Sonoco Products Stock Market Value
| SON Stock | USD 48.29 0.11 0.23% |
| Symbol | Sonoco |
Sonoco Products Price To Book Ratio
Is Paper & Plastic Packaging Products & Materials 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 Sonoco Products. If investors know Sonoco 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 Sonoco Products 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 (0.61) | Dividend Share 2.06 | Earnings Share 2.91 | Revenue Per Share | Quarterly Revenue Growth (0.02) |
The market value of Sonoco Products is measured differently than its book value, which is the value of Sonoco that is recorded on the company's balance sheet. Investors also form their own opinion of Sonoco Products' value that differs from its market value or its book value, called intrinsic value, which is Sonoco Products' 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 Sonoco Products' market value can be influenced by many factors that don't directly affect Sonoco Products' 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 Sonoco Products' value and its price as these two are different measures arrived at by different means. Investors typically determine if Sonoco Products is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sonoco Products' 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.
Sonoco Products '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 Sonoco Products' 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 Sonoco Products.
| 12/31/2024 |
| 01/30/2025 |
If you would invest 0.00 in Sonoco Products on December 31, 2024 and sell it all today you would earn a total of 0.00 from holding Sonoco Products or generate 0.0% return on investment in Sonoco Products over 30 days. Sonoco Products is related to or competes with AptarGroup, Silgan Holdings, RPM International, Packaging Corp, and Stepan. Sonoco Products Company, together with its subsidiaries, manufactures and sells industrial and consumer packaging produc... More
Sonoco Products 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 Sonoco Products' 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 Sonoco Products upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 5.06 | |||
| Value At Risk | (2.04) | |||
| Potential Upside | 1.96 |
Sonoco Products Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sonoco Products' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sonoco Products' standard deviation. In reality, there are many statistical measures that can use Sonoco Products historical prices to predict the future Sonoco Products' volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (0.25) |
Sonoco Products Backtested Returns
Sonoco Products owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0607, which indicates the firm had a -0.0607 % return per unit of risk over the last 3 months. Sonoco Products exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sonoco Products' Risk Adjusted Performance of (0.08), coefficient of variation of (1,054), and Variance of 1.42 to confirm the risk estimate we provide. The entity has a beta of 0.5, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sonoco Products' returns are expected to increase less than the market. However, during the bear market, the loss of holding Sonoco Products is expected to be smaller as well. At this point, Sonoco Products has a negative expected return of -0.0716%. Please make sure to validate Sonoco Products' total risk alpha, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Sonoco Products performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
Sonoco Products has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Sonoco Products time series from 31st of December 2024 to 15th of January 2025 and 15th of January 2025 to 30th 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 Sonoco Products price movement. The serial correlation of -0.73 indicates that around 73.0% of current Sonoco Products price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.33 |
Sonoco Products lagged returns against current returns
Autocorrelation, which is Sonoco Products 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 Sonoco Products' stock expected returns. We can calculate the autocorrelation of Sonoco Products returns to help us make a trade decision. For example, suppose you find that Sonoco Products 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 |
Sonoco Products 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 Sonoco Products stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sonoco Products stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sonoco Products stock over time.
Current vs Lagged Prices |
| Timeline |
Sonoco Products Lagged Returns
When evaluating Sonoco Products' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sonoco Products stock have on its future price. Sonoco Products 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, Sonoco Products autocorrelation shows the relationship between Sonoco Products stock current value and its past values and can show if there is a momentum factor associated with investing in Sonoco Products.
Regressed Prices |
| Timeline |
Pair Trading with Sonoco Products
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 Sonoco Products 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 Sonoco Products will appreciate offsetting losses from the drop in the long position's value.Moving together with Sonoco Stock
| 0.65 | OI | O I Glass Earnings Call This Week | PairCorr |
| 0.82 | AVY | Avery Dennison Corp Downward Rally | PairCorr |
| 0.76 | CCK | Crown Holdings Earnings Call This Week | PairCorr |
Moving against Sonoco Stock
The ability to find closely correlated positions to Sonoco Products could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sonoco Products 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 Sonoco Products - 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 Sonoco Products to buy it.
The correlation of Sonoco Products 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 Sonoco Products moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sonoco Products 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 Sonoco Products 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.Check out Sonoco Products Correlation, Sonoco Products Volatility and Sonoco Products Alpha and Beta module to complement your research on Sonoco Products. To learn how to invest in Sonoco Stock, please use our How to Invest in Sonoco Products guide.You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Sonoco Products 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.