Sierra Bancorp Stock Market Value
| BSRR Stock | USD 31.47 0.14 0.44% |
| Symbol | Sierra |
Sierra Bancorp Price To Book Ratio
Is Regional Banks 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 Sierra Bancorp. If investors know Sierra 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 Sierra Bancorp 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 0.092 | Dividend Share 0.94 | Earnings Share 2.52 | Revenue Per Share 9.99 | Quarterly Revenue Growth 0.037 |
The market value of Sierra Bancorp is measured differently than its book value, which is the value of Sierra that is recorded on the company's balance sheet. Investors also form their own opinion of Sierra Bancorp's value that differs from its market value or its book value, called intrinsic value, which is Sierra Bancorp'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 Sierra Bancorp's market value can be influenced by many factors that don't directly affect Sierra Bancorp'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 Sierra Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sierra Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sierra Bancorp'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.
Sierra Bancorp '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 Sierra Bancorp'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 Sierra Bancorp.
| 01/07/2024 |
| 12/02/2024 |
If you would invest 0.00 in Sierra Bancorp on January 7, 2024 and sell it all today you would earn a total of 0.00 from holding Sierra Bancorp or generate 0.0% return on investment in Sierra Bancorp over 330 days. Sierra Bancorp is related to or competes with JPMorgan Chase, Citigroup, Wells Fargo, Toronto Dominion, Bank of America, Royal Bank, and HSBC Holdings. Sierra Bancorp operates as the bank holding company for Bank of the Sierra that provides retail and commercial banking s... More
Sierra Bancorp 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 Sierra Bancorp'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 Sierra Bancorp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.5 | |||
| Information Ratio | 0.0104 | |||
| Maximum Drawdown | 26.66 | |||
| Value At Risk | (3.15) | |||
| Potential Upside | 3.75 |
Sierra Bancorp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sierra Bancorp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sierra Bancorp's standard deviation. In reality, there are many statistical measures that can use Sierra Bancorp historical prices to predict the future Sierra Bancorp's volatility.| Risk Adjusted Performance | 0.0484 | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.37) | |||
| Sortino Ratio | 0.0133 | |||
| Treynor Ratio | 0.0587 |
Sierra Bancorp Backtested Returns
Currently, Sierra Bancorp is not too volatile. Sierra Bancorp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0417, which indicates the firm had a 0.0417% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sierra Bancorp, which you can use to evaluate the volatility of the company. Please validate Sierra Bancorp's Semi Deviation of 2.31, risk adjusted performance of 0.0484, and Coefficient Of Variation of 1873.01 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. Sierra Bancorp has a performance score of 3 on a scale of 0 to 100. The entity has a beta of 2.74, 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, Sierra Bancorp will likely underperform. Sierra Bancorp right now has a risk of 3.23%. Please validate Sierra Bancorp potential upside, and the relationship between the jensen alpha and accumulation distribution , to decide if Sierra Bancorp will be following its existing price patterns.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Sierra Bancorp has insignificant reverse predictability. Overlapping area represents the amount of predictability between Sierra Bancorp time series from 7th of January 2024 to 20th of June 2024 and 20th of June 2024 to 2nd of December 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 Sierra Bancorp price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Sierra Bancorp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 9.38 |
Sierra Bancorp lagged returns against current returns
Autocorrelation, which is Sierra Bancorp 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 Sierra Bancorp's stock expected returns. We can calculate the autocorrelation of Sierra Bancorp returns to help us make a trade decision. For example, suppose you find that Sierra Bancorp 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 |
Sierra Bancorp 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 Sierra Bancorp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sierra Bancorp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sierra Bancorp stock over time.
Current vs Lagged Prices |
| Timeline |
Sierra Bancorp Lagged Returns
When evaluating Sierra Bancorp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sierra Bancorp stock have on its future price. Sierra Bancorp 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, Sierra Bancorp autocorrelation shows the relationship between Sierra Bancorp stock current value and its past values and can show if there is a momentum factor associated with investing in Sierra Bancorp.
Regressed Prices |
| Timeline |
Pair Trading with Sierra Bancorp
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 Sierra Bancorp 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 Sierra Bancorp will appreciate offsetting losses from the drop in the long position's value.Moving together with Sierra Stock
Moving against Sierra Stock
| 0.45 | CFG-PE | Citizens Financial | PairCorr |
| 0.34 | TFC-PR | Truist Financial | PairCorr |
| 0.31 | TFC-PO | Truist Financial | PairCorr |
The ability to find closely correlated positions to Sierra Bancorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sierra Bancorp 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 Sierra Bancorp - 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 Sierra Bancorp to buy it.
The correlation of Sierra Bancorp 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 Sierra Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sierra Bancorp 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 Sierra Bancorp 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.Additional Tools for Sierra Stock Analysis
When running Sierra Bancorp's price analysis, check to measure Sierra Bancorp'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 Sierra Bancorp is operating at the current time. Most of Sierra Bancorp's value examination focuses on studying past and present price action to predict the probability of Sierra Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sierra Bancorp's price. Additionally, you may evaluate how the addition of Sierra Bancorp to your portfolios can decrease your overall portfolio volatility.