Standard Motor Products Stock Market Value
| SMP Stock | USD 30.09 0.84 2.72% |
| Symbol | Standard |
Standard Motor Products Price To Book Ratio
Is Automotive Parts & Equipment 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 Standard. If investors know Standard 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 Standard 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 (0.43) | Dividend Share 1.16 | Earnings Share 2.78 | Revenue Per Share | Quarterly Revenue Growth 0.033 |
The market value of Standard Motor Products is measured differently than its book value, which is the value of Standard that is recorded on the company's balance sheet. Investors also form their own opinion of Standard's value that differs from its market value or its book value, called intrinsic value, which is Standard'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 Standard's market value can be influenced by many factors that don't directly affect Standard'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 Standard's value and its price as these two are different measures arrived at by different means. Investors typically determine if Standard is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Standard'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.
Standard '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 Standard'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 Standard.
| 08/30/2024 |
| 02/26/2025 |
If you would invest 0.00 in Standard on August 30, 2024 and sell it all today you would earn a total of 0.00 from holding Standard Motor Products or generate 0.0% return on investment in Standard over 180 days. Standard is related to or competes with Dorman Products, Motorcar Parts, Douglas Dynamics, Stoneridge, Monro Muffler, Cooper Stnd, and Lear. Standard Motor Products, Inc. manufactures and distributes replacement parts that are used in the maintenance, repair, a... More
Standard 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 Standard'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 Standard Motor Products upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 6.68 | |||
| Value At Risk | (2.14) | |||
| Potential Upside | 1.93 |
Standard Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Standard's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Standard's standard deviation. In reality, there are many statistical measures that can use Standard historical prices to predict the future Standard's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.1) |
Standard Motor Products Backtested Returns
Standard Motor Products owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.058, which indicates the firm had a -0.058 % return per unit of risk over the last 3 months. Standard Motor Products exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Standard's Risk Adjusted Performance of (0.02), variance of 1.96, and Coefficient Of Variation of (2,588) to confirm the risk estimate we provide. The entity has a beta of 0.66, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Standard's returns are expected to increase less than the market. However, during the bear market, the loss of holding Standard is expected to be smaller as well. At this point, Standard Motor Products has a negative expected return of -0.0789%. Please make sure to validate Standard's mean deviation, treynor ratio, as well as the relationship between the Treynor Ratio and rate of daily change , to decide if Standard Motor Products performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.02 |
Very weak reverse predictability
Standard Motor Products has very weak reverse predictability. Overlapping area represents the amount of predictability between Standard time series from 30th of August 2024 to 28th of November 2024 and 28th of November 2024 to 26th of February 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 Standard Motor Products price movement. The serial correlation of -0.02 indicates that only 2.0% of current Standard price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 1.33 |
Standard Motor Products lagged returns against current returns
Autocorrelation, which is Standard 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 Standard's stock expected returns. We can calculate the autocorrelation of Standard returns to help us make a trade decision. For example, suppose you find that Standard 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 |
Standard 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 Standard stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Standard stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Standard stock over time.
Current vs Lagged Prices |
| Timeline |
Standard Lagged Returns
When evaluating Standard's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Standard stock have on its future price. Standard 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, Standard autocorrelation shows the relationship between Standard stock current value and its past values and can show if there is a momentum factor associated with investing in Standard Motor Products.
Regressed Prices |
| Timeline |
Pair Trading with Standard
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 Standard 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 Standard will appreciate offsetting losses from the drop in the long position's value.Moving together with Standard Stock
Moving against Standard Stock
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The ability to find closely correlated positions to Standard could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Standard 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 Standard - 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 Standard Motor Products to buy it.
The correlation of Standard 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 Standard moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Standard Motor Products 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 Standard 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 Standard Stock Analysis
When running Standard's price analysis, check to measure Standard'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 Standard is operating at the current time. Most of Standard's value examination focuses on studying past and present price action to predict the probability of Standard's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Standard's price. Additionally, you may evaluate how the addition of Standard to your portfolios can decrease your overall portfolio volatility.