Stoneridge Stock Market Value
| SRI Stock | USD 5.10 0.29 5.38% |
| Symbol | Stoneridge |
Stoneridge Price To Book Ratio
Is Automotive Parts & Equipment 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 Stoneridge. If investors know Stoneridge 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 Stoneridge 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 1.948 | Earnings Share (0.27) | Revenue Per Share | Quarterly Revenue Growth (0.10) | Return On Assets |
The market value of Stoneridge is measured differently than its book value, which is the value of Stoneridge that is recorded on the company's balance sheet. Investors also form their own opinion of Stoneridge's value that differs from its market value or its book value, called intrinsic value, which is Stoneridge'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 Stoneridge's market value can be influenced by many factors that don't directly affect Stoneridge'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 Stoneridge's value and its price as these two are different measures arrived at by different means. Investors typically determine if Stoneridge is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Stoneridge'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.
Stoneridge '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 Stoneridge'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 Stoneridge.
| 10/01/2024 |
| 01/29/2025 |
If you would invest 0.00 in Stoneridge on October 1, 2024 and sell it all today you would earn a total of 0.00 from holding Stoneridge or generate 0.0% return on investment in Stoneridge over 120 days. Stoneridge is related to or competes with Monro Muffler, Motorcar Parts, Standard, Douglas Dynamics, Dorman Products, Gentex, and Fox Factory. Stoneridge, Inc., together with its subsidiaries, designs and manufactures engineered electrical and electronic componen... More
Stoneridge 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 Stoneridge'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 Stoneridge upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 30.05 | |||
| Value At Risk | (6.54) | |||
| Potential Upside | 5.26 |
Stoneridge Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Stoneridge's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Stoneridge's standard deviation. In reality, there are many statistical measures that can use Stoneridge historical prices to predict the future Stoneridge's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.85) | |||
| Total Risk Alpha | (1.21) | |||
| Treynor Ratio | (1.20) |
Stoneridge Backtested Returns
Stoneridge owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.13, which indicates the firm had a -0.13 % return per unit of risk over the last 3 months. Stoneridge exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Stoneridge's Variance of 20.95, risk adjusted performance of (0.14), and Coefficient Of Variation of (577.86) 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, Stoneridge's returns are expected to increase less than the market. However, during the bear market, the loss of holding Stoneridge is expected to be smaller as well. At this point, Stoneridge has a negative expected return of -0.46%. Please make sure to validate Stoneridge's total risk alpha, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Stoneridge performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.79 |
Good predictability
Stoneridge has good predictability. Overlapping area represents the amount of predictability between Stoneridge time series from 1st of October 2024 to 30th of November 2024 and 30th of November 2024 to 29th 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 Stoneridge price movement. The serial correlation of 0.79 indicates that around 79.0% of current Stoneridge price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
Stoneridge lagged returns against current returns
Autocorrelation, which is Stoneridge 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 Stoneridge's stock expected returns. We can calculate the autocorrelation of Stoneridge returns to help us make a trade decision. For example, suppose you find that Stoneridge 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 |
Stoneridge 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 Stoneridge stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Stoneridge stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Stoneridge stock over time.
Current vs Lagged Prices |
| Timeline |
Stoneridge Lagged Returns
When evaluating Stoneridge's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Stoneridge stock have on its future price. Stoneridge 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, Stoneridge autocorrelation shows the relationship between Stoneridge stock current value and its past values and can show if there is a momentum factor associated with investing in Stoneridge.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Stoneridge offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Stoneridge's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Stoneridge Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Stoneridge Stock:Check out Stoneridge Correlation, Stoneridge Volatility and Stoneridge Alpha and Beta module to complement your research on Stoneridge. For more detail on how to invest in Stoneridge Stock please use our How to Invest in Stoneridge guide.You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Stoneridge 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.