Signet Jewelers Stock Market Value
| SIG Stock | USD 98.59 2.49 2.46% |
| Symbol | Signet |
Signet Jewelers Price To Book Ratio
Is Signet Jewelers' industry 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 Signet Jewelers. If investors know Signet 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 Signet Jewelers 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 1.138 | Dividend Share 0.92 | Earnings Share 15.01 | Revenue Per Share 159.713 | Quarterly Revenue Growth (0.06) |
The market value of Signet Jewelers is measured differently than its book value, which is the value of Signet that is recorded on the company's balance sheet. Investors also form their own opinion of Signet Jewelers' value that differs from its market value or its book value, called intrinsic value, which is Signet Jewelers' 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 Signet Jewelers' market value can be influenced by many factors that don't directly affect Signet Jewelers' 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 Signet Jewelers' value and its price as these two are different measures arrived at by different means. Investors typically determine if Signet Jewelers is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Signet Jewelers' 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.
Signet Jewelers '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 Signet Jewelers' 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 Signet Jewelers.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Signet Jewelers on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Signet Jewelers or generate 0.0% return on investment in Signet Jewelers over 30 days. Signet Jewelers is related to or competes with Movado, Tapestry, Capri Holdings, Lanvin Group, Fossil, Charles Colvard, and Brilliant Earth. Signet Jewelers Limited operates as a diamond jewelry retailer More
Signet Jewelers 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 Signet Jewelers' 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 Signet Jewelers upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.92 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 15.08 | |||
| Value At Risk | (3.69) | |||
| Potential Upside | 3.14 |
Signet Jewelers Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Signet Jewelers' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Signet Jewelers' standard deviation. In reality, there are many statistical measures that can use Signet Jewelers historical prices to predict the future Signet Jewelers' volatility.| Risk Adjusted Performance | 0.0239 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.32) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0681 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Signet Jewelers' 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.
Signet Jewelers Backtested Returns
We consider Signet Jewelers very steady. Signet Jewelers owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0069, which indicates the firm had a 0.0069% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Signet Jewelers, which you can use to evaluate the volatility of the company. Please validate Signet Jewelers' Risk Adjusted Performance of 0.0239, semi deviation of 2.87, and Coefficient Of Variation of 3870.31 to confirm if the risk estimate we provide is consistent with the expected return of 0.0196%. The entity has a beta of 0.91, which indicates possible diversification benefits within a given portfolio. Signet Jewelers returns are very sensitive to returns on the market. As the market goes up or down, Signet Jewelers is expected to follow. Signet Jewelers right now has a risk of 2.85%. Please validate Signet Jewelers total risk alpha, expected short fall, price action indicator, as well as the relationship between the value at risk and daily balance of power , to decide if Signet Jewelers will be following its existing price patterns.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Signet Jewelers has insignificant reverse predictability. Overlapping area represents the amount of predictability between Signet Jewelers time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 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 Signet Jewelers price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Signet Jewelers price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 5.56 |
Signet Jewelers lagged returns against current returns
Autocorrelation, which is Signet Jewelers 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 Signet Jewelers' stock expected returns. We can calculate the autocorrelation of Signet Jewelers returns to help us make a trade decision. For example, suppose you find that Signet Jewelers 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 |
Signet Jewelers 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 Signet Jewelers stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Signet Jewelers stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Signet Jewelers stock over time.
Current vs Lagged Prices |
| Timeline |
Signet Jewelers Lagged Returns
When evaluating Signet Jewelers' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Signet Jewelers stock have on its future price. Signet Jewelers 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, Signet Jewelers autocorrelation shows the relationship between Signet Jewelers stock current value and its past values and can show if there is a momentum factor associated with investing in Signet Jewelers.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Signet Jewelers is a strong investment it is important to analyze Signet Jewelers' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Signet Jewelers' future performance. For an informed investment choice regarding Signet Stock, refer to the following important reports:Check out Signet Jewelers Correlation, Signet Jewelers Volatility and Signet Jewelers Alpha and Beta module to complement your research on Signet Jewelers. For more detail on how to invest in Signet Stock please use our How to Invest in Signet Jewelers guide.You can also try the AI Investment Finder module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for Signet Stock analysis
When running Signet Jewelers' price analysis, check to measure Signet Jewelers' 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 Signet Jewelers is operating at the current time. Most of Signet Jewelers' value examination focuses on studying past and present price action to predict the probability of Signet Jewelers' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Signet Jewelers' price. Additionally, you may evaluate how the addition of Signet Jewelers to your portfolios can decrease your overall portfolio volatility.
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Signet Jewelers 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.