Sonos Inc Stock Market Value
| SONO Stock | USD 11.42 0.22 1.96% |
| Symbol | Sonos |
Sonos Inc Price To Book Ratio
Is Consumer Electronics 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 Sonos. If investors know Sonos 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 Sonos 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 (0.38) | Earnings Share (0.55) | Revenue Per Share | Quarterly Revenue Growth (0.10) | Return On Assets |
The market value of Sonos Inc is measured differently than its book value, which is the value of Sonos that is recorded on the company's balance sheet. Investors also form their own opinion of Sonos' value that differs from its market value or its book value, called intrinsic value, which is Sonos' 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 Sonos' market value can be influenced by many factors that don't directly affect Sonos' 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 Sonos' value and its price as these two are different measures arrived at by different means. Investors typically determine if Sonos is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sonos' 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.
Sonos '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 Sonos' 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 Sonos.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Sonos on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Sonos Inc or generate 0.0% return on investment in Sonos over 90 days. Sonos is related to or competes with LG Display, Sony Group, Vuzix Corp, Sony Corp, Universal Electronics, VOXX International, and Samsung Electronics. Sonos, Inc., together with its subsidiaries, designs, develops, manufactures, and sells multi-room audio products in the... More
Sonos 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 Sonos' 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 Sonos Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 14.04 | |||
| Value At Risk | (4.13) | |||
| Potential Upside | 4.86 |
Sonos Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sonos' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sonos' standard deviation. In reality, there are many statistical measures that can use Sonos historical prices to predict the future Sonos' volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | (0.32) |
Sonos Inc Backtested Returns
Sonos Inc owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.15, which indicates the firm had a -0.15 % return per unit of risk over the last 3 months. Sonos Inc exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sonos' Variance of 6.3, risk adjusted performance of (0.12), and Coefficient Of Variation of (715.47) to confirm the risk estimate we provide. The entity has a beta of 1.12, which indicates a somewhat significant risk relative to the market. Sonos returns are very sensitive to returns on the market. As the market goes up or down, Sonos is expected to follow. At this point, Sonos Inc has a negative expected return of -0.38%. Please make sure to validate Sonos' treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Sonos Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.26 |
Poor predictability
Sonos Inc has poor predictability. Overlapping area represents the amount of predictability between Sonos 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 Sonos Inc price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Sonos price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.71 |
Sonos Inc lagged returns against current returns
Autocorrelation, which is Sonos 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 Sonos' stock expected returns. We can calculate the autocorrelation of Sonos returns to help us make a trade decision. For example, suppose you find that Sonos 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 |
Sonos 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 Sonos stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sonos stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sonos stock over time.
Current vs Lagged Prices |
| Timeline |
Sonos Lagged Returns
When evaluating Sonos' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sonos stock have on its future price. Sonos 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, Sonos autocorrelation shows the relationship between Sonos stock current value and its past values and can show if there is a momentum factor associated with investing in Sonos Inc.
Regressed Prices |
| Timeline |
Pair Trading with Sonos
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 Sonos 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 Sonos will appreciate offsetting losses from the drop in the long position's value.Moving together with Sonos Stock
Moving against Sonos Stock
| 0.79 | IH | Ihuman Inc | PairCorr |
| 0.66 | LI | Li Auto | PairCorr |
| 0.65 | MAT | Mattel Inc | PairCorr |
| 0.64 | MYTE | MYT Netherlands Parent | PairCorr |
| 0.64 | EM | Smart Share Global | PairCorr |
The ability to find closely correlated positions to Sonos could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sonos 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 Sonos - 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 Sonos Inc to buy it.
The correlation of Sonos 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 Sonos moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sonos Inc 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 Sonos 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 Sonos Correlation, Sonos Volatility and Sonos Alpha and Beta module to complement your research on Sonos. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Sonos 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.