Scotts Miracle Gro Stock Market Value
| SMG Stock | USD 71.91 0.56 0.78% |
| Symbol | Scotts |
Scotts Miracle Gro Price To Book Ratio
Is Fertilizers & Agricultural Chemicals 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 Scotts Miracle. If investors know Scotts 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 Scotts Miracle 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 1.961 | Earnings Share (0.40) | Revenue Per Share | Quarterly Revenue Growth 0.107 | Return On Assets |
The market value of Scotts Miracle Gro is measured differently than its book value, which is the value of Scotts that is recorded on the company's balance sheet. Investors also form their own opinion of Scotts Miracle's value that differs from its market value or its book value, called intrinsic value, which is Scotts Miracle'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 Scotts Miracle's market value can be influenced by many factors that don't directly affect Scotts Miracle'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 Scotts Miracle's value and its price as these two are different measures arrived at by different means. Investors typically determine if Scotts Miracle is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Scotts Miracle'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.
Scotts Miracle '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 Scotts Miracle'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 Scotts Miracle.
| 09/03/2024 |
| 01/31/2025 |
If you would invest 0.00 in Scotts Miracle on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Scotts Miracle Gro or generate 0.0% return on investment in Scotts Miracle over 150 days. Scotts Miracle is related to or competes with Corteva, CF Industries, American Vanguard, Intrepid Potash, Mosaic, FMC, and Nutrien. The Scotts Miracle-Gro Company engages in the manufacture, marketing, and sale of products for lawn, garden care, and in... More
Scotts Miracle 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 Scotts Miracle'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 Scotts Miracle Gro upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 23.6 | |||
| Value At Risk | (4.81) | |||
| Potential Upside | 3.38 |
Scotts Miracle Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Scotts Miracle's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Scotts Miracle's standard deviation. In reality, there are many statistical measures that can use Scotts Miracle historical prices to predict the future Scotts Miracle's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | (0.37) |
Scotts Miracle Gro Backtested Returns
Scotts Miracle Gro owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0972, which indicates the firm had a -0.0972 % return per unit of risk over the last 3 months. Scotts Miracle Gro exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Scotts Miracle's Variance of 10.74, risk adjusted performance of (0.05), and Coefficient Of Variation of (1,457) to confirm the risk estimate we provide. The entity has a beta of 0.64, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Scotts Miracle's returns are expected to increase less than the market. However, during the bear market, the loss of holding Scotts Miracle is expected to be smaller as well. At this point, Scotts Miracle Gro has a negative expected return of -0.33%. Please make sure to validate Scotts Miracle's total risk alpha, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Scotts Miracle Gro performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.69 |
Very good reverse predictability
Scotts Miracle Gro has very good reverse predictability. Overlapping area represents the amount of predictability between Scotts Miracle time series from 3rd of September 2024 to 17th of November 2024 and 17th of November 2024 to 31st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Scotts Miracle Gro price movement. The serial correlation of -0.69 indicates that around 69.0% of current Scotts Miracle price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 16.87 |
Scotts Miracle Gro lagged returns against current returns
Autocorrelation, which is Scotts Miracle 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 Scotts Miracle's stock expected returns. We can calculate the autocorrelation of Scotts Miracle returns to help us make a trade decision. For example, suppose you find that Scotts Miracle 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 |
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Scotts Miracle 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 Scotts Miracle stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Scotts Miracle stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Scotts Miracle stock over time.
Current vs Lagged Prices |
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Scotts Miracle Lagged Returns
When evaluating Scotts Miracle's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Scotts Miracle stock have on its future price. Scotts Miracle 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, Scotts Miracle autocorrelation shows the relationship between Scotts Miracle stock current value and its past values and can show if there is a momentum factor associated with investing in Scotts Miracle Gro.
Regressed Prices |
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Currently Active Assets on Macroaxis
When determining whether Scotts Miracle Gro is a strong investment it is important to analyze Scotts Miracle's 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 Scotts Miracle's future performance. For an informed investment choice regarding Scotts Stock, refer to the following important reports:Check out Scotts Miracle Correlation, Scotts Miracle Volatility and Scotts Miracle Alpha and Beta module to complement your research on Scotts Miracle. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Scotts Miracle 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.