Sba Communications Corp Stock Price on June 16, 2023
SBAC Stock | USD 226.25 2.26 0.99% |
If you're considering investing in SBA Stock, it is important to understand the factors that can impact its price. As of today, the current price of SBA Communications stands at 226.25, as last reported on the 2nd of December, with the highest price reaching 228.88 and the lowest price hitting 226.01 during the day. SBA Communications Corp retains Efficiency (Sharpe Ratio) of -0.0113, which indicates the company had a -0.0113% return per unit of risk over the last 3 months. SBA Communications exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SBA Communications' Coefficient Of Variation of (8,825), information ratio of (0.11), and Market Risk Adjusted Performance of (0.09) to confirm the risk estimate we provide.
SBA Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
SBA |
Sharpe Ratio = -0.0113
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Estimated Market Risk
1.34 actual daily | 11 89% of assets are more volatile |
Expected Return
-0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average SBA Communications is not performing at its full potential. However, 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 SBA Communications to a well-diversified portfolio.
SBA Communications Valuation on June 16, 2023
It is possible to determine the worth of SBA Communications on a given historical date. On June 16, 2023 SBA was worth 229.34 at the beginning of the trading date compared to the closed value of 224.67. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of SBA Communications stock. Still, in general, we apply an absolute valuation method to find SBA Communications' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of SBA Communications where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against SBA Communications' related companies.
Open | High | Low | Close | Volume | |
222.95 | 229.00 | 221.45 | 227.96 | 788,865 | |
06/16/2023 | 229.34 | 231.72 | 223.84 | 224.67 | 1,018,472 |
223.97 | 224.97 | 217.91 | 218.85 | 995,637 |
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SBA Communications Trading Date Momentum on June 16, 2023
On June 20 2023 SBA Communications Corp was traded for 218.85 at the closing time. The top price for the day was 224.97 and the lowest listed price was 217.91 . The trading volume for the day was 995.6 K. The trading history from June 20, 2023 was a factor to the next trading day price decrease. The trading price change against the next closing price was 2.59% . The trading price change against the current closing price is 3.45% . |
SBA Communications Corp Fundamentals Correlations and Trends
By evaluating SBA Communications' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among SBA Communications' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. SBA financial account trend analysis is a perfect complement when working with valuation or volatility modules.About SBA Communications Stock history
SBA Communications investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for SBA is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in SBA Communications Corp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing SBA Communications stock prices may prove useful in developing a viable investing in SBA Communications
SBA Communications Corporation is a first choice provider and leading owner and operator of wireless communications infrastructure in North, Central, and South America and South Africa. The primary focus of the Company is the leasing of antenna space on its multi-tenant communication sites to a variety of wireless service providers under long-term lease contracts. SBA Communications operates under REITSpecialty classification in the United States and is traded on NASDAQ Exchange. It employs 1596 people.
SBA Communications Stock Technical Analysis
SBA Communications 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.
Price Boundaries
SBA Communications Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
SBA Communications Corp cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
SBA Communications December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how SBA Communications stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading SBA Communications shares will generate the highest return on investment. By undertsting and applying SBA Communications stock market strength indicators, traders can identify SBA Communications Corp entry and exit signals to maximize returns
SBA Communications Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for SBA Communications' price direction in advance. Along with the technical and fundamental analysis of SBA Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of SBA to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | (0) | |||
Jensen Alpha | (0.06) | |||
Total Risk Alpha | (0.25) | |||
Treynor Ratio | (0.1) |
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Complementary Tools for SBA Stock analysis
When running SBA Communications' 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 the 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.
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