Smartsheet Stock Market Value
| SMAR Stock | USD 56.07 0.08 0.14% |
| Symbol | Smartsheet |
Smartsheet Price To Book Ratio
Is Application Software 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 Smartsheet. If investors know Smartsheet 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 Smartsheet listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.32) | Revenue Per Share 7.615 | Quarterly Revenue Growth 0.173 | Return On Assets (0.04) | Return On Equity (0.07) |
The market value of Smartsheet is measured differently than its book value, which is the value of Smartsheet that is recorded on the company's balance sheet. Investors also form their own opinion of Smartsheet's value that differs from its market value or its book value, called intrinsic value, which is Smartsheet'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 Smartsheet's market value can be influenced by many factors that don't directly affect Smartsheet'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 Smartsheet's value and its price as these two are different measures arrived at by different means. Investors typically determine if Smartsheet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Smartsheet'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.
Smartsheet '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 Smartsheet'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 Smartsheet.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Smartsheet on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Smartsheet or generate 0.0% return on investment in Smartsheet over 30 days. Smartsheet is related to or competes with Datadog, MondayCom, HubSpot, Cadence Design, Pagerduty, Gitlab, and Dynatrace Holdings. Smartsheet Inc. provides cloud-based enterprise platform to plan, capture, manage, automate, and report on work for team... More
Smartsheet 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 Smartsheet'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 Smartsheet upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8791 | |||
| Information Ratio | 0.045 | |||
| Maximum Drawdown | 8.19 | |||
| Value At Risk | (1.75) | |||
| Potential Upside | 3.28 |
Smartsheet Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Smartsheet's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Smartsheet's standard deviation. In reality, there are many statistical measures that can use Smartsheet historical prices to predict the future Smartsheet's volatility.| Risk Adjusted Performance | 0.1077 | |||
| Jensen Alpha | 0.1827 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0733 | |||
| Treynor Ratio | 65.38 |
Smartsheet Backtested Returns
Smartsheet appears to be very steady, given 3 months investment horizon. Smartsheet owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the firm had a 0.17% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Smartsheet, which you can use to evaluate the volatility of the company. Please review Smartsheet's Semi Deviation of 0.5419, risk adjusted performance of 0.1077, and Coefficient Of Variation of 741.93 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Smartsheet holds a performance score of 13. The entity has a beta of 0.0028, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Smartsheet's returns are expected to increase less than the market. However, during the bear market, the loss of holding Smartsheet is expected to be smaller as well. Please check Smartsheet's value at risk, and the relationship between the jensen alpha and skewness , to make a quick decision on whether Smartsheet's existing price patterns will revert.
Auto-correlation | -0.41 |
Modest reverse predictability
Smartsheet has modest reverse predictability. Overlapping area represents the amount of predictability between Smartsheet time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Smartsheet price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Smartsheet price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Smartsheet lagged returns against current returns
Autocorrelation, which is Smartsheet 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 Smartsheet's stock expected returns. We can calculate the autocorrelation of Smartsheet returns to help us make a trade decision. For example, suppose you find that Smartsheet 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 |
Smartsheet 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 Smartsheet stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Smartsheet stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Smartsheet stock over time.
Current vs Lagged Prices |
| Timeline |
Smartsheet Lagged Returns
When evaluating Smartsheet's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Smartsheet stock have on its future price. Smartsheet 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, Smartsheet autocorrelation shows the relationship between Smartsheet stock current value and its past values and can show if there is a momentum factor associated with investing in Smartsheet.
Regressed Prices |
| Timeline |
Pair Trading with Smartsheet
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Smartsheet position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Smartsheet will appreciate offsetting losses from the drop in the long position's value.Moving together with Smartsheet Stock
| 0.72 | U | Unity Software Trending | PairCorr |
| 0.79 | BL | Blackline | PairCorr |
| 0.85 | DT | Dynatrace Holdings LLC Sell-off Trend | PairCorr |
Moving against Smartsheet Stock
| 0.73 | VERB | VERB TECHNOLOGY PANY Trending | PairCorr |
| 0.71 | EGAN | eGain | PairCorr |
| 0.7 | VCSA | Vacasa Inc | PairCorr |
| 0.59 | DMAN | Innovativ Media Group | PairCorr |
The ability to find closely correlated positions to Smartsheet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Smartsheet when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Smartsheet - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Smartsheet to buy it.
The correlation of Smartsheet is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Smartsheet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Smartsheet moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Smartsheet can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Smartsheet Stock Analysis
When running Smartsheet's price analysis, check to measure Smartsheet'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 Smartsheet is operating at the current time. Most of Smartsheet's value examination focuses on studying past and present price action to predict the probability of Smartsheet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Smartsheet's price. Additionally, you may evaluate how the addition of Smartsheet to your portfolios can decrease your overall portfolio volatility.