Sbc Communications Stock Market Value
| SBC Stock | 6.54 0.04 0.62% |
| Symbol | SBC |
Is Health Care Providers & Services 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 SBC Communications. If investors know SBC 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 SBC Communications listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of SBC Communications is measured differently than its book value, which is the value of SBC that is recorded on the company's balance sheet. Investors also form their own opinion of SBC Communications' value that differs from its market value or its book value, called intrinsic value, which is SBC 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 SBC Communications' market value can be influenced by many factors that don't directly affect SBC 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 SBC Communications' value and its price as these two are different measures arrived at by different means. Investors typically determine if SBC Communications is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SBC 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.
SBC 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 SBC 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 SBC Communications.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in SBC Communications on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding SBC Communications or generate 0.0% return on investment in SBC Communications over 30 days. SBC Communications is related to or competes with Humana, and Elevance Health. SBC Communications is entity of United States More
SBC 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 SBC 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 SBC Communications upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 48.01 | |||
| Value At Risk | (17.07) | |||
| Potential Upside | 14.31 |
SBC Communications Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SBC Communications' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SBC Communications' standard deviation. In reality, there are many statistical measures that can use SBC Communications historical prices to predict the future SBC Communications' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.46) | |||
| Total Risk Alpha | (1.73) | |||
| Treynor Ratio | 11.9 |
SBC Communications Backtested Returns
SBC Communications retains Efficiency (Sharpe Ratio) of -0.0964, which indicates the company had a -0.0964% return per unit of volatility over the last 3 months. SBC Communications exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SBC Communications' Information Ratio of (0.07), market risk adjusted performance of 11.91, and Mean Deviation of 4.87 to confirm the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -0.0391, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning SBC Communications are expected to decrease at a much lower rate. During the bear market, SBC Communications is likely to outperform the market. At this point, SBC Communications has a negative expected return of -0.75%. Please make sure to validate SBC Communications' kurtosis, market facilitation index, and the relationship between the value at risk and rate of daily change , to decide if SBC Communications performance from the past will be repeated in the future.
Auto-correlation | 0.49 |
Average predictability
SBC Communications has average predictability. Overlapping area represents the amount of predictability between SBC Communications time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 SBC Communications price movement. The serial correlation of 0.49 indicates that about 49.0% of current SBC Communications price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
SBC Communications lagged returns against current returns
Autocorrelation, which is SBC 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 SBC Communications' stock expected returns. We can calculate the autocorrelation of SBC Communications returns to help us make a trade decision. For example, suppose you find that SBC 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 |
SBC 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 SBC Communications stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SBC Communications stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SBC Communications stock over time.
Current vs Lagged Prices |
| Timeline |
SBC Communications Lagged Returns
When evaluating SBC Communications' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SBC Communications stock have on its future price. SBC 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, SBC Communications autocorrelation shows the relationship between SBC Communications stock current value and its past values and can show if there is a momentum factor associated with investing in SBC Communications.
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 SBC Communications offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of SBC 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 Sbc Communications Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Sbc Communications Stock:Check out SBC Communications Correlation, SBC Communications Volatility and SBC Communications Alpha and Beta module to complement your research on SBC Communications. For information on how to trade SBC Stock refer to our How to Trade SBC Stock guide.You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
SBC 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.