNDL over 360 days. SNDL is related to or competes with Canopy Growth, Aurora Cannabis, Cronos, Tilray, OrganiGram Holdings, and Curaleaf Holdings. SNDL Inc. engages in the production, distribution, and sale of cannabis products in Canada More
SNDL 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 SNDL'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 SNDL Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 15.43 | |||
| Value At Risk | (4.48) | |||
| Potential Upside | 5.16 |
SNDL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SNDL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SNDL's standard deviation. In reality, there are many statistical measures that can use SNDL historical prices to predict the future SNDL's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.48) | |||
| Treynor Ratio | (0.06) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SNDL'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.
SNDL Inc Backtested Returns
SNDL Inc owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0405, which indicates the firm had a -0.0405% return per unit of volatility over the last 3 months. SNDL Inc exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SNDL's variance of 8.12, and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The entity has a beta of 1.85, 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, SNDL will likely underperform. At this point, SNDL Inc has a negative expected return of -0.12%. Please make sure to validate SNDL's maximum drawdown, as well as the relationship between the accumulation distribution and market facilitation index , to decide if SNDL Inc performance from the past will be repeated at future time.
Auto-correlation | -0.22 |
Weak reverse predictability
SNDL Inc has weak reverse predictability. Overlapping area represents the amount of predictability between SNDL time series from 20th of October 2023 to 17th of April 2024 and 17th of April 2024 to 14th of October 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 SNDL Inc price movement. The serial correlation of -0.22 indicates that over 22.0% of current SNDL price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
SNDL Inc lagged returns against current returns
Autocorrelation, which is SNDL 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 SNDL's stock expected returns. We can calculate the autocorrelation of SNDL returns to help us make a trade decision. For example, suppose you find that SNDL 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 |
SNDL 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 SNDL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SNDL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SNDL stock over time.
Current vs Lagged Prices |
| Timeline |
SNDL Lagged Returns
When evaluating SNDL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SNDL stock have on its future price. SNDL 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, SNDL autocorrelation shows the relationship between SNDL stock current value and its past values and can show if there is a momentum factor associated with investing in SNDL Inc.
Regressed Prices |
| Timeline |
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SNDL 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.