Sanmina Stock Market Value
| SANM Stock | USD 78.67 0.34 0.43% |
| Symbol | Sanmina |
Sanmina 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 Sanmina. If investors know Sanmina 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 Sanmina 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 0.05 | Earnings Share 3.91 | Revenue Per Share 136.141 | Quarterly Revenue Growth (0.02) | Return On Assets 0.0451 |
The market value of Sanmina is measured differently than its book value, which is the value of Sanmina that is recorded on the company's balance sheet. Investors also form their own opinion of Sanmina's value that differs from its market value or its book value, called intrinsic value, which is Sanmina'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 Sanmina's market value can be influenced by many factors that don't directly affect Sanmina'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 Sanmina's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sanmina is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sanmina'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.
Sanmina '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 Sanmina'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 Sanmina.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Sanmina on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Sanmina or generate 0.0% return on investment in Sanmina over 30 days. Sanmina is related to or competes with Benchmark Electronics, Methode Electronics, OSI Systems, Celestica, Plexus Corp, Flex, and CTS. Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-m... More
Sanmina 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 Sanmina'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 Sanmina upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.59 | |||
| Information Ratio | 0.0444 | |||
| Maximum Drawdown | 15.9 | |||
| Value At Risk | (2.64) | |||
| Potential Upside | 2.35 |
Sanmina Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sanmina's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sanmina's standard deviation. In reality, there are many statistical measures that can use Sanmina historical prices to predict the future Sanmina's volatility.| Risk Adjusted Performance | 0.0847 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0607 | |||
| Treynor Ratio | 0.1091 |
Sanmina Backtested Returns
Sanmina appears to be very steady, given 3 months investment horizon. Sanmina owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.1, which indicates the firm had a 0.1% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sanmina, which you can use to evaluate the volatility of the company. Please review Sanmina's Coefficient Of Variation of 980.15, semi deviation of 1.4, and Risk Adjusted Performance of 0.0847 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sanmina holds a performance score of 7. The entity has a beta of 1.94, 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, Sanmina will likely underperform. Please check Sanmina's value at risk, as well as the relationship between the skewness and day median price , to make a quick decision on whether Sanmina's existing price patterns will revert.
Auto-correlation | 0.80 |
Very good predictability
Sanmina has very good predictability. Overlapping area represents the amount of predictability between Sanmina time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Sanmina price movement. The serial correlation of 0.8 indicates that around 80.0% of current Sanmina price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.78 |
Sanmina lagged returns against current returns
Autocorrelation, which is Sanmina 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 Sanmina's stock expected returns. We can calculate the autocorrelation of Sanmina returns to help us make a trade decision. For example, suppose you find that Sanmina 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 |
Sanmina 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 Sanmina stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sanmina stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sanmina stock over time.
Current vs Lagged Prices |
| Timeline |
Sanmina Lagged Returns
When evaluating Sanmina's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sanmina stock have on its future price. Sanmina 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, Sanmina autocorrelation shows the relationship between Sanmina stock current value and its past values and can show if there is a momentum factor associated with investing in Sanmina.
Regressed Prices |
| Timeline |
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Sanmina 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.