Snap On Stock Market Value
| SNA Stock | USD 273.59 2.25 0.83% |
| 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 0.067 | Dividend Share 6.96 | Earnings Share 19.08 | Revenue Per Share 96.811 | Quarterly Revenue Growth 0.005 |
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.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Snap On on March 26, 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 Lincoln Electric, Timken, RBC Bearings, Kennametal, Toro, Techtronic Industries, and RBC Bearings. 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.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 10.8 | |||
| Value At Risk | (1.49) | |||
| Potential Upside | 2.23 |
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 | (0.01) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | (0.06) |
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
Snap On owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.033, which indicates the firm had a -0.033% return per unit of risk over the last 3 months. Snap On exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Snap On's Variance of 3.39, risk adjusted performance of (0.01), and Coefficient Of Variation of (3,259) to confirm the risk estimate we provide. The entity has a beta of 1.03, 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 has an expected return of -0.0625%. Please make sure to validate Snap On potential upside, and the relationship between the total risk alpha and daily balance of power , to decide if Snap On performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.29 |
Poor predictability
Snap On has poor predictability. Overlapping area represents the amount of predictability between Snap On 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 Snap On price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Snap On price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 101.57 |
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 |
Currently Active Assets on Macroaxis
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 USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
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.