Smith Ao Stock Market Value
| AOS Stock | USD 73.71 0.74 1.01% |
| Symbol | Smith |
Smith AO Price To Book Ratio
Is Building Products 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 Smith AO. If investors know Smith 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 Smith AO 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 (0.09) | Dividend Share 1.28 | Earnings Share 3.79 | Revenue Per Share 26.508 | Quarterly Revenue Growth (0.04) |
The market value of Smith AO is measured differently than its book value, which is the value of Smith that is recorded on the company's balance sheet. Investors also form their own opinion of Smith AO's value that differs from its market value or its book value, called intrinsic value, which is Smith AO'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 Smith AO's market value can be influenced by many factors that don't directly affect Smith AO'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 Smith AO's value and its price as these two are different measures arrived at by different means. Investors typically determine if Smith AO is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Smith AO'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.
Smith AO '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 Smith AO'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 Smith AO.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Smith AO on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Smith AO or generate 0.0% return on investment in Smith AO over 30 days. Smith AO is related to or competes with Dover, Illinois Tool, Xylem, Franklin Electric, Pentair PLC, Parker Hannifin, and Emerson Electric. Smith Corporation manufactures and markets residential and commercial gas, heat pump and electric water heaters, boilers... More
Smith AO 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 Smith AO'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 Smith AO upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 10.28 | |||
| Value At Risk | (2.61) | |||
| Potential Upside | 2.11 |
Smith AO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Smith AO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Smith AO's standard deviation. In reality, there are many statistical measures that can use Smith AO historical prices to predict the future Smith AO's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | (0.23) |
Smith AO Backtested Returns
Smith AO owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.11, which indicates the firm had a -0.11% return per unit of risk over the last 3 months. Smith AO exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Smith AO's Coefficient Of Variation of (981.42), risk adjusted performance of (0.07), and Variance of 2.34 to confirm the risk estimate we provide. The entity has a beta of 0.71, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Smith AO's returns are expected to increase less than the market. However, during the bear market, the loss of holding Smith AO is expected to be smaller as well. At this point, Smith AO has a negative expected return of -0.17%. Please make sure to validate Smith AO's maximum drawdown, as well as the relationship between the accumulation distribution and market facilitation index , to decide if Smith AO performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.83 |
Very good predictability
Smith AO has very good predictability. Overlapping area represents the amount of predictability between Smith AO time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd of November 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 Smith AO price movement. The serial correlation of 0.83 indicates that around 83.0% of current Smith AO price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 1.83 |
Smith AO lagged returns against current returns
Autocorrelation, which is Smith AO 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 Smith AO's stock expected returns. We can calculate the autocorrelation of Smith AO returns to help us make a trade decision. For example, suppose you find that Smith AO 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 |
Smith AO 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 Smith AO stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Smith AO stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Smith AO stock over time.
Current vs Lagged Prices |
| Timeline |
Smith AO Lagged Returns
When evaluating Smith AO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Smith AO stock have on its future price. Smith AO 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, Smith AO autocorrelation shows the relationship between Smith AO stock current value and its past values and can show if there is a momentum factor associated with investing in Smith AO.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Smith Stock Analysis
When running Smith AO's price analysis, check to measure Smith AO'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 AO is operating at the current time. Most of Smith AO's value examination focuses on studying past and present price action to predict the probability of Smith AO'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 AO's price. Additionally, you may evaluate how the addition of Smith AO to your portfolios can decrease your overall portfolio volatility.