Snap On Stock Odds of Future Stock Price Finishing Over 165.26
| SNA Stock | USD 261.76 21.74 7.67% |
Closest to current price Snap long CALL Option Payoff at Expiration
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Snap On Target Price Odds to finish over 165.26
The tendency of Snap Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay above $ 165.26 in 90 days |
| 261.76 | 90 days | 165.26 | close to 99 |
Based on a normal probability distribution, the odds of Snap On to stay above $ 165.26 in 90 days from now is close to 99 (This Snap On probability density function shows the probability of Snap Stock to fall within a particular range of prices over 90 days) . Probability of Snap On price to stay between $ 165.26 and its current price of $261.76 at the end of the 90-day period is about 1.73 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.02 . This usually implies Snap On market returns are sensitive to returns on the market. As the market goes up or down, Snap On is expected to follow. Additionally Snap On has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Snap On Price Density |
| Price |
Predictive Modules for Snap On
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Snap On. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.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 Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Snap On is not an exception. The market had few large corrections towards the Snap On's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Snap On, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Snap On within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.17 | |
β | Beta against NYSE Composite | 1.02 | |
σ | Overall volatility | 10.60 | |
Ir | Information ratio | -0.09 |
Snap On Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Snap On for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Snap On can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Snap On generated a negative expected return over the last 90 days | |
| Over 89.0% of the company shares are owned by institutional investors | |
| On 11th of March 2024 Snap On paid $ 1.86 per share dividend to its current shareholders | |
| Latest headline from zacks.com: Snap-on Q1 Earnings Surpass Estimates, Sales Miss |
Snap On Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Snap Stock often depends not only on the future outlook of the current and potential Snap On's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Snap On's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 53.9 M | |
| Cash And Short Term Investments | 1 B |
Snap On Technical Analysis
Snap On's future price can be derived by breaking down and analyzing its technical indicators over time. Snap Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Snap On. In general, you should focus on analyzing Snap Stock price patterns and their correlations with different microeconomic environments and drivers.
Snap On Predictive Forecast Models
Snap On's time-series forecasting models is one of many Snap On's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Snap On's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Snap On
Checking the ongoing alerts about Snap On for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Snap On help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Snap On generated a negative expected return over the last 90 days | |
| Over 89.0% of the company shares are owned by institutional investors | |
| On 11th of March 2024 Snap On paid $ 1.86 per share dividend to its current shareholders | |
| Latest headline from zacks.com: Snap-on Q1 Earnings Surpass Estimates, Sales Miss |
Check out Snap On Backtesting, Snap On Valuation, Snap On Correlation, Snap On Hype Analysis, Snap On Volatility, Snap On History as well as Snap On Performance. For information on how to trade Snap Stock refer to our How to Trade Snap Stock guide.You can also try the Stocks Directory module to find actively traded stocks across global markets.
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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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.