Synchronoss Technologies Stock Market Value
| SNCR Stock | USD 9.91 0.09 0.90% |
| Symbol | Synchronoss |
Synchronoss Technologies Price To Book Ratio
Is Application Software 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 Synchronoss Technologies. If investors know Synchronoss 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 Synchronoss Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.98) | Revenue Per Share 16.963 | Quarterly Revenue Growth 0.059 | Return On Assets 0.0196 | Return On Equity (0.14) |
The market value of Synchronoss Technologies is measured differently than its book value, which is the value of Synchronoss that is recorded on the company's balance sheet. Investors also form their own opinion of Synchronoss Technologies' value that differs from its market value or its book value, called intrinsic value, which is Synchronoss Technologies' 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 Synchronoss Technologies' market value can be influenced by many factors that don't directly affect Synchronoss Technologies' 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 Synchronoss Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Synchronoss Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Synchronoss Technologies' 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.
Synchronoss Technologies '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 Synchronoss Technologies' 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 Synchronoss Technologies.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Synchronoss Technologies on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Synchronoss Technologies or generate 0.0% return on investment in Synchronoss Technologies over 30 days. Synchronoss Technologies is related to or competes with Evertec, Consensus Cloud, Global Blue, NetScout Systems, CSG Systems, Cellebrite, and Lesaka Technologies. Synchronoss Technologies, Inc. provides cloud, messaging, digital, and network management platforms, products, and solut... More
Synchronoss Technologies 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 Synchronoss Technologies' 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 Synchronoss Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 20.36 | |||
| Value At Risk | (8.30) | |||
| Potential Upside | 5.98 |
Synchronoss Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Synchronoss Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Synchronoss Technologies' standard deviation. In reality, there are many statistical measures that can use Synchronoss Technologies historical prices to predict the future Synchronoss Technologies' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.60) | |||
| Total Risk Alpha | (1.11) | |||
| Treynor Ratio | (0.31) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Synchronoss Technologies' 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.
Synchronoss Technologies Backtested Returns
Synchronoss Technologies 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. Synchronoss Technologies exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Synchronoss Technologies' Coefficient Of Variation of (988.44), risk adjusted performance of (0.06), and Variance of 17.8 to confirm the risk estimate we provide. The entity has a beta of 1.39, 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, Synchronoss Technologies will likely underperform. At this point, Synchronoss Technologies has a negative expected return of -0.46%. Please make sure to validate Synchronoss Technologies' treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Synchronoss Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.58 |
Good reverse predictability
Synchronoss Technologies has good reverse predictability. Overlapping area represents the amount of predictability between Synchronoss Technologies time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Synchronoss Technologies price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Synchronoss Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Synchronoss Technologies lagged returns against current returns
Autocorrelation, which is Synchronoss Technologies 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 Synchronoss Technologies' stock expected returns. We can calculate the autocorrelation of Synchronoss Technologies returns to help us make a trade decision. For example, suppose you find that Synchronoss Technologies 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 |
Synchronoss Technologies 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 Synchronoss Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Synchronoss Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Synchronoss Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Synchronoss Technologies Lagged Returns
When evaluating Synchronoss Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Synchronoss Technologies stock have on its future price. Synchronoss Technologies 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, Synchronoss Technologies autocorrelation shows the relationship between Synchronoss Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Synchronoss Technologies.
Regressed Prices |
| Timeline |
Pair Trading with Synchronoss Technologies
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 Synchronoss Technologies 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 Synchronoss Technologies will appreciate offsetting losses from the drop in the long position's value.Moving against Synchronoss Stock
| 0.86 | NN | Nextnav Acquisition Corp | PairCorr |
| 0.84 | ZS | Zscaler | PairCorr |
| 0.79 | FIVN | Five9 Inc | PairCorr |
| 0.79 | FLYW | Flywire Corp | PairCorr |
| 0.77 | CETXP | Cemtrex Pref Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Synchronoss Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Synchronoss Technologies 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 Synchronoss Technologies - 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 Synchronoss Technologies to buy it.
The correlation of Synchronoss Technologies 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 Synchronoss Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Synchronoss Technologies 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 Synchronoss Technologies 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 Synchronoss Stock Analysis
When running Synchronoss Technologies' price analysis, check to measure Synchronoss Technologies' 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 Synchronoss Technologies is operating at the current time. Most of Synchronoss Technologies' value examination focuses on studying past and present price action to predict the probability of Synchronoss Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Synchronoss Technologies' price. Additionally, you may evaluate how the addition of Synchronoss Technologies to your portfolios can decrease your overall portfolio volatility.