Smart Global Holdings Stock Market Value
| SGH Stock | USD 22.54 0.19 0.85% |
| Symbol | Smart |
Smart Global Holdings Price To Book Ratio
Is Semiconductors & Semiconductor Equipment space 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 Smart Global. If investors know Smart 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 Smart Global 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 (0.73) | Earnings Share 0.42 | Revenue Per Share 23.891 | Quarterly Revenue Growth (0.27) | Return On Assets 0.0178 |
The market value of Smart Global Holdings is measured differently than its book value, which is the value of Smart that is recorded on the company's balance sheet. Investors also form their own opinion of Smart Global's value that differs from its market value or its book value, called intrinsic value, which is Smart Global'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 Smart Global's market value can be influenced by many factors that don't directly affect Smart Global'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 Smart Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Smart Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Smart Global'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.
Smart Global '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 Smart Global'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 Smart Global.
| 05/16/2024 |
| 06/15/2024 |
If you would invest 0.00 in Smart Global on May 16, 2024 and sell it all today you would earn a total of 0.00 from holding Smart Global Holdings or generate 0.0% return on investment in Smart Global over 30 days. Smart Global is related to or competes with Sunrun, Sunnova Energy, and JinkoSolar Holding. SMART Global Holdings, Inc. designs and manufactures specialty solutions for the computing, memory, and LED markets in t... More
Smart Global 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 Smart Global'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 Smart Global Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.93 | |||
| Information Ratio | 0.0063 | |||
| Maximum Drawdown | 32.15 | |||
| Value At Risk | (4.01) | |||
| Potential Upside | 4.18 |
Smart Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Smart Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Smart Global's standard deviation. In reality, there are many statistical measures that can use Smart Global historical prices to predict the future Smart Global's volatility.| Risk Adjusted Performance | 0.0119 | |||
| Jensen Alpha | 0.0416 | |||
| Total Risk Alpha | 0.0883 | |||
| Sortino Ratio | 0.0049 | |||
| Treynor Ratio | 0.0049 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Smart Global'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.
Smart Global Holdings Backtested Returns
We consider Smart Global not too volatile. Smart Global Holdings owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.017, which indicates the firm had a 0.017% return per unit of risk over the last 3 months. We have found thirty technical indicators for Smart Global Holdings, which you can use to evaluate the volatility of the company. Please validate Smart Global's Risk Adjusted Performance of 0.0119, coefficient of variation of 17589.57, and Semi Deviation of 4.84 to confirm if the risk estimate we provide is consistent with the expected return of 0.0657%. Smart Global has a performance score of 1 on a scale of 0 to 100. The entity has a beta of 2.4, 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, Smart Global will likely underperform. Smart Global Holdings right now has a risk of 3.87%. Please validate Smart Global downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to decide if Smart Global will be following its existing price patterns.
Auto-correlation | 0.47 |
Average predictability
Smart Global Holdings has average predictability. Overlapping area represents the amount of predictability between Smart Global time series from 16th of May 2024 to 31st of May 2024 and 31st of May 2024 to 15th of June 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 Smart Global Holdings price movement. The serial correlation of 0.47 indicates that about 47.0% of current Smart Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.48 |
Smart Global Holdings lagged returns against current returns
Autocorrelation, which is Smart Global 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 Smart Global's stock expected returns. We can calculate the autocorrelation of Smart Global returns to help us make a trade decision. For example, suppose you find that Smart Global 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 |
Smart Global 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 Smart Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Smart Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Smart Global stock over time.
Current vs Lagged Prices |
| Timeline |
Smart Global Lagged Returns
When evaluating Smart Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Smart Global stock have on its future price. Smart Global 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, Smart Global autocorrelation shows the relationship between Smart Global stock current value and its past values and can show if there is a momentum factor associated with investing in Smart Global Holdings.
Regressed Prices |
| Timeline |
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Additional Information and Resources on Investing in Smart Stock
When determining whether Smart Global Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Smart Global'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 Smart Global Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Smart Global Holdings Stock:Check out Smart Global Correlation, Smart Global Volatility and Smart Global Alpha and Beta module to complement your research on Smart Global. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Smart Global 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.