Snap Inc Stock Beta

SNAP Stock

USD 11.61 0.01 0.09%

Snap Inc fundamentals help investors to digest information that contributes to Snap's financial success or failures. It also enables traders to predict the movement of Snap Stock. The fundamental analysis module provides a way to measure Snap's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Snap stock.

Short Long Term Debt Total Total Assets

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Snap Inc Company Beta Analysis

Snap's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

Beta

Covariance

Variance

More About Beta | All Equity Analysis

Current Snap Beta

1.0

Most of Snap's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Snap Inc is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Snap Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for Snap is extremely important. It helps to project a fair market value of Snap Stock properly, considering its historical fundamentals such as Beta. Since Snap's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Snap's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Snap's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Tangible Assets	Net Debt	Retained Earnings	Accounts Payable	Long Term Debt	Net Receivables	Good Will	Long Term Debt Total	Capital Surpluse	Total Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Short Term Investments	Net Invested Capital	Net Working Capital	Capital Stock	Current Deferred Revenue
Total Assets		0.85	0.43	0.87	-0.93	0.83	0.89	0.99	1.0	0.86	0.97	0.91	0.9	0.86	1.0	0.96	0.87	0.91	0.81	0.9	0.91	0.9	0.88	0.39
Total Stockholder Equity	0.85		0.84	0.61	-0.83	0.64	0.65	0.79	0.85	0.6	0.87	0.66	0.89	0.82	0.85	0.78	0.94	0.93	0.86	0.78	0.63	0.62	0.7	0.29
Net Tangible Assets	0.43	0.84		0.2	-0.49	0.29	0.21	0.35	0.43	0.17	0.52	0.23	0.61	0.59	0.43	0.34	0.69	0.68	0.63	0.43	0.14	0.14	0.32	0.14
Net Debt	0.87	0.61	0.2		-0.93	0.92	0.96	0.88	0.86	0.97	0.84	0.97	0.74	0.78	0.87	0.84	0.61	0.78	0.6	0.86	0.84	0.82	0.87	0.48
Retained Earnings	-0.93	-0.83	-0.49	-0.93		-0.9	-0.93	-0.93	-0.93	-0.9	-0.95	-0.92	-0.9	-0.93	-0.93	-0.9	-0.78	-0.95	-0.79	-0.86	-0.79	-0.76	-0.88	-0.44
Accounts Payable	0.83	0.64	0.29	0.92	-0.9		0.95	0.83	0.83	0.97	0.8	0.95	0.67	0.8	0.82	0.77	0.66	0.74	0.59	0.74	0.83	0.8	0.92	0.3
Long Term Debt	0.89	0.65	0.21	0.96	-0.93	0.95		0.91	0.89	0.99	0.85	0.99	0.72	0.77	0.89	0.88	0.69	0.78	0.64	0.8	0.89	0.86	0.93	0.38
Net Receivables	0.99	0.79	0.35	0.88	-0.93	0.83	0.91		0.99	0.88	0.96	0.92	0.88	0.85	0.99	0.98	0.82	0.89	0.78	0.86	0.92	0.9	0.89	0.43
Good Will	1.0	0.85	0.43	0.86	-0.93	0.83	0.89	0.99		0.86	0.97	0.9	0.9	0.86	0.99	0.96	0.88	0.91	0.82	0.87	0.91	0.89	0.88	0.36
Long Term Debt Total	0.86	0.6	0.17	0.97	-0.9	0.97	0.99	0.88	0.86		0.8	0.99	0.67	0.74	0.86	0.84	0.64	0.73	0.6	0.78	0.9	0.88	0.94	0.38
Capital Surpluse	0.97	0.87	0.52	0.84	-0.95	0.8	0.85	0.96	0.97	0.8		0.84	0.97	0.93	0.96	0.92	0.83	0.96	0.83	0.87	0.79	0.77	0.81	0.42
Total Liab	0.91	0.66	0.23	0.97	-0.92	0.95	0.99	0.92	0.9	0.99	0.84		0.72	0.76	0.9	0.89	0.7	0.78	0.66	0.83	0.92	0.9	0.95	0.39
Long Term Investments	0.9	0.89	0.61	0.74	-0.9	0.67	0.72	0.88	0.9	0.67	0.97	0.72		0.91	0.9	0.85	0.79	0.95	0.85	0.85	0.65	0.63	0.69	0.45
Short Long Term Debt	0.86	0.82	0.59	0.78	-0.93	0.8	0.77	0.85	0.86	0.74	0.93	0.76	0.91		0.85	0.78	0.72	0.94	0.75	0.74	0.64	0.6	0.73	0.38
Total Current Assets	1.0	0.85	0.43	0.87	-0.93	0.82	0.89	0.99	0.99	0.86	0.96	0.9	0.9	0.85		0.95	0.87	0.9	0.81	0.91	0.91	0.9	0.88	0.4
Short Term Debt	0.96	0.78	0.34	0.84	-0.9	0.77	0.88	0.98	0.96	0.84	0.92	0.89	0.85	0.78	0.95		0.81	0.86	0.78	0.82	0.9	0.88	0.88	0.52
Intangible Assets	0.87	0.94	0.69	0.61	-0.78	0.66	0.69	0.82	0.88	0.64	0.83	0.7	0.79	0.72	0.87	0.81		0.84	0.81	0.76	0.76	0.75	0.75	0.16
Common Stock	0.91	0.93	0.68	0.78	-0.95	0.74	0.78	0.89	0.91	0.73	0.96	0.78	0.95	0.94	0.9	0.86	0.84		0.87	0.82	0.68	0.66	0.76	0.41
Property Plant Equipment	0.81	0.86	0.63	0.6	-0.79	0.59	0.64	0.78	0.82	0.6	0.83	0.66	0.85	0.75	0.81	0.78	0.81	0.87		0.67	0.64	0.64	0.76	0.15
Short Term Investments	0.9	0.78	0.43	0.86	-0.86	0.74	0.8	0.86	0.87	0.78	0.87	0.83	0.85	0.74	0.91	0.82	0.76	0.82	0.67		0.78	0.78	0.73	0.5
Net Invested Capital	0.91	0.63	0.14	0.84	-0.79	0.83	0.89	0.92	0.91	0.9	0.79	0.92	0.65	0.64	0.91	0.9	0.76	0.68	0.64	0.78		1.0	0.91	0.3
Net Working Capital	0.9	0.62	0.14	0.82	-0.76	0.8	0.86	0.9	0.89	0.88	0.77	0.9	0.63	0.6	0.9	0.88	0.75	0.66	0.64	0.78	1.0		0.9	0.3
Capital Stock	0.88	0.7	0.32	0.87	-0.88	0.92	0.93	0.89	0.88	0.94	0.81	0.95	0.69	0.73	0.88	0.88	0.75	0.76	0.76	0.73	0.91	0.9		0.31
Current Deferred Revenue	0.39	0.29	0.14	0.48	-0.44	0.3	0.38	0.43	0.36	0.38	0.42	0.39	0.45	0.38	0.4	0.52	0.16	0.41	0.15	0.5	0.3	0.3	0.31

Click cells to compare fundamentals

In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.

Competition

Predict Snap

In accordance with the recently published financial statements, Snap Inc has a Beta of 0.995. This is 22.27% lower than that of the Interactive Media & Services sector and significantly higher than that of the Communication Services industry. The beta for all United States stocks is notably lower than that of the firm.

Snap Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Snap's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Snap could also be used in its relative valuation, which is a method of valuing Snap by comparing valuation metrics of similar companies.

Snap is currently under evaluation in beta category among its peers.

Snap ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Snap's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Snap's managers, analysts, and investors.

Environmental

Governance

Social

Snap Institutional Holders

Institutional Holdings refers to the ownership stake in Snap that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Snap's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Snap's value.

		Shares
Geode Capital Management, Llc	2024-09-30	11.7 M
Ossiam	2024-09-30	11.3 M
Jericho Capital Asset Management Lp	2024-09-30	10.9 M
Two Sigma Advisers, Llc	2024-06-30	8.3 M
Millennium Management Llc	2024-06-30	8.3 M
Tb Alternative Assets Ltd.	2024-09-30	8 M
Charles Schwab Investment Management Inc	2024-09-30	6.2 M
Ubs Asset Mgmt Americas Inc	2024-09-30	6 M
Legal & General Group Plc	2024-06-30	5.9 M
Fmr Inc	2024-09-30	209.4 M
Vanguard Group Inc	2024-09-30	103.8 M

Snap returns are very sensitive to returns on the market. As the market goes up or down, Snap is expected to follow.

Snap Fundamentals

	Return On Equity	-0.41
	Return On Asset	-0.0766
	Profit Margin	(0.18) %
	Operating Margin	(0.13) %
	Current Valuation	20.5 B
	Shares Outstanding	1.42 B
	Shares Owned By Insiders	23.92 %
	Shares Owned By Institutions	60.90 %
	Number Of Shares Shorted	66.37 M
	Price To Earning	(5.04) X
	Price To Book	8.80 X
	Price To Sales	3.77 X
	Revenue	4.61 B
	Gross Profit	2.81 B
	EBITDA	(1.1 B)
	Net Income	(1.32 B)
	Cash And Equivalents	4.43 B
	Cash Per Share	2.75 X
	Total Debt	4.34 B
	Debt To Equity	1.44 %
	Current Ratio	4.86 X
	Book Value Per Share	1.32 X
	Cash Flow From Operations	246.52 M
	Short Ratio	1.95 X
	Earnings Per Share	(0.58) X
	Price To Earnings To Growth	496.06 X
	Target Price	13.04
	Number Of Employees	4.8 K
	Beta	1.0
	Market Capitalization	19.46 B
	Total Asset	7.97 B
	Retained Earnings	(11.73 B)
	Working Capital	3.84 B
	Net Asset	7.97 B

About Snap Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Snap Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Snap using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Snap Inc based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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

0.69	EVER	EverQuote Class A	Pair Corr
0.66	TC	TuanChe ADR	Pair Corr
0.42	MAX	MediaAlpha	Pair Corr

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.

Pair Correlation Correlation Matching

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.

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