Sleep Number Corp Stock Market Value
| SNBR Stock | USD 14.85 2.36 18.90% |
| Symbol | Sleep |
Sleep Number Corp Price To Book Ratio
Is Homefurnishing 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 Sleep Number. If investors know Sleep 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 Sleep Number 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 (0.98) | Earnings Share (1.81) | Revenue Per Share 76.902 | Quarterly Revenue Growth (0.1) | Return On Assets 0.021 |
The market value of Sleep Number Corp is measured differently than its book value, which is the value of Sleep that is recorded on the company's balance sheet. Investors also form their own opinion of Sleep Number's value that differs from its market value or its book value, called intrinsic value, which is Sleep Number'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 Sleep Number's market value can be influenced by many factors that don't directly affect Sleep Number'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 Sleep Number's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sleep Number is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sleep Number'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.
Sleep Number '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 Sleep Number'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 Sleep Number.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Sleep Number on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding Sleep Number Corp or generate 0.0% return on investment in Sleep Number over 60 days. Sleep Number is related to or competes with Purple Innovation, Mohawk Industries, La Z, Leggett Platt, Bassett Furniture, Ethan Allen, and Natuzzi SpA. Sleep Number Corporation, together with its subsidiaries, offers sleep solutions and services in the United States More
Sleep Number 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 Sleep Number'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 Sleep Number Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.55 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 32.96 | |||
| Value At Risk | (7.23) | |||
| Potential Upside | 8.15 |
Sleep Number Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sleep Number's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sleep Number's standard deviation. In reality, there are many statistical measures that can use Sleep Number historical prices to predict the future Sleep Number's volatility.| Risk Adjusted Performance | 0.013 | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.81) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.008 |
Sleep Number Corp Backtested Returns
Currently, Sleep Number Corp is somewhat reliable. Sleep Number Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0292, which indicates the firm had a 0.0292% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Sleep Number Corp, which you can use to evaluate the volatility of the company. Please validate Sleep Number's Risk Adjusted Performance of 0.013, semi deviation of 4.48, and Coefficient Of Variation of 17433.0 to confirm if the risk estimate we provide is consistent with the expected return of 0.17%. Sleep Number has a performance score of 2 on a scale of 0 to 100. The entity has a beta of 2.54, 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, Sleep Number will likely underperform. Sleep Number Corp right now has a risk of 5.82%. Please validate Sleep Number potential upside, and the relationship between the total risk alpha and kurtosis , to decide if Sleep Number will be following its existing price patterns.
Auto-correlation | 0.00 |
No correlation between past and present
Sleep Number Corp has no correlation between past and present. Overlapping area represents the amount of predictability between Sleep Number time series from 27th of September 2024 to 27th of October 2024 and 27th of October 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 Sleep Number Corp price movement. The serial correlation of 0.0 indicates that just 0.0% of current Sleep Number price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 1.34 |
Sleep Number Corp lagged returns against current returns
Autocorrelation, which is Sleep Number 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 Sleep Number's stock expected returns. We can calculate the autocorrelation of Sleep Number returns to help us make a trade decision. For example, suppose you find that Sleep Number 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 |
Sleep Number 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 Sleep Number stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sleep Number stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sleep Number stock over time.
Current vs Lagged Prices |
| Timeline |
Sleep Number Lagged Returns
When evaluating Sleep Number's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sleep Number stock have on its future price. Sleep Number 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, Sleep Number autocorrelation shows the relationship between Sleep Number stock current value and its past values and can show if there is a momentum factor associated with investing in Sleep Number Corp.
Regressed Prices |
| Timeline |
Pair Trading with Sleep Number
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 Sleep Number 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 Sleep Number will appreciate offsetting losses from the drop in the long position's value.Moving together with Sleep Stock
| 0.7 | W | Wayfair Buyout Trend | PairCorr |
Moving against Sleep Stock
The ability to find closely correlated positions to Sleep Number could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sleep Number 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 Sleep Number - 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 Sleep Number Corp to buy it.
The correlation of Sleep Number 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 Sleep Number moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sleep Number Corp 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 Sleep Number 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 Sleep Stock Analysis
When running Sleep Number's price analysis, check to measure Sleep Number'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 Sleep Number is operating at the current time. Most of Sleep Number's value examination focuses on studying past and present price action to predict the probability of Sleep Number's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sleep Number's price. Additionally, you may evaluate how the addition of Sleep Number to your portfolios can decrease your overall portfolio volatility.