Simply Stock Market Value

SMPL
 Stock
  

USD 38.68  0.07  0.18%   

Simply Good's market value is the price at which a share of Simply Good stock trades on a public exchange. It measures the collective expectations of The Simply Good investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of The Simply Good and determine expected loss or profit from investing in Simply Good over a given investment horizon. Additionally, take a look at Simply Good Correlation, Simply Good Volatility and Simply Good Alpha and Beta module to complement your research on Simply Good.
Symbol


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.

Simply Good 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Simply Good's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Simply Good.
0.00
12/02/2021
No Change 0.00  0.0 
In 11 months and 26 days
11/27/2022
0.00
If you would invest  0.00  in Simply Good on December 2, 2021 and sell it all today you would earn a total of 0.00 from holding The Simply Good or generate 0.0% return on investment in Simply Good over 360 days. Simply Good is related to or competes with Kellogg, General Mills, Hormel Foods, and Kraft Heinz. The Simply Good Foods Company operates as a consumer-packaged food and beverage company in North America and internation... More

Simply Good Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Simply Good's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess The Simply Good upside and downside potential and time the market with a certain degree of confidence.

Simply Good Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Simply Good's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Simply Good's standard deviation. In reality, there are many statistical measures that can use Simply Good historical prices to predict the future Simply Good's volatility.
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
36.4938.8541.21
Details
Intrinsic
Valuation
LowReal ValueHigh
34.7542.7245.08
Details
Naive
Forecast
LowNext ValueHigh
36.0938.4440.80
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.

Simply Good Backtested Returns

Simply Good appears to be very steady, given 3 months investment horizon. Simply Good owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the firm had 0.15% of return per unit of risk over the last 3 months. Our standpoint towards measuring the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for The Simply Good, which you can use to evaluate the future volatility of the company. Please review Simply Good's Coefficient Of Variation of 812.99, semi deviation of 1.72, and Risk Adjusted Performance of 0.178 to confirm if our risk estimates are consistent with your expectations.
On a scale of 0 to 100, Simply Good holds a performance score of 11. The entity has a beta of 0.9991, which indicates possible diversification benefits within a given portfolio. Let's try to break down what Simply's beta means in this case. Simply Good returns are very sensitive to returns on the market. As the market goes up or down, Simply Good is expected to follow. Although it is vital to follow Simply Good current price movements, it is good to be conservative about what you can do with the information regarding equity historical returns. The philosophy towards measuring future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By inspecting Simply Good technical indicators, you can presently evaluate if the expected return of 0.36% will be sustainable into the future. Please operates Simply Good information ratio, as well as the relationship between the potential upside and kurtosis to make a quick decision on whether Simply Good existing price patterns will revert.

Auto-correlation

    
  0.24  

Weak predictability

The Simply Good has weak predictability. Overlapping area represents the amount of predictability between Simply Good time series from 2nd of December 2021 to 31st of May 2022 and 31st of May 2022 to 27th of November 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Simply Good price movement. The serial correlation of 0.24 indicates that over 24.0% of current Simply Good price fluctuation can be explain by its past prices.
Correlation Coefficient0.24
Spearman Rank Test-0.18
Residual Average0.0
Price Variance9.81

Simply Good lagged returns against current returns

Autocorrelation, which is Simply Good stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Simply Good's stock expected returns. We can calculate the autocorrelation of Simply Good returns to help us make a trade decision. For example, suppose you find that Simply Good stock has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
   Current and Lagged Values   
Share
       Timeline  

Simply Good regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Simply Good stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Simply Good stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Simply Good stock over time.
   Current vs Lagged Prices   
Share
       Timeline  

Simply Good Lagged Returns

When evaluating Simply Good's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Simply Good stock have on its future price. Simply Good autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Simply Good autocorrelation shows the relationship between Simply Good stock current value and its past values and can show if there is a momentum factor associated with investing in The Simply Good.
   Regressed Prices   
Share
       Timeline  

Be your own money manager

Our tools can tell you how much better you can do entering a position in Simply Good without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Additionally, take a look at Simply Good Correlation, Simply Good Volatility and Simply Good Alpha and Beta module to complement your research on Simply Good. You can also try Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

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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Simply Good technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Simply Good technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Simply Good trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...