Sweetgreen Stock Market Value
| SG Stock | USD 41.25 3.35 8.84% |
| Symbol | Sweetgreen |
Sweetgreen Price To Book Ratio
Is Hotels, Restaurants & Leisure 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 Sweetgreen. If investors know Sweetgreen 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 Sweetgreen listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.78) | Revenue Per Share 5.896 | Quarterly Revenue Growth 0.13 | Return On Assets (0.06) | Return On Equity (0.18) |
The market value of Sweetgreen is measured differently than its book value, which is the value of Sweetgreen that is recorded on the company's balance sheet. Investors also form their own opinion of Sweetgreen's value that differs from its market value or its book value, called intrinsic value, which is Sweetgreen'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 Sweetgreen's market value can be influenced by many factors that don't directly affect Sweetgreen'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 Sweetgreen's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sweetgreen is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sweetgreen'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.
Sweetgreen '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 Sweetgreen'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 Sweetgreen.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Sweetgreen on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Sweetgreen or generate 0.0% return on investment in Sweetgreen over 30 days. Sweetgreen is related to or competes with Cannae Holdings, Brinker International, Jack In, Biglari Holdings, Wingstop, Papa Johns, and Chipotle Mexican. Sweetgreen, Inc., together with its subsidiaries, develops and operates fast-casual restaurants serving healthy foods pr... More
Sweetgreen 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 Sweetgreen'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 Sweetgreen upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.59 | |||
| Information Ratio | 0.0466 | |||
| Maximum Drawdown | 15.89 | |||
| Value At Risk | (6.27) | |||
| Potential Upside | 6.33 |
Sweetgreen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sweetgreen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sweetgreen's standard deviation. In reality, there are many statistical measures that can use Sweetgreen historical prices to predict the future Sweetgreen's volatility.| Risk Adjusted Performance | 0.0611 | |||
| Jensen Alpha | 0.1002 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0523 | |||
| Treynor Ratio | 0.1349 |
Sweetgreen Backtested Returns
Sweetgreen appears to be not too volatile, given 3 months investment horizon. Sweetgreen owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0879, which indicates the firm had a 0.0879% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sweetgreen, which you can use to evaluate the volatility of the company. Please review Sweetgreen's Risk Adjusted Performance of 0.0611, coefficient of variation of 1422.12, and Semi Deviation of 3.35 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sweetgreen holds a performance score of 6. The entity has a beta of 2.02, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Sweetgreen will likely underperform. Please check Sweetgreen's potential upside, and the relationship between the total risk alpha and kurtosis , to make a quick decision on whether Sweetgreen's existing price patterns will revert.
Auto-correlation | 0.30 |
Below average predictability
Sweetgreen has below average predictability. Overlapping area represents the amount of predictability between Sweetgreen 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 Sweetgreen price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Sweetgreen price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 8.37 |
Sweetgreen lagged returns against current returns
Autocorrelation, which is Sweetgreen 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 Sweetgreen's stock expected returns. We can calculate the autocorrelation of Sweetgreen returns to help us make a trade decision. For example, suppose you find that Sweetgreen 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 |
Sweetgreen 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 Sweetgreen stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sweetgreen stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sweetgreen stock over time.
Current vs Lagged Prices |
| Timeline |
Sweetgreen Lagged Returns
When evaluating Sweetgreen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sweetgreen stock have on its future price. Sweetgreen 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, Sweetgreen autocorrelation shows the relationship between Sweetgreen stock current value and its past values and can show if there is a momentum factor associated with investing in Sweetgreen.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Sweetgreen Correlation, Sweetgreen Volatility and Sweetgreen Alpha and Beta module to complement your research on Sweetgreen. For more detail on how to invest in Sweetgreen Stock please use our How to Invest in Sweetgreen guide.You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Sweetgreen 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.