SBA Communications Stock Performance

SBAC Stock  USD 254.84  2.37  0.92%   
The firm owns a Beta (Systematic Risk) of 1.1155, which indicates a somewhat significant risk relative to the market. Let's try to break down what SBA Communications's beta means in this case. SBA Communications returns are very sensitive to returns on the market. As the market goes up or down, SBA Communications is expected to follow. Even though it is essential to pay attention to SBA Communications Corp existing price patterns, it is always good to be careful when utilizing equity price patterns. Our approach towards measuring any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. SBA Communications exposes twenty-one different technical indicators, which can help you to evaluate its performance. SBA Communications Corp has an expected return of -0.13%. Please be advised to validate SBA Communications Corp information ratio, value at risk, and the relationship between the standard deviation and treynor ratio to decide if SBA Communications Corp performance from the past will be repeated in the future.

SBA Communications Performance

0 of 100

Over the last 90 days SBA Communications Corp has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest inconsistent performance, the Stock's basic indicators remain sound and the latest tumult on Wall Street may also be a sign of longer-term gains for the firm shareholders. ...more

Structure and Payout Changes

Forward Dividend Yield
Payout Ratio
Forward Dividend Rate
Dividend Date
Ex Dividend Date
Begin Period Cash Flow435.6 M
Total Cashflows From Investing Activities-1.4 B

SBA Communications Relative Risk vs. Return Landscape

If you would invest  27,914  in SBA Communications Corp on December 22, 2022 and sell it today you would lose (2,430)  from holding SBA Communications Corp or give up 8.71% of portfolio value over 90 days. SBA Communications Corp is currently does not generate positive expected returns and assumes 2.0202% risk (volatility on return distribution) over the 90 days horizon. In different words, 17% of stocks are less volatile than SBA Communications, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
  Daily Expected Return (%)  
       Risk (%)  
Given the investment horizon of 90 days SBA Communications is expected to under-perform the market. In addition to that, the company is 2.14 times more volatile than its market benchmark. It trades about -0.07 of its total potential returns per unit of risk. The NYSE Composite is currently generating roughly -0.01 per unit of volatility.

SBA Communications Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for SBA Communications' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as SBA Communications Corp, and traders can use it to determine the average amount a SBA Communications' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = -0.0651

Best PortfolioBest Equity
Good Returns
Average Returns
Small Returns
CashSmall RiskAverage RiskHigh RiskHuge Risk
Negative ReturnsSBAC

Estimated Market Risk

  actual daily
83% of assets are more volatile

Expected Return

  actual daily
Most of other assets have higher returns

Risk-Adjusted Return

  actual daily
Most of other assets perform better
Based on monthly moving average SBA Communications is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of SBA Communications by adding it to a well-diversified portfolio.

SBA Communications Fundamentals Growth

SBA Communications Stock prices reflect investors' perceptions of the future prospects and financial health of SBA Communications, and SBA Communications fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on SBA Communications Stock performance.

About SBA Communications Performance

To evaluate SBA Communications Corp Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when SBA Communications generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare SBA Communications Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand SBA Communications Corp market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents SBA Communications's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2023
Effect of Exchange Rate Changes on Cash-2.9 M-3 M
Return on Investment 12.67  13.67 
Return on Average Assets 0.045  0.0486 
Return on Average Equity(0.09) (0.09) 
Return on Invested Capital 0.045  0.0408 
Return on Sales 0.35  0.31 

Things to note about SBA Communications Corp performance evaluation

Checking the ongoing alerts about SBA Communications for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for SBA Communications Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
SBA Communications generated a negative expected return over the last 90 days
The company currently holds 12.84 B in liabilities with Debt to Equity (D/E) ratio of 16.46, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. SBA Communications Corp has a current ratio of 0.37, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist SBA Communications until it has trouble settling it off, either with new capital or with free cash flow. So, SBA Communications' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like SBA Communications Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for SBA Communications to invest in growth at high rates of return. When we think about SBA Communications' use of debt, we should always consider it together with cash and equity.
SBA Communications has a very strong financial position based on the latest SEC filings
Over 98.0% of SBA Communications shares are owned by institutional investors
Latest headline from What is the Markets View on SBA Communications Corp Stocks Price and Volume Trends Friday - InvestorsObserver
Evaluating SBA Communications' performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate SBA Communications' stock performance include:
  • Analyzing SBA Communications' financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
  • Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether SBA Communications' stock is overvalued or undervalued compared to its peers.
  • Examining SBA Communications' industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
  • Evaluating SBA Communications' management team can have a significant impact on its success or failure. Reviewing the track record and experience of SBA Communications' management team can help you assess the company's leadership.
  • Pay attention to analyst opinions and ratings of SBA Communications' stock. These opinions can provide insight into SBA Communications' potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating SBA Communications' stock performance is not an exact science, and many factors can impact SBA Communications' stock market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.
Additionally, take a look at World Market Map. Note that the SBA Communications Corp information on this page should be used as a complementary analysis to other SBA Communications' 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 Commodity Channel Index module to use Commodity Channel Index to analyze current equity momentum.

Complementary Tools for SBA Communications Stock analysis

When running SBA Communications Corp price analysis, check to measure SBA Communications' 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 SBA Communications is operating at the current time. Most of SBA Communications' value examination focuses on studying past and present price action to predict the probability of SBA Communications' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move SBA Communications' price. Additionally, you may evaluate how the addition of SBA Communications to your portfolios can decrease your overall portfolio volatility.
Portfolio Volatility
Check portfolio volatility and analyze historical return density to properly model market risk
Equity Valuation
Check real value of public entities based on technical and fundamental data
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
Equity Valuation
Check real value of public entities based on technical and fundamental data
Technical Analysis
Check basic technical indicators and analysis based on most latest market data
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
Transaction History
View history of all your transactions and understand their impact on performance
Portfolio Diagnostics
Use generated alerts and portfolio events aggregator to diagnose current holdings
Portfolio Manager
State of the art Portfolio Manager to monitor and improve performance of your invested capital
Balance Of Power
Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
Fund Screener
Find actively-traded funds from around the world traded on over 30 global exchanges
Is SBA Communications' 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 SBA Communications. If investors know SBA Communications 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 SBA Communications 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
Dividend Share
Earnings Share
Revenue Per Share
Quarterly Revenue Growth
The market value of SBA Communications Corp is measured differently than its book value, which is the value of SBA Communications that is recorded on the company's balance sheet. Investors also form their own opinion of SBA Communications' value that differs from its market value or its book value, called intrinsic value, which is SBA Communications' 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 SBA Communications' market value can be influenced by many factors that don't directly affect SBA Communications' 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 SBA Communications' value and its price as these two are different measures arrived at by different means. Investors typically determine SBA Communications value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SBA Communications' 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.