SpartanNash Historical Valuation
| SPTN Stock | USD 18.58 0.41 2.26% |
Some fundamental drivers such as market cap or SpartanNash enterprice value can be analyzed from historical perspective to project value of the company into the future. Some investors analyze SpartanNash valuation indicators such as to time the market or to short-sell their positions based on the trend in valuation ratios. It is a perfect tool to project the direction of SpartanNash's future value.
SpartanNash |
About SpartanNash Valuation Data Analysis
Valuation is the financial process of determining what SpartanNash is worth. SpartanNash valuation ratios put that insight into the context of a company's share price, where they serve as useful tools for evaluating and utilizing investment potential. SpartanNash valuation ratios help investors to determine whether SpartanNash 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 SpartanNash with respect to the benefits of owning SpartanNash security.
SpartanNash Valuation Data Chart
Enterprise Value
Enterprise Value (or EV) is usually referred to as SpartanNash theoretical takeover price. In the event of an acquisition, an acquirer would have to take on SpartanNash debt, but would also pocket its cash. Enterprise Value is more accurate representation of SpartanNash value than its market capitalization because it takes into account all of SpartanNash Co existing debt. A measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization that includes the market capitalization, plus total debt, minority interest and preferred shares, minus total cash and cash equivalents.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
| 0.74 | SFM | Sprouts Farmers Market | PairCorr |
| 0.71 | NGVC | Natural Grocers by | PairCorr |
| 0.66 | MO | Altria Group | PairCorr |
| 0.55 | WMK | Weis Markets | PairCorr |
| 0.54 | LW | Lamb Weston Holdings | 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 World Market Map to better understand how to build diversified portfolios, which includes a position in SpartanNash Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
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.