Synnex Stock Beta

SNX Stock  USD 127.19  1.95  1.56%   
Synnex fundamentals help investors to digest information that contributes to Synnex's financial success or failures. It also enables traders to predict the movement of Synnex Stock. The fundamental analysis module provides a way to measure Synnex's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Synnex stock.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Synnex Company Beta Analysis

Synnex's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

Beta

 = 

Covariance

Variance

More About Beta | All Equity Analysis

Current Synnex Beta

    
  1.43  
Most of Synnex's fundamental indicators, such as Beta, 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, Synnex is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Synnex Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for Synnex is extremely important. It helps to project a fair market value of Synnex Stock properly, considering its historical fundamentals such as Beta. Since Synnex's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Synnex's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Synnex's interrelated accounts and indicators.
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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Competition

In accordance with the recently published financial statements, Synnex has a Beta of 1.43. This is 34.91% higher than that of the Electronic Equipment, Instruments & Components sector and significantly higher than that of the Information Technology industry. The beta for all United States stocks is notably lower than that of the firm.

Synnex Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Synnex's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Synnex could also be used in its relative valuation, which is a method of valuing Synnex by comparing valuation metrics of similar companies.
Synnex is currently under evaluation in beta category among its peers.

Synnex ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Synnex's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Synnex's managers, analysts, and investors.
Environmental
Governance
Social

Synnex Institutional Holders

Institutional Holdings refers to the ownership stake in Synnex that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Synnex's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Synnex's value.
Shares
Lyrical Asset Management Lp2024-12-31
1.3 M
Nuveen Asset Management, Llc2024-12-31
1.2 M
Alliancebernstein L.p.2024-12-31
1.1 M
Nordea Investment Mgmt Bank Demark A/s2024-12-31
1.1 M
Aqr Capital Management Llc2024-12-31
1.1 M
Norges Bank2024-12-31
M
River Road Asset Management, Llc2024-12-31
869.4 K
Lord, Abbett & Co Llc2024-12-31
849.9 K
Thrivent Financial For Lutherans2024-12-31
715.6 K
Vanguard Group Inc2024-12-31
7.7 M
Fmr Inc2024-12-31
7.7 M
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Synnex will likely underperform.

Synnex Fundamentals

About Synnex Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Synnex's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Synnex using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Synnex based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

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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.

Additional Tools for Synnex Stock Analysis

When running Synnex's price analysis, check to measure Synnex'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 Synnex is operating at the current time. Most of Synnex's value examination focuses on studying past and present price action to predict the probability of Synnex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Synnex's price. Additionally, you may evaluate how the addition of Synnex to your portfolios can decrease your overall portfolio volatility.