Jm Smucker Stock Statistic Functions Beta
| SJM Stock | USD 113.89 1.81 1.61% |
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The output start index for this execution was twenty with a total number of output elements of fourty-one. The Beta measures systematic risk based on how returns on JM Smucker correlated with the market. If Beta is less than 0 JM Smucker generally moves in the opposite direction as compared to the market. If JM Smucker Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one JM Smucker is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of JM Smucker is generally in the same direction as the market. If Beta > 1 JM Smucker moves generally in the same direction as, but more than the movement of the benchmark.
JM Smucker Technical Analysis Modules
Most technical analysis of JM Smucker help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for SJM from various momentum indicators to cycle indicators. When you analyze SJM charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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About JM Smucker Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of JM Smucker. We use our internally-developed statistical techniques to arrive at the intrinsic value of JM Smucker based on widely used predictive technical indicators. In general, we focus on analyzing SJM Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build JM Smucker's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of JM Smucker's intrinsic value. In addition to deriving basic predictive indicators for JM Smucker, we also check how macroeconomic factors affect JM Smucker price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0283 | 0.0258 | 0.0366 | 0.0341 | Price To Sales Ratio | 1.85 | 1.96 | 1.46 | 1.09 |
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JM Smucker pair trading
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 JM Smucker 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 JM Smucker will appreciate offsetting losses from the drop in the long position's value.JM Smucker Pair Trading
JM Smucker Pair Trading Analysis
The ability to find closely correlated positions to JM Smucker could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace JM Smucker 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 JM Smucker - 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 JM Smucker to buy it.
The correlation of JM Smucker 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 JM Smucker moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if JM Smucker 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 JM Smucker 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 JM Smucker. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation. To learn how to invest in SJM Stock, please use our How to Invest in JM Smucker guide.You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Is Packaged Foods & Meats 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 JM Smucker. If investors know SJM 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 JM Smucker 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 (0.03) | Dividend Share 4.26 | Earnings Share 7.08 | Revenue Per Share 80.881 | Quarterly Revenue Growth 0.177 |
The market value of JM Smucker is measured differently than its book value, which is the value of SJM that is recorded on the company's balance sheet. Investors also form their own opinion of JM Smucker's value that differs from its market value or its book value, called intrinsic value, which is JM Smucker'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 JM Smucker's market value can be influenced by many factors that don't directly affect JM Smucker'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 JM Smucker's value and its price as these two are different measures arrived at by different means. Investors typically determine if JM Smucker is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, JM Smucker'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.