Sandy Net Invested Capital from 2010 to 2024
| SASR Stock | USD 37.85 0.68 1.83% |
Net Invested Capital | First Reported 2010-12-31 | Previous Quarter 2.5 B | Current Value 2.2 B | Quarterly Volatility 439 M |
Check Sandy Spring financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Sandy Spring's main balance sheet or income statement drivers, such as Depreciation And Amortization of 23.1 M, Interest Expense of 297.1 M or Selling General Administrative of 180.3 M, as well as many indicators such as Price To Sales Ratio of 4.6, Dividend Yield of 0.0526 or PTB Ratio of 0.73. Sandy financial statements analysis is a perfect complement when working with Sandy Spring Valuation or Volatility modules.
Sandy | Net Invested Capital |
Latest Sandy Spring's Net Invested Capital Growth Pattern
Below is the plot of the Net Invested Capital of Sandy Spring Bancorp over the last few years. It is the total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents. Sandy Spring's Net Invested Capital historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Sandy Spring's overall financial position and show how it may be relating to other accounts over time.
| Net Invested Capital | 10 Years Trend |
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Net Invested Capital |
| Timeline |
Sandy Net Invested Capital Regression Statistics
| Arithmetic Mean | 1,686,707,564 | |
| Geometric Mean | 1,637,428,401 | |
| Coefficient Of Variation | 26.03 | |
| Mean Deviation | 380,862,468 | |
| Median | 1,329,649,000 | |
| Standard Deviation | 438,966,269 | |
| Sample Variance | 192691.4T | |
| Range | 1.2B | |
| R-Value | 0.86 | |
| Mean Square Error | 53062.4T | |
| R-Squared | 0.74 | |
| Significance | 0.000035 | |
| Slope | 84,681,511 | |
| Total Sum of Squares | 2697679.4T |
Sandy Net Invested Capital History
About Sandy Spring Financial Statements
Sandy Spring shareholders use historical fundamental indicators, such as Net Invested Capital, to determine how well the company is positioned to perform in the future. Although Sandy Spring investors may analyze each financial statement separately, they are all interrelated. The changes in Sandy Spring's assets and liabilities, for example, are also reflected in the revenues and expenses on on Sandy Spring's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Net Invested Capital | 2.5 B | 2.2 B |
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
| 0.91 | AX | Axos Financial | PairCorr |
| 0.92 | BY | Byline Bancorp Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.96 | PB | Prosperity Bancshares Fiscal Year End 22nd of January 2025 | PairCorr |
Moving against Sandy Stock
| 0.59 | WF | Woori Financial Group | PairCorr |
| 0.4 | TFC-PO | Truist Financial | PairCorr |
| 0.36 | TFC-PR | Truist Financial | PairCorr |
| 0.35 | CFG-PE | Citizens Financial | 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.