Snap Competitors
SNA Stock | USD 296.94 5.97 2.05% |
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Snap On competition on your existing holdings.
Snap |
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 Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Snap On and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Snap and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Snap-On does not affect the price movement of the other competitor.
RBC | SWK | TTC | QEPC | ||
RBC | 0.54 | 0.56 | -0.61 | RBC | |
SWK | 0.54 | 0.07 | -0.25 | SWK | |
TTC | 0.56 | 0.07 | -0.54 | TTC | |
QEPC | -0.61 | -0.25 | -0.54 | QEPC | |
RBC | SWK | TTC | QEPC |
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
High positive correlations
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Snap Stock performing well and Snap On Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Snap On's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.Cross Equities Net Income Analysis
Compare Snap-On and related stocks such as RBC Bearings rporated, Stanley Black Decker, and Toro Net Income Over Time
Select Fundamental2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
RBC | 3.4 M | 50 M | 56.3 M | 60.2 M | 58.2 M | 63.9 M | 70.6 M | 87.1 M | 105.2 M | 120.3 M | 90.1 M | 42.7 M | 166.7 M | 187.2 M | 196.6 M |
SWK | 78.3 M | 674.6 M | 883.8 M | 490.3 M | 760.9 M | 883.7 M | 965.3 M | 1.2 B | 645.3 M | 955.8 M | 1.2 B | 1.7 B | 170.3 M | (296.2 M) | (281.4 M) |
TTC | 15.5 M | 129.5 M | 154.8 M | 173.9 M | 201.6 M | 231 M | 267.7 M | 271.9 M | 274 M | 329.7 M | 409.9 M | 443.3 M | 329.7 M | 379.2 M | 398.1 M |
Snap-On and related stocks such as RBC Bearings rporated, Stanley Black Decker, and Toro Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Snap-On financial statement analysis. It represents the amount of money remaining after all of Snap On operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Snap On Competitive Analysis
The better you understand Snap On competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Snap On's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Snap On's competition over several years is one of the best ways to analyze its investment potential.Better Than Average | Worse Than Peers | View Performance Chart |
Snap On Competition Performance Charts
Five steps to successful analysis of Snap On Competition
Snap On's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Snap-On in relation to its competition. Snap On's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Snap On in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Snap On's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Snap-On, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Complement your Snap On position
In addition to having Snap On in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Apparel Thematic Idea Now
Apparel
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Apparel theme has 48 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Apparel Theme or any other thematic opportunities.
View All Next | Launch |
Check out Snap On Correlation with its peers. For information on how to trade Snap Stock refer to our How to Trade Snap Stock guide.You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
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.
Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
Bonds Directory Find actively traded corporate debentures issued by US companies | |
Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
AI Investment Finder Use AI to screen and filter profitable investment opportunities | |
Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
ETFs Find actively traded Exchange Traded Funds (ETF) from around the world |
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 18.77 | 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.