Simply Stock Statistic Functions BETA

SMPL
 Stock
  

USD 38.52  0.09  0.23%   

Simply Good statistic functions tool provides the execution environment for running the BETA function and other technical functions against Simply Good. Simply Good value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of statistic functions indicators. As with most other technical indicators, the BETA function function is designed to identify and follow existing trends. Simply Good statistical functions help analysts to determine different price movement patterns based on how price series statistical indicators change over time. Please specify Time Period to run this model.

The output start index for this execution was eleven with a total number of output elements of fifty. The Beta measures systematic risk based on how returns on Simply Good correlated with the market. If Beta is less than 0 Simply Good generally moves in the opposite direction as compared to the market. If Simply Good Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Simply Good is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Simply Good is generally in the same direction as the market. If Beta > 1 Simply Good moves generally in the same direction as, but more than the movement of the benchmark.
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Simply Good Technical Analysis Modules

Most technical analysis of Simply Good 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 Simply from various momentum indicators to cycle indicators. When you analyze Simply 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.

About Simply Good 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 The Simply Good. We use our internally-developed statistical techniques to arrive at the intrinsic value of The Simply Good based on widely used predictive technical indicators. In general, we focus on analyzing Simply Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Simply Good'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 Simply Good's intrinsic value. In addition to deriving basic predictive indicators for Simply Good, we also check how macroeconomic factors affect Simply Good price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
 2010 2018 2022 (projected)
Receivables Turnover11.729.611.76
PPandE Turnover185.2772.4146.06
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Simply Good'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. Please use the tools below to analyze the current value of Simply Good in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
36.5038.8741.24
Details
Intrinsic
Valuation
LowReal ValueHigh
34.7542.7245.09
Details
Naive
Forecast
LowNext ValueHigh
36.0738.4440.82
Details
7 Analysts
Consensus
LowTarget PriceHigh
39.0042.5045.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Simply Good. Your research has to be compared to or analyzed against Simply Good's peers to derive any actionable benefits. When done correctly, Simply Good's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Simply Good.

Align your values with your investing style

In addition to having Simply Good in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Thematic Ideas
Explore Investing Ideas  

Trending Themes

If you are a self-driven investor, you will appreciate our idea-generating investing themes. Our themes help you align your investments inspirations with your core values and are essential building blocks of your portfolios. A typical investing theme is an unweighted collection of up to 20 funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of equities with common characteristics such as industry and growth potential, volatility, or market segment.
Investor Favorites
Invested over 90 shares
Macroaxis Index
Invested over 90 shares
Baby Boomer Prospects
Invested over 90 shares
Additionally, take a look at World Market Map. You can also try Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

Complementary Tools for analysis

When running Simply Good price analysis, check to measure Simply Good'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 Simply Good is operating at the current time. Most of Simply Good's value examination focuses on studying past and present price action to predict the probability of Simply Good's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Simply Good's price. Additionally, you may evaluate how the addition of Simply Good to your portfolios can decrease your overall portfolio volatility.
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Is Simply Good's industry 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 Simply Good. If investors know Simply 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 Simply Good 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 YOY
0.58
Market Capitalization
3.8 B
Quarterly Revenue Growth YOY
0.055
Return On Assets
0.0613
Return On Equity
0.0826
The market value of Simply Good is measured differently than its book value, which is the value of Simply that is recorded on the company's balance sheet. Investors also form their own opinion of Simply Good's value that differs from its market value or its book value, called intrinsic value, which is Simply Good'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 Simply Good's market value can be influenced by many factors that don't directly affect Simply Good'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 Simply Good's value and its price as these two are different measures arrived at by different means. Investors typically determine Simply Good value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Simply Good'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.