Smartrent Stock Beta

SMRT Stock  USD 2.37  0.05  2.16%   
SmartRent fundamentals help investors to digest information that contributes to SmartRent's financial success or failures. It also enables traders to predict the movement of SmartRent Stock. The fundamental analysis module provides a way to measure SmartRent's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to SmartRent stock.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

SmartRent Company Beta Analysis

SmartRent's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

Beta

 = 

Covariance

Variance

More About Beta | All Equity Analysis

Current SmartRent Beta

    
  2.0  
Most of SmartRent's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, SmartRent is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

SmartRent Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for SmartRent is extremely important. It helps to project a fair market value of SmartRent Stock properly, considering its historical fundamentals such as Beta. Since SmartRent's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of SmartRent's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of SmartRent's interrelated accounts and indicators.
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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Competition

In accordance with the recently published financial statements, SmartRent has a Beta of 1.998. This is 88.49% higher than that of the Software sector and significantly higher than that of the Information Technology industry. The beta for all United States stocks is notably lower than that of the firm.

SmartRent Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses SmartRent's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of SmartRent could also be used in its relative valuation, which is a method of valuing SmartRent by comparing valuation metrics of similar companies.
SmartRent is currently under evaluation in beta category among related companies.

SmartRent Institutional Holders

Institutional Holdings refers to the ownership stake in SmartRent that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of SmartRent's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing SmartRent's value.
Shares
Blue Door Asset Management, Llc2023-12-31
3.1 M
Land & Buildings Investment Mgmt, Llc2023-12-31
3.1 M
Starwood Capital Grp Mgt, L.l.c.2023-12-31
M
Kim, Llc2023-12-31
2.7 M
Bamco Inc2023-12-31
1.9 M
Dimensional Fund Advisors, Inc.2023-12-31
1.9 M
Northern Trust Corp2023-12-31
1.7 M
Charles Schwab Investment Management Inc2023-12-31
1.4 M
Beaconlight Capital, Llc2023-12-31
1.4 M
Vanguard Group Inc2023-12-31
19.9 M
Blackrock Inc2023-12-31
14.9 M
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, SmartRent will likely underperform.

SmartRent Fundamentals

About SmartRent Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze SmartRent's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of SmartRent using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of SmartRent based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

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 Piotroski F Score and SmartRent Altman Z Score analysis.
For more information on how to buy SmartRent Stock please use our How to Invest in SmartRent guide.
You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

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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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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.