Simply Good Foods Stock Technical Analysis
| SMPL Stock | USD 39.92 0.09 0.22% |
As of the 29th of November, Simply Good has the Risk Adjusted Performance of 0.182, coefficient of variation of 432.26, and Semi Deviation of 0.9943. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Simply Good Foods, as well as the relationship between them. Please validate Simply Good Foods standard deviation, maximum drawdown, as well as the relationship between the Maximum Drawdown and expected short fall to decide if Simply Good is priced more or less accurately, providing market reflects its prevalent price of 39.92 per share. Given that Simply Good Foods has jensen alpha of 0.2561, we advise you to double-check Simply Good Foods's current market performance to make sure the company can sustain itself at a future point.
Simply Good Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Simply, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to SimplySimply |
Simply Good Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 42.91 | Strong Buy | 11 | Odds |
Most Simply analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Simply stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Simply Good Foods, talking to its executives and customers, or listening to Simply conference calls.
Simply Good 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.
Simply Good Foods Technical Analysis
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Simply Good Foods volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Simply Good Foods Trend Analysis
Use this graph to draw trend lines for Simply Good Foods. You can use it to identify possible trend reversals for Simply Good as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Simply Good price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Simply Good Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Simply Good Foods applied against its price change over selected period. The best fit line has a slop of 0.09 , which means Simply Good Foods will continue generating value for investors. It has 122 observation points and a regression sum of squares at 294.58, which is the sum of squared deviations for the predicted Simply Good price change compared to its average price change.About Simply Good Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Simply Good Foods on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Simply Good Foods based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Simply Good Foods price pattern first instead of the macroeconomic environment surrounding Simply Good Foods. By analyzing Simply Good's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Simply Good's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Simply Good specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2010 | 2018 | 2023 (projected) | Days Sales Outstanding | 30.53 | 42.61 | 41.32 | PTB Ratio | 1.89 | 2.18 | 1.83 |
Simply Good November 29, 2024 Technical Indicators
Most technical analysis of Simply help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Simply from various momentum indicators to cycle indicators. When you analyze Simply charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.182 | |||
| Market Risk Adjusted Performance | 0.5358 | |||
| Mean Deviation | 1.14 | |||
| Semi Deviation | 0.9943 | |||
| Downside Deviation | 1.34 | |||
| Coefficient Of Variation | 432.26 | |||
| Standard Deviation | 1.46 | |||
| Variance | 2.14 | |||
| Information Ratio | 0.1455 | |||
| Jensen Alpha | 0.2561 | |||
| Total Risk Alpha | 0.108 | |||
| Sortino Ratio | 0.1585 | |||
| Treynor Ratio | 0.5258 | |||
| Maximum Drawdown | 5.79 | |||
| Value At Risk | (1.69) | |||
| Potential Upside | 2.91 | |||
| Downside Variance | 1.8 | |||
| Semi Variance | 0.9886 | |||
| Expected Short fall | (1.28) | |||
| Skewness | 0.0603 | |||
| Kurtosis | (0.21) |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Simply Good Foods. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Is Packaged Foods & Meats 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 Simply Good. If investors know Simply 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 Simply Good 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 (0.19) | Earnings Share 1.38 | Revenue Per Share 13.323 | Quarterly Revenue Growth 0.172 | Return On Assets 0.0631 |
The market value of Simply Good Foods is measured differently than its book value, which is the value of Simply that is recorded on the company's balance sheet. Investors also form their own opinion of Simply Good's value that differs from its market value or its book value, called intrinsic value, which is Simply Good'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 Simply Good's market value can be influenced by many factors that don't directly affect Simply Good'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 Simply Good's value and its price as these two are different measures arrived at by different means. Investors typically determine if Simply Good is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Simply Good'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.