Similarweb Stock Market Value
| SMWB Stock | USD 12.80 0.23 1.83% |
| Symbol | SimilarWeb |
SimilarWeb 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 SimilarWeb. If investors know SimilarWeb 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 SimilarWeb listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.13) | Revenue Per Share 2.922 | Quarterly Revenue Growth 0.13 | Return On Assets (0.03) | Return On Equity (0.66) |
The market value of SimilarWeb is measured differently than its book value, which is the value of SimilarWeb that is recorded on the company's balance sheet. Investors also form their own opinion of SimilarWeb's value that differs from its market value or its book value, called intrinsic value, which is SimilarWeb'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 SimilarWeb's market value can be influenced by many factors that don't directly affect SimilarWeb'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 SimilarWeb's value and its price as these two are different measures arrived at by different means. Investors typically determine if SimilarWeb is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SimilarWeb'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.
SimilarWeb '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 SimilarWeb'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 SimilarWeb.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in SimilarWeb on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding SimilarWeb or generate 0.0% return on investment in SimilarWeb over 30 days. SimilarWeb is related to or competes with Olo, Expensify, CS Disco, Riskified, Semrush Holdings, MondayCom, and Paycor HCM. Similarweb Ltd. provides a platform for digital intelligence in the United States, Europe, Asia Pacific, the United King... More
SimilarWeb 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 SimilarWeb'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 SimilarWeb upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.55 | |||
| Information Ratio | 0.1448 | |||
| Maximum Drawdown | 19.94 | |||
| Value At Risk | (3.50) | |||
| Potential Upside | 5.21 |
SimilarWeb Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SimilarWeb's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SimilarWeb's standard deviation. In reality, there are many statistical measures that can use SimilarWeb historical prices to predict the future SimilarWeb's volatility.| Risk Adjusted Performance | 0.1499 | |||
| Jensen Alpha | 0.462 | |||
| Total Risk Alpha | 0.0801 | |||
| Sortino Ratio | 0.1308 | |||
| Treynor Ratio | 0.5717 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SimilarWeb's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
SimilarWeb Backtested Returns
SimilarWeb appears to be somewhat reliable, given 3 months investment horizon. SimilarWeb owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the firm had a 0.15% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for SimilarWeb, which you can use to evaluate the volatility of the company. Please review SimilarWeb's Coefficient Of Variation of 538.96, semi deviation of 3.06, and Risk Adjusted Performance of 0.1499 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, SimilarWeb holds a performance score of 12. The entity has a beta of 1.02, which indicates a somewhat significant risk relative to the market. SimilarWeb returns are very sensitive to returns on the market. As the market goes up or down, SimilarWeb is expected to follow. Please check SimilarWeb's treynor ratio, kurtosis, relative strength index, as well as the relationship between the downside variance and day median price , to make a quick decision on whether SimilarWeb's existing price patterns will revert.
Auto-correlation | 0.56 |
Modest predictability
SimilarWeb has modest predictability. Overlapping area represents the amount of predictability between SimilarWeb time series from 26th of October 2024 to 10th of November 2024 and 10th of November 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 SimilarWeb price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current SimilarWeb price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.53 |
SimilarWeb lagged returns against current returns
Autocorrelation, which is SimilarWeb 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 SimilarWeb's stock expected returns. We can calculate the autocorrelation of SimilarWeb returns to help us make a trade decision. For example, suppose you find that SimilarWeb 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 |
SimilarWeb 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 SimilarWeb stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SimilarWeb stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SimilarWeb stock over time.
Current vs Lagged Prices |
| Timeline |
SimilarWeb Lagged Returns
When evaluating SimilarWeb's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SimilarWeb stock have on its future price. SimilarWeb 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, SimilarWeb autocorrelation shows the relationship between SimilarWeb stock current value and its past values and can show if there is a momentum factor associated with investing in SimilarWeb.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether SimilarWeb offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of SimilarWeb's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Similarweb Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Similarweb Stock:Check out SimilarWeb Correlation, SimilarWeb Volatility and SimilarWeb Alpha and Beta module to complement your research on SimilarWeb. For information on how to trade SimilarWeb Stock refer to our How to Trade SimilarWeb Stock guide.You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
SimilarWeb 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.