Scotts Miracle Gro Stock Market Value
| SMG Stock | USD 68.58 0.69 1.02% |
| Symbol | Scotts |
Scotts Miracle Gro Price To Book Ratio
Is Scotts Miracle'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 Scotts Miracle. If investors know Scotts 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 Scotts Miracle 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 (0.61) | Dividend Share 2.64 | Earnings Share (7.04) | Revenue Per Share 61.014 | Quarterly Revenue Growth (0.22) |
The market value of Scotts Miracle Gro is measured differently than its book value, which is the value of Scotts that is recorded on the company's balance sheet. Investors also form their own opinion of Scotts Miracle's value that differs from its market value or its book value, called intrinsic value, which is Scotts Miracle'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 Scotts Miracle's market value can be influenced by many factors that don't directly affect Scotts Miracle'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 Scotts Miracle's value and its price as these two are different measures arrived at by different means. Investors typically determine if Scotts Miracle is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Scotts Miracle'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.
Scotts Miracle '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 Scotts Miracle'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 Scotts Miracle.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Scotts Miracle on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Scotts Miracle Gro or generate 0.0% return on investment in Scotts Miracle over 30 days. Scotts Miracle is related to or competes with Corteva, CF Industries, American Vanguard, Intrepid Potash, Mosaic, FMC, and Nutrien. The Scotts Miracle-Gro Company engages in the manufacture, marketing, and sale of products for lawn, garden care, and in... More
Scotts Miracle 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 Scotts Miracle'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 Scotts Miracle Gro upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.53 | |||
| Information Ratio | 0.0754 | |||
| Maximum Drawdown | 9.8 | |||
| Value At Risk | (3.35) | |||
| Potential Upside | 3.79 |
Scotts Miracle Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Scotts Miracle's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Scotts Miracle's standard deviation. In reality, there are many statistical measures that can use Scotts Miracle historical prices to predict the future Scotts Miracle's volatility.| Risk Adjusted Performance | 0.076 | |||
| Jensen Alpha | 0.0694 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.074 | |||
| Treynor Ratio | 0.1071 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Scotts Miracle'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.
Scotts Miracle Gro Backtested Returns
Scotts Miracle appears to be very steady, given 3 months investment horizon. Scotts Miracle Gro 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. We have found twenty-nine technical indicators for Scotts Miracle Gro, which you can use to evaluate the volatility of the company. Please review Scotts Miracle's Semi Deviation of 2.39, risk adjusted performance of 0.076, and Coefficient Of Variation of 898.67 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Scotts Miracle holds a performance score of 10. The entity has a beta of 2.49, 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, Scotts Miracle will likely underperform. Please check Scotts Miracle's value at risk, as well as the relationship between the skewness and day median price , to make a quick decision on whether Scotts Miracle's existing price patterns will revert.
Auto-correlation | -0.47 |
Modest reverse predictability
Scotts Miracle Gro has modest reverse predictability. Overlapping area represents the amount of predictability between Scotts Miracle 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 Scotts Miracle Gro price movement. The serial correlation of -0.47 indicates that about 47.0% of current Scotts Miracle price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 6.93 |
Scotts Miracle Gro lagged returns against current returns
Autocorrelation, which is Scotts Miracle 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 Scotts Miracle's stock expected returns. We can calculate the autocorrelation of Scotts Miracle returns to help us make a trade decision. For example, suppose you find that Scotts Miracle 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 |
Scotts Miracle 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 Scotts Miracle stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Scotts Miracle stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Scotts Miracle stock over time.
Current vs Lagged Prices |
| Timeline |
Scotts Miracle Lagged Returns
When evaluating Scotts Miracle's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Scotts Miracle stock have on its future price. Scotts Miracle 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, Scotts Miracle autocorrelation shows the relationship between Scotts Miracle stock current value and its past values and can show if there is a momentum factor associated with investing in Scotts Miracle Gro.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Scotts Miracle Gro is a strong investment it is important to analyze Scotts Miracle'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 Scotts Miracle's future performance. For an informed investment choice regarding Scotts Stock, refer to the following important reports:Check out Scotts Miracle Correlation, Scotts Miracle Volatility and Scotts Miracle Alpha and Beta module to complement your research on Scotts Miracle. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Complementary Tools for Scotts Stock analysis
When running Scotts Miracle's price analysis, check to measure Scotts Miracle'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 Scotts Miracle is operating at the current time. Most of Scotts Miracle's value examination focuses on studying past and present price action to predict the probability of Scotts Miracle's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Scotts Miracle's price. Additionally, you may evaluate how the addition of Scotts Miracle to your portfolios can decrease your overall portfolio volatility.
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| CEOs Directory Screen CEOs from public companies around the world |
Scotts Miracle 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.