Smartrent Stock Market Value

SMRT Stock  USD 2.72  0.11  4.21%   
SmartRent's market value is the price at which a share of SmartRent trades on a public exchange. It measures the collective expectations of SmartRent investors about its performance. SmartRent is selling for under 2.72 as of the 28th of March 2024; that is 4.21 percent increase since the beginning of the trading day. The stock's last reported lowest price was 2.58.
With this module, you can estimate the performance of a buy and hold strategy of SmartRent and determine expected loss or profit from investing in SmartRent over a given investment horizon. Check out SmartRent Correlation, SmartRent Volatility and SmartRent Alpha and Beta module to complement your research on SmartRent.
For more information on how to buy SmartRent Stock please use our How to Invest in SmartRent guide.
Symbol

SmartRent Price To Book Ratio

Is SmartRent'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 SmartRent. If investors know SmartRent 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 SmartRent listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.17)
Revenue Per Share
1.18
Quarterly Revenue Growth
0.486
Return On Assets
(0.04)
Return On Equity
(0.1)
The market value of SmartRent is measured differently than its book value, which is the value of SmartRent that is recorded on the company's balance sheet. Investors also form their own opinion of SmartRent's value that differs from its market value or its book value, called intrinsic value, which is SmartRent'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 SmartRent's market value can be influenced by many factors that don't directly affect SmartRent'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 SmartRent's value and its price as these two are different measures arrived at by different means. Investors typically determine if SmartRent is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SmartRent'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.

SmartRent '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 SmartRent'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 SmartRent.
0.00
02/27/2024
No Change 0.00  0.0 
In 31 days
03/28/2024
0.00
If you would invest  0.00  in SmartRent on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding SmartRent or generate 0.0% return on investment in SmartRent over 30 days. SmartRent is related to or competes with Kingsoft Cloud, C3 Ai, Eventbrite, and Daily Journal. SmartRent, Inc., an enterprise software company, provides an integrated smart home operating system to residential prope... More

SmartRent 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 SmartRent'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 SmartRent upside and downside potential and time the market with a certain degree of confidence.

SmartRent Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for SmartRent's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SmartRent's standard deviation. In reality, there are many statistical measures that can use SmartRent historical prices to predict the future SmartRent's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SmartRent'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.
Hype
Prediction
LowEstimatedHigh
0.142.735.78
Details
Intrinsic
Valuation
LowRealHigh
0.253.306.35
Details
Naive
Forecast
LowNextHigh
0.052.625.67
Details
8 Analysts
Consensus
LowTargetHigh
4.464.905.44
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as SmartRent. Your research has to be compared to or analyzed against SmartRent's peers to derive any actionable benefits. When done correctly, SmartRent's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in SmartRent.

SmartRent Backtested Returns

SmartRent owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0707, which indicates the firm had a -0.0707% return per unit of risk over the last 3 months. SmartRent exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SmartRent's Risk Adjusted Performance of (0.04), coefficient of variation of (1,279), and Variance of 8.74 to confirm the risk estimate we provide. The entity has a beta of 2.47, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, SmartRent will likely underperform. SmartRent has an expected return of -0.22%. Please make sure to validate SmartRent maximum drawdown, as well as the relationship between the daily balance of power and relative strength index , to decide if SmartRent performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.49  

Average predictability

SmartRent has average predictability. Overlapping area represents the amount of predictability between SmartRent time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th 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 SmartRent price movement. The serial correlation of 0.49 indicates that about 49.0% of current SmartRent price fluctuation can be explain by its past prices.
Correlation Coefficient0.49
Spearman Rank Test-0.05
Residual Average0.0
Price Variance0.0

SmartRent lagged returns against current returns

Autocorrelation, which is SmartRent 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 SmartRent's stock expected returns. We can calculate the autocorrelation of SmartRent returns to help us make a trade decision. For example, suppose you find that SmartRent 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  

SmartRent 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 SmartRent stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SmartRent stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SmartRent stock over time.
   Current vs Lagged Prices   
       Timeline  

SmartRent Lagged Returns

When evaluating SmartRent's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SmartRent stock have on its future price. SmartRent 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, SmartRent autocorrelation shows the relationship between SmartRent stock current value and its past values and can show if there is a momentum factor associated with investing in SmartRent.
   Regressed Prices   
       Timeline  

Currently Active Assets on Macroaxis

When determining whether SmartRent is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if SmartRent Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Smartrent Stock. Highlighted below are key reports to facilitate an investment decision about Smartrent Stock:
Check out SmartRent Correlation, SmartRent Volatility and SmartRent Alpha and Beta module to complement your research on SmartRent.
For more information on how to buy SmartRent Stock please use our How to Invest in SmartRent guide.
You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for SmartRent Stock analysis

When running SmartRent's price analysis, check to measure SmartRent'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 SmartRent is operating at the current time. Most of SmartRent's value examination focuses on studying past and present price action to predict the probability of SmartRent's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SmartRent's price. Additionally, you may evaluate how the addition of SmartRent to your portfolios can decrease your overall portfolio volatility.
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SmartRent 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.
A focus of SmartRent technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of SmartRent trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...