Smith Douglas Homes Stock Market Value
| SDHC Stock | 27.09 0.73 2.62% |
| Symbol | Smith |
Is Household Durables 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 Smith Douglas. If investors know Smith 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 Smith Douglas listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Smith Douglas Homes is measured differently than its book value, which is the value of Smith that is recorded on the company's balance sheet. Investors also form their own opinion of Smith Douglas' value that differs from its market value or its book value, called intrinsic value, which is Smith Douglas' 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 Smith Douglas' market value can be influenced by many factors that don't directly affect Smith Douglas' 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 Smith Douglas' value and its price as these two are different measures arrived at by different means. Investors typically determine if Smith Douglas is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Smith Douglas' 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.
Smith Douglas '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 Smith Douglas' 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 Smith Douglas.
| 11/24/2024 |
| 12/24/2024 |
If you would invest 0.00 in Smith Douglas on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding Smith Douglas Homes or generate 0.0% return on investment in Smith Douglas over 30 days. Smith Douglas is related to or competes with Alaska Air, Alvarium Tiedemann, Reservoir Media, Rand Capital, Air Lease, and National CineMedia. More
Smith Douglas 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 Smith Douglas' 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 Smith Douglas Homes upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 14.85 | |||
| Value At Risk | (6.22) | |||
| Potential Upside | 4.24 |
Smith Douglas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Smith Douglas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Smith Douglas' standard deviation. In reality, there are many statistical measures that can use Smith Douglas historical prices to predict the future Smith Douglas' volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.35) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | (0.65) |
Smith Douglas Homes Backtested Returns
Smith Douglas Homes owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.11, which indicates the firm had a -0.11% return per unit of risk over the last 3 months. Smith Douglas Homes exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Smith Douglas' Coefficient Of Variation of (910.49), risk adjusted performance of (0.08), and Variance of 8.85 to confirm the risk estimate we provide. The entity has a beta of 0.52, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Smith Douglas' returns are expected to increase less than the market. However, during the bear market, the loss of holding Smith Douglas is expected to be smaller as well. At this point, Smith Douglas Homes has a negative expected return of -0.33%. Please make sure to validate Smith Douglas' maximum drawdown, daily balance of power, period momentum indicator, as well as the relationship between the skewness and day typical price , to decide if Smith Douglas Homes performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.02 |
Very weak reverse predictability
Smith Douglas Homes has very weak reverse predictability. Overlapping area represents the amount of predictability between Smith Douglas time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th 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 Smith Douglas Homes price movement. The serial correlation of -0.02 indicates that only 2.0% of current Smith Douglas price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 3.62 |
Smith Douglas Homes lagged returns against current returns
Autocorrelation, which is Smith Douglas 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 Smith Douglas' stock expected returns. We can calculate the autocorrelation of Smith Douglas returns to help us make a trade decision. For example, suppose you find that Smith Douglas 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 |
Smith Douglas 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 Smith Douglas stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Smith Douglas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Smith Douglas stock over time.
Current vs Lagged Prices |
| Timeline |
Smith Douglas Lagged Returns
When evaluating Smith Douglas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Smith Douglas stock have on its future price. Smith Douglas 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, Smith Douglas autocorrelation shows the relationship between Smith Douglas stock current value and its past values and can show if there is a momentum factor associated with investing in Smith Douglas Homes.
Regressed Prices |
| Timeline |
Also Currently Popular
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.When determining whether Smith Douglas Homes offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Smith Douglas' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Smith Douglas Homes Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Smith Douglas Homes Stock:Check out Smith Douglas Correlation, Smith Douglas Volatility and Smith Douglas Alpha and Beta module to complement your research on Smith Douglas. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Smith Douglas 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.