Smiths Group Plc Stock Market Value
| SMGZY Stock | USD 25.99 0.36 1.37% |
| Symbol | Smiths |
Smiths Group '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 Smiths Group's pink sheet 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 Smiths Group.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Smiths Group on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Smiths Group Plc or generate 0.0% return on investment in Smiths Group over 90 days. Smiths Group is related to or competes with Vestas Wind, Nuscale Power, Ballard Power, Rockwell Automation, Cummins, Generac Holdings, and Parker Hannifin. Smiths Group plc operates as a technology company serving the medical technology, security and defense, general industri... More
Smiths Group 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 Smiths Group's pink sheet 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 Smiths Group Plc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.56 | |||
| Information Ratio | 0.1693 | |||
| Maximum Drawdown | 12.64 | |||
| Value At Risk | (2.38) | |||
| Potential Upside | 2.74 |
Smiths Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Smiths Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Smiths Group's standard deviation. In reality, there are many statistical measures that can use Smiths Group historical prices to predict the future Smiths Group's volatility.| Risk Adjusted Performance | 0.1052 | |||
| Jensen Alpha | 0.2525 | |||
| Total Risk Alpha | 0.4261 | |||
| Sortino Ratio | 0.1972 | |||
| Treynor Ratio | 0.4021 |
Smiths Group Plc Backtested Returns
Smiths Group appears to be very steady, given 3 months investment horizon. Smiths Group Plc owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Smiths Group Plc, which you can use to evaluate the volatility of the company. Please review Smiths Group's Risk Adjusted Performance of 0.1052, coefficient of variation of 870.87, and Semi Deviation of 1.38 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Smiths Group holds a performance score of 10. The entity has a beta of 0.49, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Smiths Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Smiths Group is expected to be smaller as well. Please check Smiths Group's total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to make a quick decision on whether Smiths Group's existing price patterns will revert.
Auto-correlation | -0.02 |
Very weak reverse predictability
Smiths Group Plc has very weak reverse predictability. Overlapping area represents the amount of predictability between Smiths Group 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 Smiths Group Plc price movement. The serial correlation of -0.02 indicates that only 2.0% of current Smiths Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.69 |
Smiths Group Plc lagged returns against current returns
Autocorrelation, which is Smiths Group pink sheet'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 Smiths Group's pink sheet expected returns. We can calculate the autocorrelation of Smiths Group returns to help us make a trade decision. For example, suppose you find that Smiths Group has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Smiths Group 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 Smiths Group pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Smiths Group pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Smiths Group pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Smiths Group Lagged Returns
When evaluating Smiths Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Smiths Group pink sheet have on its future price. Smiths Group 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, Smiths Group autocorrelation shows the relationship between Smiths Group pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Smiths Group Plc.
Regressed Prices |
| Timeline |
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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 Smiths Pink Sheet Analysis
When running Smiths Group's price analysis, check to measure Smiths Group'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 Smiths Group is operating at the current time. Most of Smiths Group's value examination focuses on studying past and present price action to predict the probability of Smiths Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Smiths Group's price. Additionally, you may evaluate how the addition of Smiths Group to your portfolios can decrease your overall portfolio volatility.