Signet Jewelers Stock Market Value
| SIG Stock | USD 93.98 2.48 2.57% |
| Symbol | Signet |
Signet Jewelers Price To Book Ratio
Is Signet Jewelers' 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 Signet Jewelers. If investors know Signet 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 Signet Jewelers 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 1.138 | Dividend Share 0.92 | Earnings Share 15.01 | Revenue Per Share 159.713 | Quarterly Revenue Growth (0.06) |
The market value of Signet Jewelers is measured differently than its book value, which is the value of Signet that is recorded on the company's balance sheet. Investors also form their own opinion of Signet Jewelers' value that differs from its market value or its book value, called intrinsic value, which is Signet Jewelers' 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 Signet Jewelers' market value can be influenced by many factors that don't directly affect Signet Jewelers' 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 Signet Jewelers' value and its price as these two are different measures arrived at by different means. Investors typically determine if Signet Jewelers is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Signet Jewelers' 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.
Signet Jewelers '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 Signet Jewelers' 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 Signet Jewelers.
| 05/24/2023 |
| 04/18/2024 |
If you would invest 0.00 in Signet Jewelers on May 24, 2023 and sell it all today you would earn a total of 0.00 from holding Signet Jewelers or generate 0.0% return on investment in Signet Jewelers over 330 days. Signet Jewelers is related to or competes with Movado, Tapestry, Capri Holdings, Lanvin Group, Fossil, and Charles Colvard. Signet Jewelers Limited operates as a diamond jewelry retailer More
Signet Jewelers 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 Signet Jewelers' 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 Signet Jewelers upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.89 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 15.08 | |||
| Value At Risk | (3.69) | |||
| Potential Upside | 3.0 |
Signet Jewelers Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Signet Jewelers' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Signet Jewelers' standard deviation. In reality, there are many statistical measures that can use Signet Jewelers historical prices to predict the future Signet Jewelers' volatility.| Risk Adjusted Performance | 0.0186 | |||
| Jensen Alpha | 0.0017 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.0476 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Signet Jewelers' 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.
Signet Jewelers Backtested Returns
Signet Jewelers owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.015, which indicates the firm had a -0.015% return per unit of risk over the last 3 months. Signet Jewelers exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Signet Jewelers' Semi Deviation of 2.79, risk adjusted performance of 0.0186, and Coefficient Of Variation of 5790.63 to confirm the risk estimate we provide. The entity has a beta of 0.78, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Signet Jewelers' returns are expected to increase less than the market. However, during the bear market, the loss of holding Signet Jewelers is expected to be smaller as well. Signet Jewelers has an expected return of -0.042%. Please make sure to validate Signet Jewelers total risk alpha, expected short fall, price action indicator, as well as the relationship between the value at risk and daily balance of power , to decide if Signet Jewelers performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.60 |
Good predictability
Signet Jewelers has good predictability. Overlapping area represents the amount of predictability between Signet Jewelers time series from 24th of May 2023 to 5th of November 2023 and 5th of November 2023 to 18th 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 Signet Jewelers price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Signet Jewelers price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 87.16 |
Signet Jewelers lagged returns against current returns
Autocorrelation, which is Signet Jewelers 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 Signet Jewelers' stock expected returns. We can calculate the autocorrelation of Signet Jewelers returns to help us make a trade decision. For example, suppose you find that Signet Jewelers 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 |
Signet Jewelers 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 Signet Jewelers stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Signet Jewelers stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Signet Jewelers stock over time.
Current vs Lagged Prices |
| Timeline |
Signet Jewelers Lagged Returns
When evaluating Signet Jewelers' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Signet Jewelers stock have on its future price. Signet Jewelers 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, Signet Jewelers autocorrelation shows the relationship between Signet Jewelers stock current value and its past values and can show if there is a momentum factor associated with investing in Signet Jewelers.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Signet Jewelers is a strong investment it is important to analyze Signet Jewelers' 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 Signet Jewelers' future performance. For an informed investment choice regarding Signet Stock, refer to the following important reports:Check out Signet Jewelers Correlation, Signet Jewelers Volatility and Signet Jewelers Alpha and Beta module to complement your research on Signet Jewelers. For more detail on how to invest in Signet Stock please use our How to Invest in Signet Jewelers guide.You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Complementary Tools for Signet Stock analysis
When running Signet Jewelers' price analysis, check to measure Signet Jewelers' 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 Signet Jewelers is operating at the current time. Most of Signet Jewelers' value examination focuses on studying past and present price action to predict the probability of Signet Jewelers' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Signet Jewelers' price. Additionally, you may evaluate how the addition of Signet Jewelers to your portfolios can decrease your overall portfolio volatility.
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation |
Signet Jewelers 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.