Simply Better Brands Stock Market Value
| SBBC Stock | CAD 0.99 0.01 1.02% |
| Symbol | Simply |
Simply Better Brands Price To Book Ratio
Simply Better '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 Simply Better'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 Simply Better.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Simply Better on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Simply Better Brands or generate 0.0% return on investment in Simply Better over 90 days. Simply Better is related to or competes with NowVertical, and Surge Battery. PureK Holdings Corp. manufactures and sells hemp-based cannabidiol related products in the United States More
Simply Better 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 Simply Better'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 Simply Better Brands upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.88 | |||
| Information Ratio | 0.0444 | |||
| Maximum Drawdown | 17.54 | |||
| Value At Risk | (6.48) | |||
| Potential Upside | 6.73 |
Simply Better Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Simply Better's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Simply Better's standard deviation. In reality, there are many statistical measures that can use Simply Better historical prices to predict the future Simply Better's volatility.| Risk Adjusted Performance | 0.0244 | |||
| Jensen Alpha | 0.0908 | |||
| Total Risk Alpha | 0.5554 | |||
| Sortino Ratio | 0.0449 | |||
| Treynor Ratio | 0.2747 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Simply Better'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.
Simply Better Brands Backtested Returns
Simply Better Brands owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0223, which indicates the firm had a -0.0223 % return per unit of risk over the last 3 months. Simply Better Brands exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Simply Better's Coefficient Of Variation of 5221.69, risk adjusted performance of 0.0244, and Semi Deviation of 3.42 to confirm the risk estimate we provide. The entity has a beta of 0.24, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Simply Better's returns are expected to increase less than the market. However, during the bear market, the loss of holding Simply Better is expected to be smaller as well. At this point, Simply Better Brands has a negative expected return of -0.0789%. Please make sure to validate Simply Better's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if Simply Better Brands performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.41 |
Modest reverse predictability
Simply Better Brands has modest reverse predictability. Overlapping area represents the amount of predictability between Simply Better time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Simply Better Brands price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Simply Better price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Simply Better Brands lagged returns against current returns
Autocorrelation, which is Simply Better 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 Simply Better's stock expected returns. We can calculate the autocorrelation of Simply Better returns to help us make a trade decision. For example, suppose you find that Simply Better 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 |
Simply Better 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 Simply Better stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Simply Better stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Simply Better stock over time.
Current vs Lagged Prices |
| Timeline |
Simply Better Lagged Returns
When evaluating Simply Better's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Simply Better stock have on its future price. Simply Better 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, Simply Better autocorrelation shows the relationship between Simply Better stock current value and its past values and can show if there is a momentum factor associated with investing in Simply Better Brands.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Simply Stock Analysis
When running Simply Better's price analysis, check to measure Simply Better'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 Simply Better is operating at the current time. Most of Simply Better's value examination focuses on studying past and present price action to predict the probability of Simply Better's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Simply Better's price. Additionally, you may evaluate how the addition of Simply Better to your portfolios can decrease your overall portfolio volatility.