Smith Midland Corp Stock Price on May 3, 2024
| SMID Stock | USD 49.10 0.70 1.45% |
If you're considering investing in Smith Stock, it is important to understand the factors that can impact its price. As of today, the current price of Smith Midland stands at 49.10, as last reported on the 29th of November, with the highest price reaching 50.00 and the lowest price hitting 48.41 during the day. 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 Risk Adjusted Performance of 0.1411, semi deviation of 2.64, and Coefficient Of Variation of 574.69 to confirm if our risk estimates are consistent with your expectations.
Smith Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Smith |
Sharpe Ratio = 0.174
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Estimated Market Risk
| 4.08 actual daily | 36 64% of assets are more volatile |
Expected Return
| 0.71 actual daily | 14 86% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average Smith Midland is performing at about 13% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Smith Midland by adding it to a well-diversified portfolio.
Smith Midland Valuation on May 3, 2024
It is possible to determine the worth of Smith Midland on a given historical date. On May 3, 2024 Smith was worth 37.67 at the beginning of the trading date compared to the closed value of 37.3. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Smith Midland stock. Still, in general, we apply an absolute valuation method to find Smith Midland's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Smith Midland where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Smith Midland's related companies.
| Open | High | Low | Close | Volume | |
| 36.88 | 37.56 | 36.05 | 37.01 | 13,253 | |
05/03/2024 | 37.67 | 38.14 | 36.83 | 37.30 | 16,829 |
| 37.58 | 37.88 | 36.62 | 36.96 | 14,921 |
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Smith Midland Trading Date Momentum on May 3, 2024
| On May 06 2024 Smith Midland Corp was traded for 36.96 at the closing time. The top price for the day was 37.88 and the lowest listed price was 36.62 . The trading volume for the day was 14.9 K. The trading history from May 6, 2024 was a factor to the next trading day price decrease. The trading price change against the next closing price was 0.91% . The trading price change against the current closing price is 13.73% . |
Smith Midland Corp Fundamentals Correlations and Trends
By evaluating Smith Midland's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Smith Midland's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Smith financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Smith Midland Stock history
Smith Midland investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Smith is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Smith Midland Corp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Smith Midland stock prices may prove useful in developing a viable investing in Smith Midland
Smith-Midland Corporation, through its subsidiaries, invents, develops, manufactures, markets, leases, licenses, sells, and installs precast concrete products primarily for use in the construction, highway, utilities, and farming industries. Smith-Midland Corporation was incorporated in 1960 and is based in Midland, Virginia. Smith-Midland Corp operates under Building Materials classification in the United States and is traded on NASDAQ Exchange. It employs 178 people.
Smith Midland Stock Technical Analysis
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.
Price Boundaries
Smith Midland Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Smith Midland Corp cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Smith Midland November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Smith Midland stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Smith Midland shares will generate the highest return on investment. By undertsting and applying Smith Midland stock market strength indicators, traders can identify Smith Midland Corp entry and exit signals to maximize returns
Smith Midland Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Smith Midland's price direction in advance. Along with the technical and fundamental analysis of Smith Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Smith to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1411 | |||
| Jensen Alpha | 0.5754 | |||
| Total Risk Alpha | 0.0189 | |||
| Sortino Ratio | 0.1621 | |||
| Treynor Ratio | 0.714 |
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| Volume Indicators |
Complementary Tools for Smith Stock analysis
When running Smith Midland's price analysis, check to measure Smith Midland'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 Smith Midland is operating at the current time. Most of Smith Midland's value examination focuses on studying past and present price action to predict the probability of Smith Midland's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Smith Midland's price. Additionally, you may evaluate how the addition of Smith Midland to your portfolios can decrease your overall portfolio volatility.
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