Stevanato Group Spa Stock Market Value
| STVN Stock | USD 19.92 0.27 1.37% |
| Symbol | Stevanato |
Stevanato Group SpA Price To Book Ratio
Is Health Care Equipment & Supplies 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 Stevanato Group. If investors know Stevanato 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 Stevanato Group 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 (0.21) | Dividend Share 0.053 | Earnings Share 0.45 | Revenue Per Share 4.063 | Quarterly Revenue Growth 0.024 |
The market value of Stevanato Group SpA is measured differently than its book value, which is the value of Stevanato that is recorded on the company's balance sheet. Investors also form their own opinion of Stevanato Group's value that differs from its market value or its book value, called intrinsic value, which is Stevanato Group'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 Stevanato Group's market value can be influenced by many factors that don't directly affect Stevanato Group'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 Stevanato Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Stevanato Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Stevanato Group'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.
Stevanato Group '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 Stevanato Group'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 Stevanato Group.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in Stevanato Group on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding Stevanato Group SpA or generate 0.0% return on investment in Stevanato Group over 720 days. Stevanato Group is related to or competes with Haemonetics, Merit Medical, AngioDynamics, AptarGroup, Envista Holdings, ICU Medical, and Cooper Companies,. Stevanato Group S.p.A. engages in the design, production, and distribution of products and processes to provide integrat... More
Stevanato Group 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 Stevanato Group'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 Stevanato Group SpA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.02 | |||
| Information Ratio | 0.0031 | |||
| Maximum Drawdown | 23.42 | |||
| Value At Risk | (5.83) | |||
| Potential Upside | 5.65 |
Stevanato Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Stevanato Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Stevanato Group's standard deviation. In reality, there are many statistical measures that can use Stevanato Group historical prices to predict the future Stevanato Group's volatility.| Risk Adjusted Performance | 0.0385 | |||
| Jensen Alpha | 0.0236 | |||
| Total Risk Alpha | (0.43) | |||
| Sortino Ratio | 0.0036 | |||
| Treynor Ratio | 0.1471 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Stevanato Group'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.
Stevanato Group SpA Backtested Returns
As of now, Stevanato Stock is not too volatile. Stevanato Group SpA owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0092, which indicates the firm had a 0.0092% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Stevanato Group SpA, which you can use to evaluate the volatility of the company. Please validate Stevanato Group's Risk Adjusted Performance of 0.0385, semi deviation of 2.82, and Coefficient Of Variation of 2499.32 to confirm if the risk estimate we provide is consistent with the expected return of 0.0325%. The entity has a beta of 0.9, which indicates possible diversification benefits within a given portfolio. Stevanato Group returns are very sensitive to returns on the market. As the market goes up or down, Stevanato Group is expected to follow. Stevanato Group SpA right now has a risk of 3.52%. Please validate Stevanato Group sortino ratio, as well as the relationship between the semi variance and rate of daily change , to decide if Stevanato Group will be following its existing price patterns.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
Stevanato Group SpA has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Stevanato Group time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 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 Stevanato Group SpA price movement. The serial correlation of -0.76 indicates that around 76.0% of current Stevanato Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 26.05 |
Stevanato Group SpA lagged returns against current returns
Autocorrelation, which is Stevanato Group 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 Stevanato Group's stock expected returns. We can calculate the autocorrelation of Stevanato Group returns to help us make a trade decision. For example, suppose you find that Stevanato Group 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 |
Stevanato Group 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 Stevanato Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Stevanato Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Stevanato Group stock over time.
Current vs Lagged Prices |
| Timeline |
Stevanato Group Lagged Returns
When evaluating Stevanato Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Stevanato Group stock have on its future price. Stevanato Group 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, Stevanato Group autocorrelation shows the relationship between Stevanato Group stock current value and its past values and can show if there is a momentum factor associated with investing in Stevanato Group SpA.
Regressed Prices |
| Timeline |
Pair Trading with Stevanato Group
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 Stevanato Group 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 Stevanato Group will appreciate offsetting losses from the drop in the long position's value.Moving against Stevanato Stock
The ability to find closely correlated positions to Stevanato Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Stevanato Group 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 Stevanato Group - 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 Stevanato Group SpA to buy it.
The correlation of Stevanato Group 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 Stevanato Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Stevanato Group SpA 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 Stevanato Group 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 Stevanato Group Correlation, Stevanato Group Volatility and Stevanato Group Alpha and Beta module to complement your research on Stevanato Group. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Stevanato Group 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.