Sandy Spring Bancorp Stock Market Value
| SASR Stock | USD 37.61 0.30 0.80% |
| Symbol | Sandy |
Sandy Spring Bancorp Price To Book Ratio
Is Regional Banks space 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 Sandy Spring. If investors know Sandy 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 Sandy Spring 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 (0.22) | Dividend Share 1.36 | Earnings Share 1.89 | Revenue Per Share 8.68 | Quarterly Revenue Growth (0.05) |
The market value of Sandy Spring Bancorp is measured differently than its book value, which is the value of Sandy that is recorded on the company's balance sheet. Investors also form their own opinion of Sandy Spring's value that differs from its market value or its book value, called intrinsic value, which is Sandy Spring'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 Sandy Spring's market value can be influenced by many factors that don't directly affect Sandy Spring'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 Sandy Spring's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sandy Spring is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sandy Spring'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.
Sandy Spring '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 Sandy Spring'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 Sandy Spring.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in Sandy Spring on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding Sandy Spring Bancorp or generate 0.0% return on investment in Sandy Spring over 480 days. Sandy Spring is related to or competes with Northrim BanCorp, Provident Financial, Community Trust, First Interstate, Bankwell Financial, Shore Bancshares, and Byline Bancorp. Sandy Spring Bancorp, Inc. operates as the bank holding company for Sandy Spring Bank that provides commercial and retai... More
Sandy Spring 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 Sandy Spring'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 Sandy Spring Bancorp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.5 | |||
| Information Ratio | 0.0879 | |||
| Maximum Drawdown | 18.48 | |||
| Value At Risk | (2.54) | |||
| Potential Upside | 2.83 |
Sandy Spring Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sandy Spring's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sandy Spring's standard deviation. In reality, there are many statistical measures that can use Sandy Spring historical prices to predict the future Sandy Spring's volatility.| Risk Adjusted Performance | 0.1074 | |||
| Jensen Alpha | 0.0589 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.1423 | |||
| Treynor Ratio | 0.1394 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sandy Spring'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.
Sandy Spring Bancorp Backtested Returns
Sandy Spring appears to be very steady, given 3 months investment horizon. Sandy Spring Bancorp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the firm had a 0.14% return per unit of risk over the last 3 months. We have found thirty technical indicators for Sandy Spring Bancorp, which you can use to evaluate the volatility of the company. Please review Sandy Spring's Risk Adjusted Performance of 0.1074, coefficient of variation of 719.39, and Semi Deviation of 1.28 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sandy Spring holds a performance score of 10. The entity has a beta of 2.36, 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, Sandy Spring will likely underperform. Please check Sandy Spring's potential upside, as well as the relationship between the accumulation distribution and price action indicator , to make a quick decision on whether Sandy Spring's existing price patterns will revert.
Auto-correlation | 0.35 |
Below average predictability
Sandy Spring Bancorp has below average predictability. Overlapping area represents the amount of predictability between Sandy Spring time series from 19th of August 2023 to 15th of April 2024 and 15th of April 2024 to 11th of December 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 Sandy Spring Bancorp price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Sandy Spring price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 30.49 |
Sandy Spring Bancorp lagged returns against current returns
Autocorrelation, which is Sandy Spring 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 Sandy Spring's stock expected returns. We can calculate the autocorrelation of Sandy Spring returns to help us make a trade decision. For example, suppose you find that Sandy Spring 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 |
Sandy Spring 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 Sandy Spring stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sandy Spring stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sandy Spring stock over time.
Current vs Lagged Prices |
| Timeline |
Sandy Spring Lagged Returns
When evaluating Sandy Spring's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sandy Spring stock have on its future price. Sandy Spring 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, Sandy Spring autocorrelation shows the relationship between Sandy Spring stock current value and its past values and can show if there is a momentum factor associated with investing in Sandy Spring Bancorp.
Regressed Prices |
| Timeline |
Pair Trading with Sandy Spring
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 Sandy Spring 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 Sandy Spring will appreciate offsetting losses from the drop in the long position's value.Moving together with Sandy Stock
| 0.95 | AX | Axos Financial | PairCorr |
| 0.99 | BY | Byline Bancorp Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.98 | PB | Prosperity Bancshares Fiscal Year End 22nd of January 2025 | PairCorr |
Moving against Sandy Stock
| 0.8 | CFG-PE | Citizens Financial | PairCorr |
| 0.73 | TFC-PR | Truist Financial | PairCorr |
| 0.72 | TFC-PO | Truist Financial | PairCorr |
| 0.43 | WF | Woori Financial Group | PairCorr |
The ability to find closely correlated positions to Sandy Spring could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sandy Spring 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 Sandy Spring - 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 Sandy Spring Bancorp to buy it.
The correlation of Sandy Spring 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 Sandy Spring moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sandy Spring Bancorp 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 Sandy Spring 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 Sandy Stock Analysis
When running Sandy Spring's price analysis, check to measure Sandy Spring'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 Sandy Spring is operating at the current time. Most of Sandy Spring's value examination focuses on studying past and present price action to predict the probability of Sandy Spring's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sandy Spring's price. Additionally, you may evaluate how the addition of Sandy Spring to your portfolios can decrease your overall portfolio volatility.