Smartrent Stock Market Value
| SMRT Stock | USD 1.58 0.02 1.25% |
| Symbol | SmartRent |
SmartRent 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 SmartRent. If investors know SmartRent 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 SmartRent listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.12) | Revenue Per Share | Quarterly Revenue Growth (0.30) | Return On Assets | Return On Equity |
The market value of SmartRent is measured differently than its book value, which is the value of SmartRent that is recorded on the company's balance sheet. Investors also form their own opinion of SmartRent's value that differs from its market value or its book value, called intrinsic value, which is SmartRent'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 SmartRent's market value can be influenced by many factors that don't directly affect SmartRent'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 SmartRent's value and its price as these two are different measures arrived at by different means. Investors typically determine if SmartRent is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SmartRent'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.
SmartRent '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 SmartRent'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 SmartRent.
| 12/20/2024 |
| 01/19/2025 |
If you would invest 0.00 in SmartRent on December 20, 2024 and sell it all today you would earn a total of 0.00 from holding SmartRent or generate 0.0% return on investment in SmartRent over 30 days. SmartRent is related to or competes with Enfusion, E2open Parent, Hitek Global, ON24, Paycor HCM, Clearwater Analytics, and Expensify. SmartRent, Inc., an enterprise software company, provides an integrated smart home operating system to residential prope... More
SmartRent 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 SmartRent'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 SmartRent upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 23.89 | |||
| Value At Risk | (5.88) | |||
| Potential Upside | 5.95 |
SmartRent Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SmartRent's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SmartRent's standard deviation. In reality, there are many statistical measures that can use SmartRent historical prices to predict the future SmartRent's volatility.| Risk Adjusted Performance | 0.006 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.10) | |||
| Treynor Ratio | (0.03) |
SmartRent Backtested Returns
SmartRent owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0224, which indicates the firm had a -0.0224% return per unit of risk over the last 3 months. SmartRent exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SmartRent's Variance of 13.73, risk adjusted performance of 0.006, and Coefficient Of Variation of (48,315) to confirm the risk estimate we provide. The entity has a beta of 0.67, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, SmartRent's returns are expected to increase less than the market. However, during the bear market, the loss of holding SmartRent is expected to be smaller as well. At this point, SmartRent has a negative expected return of -0.0851%. Please make sure to validate SmartRent's maximum drawdown, as well as the relationship between the daily balance of power and period momentum indicator , to decide if SmartRent performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.6 |
Good reverse predictability
SmartRent has good reverse predictability. Overlapping area represents the amount of predictability between SmartRent time series from 20th of December 2024 to 4th of January 2025 and 4th of January 2025 to 19th 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 SmartRent price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current SmartRent price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
SmartRent lagged returns against current returns
Autocorrelation, which is SmartRent 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 SmartRent's stock expected returns. We can calculate the autocorrelation of SmartRent returns to help us make a trade decision. For example, suppose you find that SmartRent 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 |
SmartRent 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 SmartRent stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SmartRent stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SmartRent stock over time.
Current vs Lagged Prices |
| Timeline |
SmartRent Lagged Returns
When evaluating SmartRent's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SmartRent stock have on its future price. SmartRent 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, SmartRent autocorrelation shows the relationship between SmartRent stock current value and its past values and can show if there is a momentum factor associated with investing in SmartRent.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for SmartRent Stock Analysis
When running SmartRent's price analysis, check to measure SmartRent'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 SmartRent is operating at the current time. Most of SmartRent's value examination focuses on studying past and present price action to predict the probability of SmartRent's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SmartRent's price. Additionally, you may evaluate how the addition of SmartRent to your portfolios can decrease your overall portfolio volatility.