Signet Jewelers Stock Market Value
| SIG Stock | USD 102.60 2.43 2.43% |
| Symbol | Signet |
Signet Jewelers Price To Book Ratio
Is Other Specialty Retail 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 Signet Jewelers. If investors know Signet 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 Signet Jewelers 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 1.138 | Dividend Share 1.04 | Earnings Share 8.67 | Revenue Per Share 154.687 | Quarterly Revenue Growth (0.08) |
The market value of Signet Jewelers is measured differently than its book value, which is the value of Signet that is recorded on the company's balance sheet. Investors also form their own opinion of Signet Jewelers' value that differs from its market value or its book value, called intrinsic value, which is Signet Jewelers' 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 Signet Jewelers' market value can be influenced by many factors that don't directly affect Signet Jewelers' 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 Signet Jewelers' value and its price as these two are different measures arrived at by different means. Investors typically determine if Signet Jewelers is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Signet Jewelers' 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.
Signet Jewelers '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 Signet Jewelers' 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 Signet Jewelers.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Signet Jewelers on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Signet Jewelers or generate 0.0% return on investment in Signet Jewelers over 270 days. Signet Jewelers is related to or competes with Tapestry, Movado, Lanvin Group, TheRealReal, Fossil, Capri Holdings, and MYT Netherlands. Signet Jewelers Limited operates as a diamond jewelry retailer More
Signet Jewelers 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 Signet Jewelers' 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 Signet Jewelers upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.21 | |||
| Information Ratio | 0.1248 | |||
| Maximum Drawdown | 19.25 | |||
| Value At Risk | (3.42) | |||
| Potential Upside | 4.34 |
Signet Jewelers Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Signet Jewelers' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Signet Jewelers' standard deviation. In reality, there are many statistical measures that can use Signet Jewelers historical prices to predict the future Signet Jewelers' volatility.| Risk Adjusted Performance | 0.1414 | |||
| Jensen Alpha | 0.2348 | |||
| Total Risk Alpha | 0.0359 | |||
| Sortino Ratio | 0.1464 | |||
| Treynor Ratio | 0.2557 |
Signet Jewelers Backtested Returns
Signet Jewelers appears to be very steady, given 3 months investment horizon. Signet Jewelers owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the firm had a 0.14% return per unit of risk over the last 3 months. We have found thirty technical indicators for Signet Jewelers, which you can use to evaluate the volatility of the company. Please review Signet Jewelers' Risk Adjusted Performance of 0.1414, semi deviation of 2.0, and Coefficient Of Variation of 570.99 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Signet Jewelers holds a performance score of 11. The entity has a beta of 1.74, 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, Signet Jewelers will likely underperform. Please check Signet Jewelers' total risk alpha, expected short fall, market facilitation index, as well as the relationship between the value at risk and daily balance of power , to make a quick decision on whether Signet Jewelers' existing price patterns will revert.
Auto-correlation | -0.09 |
Very weak reverse predictability
Signet Jewelers has very weak reverse predictability. Overlapping area represents the amount of predictability between Signet Jewelers time series from 29th of February 2024 to 13th of July 2024 and 13th of July 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 Signet Jewelers price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Signet Jewelers price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 78.92 |
Signet Jewelers lagged returns against current returns
Autocorrelation, which is Signet Jewelers 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 Signet Jewelers' stock expected returns. We can calculate the autocorrelation of Signet Jewelers returns to help us make a trade decision. For example, suppose you find that Signet Jewelers 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 |
Signet Jewelers 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 Signet Jewelers stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Signet Jewelers stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Signet Jewelers stock over time.
Current vs Lagged Prices |
| Timeline |
Signet Jewelers Lagged Returns
When evaluating Signet Jewelers' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Signet Jewelers stock have on its future price. Signet Jewelers 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, Signet Jewelers autocorrelation shows the relationship between Signet Jewelers stock current value and its past values and can show if there is a momentum factor associated with investing in Signet Jewelers.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Signet Jewelers is a strong investment it is important to analyze Signet Jewelers' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Signet Jewelers' future performance. For an informed investment choice regarding Signet Stock, refer to the following important reports:Check out Signet Jewelers Correlation, Signet Jewelers Volatility and Signet Jewelers Alpha and Beta module to complement your research on Signet Jewelers. For more detail on how to invest in Signet Stock please use our How to Invest in Signet Jewelers guide.You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Signet Jewelers 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.