Synnex Stock Market Value
| SNX Stock | USD 120.97 2.15 1.81% |
| Symbol | Synnex |
Synnex Price To Book Ratio
Is Electronic Equipment, Instruments & Components 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 Synnex. If investors know Synnex 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 Synnex 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 0.399 | Dividend Share 1.6 | Earnings Share 7.71 | Revenue Per Share 655.537 | Quarterly Revenue Growth 0.052 |
The market value of Synnex is measured differently than its book value, which is the value of Synnex that is recorded on the company's balance sheet. Investors also form their own opinion of Synnex's value that differs from its market value or its book value, called intrinsic value, which is Synnex'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 Synnex's market value can be influenced by many factors that don't directly affect Synnex'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 Synnex's value and its price as these two are different measures arrived at by different means. Investors typically determine if Synnex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Synnex'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.
Synnex '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 Synnex'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 Synnex.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Synnex on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Synnex or generate 0.0% return on investment in Synnex over 30 days. Synnex is related to or competes with Avnet, Insight Enterprises, ScanSource, PC Connection, Arrow Electronics, and Climb Global. TD SYNNEX Corporation provides business process services in the United States and internationally More
Synnex 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 Synnex'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 Synnex upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.8 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 8.22 | |||
| Value At Risk | (2.94) | |||
| Potential Upside | 1.98 |
Synnex Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Synnex's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Synnex's standard deviation. In reality, there are many statistical measures that can use Synnex historical prices to predict the future Synnex's volatility.| Risk Adjusted Performance | 0.01 | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 1.0E-4 |
Synnex Backtested Returns
Synnex owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0176, which indicates the firm had a -0.0176% return per unit of risk over the last 3 months. Synnex exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Synnex's Coefficient Of Variation of 15677.75, risk adjusted performance of 0.01, and Semi Deviation of 1.76 to confirm the risk estimate we provide. The entity has a beta of 1.45, 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, Synnex will likely underperform. At this point, Synnex has a negative expected return of -0.0279%. Please make sure to validate Synnex's potential upside, as well as the relationship between the accumulation distribution and period momentum indicator , to decide if Synnex performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.48 |
Average predictability
Synnex has average predictability. Overlapping area represents the amount of predictability between Synnex 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 Synnex price movement. The serial correlation of 0.48 indicates that about 48.0% of current Synnex price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 6.02 |
Synnex lagged returns against current returns
Autocorrelation, which is Synnex 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 Synnex's stock expected returns. We can calculate the autocorrelation of Synnex returns to help us make a trade decision. For example, suppose you find that Synnex 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 |
Synnex 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 Synnex stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Synnex stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Synnex stock over time.
Current vs Lagged Prices |
| Timeline |
Synnex Lagged Returns
When evaluating Synnex's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Synnex stock have on its future price. Synnex 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, Synnex autocorrelation shows the relationship between Synnex stock current value and its past values and can show if there is a momentum factor associated with investing in Synnex.
Regressed Prices |
| Timeline |
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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.Additional Tools for Synnex Stock Analysis
When running Synnex's price analysis, check to measure Synnex'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 Synnex is operating at the current time. Most of Synnex's value examination focuses on studying past and present price action to predict the probability of Synnex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Synnex's price. Additionally, you may evaluate how the addition of Synnex to your portfolios can decrease your overall portfolio volatility.