Snap On Stock Market Value
SNA Stock | USD 296.22 0.72 0.24% |
Symbol | Snap |
Snap-On Price To Book Ratio
Is Snap On's 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 Snap On. If investors know Snap 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 Snap On 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 0.076 | Dividend Share 6.72 | Earnings Share 18.75 | Revenue Per Share 96.565 | Quarterly Revenue Growth 0.04 |
The market value of Snap-On is measured differently than its book value, which is the value of Snap that is recorded on the company's balance sheet. Investors also form their own opinion of Snap On's value that differs from its market value or its book value, called intrinsic value, which is Snap On'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 Snap On's market value can be influenced by many factors that don't directly affect Snap On'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 Snap On's value and its price as these two are different measures arrived at by different means. Investors typically determine if Snap On is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Snap On'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.
Snap On '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 Snap On'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 Snap On.
02/28/2024 |
| 03/29/2024 |
If you would invest 0.00 in Snap On on February 28, 2024 and sell it all today you would earn a total of 0.00 from holding Snap On or generate 0.0% return on investment in Snap On over 30 days. Snap On is related to or competes with RBC Bearings, Timken, Toro, QEP, Hillman Solutions, Toughbuilt Industries, and Lincoln Electric. Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solution... More
Snap On 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 Snap On'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 Snap On upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 2.13 | |||
Information Ratio | (0.05) | |||
Maximum Drawdown | 10.55 | |||
Value At Risk | (1.49) | |||
Potential Upside | 2.05 |
Snap On Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Snap On's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Snap On's standard deviation. In reality, there are many statistical measures that can use Snap On historical prices to predict the future Snap On's volatility.Risk Adjusted Performance | 0.0296 | |||
Jensen Alpha | (0.08) | |||
Total Risk Alpha | (0.29) | |||
Sortino Ratio | (0.03) | |||
Treynor Ratio | 0.0499 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Snap On's 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.
Snap-On Backtested Returns
We consider Snap On very steady. Snap-On owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0413, which indicates the firm had a 0.0413% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Snap On, which you can use to evaluate the volatility of the company. Please validate Snap On's Semi Deviation of 1.99, risk adjusted performance of 0.0296, and Coefficient Of Variation of 2395.93 to confirm if the risk estimate we provide is consistent with the expected return of 0.0664%. Snap On has a performance score of 3 on a scale of 0 to 100. The entity has a beta of 1.09, which indicates a somewhat significant risk relative to the market. Snap On returns are very sensitive to returns on the market. As the market goes up or down, Snap On is expected to follow. Snap-On right now has a risk of 1.61%. Please validate Snap On information ratio, downside variance, day median price, as well as the relationship between the treynor ratio and kurtosis , to decide if Snap On will be following its existing price patterns.
Auto-correlation | 0.68 |
Good predictability
Snap On has good predictability. Overlapping area represents the amount of predictability between Snap On time series from 28th of February 2024 to 14th of March 2024 and 14th of March 2024 to 29th of March 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 Snap-On price movement. The serial correlation of 0.68 indicates that around 68.0% of current Snap On price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.68 | |
Spearman Rank Test | 0.63 | |
Residual Average | 0.0 | |
Price Variance | 7.54 |
Snap-On lagged returns against current returns
Autocorrelation, which is Snap On 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 Snap On's stock expected returns. We can calculate the autocorrelation of Snap On returns to help us make a trade decision. For example, suppose you find that Snap On 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 |
Snap On 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 Snap On stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Snap On stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Snap On stock over time.
Current vs Lagged Prices |
Timeline |
Snap On Lagged Returns
When evaluating Snap On's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Snap On stock have on its future price. Snap On 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, Snap On autocorrelation shows the relationship between Snap On stock current value and its past values and can show if there is a momentum factor associated with investing in Snap On.
Regressed Prices |
Timeline |
Snap On Investors Sentiment
The influence of Snap On's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Snap. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Snap On's public news can be used to forecast risks associated with an investment in Snap. The trend in average sentiment can be used to explain how an investor holding Snap can time the market purely based on public headlines and social activities around Snap On. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Snap On's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Snap On's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Snap On's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Snap On.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Snap On in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Snap On's short interest history, or implied volatility extrapolated from Snap On options trading.
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When determining whether Snap-On offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Snap On's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Snap On Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Snap On Stock:Check out Snap On Correlation, Snap On Volatility and Snap On Alpha and Beta module to complement your research on Snap On. For information on how to trade Snap Stock refer to our How to Trade Snap Stock guide.You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Complementary Tools for Snap Stock analysis
When running Snap On's price analysis, check to measure Snap On'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 Snap On is operating at the current time. Most of Snap On's value examination focuses on studying past and present price action to predict the probability of Snap On's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Snap On's price. Additionally, you may evaluate how the addition of Snap On to your portfolios can decrease your overall portfolio volatility.
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Snap On 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.