Synaptics Incorporated Stock Market Value
| SYNA Stock | USD 81.69 1.63 1.96% |
| Symbol | Synaptics |
Synaptics Incorporated Price To Book Ratio
Is Synaptics Incorporated'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 Synaptics Incorporated. If investors know Synaptics 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 Synaptics Incorporated 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 (0.84) | Earnings Share (1.98) | Revenue Per Share 26.273 | Quarterly Revenue Growth (0.33) | Return On Assets (0.01) |
The market value of Synaptics Incorporated is measured differently than its book value, which is the value of Synaptics that is recorded on the company's balance sheet. Investors also form their own opinion of Synaptics Incorporated's value that differs from its market value or its book value, called intrinsic value, which is Synaptics Incorporated'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 Synaptics Incorporated's market value can be influenced by many factors that don't directly affect Synaptics Incorporated'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 Synaptics Incorporated's value and its price as these two are different measures arrived at by different means. Investors typically determine if Synaptics Incorporated is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Synaptics Incorporated'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.
Synaptics Incorporated '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 Synaptics Incorporated'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 Synaptics Incorporated.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Synaptics Incorporated on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Synaptics Incorporated or generate 0.0% return on investment in Synaptics Incorporated over 30 days. Synaptics Incorporated is related to or competes with Microchip Technology, Allegro MicrosystemsInc, Qorvo, Monolithic Power, Skyworks Solutions, Lattice Semiconductor, and NXP Semiconductors. Synaptics Incorporated develops, markets, and sells semiconductor product solutions worldwide More
Synaptics Incorporated 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 Synaptics Incorporated'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 Synaptics Incorporated upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 10.39 | |||
| Value At Risk | (3.59) | |||
| Potential Upside | 3.89 |
Synaptics Incorporated Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Synaptics Incorporated's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Synaptics Incorporated's standard deviation. In reality, there are many statistical measures that can use Synaptics Incorporated historical prices to predict the future Synaptics Incorporated's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.47) | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | (0.17) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Synaptics Incorporated'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.
Synaptics Incorporated Backtested Returns
Synaptics Incorporated owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.23, which indicates the firm had a -0.23% return per unit of risk over the last 3 months. Synaptics Incorporated exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Synaptics Incorporated's Variance of 4.96, risk adjusted performance of (0.09), and Coefficient Of Variation of (658.86) to confirm the risk estimate we provide. The entity has a beta of 2.07, 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, Synaptics Incorporated will likely underperform. Synaptics Incorporated has an expected return of -0.49%. Please make sure to validate Synaptics Incorporated skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if Synaptics Incorporated performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.83 |
Very good predictability
Synaptics Incorporated has very good predictability. Overlapping area represents the amount of predictability between Synaptics Incorporated time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 Synaptics Incorporated price movement. The serial correlation of 0.83 indicates that around 83.0% of current Synaptics Incorporated price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 18.06 |
Synaptics Incorporated lagged returns against current returns
Autocorrelation, which is Synaptics Incorporated 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 Synaptics Incorporated's stock expected returns. We can calculate the autocorrelation of Synaptics Incorporated returns to help us make a trade decision. For example, suppose you find that Synaptics Incorporated 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 |
Synaptics Incorporated 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 Synaptics Incorporated stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Synaptics Incorporated stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Synaptics Incorporated stock over time.
Current vs Lagged Prices |
| Timeline |
Synaptics Incorporated Lagged Returns
When evaluating Synaptics Incorporated's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Synaptics Incorporated stock have on its future price. Synaptics Incorporated 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, Synaptics Incorporated autocorrelation shows the relationship between Synaptics Incorporated stock current value and its past values and can show if there is a momentum factor associated with investing in Synaptics Incorporated.
Regressed Prices |
| Timeline |
Synaptics Incorporated Investors Sentiment
The influence of Synaptics Incorporated'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 Synaptics. 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 Synaptics Incorporated's public news can be used to forecast risks associated with an investment in Synaptics. The trend in average sentiment can be used to explain how an investor holding Synaptics can time the market purely based on public headlines and social activities around Synaptics Incorporated. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Synaptics Incorporated'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 Synaptics Incorporated'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 Synaptics Incorporated's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Synaptics Incorporated.
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 Synaptics Incorporated 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, Synaptics Incorporated's short interest history, or implied volatility extrapolated from Synaptics Incorporated options trading.
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When determining whether Synaptics Incorporated offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Synaptics Incorporated'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 Synaptics Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Synaptics Incorporated Stock:Check out Synaptics Incorporated Correlation, Synaptics Incorporated Volatility and Synaptics Incorporated Alpha and Beta module to complement your research on Synaptics Incorporated. For information on how to trade Synaptics Stock refer to our How to Trade Synaptics Stock guide.You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Complementary Tools for Synaptics Stock analysis
When running Synaptics Incorporated's price analysis, check to measure Synaptics Incorporated'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 Synaptics Incorporated is operating at the current time. Most of Synaptics Incorporated's value examination focuses on studying past and present price action to predict the probability of Synaptics Incorporated's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Synaptics Incorporated's price. Additionally, you may evaluate how the addition of Synaptics Incorporated to your portfolios can decrease your overall portfolio volatility.
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Synaptics Incorporated 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.