Smartsheet Stock Alpha and Beta Analysis
| SMAR Stock | USD 56.47 0.01 0.02% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Smartsheet. It also helps investors analyze the systematic and unsystematic risks associated with investing in Smartsheet over a specified time horizon. Remember, high Smartsheet's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Smartsheet's market risk premium analysis include:
Beta 0.0228 | Alpha (0) | Risk 0.15 | Sharpe Ratio 0.14 | Expected Return 0.0199 |
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Smartsheet |
Smartsheet Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Smartsheet market risk premium is the additional return an investor will receive from holding Smartsheet long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Smartsheet. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Smartsheet's performance over market.| α | -0.0048 | β | 0.02 |
Smartsheet Fundamentals Vs Peers
Comparing Smartsheet's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Smartsheet's direct or indirect competition across all of the common fundamentals between Smartsheet and the related equities. This way, we can detect undervalued stocks with similar characteristics as Smartsheet or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Smartsheet's fundamental indicators could also be used in its relative valuation, which is a method of valuing Smartsheet by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Smartsheet to competition |
| Fundamentals | Smartsheet | Peer Average |
| Return On Equity | -0.0701 | -0.31 |
| Return On Asset | -0.0354 | -0.14 |
| Profit Margin | (0.04) % | (1.27) % |
| Operating Margin | (0.02) % | (5.51) % |
| Current Valuation | 7.18 B | 16.62 B |
| Shares Outstanding | 140 M | 571.82 M |
| Shares Owned By Insiders | 2.92 % | 10.09 % |
Smartsheet Opportunities
Smartsheet Return and Market Media
The Stock did not receive any noticable media coverage during the period. Price Growth (%) |
| Timeline |
About Smartsheet Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Smartsheet or other stocks. Alpha measures the amount that position in Smartsheet has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
Smartsheet Upcoming Company Events
As portrayed in its financial statements, the presentation of Smartsheet's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Smartsheet's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Smartsheet's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Smartsheet. Please utilize our Beneish M Score to check the likelihood of Smartsheet's management manipulating its earnings.
| 12th of March 2024 Upcoming Quarterly Report | View | |
| 5th of June 2024 Next Financial Report | View | |
| 31st of January 2024 Next Fiscal Quarter End | View | |
| 12th of March 2024 Next Fiscal Year End | View | |
| 31st of October 2023 Last Quarter Report | View | |
| 31st of January 2023 Last Financial Announcement | View |
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Additional Tools for Smartsheet Stock Analysis
When running Smartsheet's price analysis, check to measure Smartsheet's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Smartsheet is operating at the current time. Most of Smartsheet's value examination focuses on studying past and present price action to predict the probability of Smartsheet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Smartsheet's price. Additionally, you may evaluate how the addition of Smartsheet to your portfolios can decrease your overall portfolio volatility.