Spartannash Co Stock Market Value
| SPTN Stock | USD 19.09 0.33 1.76% |
| Symbol | SpartanNash |
SpartanNash Price To Book Ratio
Is Consumer Staples Distribution & 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 SpartanNash. If investors know SpartanNash 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 SpartanNash listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Dividend Share 0.868 | Earnings Share 1.33 | Revenue Per Share 281.208 | Quarterly Revenue Growth (0.01) | Return On Assets 0.0362 |
The market value of SpartanNash is measured differently than its book value, which is the value of SpartanNash that is recorded on the company's balance sheet. Investors also form their own opinion of SpartanNash's value that differs from its market value or its book value, called intrinsic value, which is SpartanNash'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 SpartanNash's market value can be influenced by many factors that don't directly affect SpartanNash'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 SpartanNash's value and its price as these two are different measures arrived at by different means. Investors typically determine if SpartanNash is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SpartanNash'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.
SpartanNash '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 SpartanNash'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 SpartanNash.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in SpartanNash on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding SpartanNash Co or generate 0.0% return on investment in SpartanNash over 30 days. SpartanNash is related to or competes with Performance Food, US Foods, Calavo Growers, Andersons, Chefs Warehouse, Hf Foods, and Mission Produce. SpartanNash Company distributes and retails grocery products More
SpartanNash 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 SpartanNash'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 SpartanNash Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 16.02 | |||
| Value At Risk | (3.34) | |||
| Potential Upside | 2.26 |
SpartanNash Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SpartanNash's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SpartanNash's standard deviation. In reality, there are many statistical measures that can use SpartanNash historical prices to predict the future SpartanNash's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | (0.23) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SpartanNash'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.
SpartanNash Backtested Returns
SpartanNash owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0681, which indicates the firm had a -0.0681% return per unit of risk over the last 3 months. SpartanNash Co exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SpartanNash's Risk Adjusted Performance of (0.04), coefficient of variation of (1,502), and Variance of 4.63 to confirm the risk estimate we provide. The entity has a beta of 0.67, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, SpartanNash's returns are expected to increase less than the market. However, during the bear market, the loss of holding SpartanNash is expected to be smaller as well. At this point, SpartanNash has a negative expected return of -0.15%. Please make sure to validate SpartanNash's mean deviation, treynor ratio, as well as the relationship between the Treynor Ratio and daily balance of power , to decide if SpartanNash performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.83 |
Excellent reverse predictability
SpartanNash Co has excellent reverse predictability. Overlapping area represents the amount of predictability between SpartanNash time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 SpartanNash price movement. The serial correlation of -0.83 indicates that around 83.0% of current SpartanNash price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
SpartanNash lagged returns against current returns
Autocorrelation, which is SpartanNash 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 SpartanNash's stock expected returns. We can calculate the autocorrelation of SpartanNash returns to help us make a trade decision. For example, suppose you find that SpartanNash 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 |
SpartanNash 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 SpartanNash stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SpartanNash stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SpartanNash stock over time.
Current vs Lagged Prices |
| Timeline |
SpartanNash Lagged Returns
When evaluating SpartanNash's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SpartanNash stock have on its future price. SpartanNash 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, SpartanNash autocorrelation shows the relationship between SpartanNash stock current value and its past values and can show if there is a momentum factor associated with investing in SpartanNash Co.
Regressed Prices |
| Timeline |
Pair Trading with SpartanNash
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 SpartanNash 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 SpartanNash will appreciate offsetting losses from the drop in the long position's value.Moving against SpartanNash Stock
| 0.75 | SFM | Sprouts Farmers Market | PairCorr |
| 0.7 | NGVC | Natural Grocers by Trending | PairCorr |
| 0.68 | MO | Altria Group | PairCorr |
| 0.57 | WMK | Weis Markets | PairCorr |
| 0.56 | LW | Lamb Weston Holdings Sell-off Trend | PairCorr |
The ability to find closely correlated positions to SpartanNash could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SpartanNash 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 SpartanNash - 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 SpartanNash Co to buy it.
The correlation of SpartanNash 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 SpartanNash moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SpartanNash 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 SpartanNash 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 SpartanNash Correlation, SpartanNash Volatility and SpartanNash Alpha and Beta module to complement your research on SpartanNash. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
SpartanNash 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.