Smith Nephew Plc Stock Market Value
| SNNUF Stock | USD 12.57 0.01 0.08% |
| Symbol | Smith |
Smith Nephew '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 Smith Nephew's pink sheet 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 Smith Nephew.
| 02/28/2023 |
| 02/17/2025 |
If you would invest 0.00 in Smith Nephew on February 28, 2023 and sell it all today you would earn a total of 0.00 from holding Smith Nephew plc or generate 0.0% return on investment in Smith Nephew over 720 days. Smith Nephew is related to or competes with Sonova Holding, Medtronic PLC, CONMED, Glaukos Corp, Integer Holdings, Orthopediatrics Corp, and LivaNova PLC. Smith Nephew plc, together with its subsidiaries, develops, manufactures, markets, and sells medical devices worldwide More
Smith Nephew 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 Smith Nephew's pink sheet 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 Smith Nephew plc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.06 | |||
| Information Ratio | 0.027 | |||
| Maximum Drawdown | 21.57 | |||
| Value At Risk | (6.92) | |||
| Potential Upside | 7.49 |
Smith Nephew Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Smith Nephew's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Smith Nephew's standard deviation. In reality, there are many statistical measures that can use Smith Nephew historical prices to predict the future Smith Nephew's volatility.| Risk Adjusted Performance | 0.0293 | |||
| Jensen Alpha | 0.1102 | |||
| Total Risk Alpha | 0.1039 | |||
| Sortino Ratio | 0.0215 | |||
| Treynor Ratio | (9.75) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Smith Nephew'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.
Smith Nephew plc Backtested Returns
At this point, Smith Nephew is somewhat reliable. Smith Nephew plc owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0374, which indicates the firm had a 0.0374 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Smith Nephew plc, which you can use to evaluate the volatility of the company. Please validate Smith Nephew's Risk Adjusted Performance of 0.0293, coefficient of variation of 3364.6, and Semi Deviation of 3.87 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. Smith Nephew has a performance score of 2 on a scale of 0 to 100. The entity has a beta of -0.0113, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Smith Nephew are expected to decrease at a much lower rate. During the bear market, Smith Nephew is likely to outperform the market. Smith Nephew plc right now has a risk of 3.1%. Please validate Smith Nephew semi variance, and the relationship between the treynor ratio and rate of daily change , to decide if Smith Nephew will be following its existing price patterns.
Auto-correlation | 0.28 |
Poor predictability
Smith Nephew plc has poor predictability. Overlapping area represents the amount of predictability between Smith Nephew time series from 28th of February 2023 to 23rd of February 2024 and 23rd of February 2024 to 17th of February 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 Smith Nephew plc price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Smith Nephew price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 1.03 |
Smith Nephew plc lagged returns against current returns
Autocorrelation, which is Smith Nephew pink sheet'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 Smith Nephew's pink sheet expected returns. We can calculate the autocorrelation of Smith Nephew returns to help us make a trade decision. For example, suppose you find that Smith Nephew has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Smith Nephew 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 Smith Nephew pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Smith Nephew pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Smith Nephew pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Smith Nephew Lagged Returns
When evaluating Smith Nephew's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Smith Nephew pink sheet have on its future price. Smith Nephew 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, Smith Nephew autocorrelation shows the relationship between Smith Nephew pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Smith Nephew plc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Smith Pink Sheet
Smith Nephew financial ratios help investors to determine whether Smith Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Smith with respect to the benefits of owning Smith Nephew security.