Smartsheet Stock Market Value
| SMAR Stock | USD 38.36 0.07 0.18% |
| Symbol | Smartsheet |
Smartsheet Price To Book Ratio
Is Smartsheet'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 Smartsheet. If investors know Smartsheet 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 Smartsheet listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.78) | Revenue Per Share 7.125 | Quarterly Revenue Growth 0.21 | Return On Assets (0.06) | Return On Equity (0.19) |
The market value of Smartsheet is measured differently than its book value, which is the value of Smartsheet that is recorded on the company's balance sheet. Investors also form their own opinion of Smartsheet's value that differs from its market value or its book value, called intrinsic value, which is Smartsheet'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 Smartsheet's market value can be influenced by many factors that don't directly affect Smartsheet'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 Smartsheet's value and its price as these two are different measures arrived at by different means. Investors typically determine if Smartsheet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Smartsheet'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.
Smartsheet '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 Smartsheet'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 Smartsheet.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Smartsheet on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Smartsheet or generate 0.0% return on investment in Smartsheet over 30 days. Smartsheet is related to or competes with Datadog, MondayCom, HubSpot, Cadence Design, Pagerduty, Gitlab, and Dynatrace Holdings. Smartsheet Inc. provides cloud-based enterprise platform to plan, capture, manage, automate, and report on work for team... More
Smartsheet 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 Smartsheet'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 Smartsheet upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 10.44 | |||
| Value At Risk | (3.78) | |||
| Potential Upside | 3.01 |
Smartsheet Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Smartsheet's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Smartsheet's standard deviation. In reality, there are many statistical measures that can use Smartsheet historical prices to predict the future Smartsheet's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.40) | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | (0.18) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Smartsheet'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.
Smartsheet Backtested Returns
Smartsheet owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.13, which indicates the firm had a -0.13% return per unit of risk over the last 3 months. Smartsheet exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Smartsheet's Risk Adjusted Performance of (0.07), coefficient of variation of (786.00), and Variance of 4.22 to confirm the risk estimate we provide. The entity has a beta of 1.53, 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, Smartsheet will likely underperform. Smartsheet has an expected return of -0.27%. Please make sure to validate Smartsheet treynor ratio, as well as the relationship between the kurtosis and day typical price , to decide if Smartsheet performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.35 |
Below average predictability
Smartsheet has below average predictability. Overlapping area represents the amount of predictability between Smartsheet time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 Smartsheet price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Smartsheet price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.78 |
Smartsheet lagged returns against current returns
Autocorrelation, which is Smartsheet 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 Smartsheet's stock expected returns. We can calculate the autocorrelation of Smartsheet returns to help us make a trade decision. For example, suppose you find that Smartsheet 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 |
Smartsheet 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 Smartsheet stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Smartsheet stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Smartsheet stock over time.
Current vs Lagged Prices |
| Timeline |
Smartsheet Lagged Returns
When evaluating Smartsheet's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Smartsheet stock have on its future price. Smartsheet 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, Smartsheet autocorrelation shows the relationship between Smartsheet stock current value and its past values and can show if there is a momentum factor associated with investing in Smartsheet.
Regressed Prices |
| Timeline |
Smartsheet Investors Sentiment
The influence of Smartsheet'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 Smartsheet. 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 Smartsheet's public news can be used to forecast risks associated with an investment in Smartsheet. The trend in average sentiment can be used to explain how an investor holding Smartsheet can time the market purely based on public headlines and social activities around Smartsheet. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Smartsheet'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 Smartsheet'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 Smartsheet's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Smartsheet.
Smartsheet Implied Volatility | 40.08 |
Smartsheet's implied volatility exposes the market's sentiment of Smartsheet stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Smartsheet's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Smartsheet stock will not fluctuate a lot when Smartsheet's options are near their expiration.
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 Smartsheet 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, Smartsheet's short interest history, or implied volatility extrapolated from Smartsheet options trading.
Currently Active Assets on Macroaxis
When determining whether Smartsheet is a strong investment it is important to analyze Smartsheet'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 Smartsheet's future performance. For an informed investment choice regarding Smartsheet Stock, refer to the following important reports:Check out Smartsheet Correlation, Smartsheet Volatility and Smartsheet Alpha and Beta module to complement your research on Smartsheet. To learn how to invest in Smartsheet Stock, please use our How to Invest in Smartsheet guide.Note that the Smartsheet information on this page should be used as a complementary analysis to other Smartsheet's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Complementary Tools for Smartsheet Stock analysis
When running Smartsheet's price analysis, check to measure Smartsheet'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 Smartsheet is operating at the current time. Most of Smartsheet's value examination focuses on studying past and present price action to predict the probability of Smartsheet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Smartsheet's price. Additionally, you may evaluate how the addition of Smartsheet to your portfolios can decrease your overall portfolio volatility.
| Transaction History View history of all your transactions and understand their impact on performance | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| AI Investment Finder Use AI to screen and filter profitable investment opportunities | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| 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 | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules |
Smartsheet 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.