Smart Global Holdings Performance
| SGHDelisted Stock | USD 20.41 0.36 1.80% |
The entity has a beta of -1.21, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Smart Global are expected to decrease by larger amounts. On the other hand, during market turmoil, Smart Global is expected to outperform it. Smart Global Holdings right now has a risk of 2.67%. Please validate Smart Global potential upside, and the relationship between the total risk alpha and daily balance of power , to decide if Smart Global will be following its existing price patterns.
Risk-Adjusted Performance
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Over the last 90 days Smart Global Holdings has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fairly strong technical and fundamental indicators, Smart Global is not utilizing all of its potentials. The recent stock price confusion, may contribute to short-horizon losses for the traders. ...more
| Begin Period Cash Flow | 363.1 M | |
| Total Cashflows From Investing Activities | -298.6 M |
Smart |
Smart Global Relative Risk vs. Return Landscape
If you would invest 2,055 in Smart Global Holdings on August 24, 2024 and sell it today you would lose (14.00) from holding Smart Global Holdings or give up 0.68% of portfolio value over 90 days. Smart Global Holdings is generating 0.0164% of daily returns assuming volatility of 2.6657% on return distribution over 90 days investment horizon. In other words, 23% of stocks are less volatile than Smart, and above 99% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
Smart Global Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Smart Global's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Smart Global Holdings, and traders can use it to determine the average amount a Smart Global's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0062
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | SGH |
Estimated Market Risk
| 2.67 actual daily | 23 77% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Smart Global is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Smart Global by adding Smart Global to a well-diversified portfolio.
Smart Global Fundamentals Growth
Smart Stock prices reflect investors' perceptions of the future prospects and financial health of Smart Global, and Smart Global fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Smart Stock performance.
| Return On Equity | 0.13 | |||
| Return On Asset | 0.0144 | |||
| Profit Margin | (0.14) % | |||
| Operating Margin | 0.04 % | |||
| Current Valuation | 1.38 B | |||
| Shares Outstanding | 52.91 M | |||
| Price To Earning | 25.86 X | |||
| Price To Book | 2.59 X | |||
| Price To Sales | 0.93 X | |||
| Revenue | 1.44 B | |||
| EBITDA | 116.63 M | |||
| Cash And Equivalents | 363.06 M | |||
| Cash Per Share | 7.47 X | |||
| Total Debt | 856.85 M | |||
| Debt To Equity | 1.78 % | |||
| Book Value Per Share | 8.01 X | |||
| Cash Flow From Operations | 63.68 M | |||
| Earnings Per Share | 0.93 X | |||
| Total Asset | 1.51 B | |||
| Retained Earnings | 82.46 M | |||
About Smart Global Performance
By evaluating Smart Global's fundamental ratios, stakeholders can gain valuable insights into Smart Global's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Smart Global has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Smart Global has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
SMART Global Holdings, Inc. designs and manufactures specialty solutions for the computing, memory, and LED markets in the United States, Brazil, China, Europe, and internationally. SMART Global Holdings, Inc. was founded in 1988 and is headquartered in Milpitas, California. Smart Global operates under Semiconductors classification in the United States and is traded on NASDAQ Exchange. It employs 3600 people.Things to note about Smart Global Holdings performance evaluation
Checking the ongoing alerts about Smart Global for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Smart Global Holdings help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Smart Global is now traded under the symbol PENG. Please update your portfolios or report it if you believe this is an error. Report It! | |
| Smart Global is not yet fully synchronised with the market data | |
| Smart Global has a very high chance of going through financial distress in the upcoming years | |
| Over 98.0% of the company shares are owned by institutional investors |
- Analyzing Smart Global's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Smart Global's stock is overvalued or undervalued compared to its peers.
- Examining Smart Global's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Smart Global's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Smart Global's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Smart Global's stock. These opinions can provide insight into Smart Global's potential for growth and whether the stock is currently undervalued or overvalued.
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Other Consideration for investing in Smart Stock
If you are still planning to invest in Smart Global Holdings check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Smart Global's history and understand the potential risks before investing.
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