Smith Nephew Snats Stock Market Value
| SNN Stock | USD 28.57 0.36 1.28% |
| Symbol | Smith |
Smith Nephew SNATS Price To Book Ratio
Is Health Care Equipment & Supplies 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 Nephew. 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 Nephew 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 1.164 | Dividend Share 0.375 | Earnings Share 0.94 | Revenue Per Share | Quarterly Revenue Growth 0.06 |
The market value of Smith Nephew SNATS 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 Nephew's value that differs from its market value or its book value, called intrinsic value, which is Smith Nephew'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 Smith Nephew's market value can be influenced by many factors that don't directly affect Smith Nephew'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 Smith Nephew's value and its price as these two are different measures arrived at by different means. Investors typically determine if Smith Nephew is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Smith Nephew'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.
Smith Nephew '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 Nephew'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 Smith Nephew.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Smith Nephew on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Smith Nephew SNATS or generate 0.0% return on investment in Smith Nephew over 90 days. Smith Nephew is related to or competes with CochLear, Integer Holdings, Orthofix Medical, Glaukos Corp, Bruker, Globus Medical, and CONMED. Smith Nephew plc, together with its subsidiaries, develops, manufactures, markets, and sells medical devices worldwide More
Smith Nephew 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 Nephew'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 Smith Nephew SNATS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.49 | |||
| Information Ratio | 0.18 | |||
| Maximum Drawdown | 10.31 | |||
| Value At Risk | (2.30) | |||
| Potential Upside | 2.38 |
Smith Nephew Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Smith Nephew's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Smith Nephew's standard deviation. In reality, there are many statistical measures that can use Smith Nephew historical prices to predict the future Smith Nephew's volatility.| Risk Adjusted Performance | 0.1083 | |||
| Jensen Alpha | 0.23 | |||
| Total Risk Alpha | 0.3873 | |||
| Sortino Ratio | 0.1958 | |||
| Treynor Ratio | 0.432 |
Smith Nephew SNATS Backtested Returns
Smith Nephew appears to be very steady, given 3 months investment horizon. Smith Nephew SNATS 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 thirty technical indicators for Smith Nephew SNATS, which you can use to evaluate the volatility of the company. Please review Smith Nephew's Coefficient Of Variation of 839.84, semi deviation of 1.28, and Risk Adjusted Performance of 0.1083 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Smith Nephew holds a performance score of 10. The entity has a beta of 0.43, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Smith Nephew's returns are expected to increase less than the market. However, during the bear market, the loss of holding Smith Nephew is expected to be smaller as well. Please check Smith Nephew's semi variance, and the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether Smith Nephew's existing price patterns will revert.
Auto-correlation | 0.49 |
Average predictability
Smith Nephew SNATS has average predictability. Overlapping area represents the amount of predictability between Smith Nephew time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Smith Nephew SNATS price movement. The serial correlation of 0.49 indicates that about 49.0% of current Smith Nephew price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 3.74 |
Smith Nephew SNATS lagged returns against current returns
Autocorrelation, which is Smith Nephew 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 Nephew's stock expected returns. We can calculate the autocorrelation of Smith Nephew returns to help us make a trade decision. For example, suppose you find that Smith Nephew 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 Nephew 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 Nephew stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Smith Nephew stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Smith Nephew stock over time.
Current vs Lagged Prices |
| Timeline |
Smith Nephew Lagged Returns
When evaluating Smith Nephew's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Smith Nephew stock have on its future price. Smith Nephew 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 Nephew autocorrelation shows the relationship between Smith Nephew stock current value and its past values and can show if there is a momentum factor associated with investing in Smith Nephew SNATS.
Regressed Prices |
| Timeline |
Pair Trading with Smith Nephew
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 Smith Nephew 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 Smith Nephew will appreciate offsetting losses from the drop in the long position's value.Moving together with Smith Stock
Moving against Smith Stock
| 0.86 | EMBC | Embecta Corp | PairCorr |
| 0.8 | TELA | Tela Bio Earnings Call This Week | PairCorr |
| 0.77 | SRDX | SurModics | PairCorr |
| 0.75 | WST | West Pharmaceutical | PairCorr |
| 0.74 | SMLR | Semler Scientific | PairCorr |
The ability to find closely correlated positions to Smith Nephew could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Smith Nephew 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 Smith Nephew - 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 Smith Nephew SNATS to buy it.
The correlation of Smith Nephew 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 Smith Nephew moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Smith Nephew SNATS 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 Smith Nephew 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.Check out Smith Nephew Correlation, Smith Nephew Volatility and Smith Nephew Alpha and Beta module to complement your research on Smith Nephew. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Smith Nephew 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.