Sp Plus Corp Stock Market Value
| SP Stock | USD 51.10 0.32 0.63% |
| Symbol | SP Plus |
SP Plus Corp Price To Book Ratio
Is SP Plus' 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 SP Plus. If investors know SP Plus 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 SP Plus 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 (0.74) | Earnings Share 1.57 | Revenue Per Share 44.899 | Quarterly Revenue Growth 0.052 | Return On Assets 0.0505 |
The market value of SP Plus Corp is measured differently than its book value, which is the value of SP Plus that is recorded on the company's balance sheet. Investors also form their own opinion of SP Plus' value that differs from its market value or its book value, called intrinsic value, which is SP Plus' 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 SP Plus' market value can be influenced by many factors that don't directly affect SP Plus' 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 SP Plus' value and its price as these two are different measures arrived at by different means. Investors typically determine if SP Plus is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SP Plus' 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.
SP Plus '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 SP Plus' 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 SP Plus.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in SP Plus on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding SP Plus Corp or generate 0.0% return on investment in SP Plus over 30 days. SP Plus is related to or competes with Cass Information, First Advantage, Rentokil Initial, CBIZ, Civeo Corp, Maximus, and Network 1. SP Plus Corporation provides mobility solutions, parking management, ground transportation, baggage, and other ancillary... More
SP Plus 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 SP Plus' 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 SP Plus Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 1.91 | |||
| Value At Risk | (0.76) | |||
| Potential Upside | 0.6809 |
SP Plus Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SP Plus' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SP Plus' standard deviation. In reality, there are many statistical measures that can use SP Plus historical prices to predict the future SP Plus' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (0.19) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SP Plus' 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.
SP Plus Corp Backtested Returns
SP Plus Corp retains Efficiency (Sharpe Ratio) of -0.0566, which indicates the firm had a -0.0566% return per unit of price deviation over the last 3 months. SP Plus exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SP Plus' Standard Deviation of 0.3971, mean deviation of 0.2784, and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 0.14, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SP Plus' returns are expected to increase less than the market. However, during the bear market, the loss of holding SP Plus is expected to be smaller as well. SP Plus Corp has an expected return of -0.0224%. Please make sure to validate SP Plus Corp total risk alpha, as well as the relationship between the kurtosis and market facilitation index , to decide if SP Plus Corp performance from the past will be repeated at some future date.
Auto-correlation | 0.35 |
Below average predictability
SP Plus Corp has below average predictability. Overlapping area represents the amount of predictability between SP Plus 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 SP Plus Corp price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current SP Plus price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.33 |
SP Plus Corp lagged returns against current returns
Autocorrelation, which is SP Plus 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 SP Plus' stock expected returns. We can calculate the autocorrelation of SP Plus returns to help us make a trade decision. For example, suppose you find that SP Plus 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 |
SP Plus 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 SP Plus stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SP Plus stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SP Plus stock over time.
Current vs Lagged Prices |
| Timeline |
SP Plus Lagged Returns
When evaluating SP Plus' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SP Plus stock have on its future price. SP Plus 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, SP Plus autocorrelation shows the relationship between SP Plus stock current value and its past values and can show if there is a momentum factor associated with investing in SP Plus Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether SP Plus Corp 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 SP Plus 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 Sp Plus Corp Stock. Highlighted below are key reports to facilitate an investment decision about Sp Plus Corp Stock:Check out SP Plus Correlation, SP Plus Volatility and SP Plus Alpha and Beta module to complement your research on SP Plus. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Complementary Tools for SP Plus Stock analysis
When running SP Plus' price analysis, check to measure SP Plus' 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 SP Plus is operating at the current time. Most of SP Plus' value examination focuses on studying past and present price action to predict the probability of SP Plus' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SP Plus' price. Additionally, you may evaluate how the addition of SP Plus to your portfolios can decrease your overall portfolio volatility.
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SP Plus 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.