Snap Inc Stock Market Value
| SNAP Stock | USD 11.61 0.01 0.09% |
| Symbol | Snap |
Snap Inc Price To Book Ratio
Is Interactive Media & Services 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 Snap. If investors know Snap 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 Snap listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.58) | Revenue Per Share 3.133 | Quarterly Revenue Growth 0.155 | Return On Assets (0.08) | Return On Equity (0.41) |
The market value of Snap Inc is measured differently than its book value, which is the value of Snap that is recorded on the company's balance sheet. Investors also form their own opinion of Snap's value that differs from its market value or its book value, called intrinsic value, which is Snap'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 Snap's market value can be influenced by many factors that don't directly affect Snap'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 Snap's value and its price as these two are different measures arrived at by different means. Investors typically determine if Snap is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Snap'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.
Snap '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 Snap'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 Snap.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Snap on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Snap Inc or generate 0.0% return on investment in Snap over 30 days. Snap is related to or competes with Yunji, Fangdd Network, Huize Holding, MOGU, and Quhuo. Snap Inc. operates as a camera company in North America, Europe, and internationally More
Snap 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 Snap'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 Snap Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.57 | |||
| Information Ratio | 0.0719 | |||
| Maximum Drawdown | 21.74 | |||
| Value At Risk | (3.65) | |||
| Potential Upside | 4.41 |
Snap Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Snap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Snap's standard deviation. In reality, there are many statistical measures that can use Snap historical prices to predict the future Snap's volatility.| Risk Adjusted Performance | 0.0932 | |||
| Jensen Alpha | 0.3846 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0913 | |||
| Treynor Ratio | (1.43) |
Snap Inc Backtested Returns
Snap appears to be somewhat reliable, given 3 months investment horizon. Snap Inc owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the firm had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Snap Inc, which you can use to evaluate the volatility of the company. Please review Snap's Risk Adjusted Performance of 0.0932, semi deviation of 2.33, and Coefficient Of Variation of 893.19 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Snap holds a performance score of 9. The entity has a beta of -0.25, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Snap are expected to decrease at a much lower rate. During the bear market, Snap is likely to outperform the market. Please check Snap's value at risk, and the relationship between the jensen alpha and skewness , to make a quick decision on whether Snap's existing price patterns will revert.
Auto-correlation | -0.36 |
Poor reverse predictability
Snap Inc has poor reverse predictability. Overlapping area represents the amount of predictability between Snap time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Snap Inc price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Snap price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
Snap Inc lagged returns against current returns
Autocorrelation, which is Snap 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 Snap's stock expected returns. We can calculate the autocorrelation of Snap returns to help us make a trade decision. For example, suppose you find that Snap 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 |
Snap 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 Snap stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Snap stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Snap stock over time.
Current vs Lagged Prices |
| Timeline |
Snap Lagged Returns
When evaluating Snap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Snap stock have on its future price. Snap 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, Snap autocorrelation shows the relationship between Snap stock current value and its past values and can show if there is a momentum factor associated with investing in Snap Inc.
Regressed Prices |
| Timeline |
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.