Simpson Manufacturing Stock Market Value
| SSD Stock | USD 169.62 0.39 0.23% |
| Symbol | Simpson |
Simpson Manufacturing Price To Book Ratio
Is Simpson Manufacturing'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 Simpson Manufacturing. If investors know Simpson 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 Simpson Manufacturing 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 (0.14) | Dividend Share 1.08 | Earnings Share 8.26 | Revenue Per Share 51.948 | Quarterly Revenue Growth (0.01) |
The market value of Simpson Manufacturing is measured differently than its book value, which is the value of Simpson that is recorded on the company's balance sheet. Investors also form their own opinion of Simpson Manufacturing's value that differs from its market value or its book value, called intrinsic value, which is Simpson Manufacturing'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 Simpson Manufacturing's market value can be influenced by many factors that don't directly affect Simpson Manufacturing'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 Simpson Manufacturing's value and its price as these two are different measures arrived at by different means. Investors typically determine if Simpson Manufacturing is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Simpson Manufacturing'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.
Simpson Manufacturing '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 Simpson Manufacturing'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 Simpson Manufacturing.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Simpson Manufacturing on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Simpson Manufacturing or generate 0.0% return on investment in Simpson Manufacturing over 30 days. Simpson Manufacturing is related to or competes with West Fraser, Enviva Partners, Interfor, Canfor, Svenska Cellulosa, Western Forest, and Stella Jones. Simpson Manufacturing Co., Inc., through its subsidiaries, designs, engineers, manufactures, and sells wood and concrete... More
Simpson Manufacturing 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 Simpson Manufacturing'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 Simpson Manufacturing upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 8.75 | |||
| Value At Risk | (3.93) | |||
| Potential Upside | 2.66 |
Simpson Manufacturing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Simpson Manufacturing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Simpson Manufacturing's standard deviation. In reality, there are many statistical measures that can use Simpson Manufacturing historical prices to predict the future Simpson Manufacturing's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.39) | |||
| 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 Simpson Manufacturing'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.
Simpson Manufacturing Backtested Returns
Simpson Manufacturing owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0414, which indicates the firm had a -0.0414% return per unit of risk over the last 3 months. Simpson Manufacturing exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Simpson Manufacturing's Risk Adjusted Performance of (0.02), coefficient of variation of (2,476), and Variance of 4.68 to confirm the risk estimate we provide. The entity has a beta of 1.61, 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, Simpson Manufacturing will likely underperform. Simpson Manufacturing has an expected return of -0.0905%. Please make sure to validate Simpson Manufacturing skewness, as well as the relationship between the day median price and relative strength index , to decide if Simpson Manufacturing performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.72 |
Good predictability
Simpson Manufacturing has good predictability. Overlapping area represents the amount of predictability between Simpson Manufacturing 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 Simpson Manufacturing price movement. The serial correlation of 0.72 indicates that around 72.0% of current Simpson Manufacturing price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 33.6 |
Simpson Manufacturing lagged returns against current returns
Autocorrelation, which is Simpson Manufacturing 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 Simpson Manufacturing's stock expected returns. We can calculate the autocorrelation of Simpson Manufacturing returns to help us make a trade decision. For example, suppose you find that Simpson Manufacturing 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 |
Simpson Manufacturing 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 Simpson Manufacturing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Simpson Manufacturing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Simpson Manufacturing stock over time.
Current vs Lagged Prices |
| Timeline |
Simpson Manufacturing Lagged Returns
When evaluating Simpson Manufacturing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Simpson Manufacturing stock have on its future price. Simpson Manufacturing 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, Simpson Manufacturing autocorrelation shows the relationship between Simpson Manufacturing stock current value and its past values and can show if there is a momentum factor associated with investing in Simpson Manufacturing.
Regressed Prices |
| Timeline |
Simpson Manufacturing Investors Sentiment
The influence of Simpson Manufacturing's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Simpson. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Simpson Manufacturing's public news can be used to forecast risks associated with an investment in Simpson. The trend in average sentiment can be used to explain how an investor holding Simpson can time the market purely based on public headlines and social activities around Simpson Manufacturing. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Simpson Manufacturing's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Simpson Manufacturing's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Simpson Manufacturing's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Simpson Manufacturing.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Simpson Manufacturing in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Simpson Manufacturing's short interest history, or implied volatility extrapolated from Simpson Manufacturing options trading.
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When determining whether Simpson Manufacturing is a strong investment it is important to analyze Simpson Manufacturing's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Simpson Manufacturing's future performance. For an informed investment choice regarding Simpson Stock, refer to the following important reports:Check out Simpson Manufacturing Correlation, Simpson Manufacturing Volatility and Simpson Manufacturing Alpha and Beta module to complement your research on Simpson Manufacturing. For information on how to trade Simpson Stock refer to our How to Trade Simpson Stock guide.You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Complementary Tools for Simpson Stock analysis
When running Simpson Manufacturing's price analysis, check to measure Simpson Manufacturing'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 Simpson Manufacturing is operating at the current time. Most of Simpson Manufacturing's value examination focuses on studying past and present price action to predict the probability of Simpson Manufacturing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Simpson Manufacturing's price. Additionally, you may evaluate how the addition of Simpson Manufacturing to your portfolios can decrease your overall portfolio volatility.
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Simpson Manufacturing 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.