Snap-on Incorporated (Germany) Market Value
| SPU Stock | EUR 348.70 0.30 0.09% |
| Symbol | Snap-on |
Snap-on Incorporated '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 Snap-on Incorporated'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 Snap-on Incorporated.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Snap-on Incorporated on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Snap on Incorporated or generate 0.0% return on investment in Snap-on Incorporated over 360 days. Snap-on Incorporated is related to or competes with Brockhaus Capital, Darden Restaurants, Digilife Technologies, BJs Restaurants, Corporate Travel, Axcelis Technologies, and AAC TECHNOLOGHLDGADR. Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solution... More
Snap-on Incorporated 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 Snap-on Incorporated'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 Snap on Incorporated upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8848 | |||
| Information Ratio | 0.1996 | |||
| Maximum Drawdown | 11.95 | |||
| Value At Risk | (1.43) | |||
| Potential Upside | 3.56 |
Snap-on Incorporated Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Snap-on Incorporated's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Snap-on Incorporated's standard deviation. In reality, there are many statistical measures that can use Snap-on Incorporated historical prices to predict the future Snap-on Incorporated's volatility.| Risk Adjusted Performance | 0.2162 | |||
| Jensen Alpha | 0.3593 | |||
| Total Risk Alpha | 0.1871 | |||
| Sortino Ratio | 0.4105 | |||
| Treynor Ratio | 0.4763 |
Snap-on Incorporated Backtested Returns
Snap-on Incorporated appears to be very steady, given 3 months investment horizon. Snap-on Incorporated owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.27, which indicates the firm had a 0.27% return per unit of risk over the last 3 months. By inspecting Snap-on Incorporated's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please review Snap-on Incorporated's Risk Adjusted Performance of 0.2162, coefficient of variation of 363.26, and Semi Deviation of 0.2334 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Snap-on Incorporated holds a performance score of 21. The entity has a beta of 1.03, which indicates a somewhat significant risk relative to the market. Snap-on Incorporated returns are very sensitive to returns on the market. As the market goes up or down, Snap-on Incorporated is expected to follow. Please check Snap-on Incorporated's downside deviation, total risk alpha, value at risk, as well as the relationship between the information ratio and treynor ratio , to make a quick decision on whether Snap-on Incorporated's existing price patterns will revert.
Auto-correlation | -0.28 |
Weak reverse predictability
Snap on Incorporated has weak reverse predictability. Overlapping area represents the amount of predictability between Snap-on Incorporated time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st of December 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 Snap-on Incorporated price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Snap-on Incorporated price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 860.03 |
Snap-on Incorporated lagged returns against current returns
Autocorrelation, which is Snap-on Incorporated 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 Snap-on Incorporated's stock expected returns. We can calculate the autocorrelation of Snap-on Incorporated returns to help us make a trade decision. For example, suppose you find that Snap-on Incorporated 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 |
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Snap-on Incorporated 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 Snap-on Incorporated stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Snap-on Incorporated stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Snap-on Incorporated stock over time.
Current vs Lagged Prices |
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Snap-on Incorporated Lagged Returns
When evaluating Snap-on Incorporated's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Snap-on Incorporated stock have on its future price. Snap-on Incorporated 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, Snap-on Incorporated autocorrelation shows the relationship between Snap-on Incorporated stock current value and its past values and can show if there is a momentum factor associated with investing in Snap on Incorporated.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Snap-on Stock
Snap-on Incorporated financial ratios help investors to determine whether Snap-on Stock 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 Snap-on with respect to the benefits of owning Snap-on Incorporated security.