Snap Price To Sales Ratio from 2010 to 2024
| SNAP Stock | USD 11.81 0.20 1.72% |
Price To Sales Ratio | First Reported 2010-12-31 | Previous Quarter 5.92683698 | Current Value 5.63 | Quarterly Volatility 206.09700265 |
Check Snap financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Snap's main balance sheet or income statement drivers, such as Tax Provision of 29.5 M, Interest Income of 176.8 M or Depreciation And Amortization of 116.9 M, as well as many indicators such as Price To Sales Ratio of 5.63, Dividend Yield of 0.0 or PTB Ratio of 17.14. Snap financial statements analysis is a perfect complement when working with Snap Valuation or Volatility modules.
Snap | Price To Sales Ratio |
Latest Snap's Price To Sales Ratio Growth Pattern
Below is the plot of the Price To Sales Ratio of Snap Inc over the last few years. Price to Sales Ratio is figured by comparing Snap Inc stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Snap sales, a figure that is much harder to manipulate than other Snap Inc multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. It is a valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period. Snap's Price To Sales Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Snap's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 3.77 X | 10 Years Trend |
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Price To Sales Ratio |
| Timeline |
Snap Price To Sales Ratio Regression Statistics
| Arithmetic Mean | 181.14 | |
| Geometric Mean | 50.58 | |
| Coefficient Of Variation | 113.78 | |
| Mean Deviation | 194.51 | |
| Median | 29.08 | |
| Standard Deviation | 206.10 | |
| Sample Variance | 42,476 | |
| Range | 421 | |
| R-Value | (0.87) | |
| Mean Square Error | 11,010 | |
| R-Squared | 0.76 | |
| Significance | 0.000023 | |
| Slope | (40.16) | |
| Total Sum of Squares | 594,664 |
Snap Price To Sales Ratio History
About Snap Financial Statements
Snap shareholders use historical fundamental indicators, such as Price To Sales Ratio, to determine how well the company is positioned to perform in the future. Although Snap investors may analyze each financial statement separately, they are all interrelated. The changes in Snap's assets and liabilities, for example, are also reflected in the revenues and expenses on on Snap's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Price To Sales Ratio | 5.93 | 5.63 |
Pair Trading with Snap
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Snap position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Snap will appreciate offsetting losses from the drop in the long position's value.Moving against Snap Stock
The ability to find closely correlated positions to Snap could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Snap when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Snap - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Snap Inc to buy it.
The correlation of Snap is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Snap moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Snap Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Snap can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Snap Stock Analysis
When running Snap's price analysis, check to measure Snap'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 Snap is operating at the current time. Most of Snap's value examination focuses on studying past and present price action to predict the probability of Snap's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Snap's price. Additionally, you may evaluate how the addition of Snap to your portfolios can decrease your overall portfolio volatility.