Siteone Landscape Supply Stock Market Value
| SITE Stock | USD 157.00 1.06 0.68% |
| Symbol | SiteOne |
SiteOne Landscape Supply Price To Book Ratio
Is SiteOne Landscape'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 SiteOne Landscape. If investors know SiteOne 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 SiteOne Landscape 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 (0.22) | Earnings Share 3.8 | Revenue Per Share 95.343 | Quarterly Revenue Growth 0.084 | Return On Assets 0.0599 |
The market value of SiteOne Landscape Supply is measured differently than its book value, which is the value of SiteOne that is recorded on the company's balance sheet. Investors also form their own opinion of SiteOne Landscape's value that differs from its market value or its book value, called intrinsic value, which is SiteOne Landscape'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 SiteOne Landscape's market value can be influenced by many factors that don't directly affect SiteOne Landscape'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 SiteOne Landscape's value and its price as these two are different measures arrived at by different means. Investors typically determine if SiteOne Landscape is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SiteOne Landscape'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.
SiteOne Landscape '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 SiteOne Landscape'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 SiteOne Landscape.
| 05/04/2022 |
| 04/23/2024 |
If you would invest 0.00 in SiteOne Landscape on May 4, 2022 and sell it all today you would earn a total of 0.00 from holding SiteOne Landscape Supply or generate 0.0% return on investment in SiteOne Landscape over 720 days. SiteOne Landscape is related to or competes with DXP Enterprises, Applied Industrial, Ferguson Plc, Global Industrial, MSC Industrial, Core Main, and WW Grainger. SiteOne Landscape Supply, Inc. engages in the wholesale distribution of landscape supplies in the United States and Cana... More
SiteOne Landscape 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 SiteOne Landscape'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 SiteOne Landscape Supply upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.57 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 13.42 | |||
| Value At Risk | (4.80) | |||
| Potential Upside | 3.24 |
SiteOne Landscape Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SiteOne Landscape's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SiteOne Landscape's standard deviation. In reality, there are many statistical measures that can use SiteOne Landscape historical prices to predict the future SiteOne Landscape's volatility.| Risk Adjusted Performance | 0.0117 | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0025 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SiteOne Landscape'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.
SiteOne Landscape Supply Backtested Returns
We consider SiteOne Landscape very steady. SiteOne Landscape Supply owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0239, which indicates the firm had a 0.0239% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for SiteOne Landscape Supply, which you can use to evaluate the volatility of the company. Please validate SiteOne Landscape's Risk Adjusted Performance of 0.0117, semi deviation of 2.53, and Coefficient Of Variation of 14814.16 to confirm if the risk estimate we provide is consistent with the expected return of 0.0599%. SiteOne Landscape has a performance score of 1 on a scale of 0 to 100. The entity has a beta of 2.73, 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, SiteOne Landscape will likely underperform. SiteOne Landscape Supply right now has a risk of 2.5%. Please validate SiteOne Landscape downside variance, as well as the relationship between the accumulation distribution and market facilitation index , to decide if SiteOne Landscape will be following its existing price patterns.
Auto-correlation | 0.26 |
Poor predictability
SiteOne Landscape Supply has poor predictability. Overlapping area represents the amount of predictability between SiteOne Landscape time series from 4th of May 2022 to 29th of April 2023 and 29th of April 2023 to 23rd 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 SiteOne Landscape Supply price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current SiteOne Landscape price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 156.48 |
SiteOne Landscape Supply lagged returns against current returns
Autocorrelation, which is SiteOne Landscape 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 SiteOne Landscape's stock expected returns. We can calculate the autocorrelation of SiteOne Landscape returns to help us make a trade decision. For example, suppose you find that SiteOne Landscape 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 |
SiteOne Landscape 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 SiteOne Landscape stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SiteOne Landscape stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SiteOne Landscape stock over time.
Current vs Lagged Prices |
| Timeline |
SiteOne Landscape Lagged Returns
When evaluating SiteOne Landscape's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SiteOne Landscape stock have on its future price. SiteOne Landscape 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, SiteOne Landscape autocorrelation shows the relationship between SiteOne Landscape stock current value and its past values and can show if there is a momentum factor associated with investing in SiteOne Landscape Supply.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether SiteOne Landscape Supply is a strong investment it is important to analyze SiteOne Landscape'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 SiteOne Landscape's future performance. For an informed investment choice regarding SiteOne Stock, refer to the following important reports:Check out SiteOne Landscape Correlation, SiteOne Landscape Volatility and SiteOne Landscape Alpha and Beta module to complement your research on SiteOne Landscape. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Complementary Tools for SiteOne Stock analysis
When running SiteOne Landscape's price analysis, check to measure SiteOne Landscape'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 SiteOne Landscape is operating at the current time. Most of SiteOne Landscape's value examination focuses on studying past and present price action to predict the probability of SiteOne Landscape's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SiteOne Landscape's price. Additionally, you may evaluate how the addition of SiteOne Landscape to your portfolios can decrease your overall portfolio volatility.
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SiteOne Landscape 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.