Snap On Stock Forecast - Semi Variance
| SNA Stock | USD 369.23 2.12 0.57% |
Snap Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Snap On stock prices and determine the direction of Snap On's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Snap On's historical fundamentals, such as revenue growth or operating cash flow patterns.
Snap |
| Check Snap On Volatility | Backtest Snap On | Trend Details |
Snap On Trading Date Momentum
| On November 25 2024 Snap On was traded for 370.64 at the closing time. Highest Snap On's price during the trading hours was 372.94 and the lowest price during the day was 367.50 . The net volume was 584.3 K. The overall trading history on the 25th of November contributed to the next trading period price jump. The trading price change to the next next day price was 1.28% . The trading price change to current price is 1.63% . |
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Other Forecasting Options for Snap On
For every potential investor in Snap, whether a beginner or expert, Snap On's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Snap Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Snap. Basic forecasting techniques help filter out the noise by identifying Snap On's price trends.Snap On Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Snap On stock to make a market-neutral strategy. Peer analysis of Snap On could also be used in its relative valuation, which is a method of valuing Snap On by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Snap On Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Snap On's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Snap On's current price.| Cycle Indicators | ||
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| Volume Indicators |
Snap On Market Strength Events
Market strength indicators help investors to evaluate how Snap On stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Snap On shares will generate the highest return on investment. By undertsting and applying Snap On stock market strength indicators, traders can identify Snap On entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0131 | |||
| Daily Balance Of Power | (0.43) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 371.46 | |||
| Day Typical Price | 370.71 | |||
| Market Facilitation Index | 4.89 | |||
| Price Action Indicator | (3.28) | |||
| Period Momentum Indicator | (2.12) |
Snap On Risk Indicators
The analysis of Snap On's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Snap On's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting snap stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 0.9801 | |||
| Standard Deviation | 1.66 | |||
| Variance | 2.76 | |||
| Downside Variance | 0.5883 | |||
| Semi Variance | (0.03) | |||
| Expected Short fall | (1.26) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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 Snap On offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Snap On's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Snap On Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Snap On Stock:Check out Historical Fundamental Analysis of Snap On to cross-verify your projections. For information on how to trade Snap Stock refer to our How to Trade Snap Stock guide.You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Is Industrial Machinery & Supplies & Components 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 On. 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 On 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 0.042 | Dividend Share 7.44 | Earnings Share 19.46 | Revenue Per Share 96.839 | Quarterly Revenue Growth (0.01) |
The market value of Snap On 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 On's value that differs from its market value or its book value, called intrinsic value, which is Snap On'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 On's market value can be influenced by many factors that don't directly affect Snap On'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 On's value and its price as these two are different measures arrived at by different means. Investors typically determine if Snap On is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Snap On'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.