Smith Midland Corp Stock Market Value
| SMID Stock | USD 49.10 0.70 1.45% |
| Symbol | Smith |
Smith Midland Corp Price To Book Ratio
Is Construction Materials 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 Smith Midland. If investors know Smith 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 Smith Midland 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 12.798 | Earnings Share 1.22 | Revenue Per Share 12.943 | Quarterly Revenue Growth 0.336 | Return On Assets 0.065 |
The market value of Smith Midland Corp is measured differently than its book value, which is the value of Smith that is recorded on the company's balance sheet. Investors also form their own opinion of Smith Midland's value that differs from its market value or its book value, called intrinsic value, which is Smith Midland'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 Smith Midland's market value can be influenced by many factors that don't directly affect Smith Midland'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 Smith Midland's value and its price as these two are different measures arrived at by different means. Investors typically determine if Smith Midland is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Smith Midland'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.
Smith Midland '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 Smith Midland'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 Smith Midland.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Smith Midland on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Smith Midland Corp or generate 0.0% return on investment in Smith Midland over 540 days. Smith Midland is related to or competes with United States, Holcim, Lafargeholcim, Cementos Pacasmayo, Eagle Materials, James Hardie, and Vulcan Materials. Smith-Midland Corporation, through its subsidiaries, invents, develops, manufactures, markets, leases, licenses, sells, ... More
Smith Midland 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 Smith Midland'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 Smith Midland Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.62 | |||
| Information Ratio | 0.1232 | |||
| Maximum Drawdown | 22.76 | |||
| Value At Risk | (5.23) | |||
| Potential Upside | 6.92 |
Smith Midland Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Smith Midland's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Smith Midland's standard deviation. In reality, there are many statistical measures that can use Smith Midland historical prices to predict the future Smith Midland's volatility.| Risk Adjusted Performance | 0.126 | |||
| Jensen Alpha | 0.486 | |||
| Total Risk Alpha | 0.0033 | |||
| Sortino Ratio | 0.1392 | |||
| Treynor Ratio | 0.5353 |
Smith Midland Corp Backtested Returns
Smith Midland appears to be very steady, given 3 months investment horizon. Smith Midland Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the firm had a 0.17% return per unit of risk over the last 3 months. By inspecting Smith Midland's technical indicators, you can evaluate if the expected return of 0.71% is justified by implied risk. Please review Smith Midland's Semi Deviation of 2.81, risk adjusted performance of 0.126, and Coefficient Of Variation of 650.15 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Smith Midland holds a performance score of 13. The entity has a beta of 1.16, 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, Smith Midland will likely underperform. Please check Smith Midland's sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether Smith Midland's existing price patterns will revert.
Auto-correlation | 0.08 |
Virtually no predictability
Smith Midland Corp has virtually no predictability. Overlapping area represents the amount of predictability between Smith Midland time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 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 Smith Midland Corp price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Smith Midland price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 20.27 |
Smith Midland Corp lagged returns against current returns
Autocorrelation, which is Smith Midland 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 Smith Midland's stock expected returns. We can calculate the autocorrelation of Smith Midland returns to help us make a trade decision. For example, suppose you find that Smith Midland 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 |
Smith Midland 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 Smith Midland stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Smith Midland stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Smith Midland stock over time.
Current vs Lagged Prices |
| Timeline |
Smith Midland Lagged Returns
When evaluating Smith Midland's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Smith Midland stock have on its future price. Smith Midland 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, Smith Midland autocorrelation shows the relationship between Smith Midland stock current value and its past values and can show if there is a momentum factor associated with investing in Smith Midland Corp.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Smith Midland Corp is a strong investment it is important to analyze Smith Midland's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Smith Midland's future performance. For an informed investment choice regarding Smith Stock, refer to the following important reports:Check out Smith Midland Correlation, Smith Midland Volatility and Smith Midland Alpha and Beta module to complement your research on Smith Midland. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Smith Midland 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.