Snap (Germany) Market Value
| 1SI Stock | EUR 11.91 0.02 0.17% |
| Symbol | Snap |
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.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Snap on September 12, 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 90 days. Snap is related to or competes with Playtech Plc, Columbia Sportswear, VIRGIN WINES, Marie Brizard, Universal Display, and NAKED WINES. 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 | 2.51 | |||
| Information Ratio | 0.1715 | |||
| Maximum Drawdown | 14.62 | |||
| Value At Risk | (4.21) | |||
| Potential Upside | 6.55 |
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 | 0.1594 | |||
| Jensen Alpha | 0.6823 | |||
| Total Risk Alpha | 0.1569 | |||
| Sortino Ratio | 0.222 | |||
| Treynor Ratio | (7.16) |
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 0.17, which indicates the firm had a 0.17% return per unit of risk over the last 3 months. By inspecting Snap's technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please review Snap's Risk Adjusted Performance of 0.1594, semi deviation of 2.14, and Coefficient Of Variation of 476.47 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Snap holds a performance score of 13. The entity has a beta of -0.0938, 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 market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Snap's existing price patterns will revert.
Auto-correlation | 0.03 |
Virtually no predictability
Snap Inc has virtually no predictability. Overlapping area represents the amount of predictability between Snap time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th of December 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 0.03 indicates that only 3.0% of current Snap price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.42 |
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 |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Snap Stock
When determining whether Snap Inc is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Snap Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Snap Inc Stock. Highlighted below are key reports to facilitate an investment decision about Snap Inc Stock:Check out Snap Correlation, Snap Volatility and Snap Alpha and Beta module to complement your research on Snap. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Snap 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.