Sba Communications Corp Stock Market Value
| SBAC Stock | USD 219.43 0.49 0.22% |
| Symbol | SBA |
SBA Communications Corp Price To Book Ratio
Is Telecom Tower REITs 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 SBA Communications. If investors know SBA 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 SBA Communications 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 2 | Dividend Share 3.79 | Earnings Share 6.35 | Revenue Per Share 24.696 | Quarterly Revenue Growth (0.02) |
The market value of SBA Communications Corp is measured differently than its book value, which is the value of SBA that is recorded on the company's balance sheet. Investors also form their own opinion of SBA Communications' value that differs from its market value or its book value, called intrinsic value, which is SBA Communications' 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 SBA Communications' market value can be influenced by many factors that don't directly affect SBA Communications' 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 SBA Communications' value and its price as these two are different measures arrived at by different means. Investors typically determine if SBA Communications is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SBA Communications' 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.
SBA Communications '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 SBA Communications' 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 SBA Communications.
| 12/02/2022 |
| 11/21/2024 |
If you would invest 0.00 in SBA Communications on December 2, 2022 and sell it all today you would earn a total of 0.00 from holding SBA Communications Corp or generate 0.0% return on investment in SBA Communications over 720 days. SBA Communications is related to or competes with American Tower, Digital Realty, Equinix, Iron Mountain, Crown Castle, and Hannon Armstrong. SBA Communications Corporation is a first choice provider and leading owner and operator of wireless communications infr... More
SBA Communications 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 SBA Communications' 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 SBA Communications Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.42 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 8.29 | |||
| Value At Risk | (1.89) | |||
| Potential Upside | 2.2 |
SBA Communications Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SBA Communications' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SBA Communications' standard deviation. In reality, there are many statistical measures that can use SBA Communications historical prices to predict the future SBA Communications' volatility.| Risk Adjusted Performance | 0.0151 | |||
| Jensen Alpha | 0.0562 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0.02) |
SBA Communications Corp Backtested Returns
SBA Communications Corp retains Efficiency (Sharpe Ratio) of -0.0298, which indicates the company had a -0.0298% return per unit of risk over the last 3 months. SBA Communications exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SBA Communications' Standard Deviation of 1.39, semi deviation of 1.39, and Market Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -0.55, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning SBA Communications are expected to decrease at a much lower rate. During the bear market, SBA Communications is likely to outperform the market. At this point, SBA Communications Corp has a negative expected return of -0.0393%. Please make sure to validate SBA Communications' total risk alpha, value at risk, and the relationship between the standard deviation and treynor ratio , to decide if SBA Communications Corp performance from the past will be repeated in the future.
Auto-correlation | 0.12 |
Insignificant predictability
SBA Communications Corp has insignificant predictability. Overlapping area represents the amount of predictability between SBA Communications time series from 2nd of December 2022 to 27th of November 2023 and 27th of November 2023 to 21st 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 SBA Communications Corp price movement. The serial correlation of 0.12 indicates that less than 12.0% of current SBA Communications price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 353.83 |
SBA Communications Corp lagged returns against current returns
Autocorrelation, which is SBA Communications 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 SBA Communications' stock expected returns. We can calculate the autocorrelation of SBA Communications returns to help us make a trade decision. For example, suppose you find that SBA Communications 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 |
SBA Communications 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 SBA Communications stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SBA Communications stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SBA Communications stock over time.
Current vs Lagged Prices |
| Timeline |
SBA Communications Lagged Returns
When evaluating SBA Communications' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SBA Communications stock have on its future price. SBA Communications 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, SBA Communications autocorrelation shows the relationship between SBA Communications stock current value and its past values and can show if there is a momentum factor associated with investing in SBA Communications Corp.
Regressed Prices |
| Timeline |
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 SBA Communications Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of SBA Communications' 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 Sba Communications Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Sba Communications Corp Stock:Check out SBA Communications Correlation, SBA Communications Volatility and SBA Communications Alpha and Beta module to complement your research on SBA Communications. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
SBA Communications 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.