Sba Communications Corp Stock Market Value

SBAC Stock  USD 218.57  0.49  0.22%   
SBA Communications' market value is the price at which a share of SBA Communications trades on a public exchange. It measures the collective expectations of SBA Communications Corp investors about its performance. SBA Communications is trading at 218.57 as of the 28th of March 2024, a 0.22% increase since the beginning of the trading day. The stock's open price was 218.08.
With this module, you can estimate the performance of a buy and hold strategy of SBA Communications Corp and determine expected loss or profit from investing in SBA Communications over a given investment horizon. Check out SBA Communications Correlation, SBA Communications Volatility and SBA Communications Alpha and Beta module to complement your research on SBA Communications.
Symbol

SBA Communications Corp Price To Book Ratio

Is SBA Communications' 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 SBA Communications. If investors know SBA 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 SBA Communications 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
0.063
Dividend Share
3.4
Earnings Share
4.61
Revenue Per Share
25.06
Quarterly Revenue Growth
(0.02)
The market value of SBA Communications Corp is measured differently than its book value, which is the value of SBA that is recorded on the company's balance sheet. Investors also form their own opinion of SBA Communications' value that differs from its market value or its book value, called intrinsic value, which is SBA Communications' 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 SBA Communications' market value can be influenced by many factors that don't directly affect SBA Communications' 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 SBA Communications' value and its price as these two are different measures arrived at by different means. Investors typically determine if SBA Communications is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SBA Communications' 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.

SBA Communications '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 SBA Communications' 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 SBA Communications.
0.00
02/27/2024
No Change 0.00  0.0 
In 31 days
03/28/2024
0.00
If you would invest  0.00  in SBA Communications on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding SBA Communications Corp or generate 0.0% return on investment in SBA Communications over 30 days. SBA Communications is related to or competes with Willamette Valley, Westrock Coffee, Biglari Holdings, GEN Restaurant, Dominos Pizza, and BJs Restaurants. SBA Communications Corporation is a first choice provider and leading owner and operator of wireless communications infr... More

SBA Communications 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 SBA Communications' 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 SBA Communications Corp upside and downside potential and time the market with a certain degree of confidence.

SBA Communications Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for SBA Communications' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SBA Communications' standard deviation. In reality, there are many statistical measures that can use SBA Communications historical prices to predict the future SBA Communications' volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SBA Communications' 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.
Hype
Prediction
LowEstimatedHigh
216.80218.37219.94
Details
Intrinsic
Valuation
LowRealHigh
196.71235.70237.27
Details
Naive
Forecast
LowNextHigh
208.82210.40211.97
Details
16 Analysts
Consensus
LowTargetHigh
226.53248.93276.31
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as SBA Communications. Your research has to be compared to or analyzed against SBA Communications' peers to derive any actionable benefits. When done correctly, SBA Communications' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in SBA Communications Corp.

SBA Communications Corp Backtested Returns

SBA Communications Corp retains Efficiency (Sharpe Ratio) of -0.14, which indicates the company had a -0.14% return per unit of risk over the last 3 months. SBA Communications exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SBA Communications' Information Ratio of (0.22), market risk adjusted performance of (0.17), and Coefficient Of Variation of (767.48) to confirm the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 1.17, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, SBA Communications will likely underperform. SBA Communications Corp has an expected return of -0.22%. Please make sure to validate SBA Communications Corp treynor ratio, kurtosis, and the relationship between the jensen alpha and potential upside , to decide if SBA Communications Corp performance from the past will be repeated in the future.

Auto-correlation

    
  -0.04  

Very weak reverse predictability

SBA Communications Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between SBA Communications time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of SBA Communications Corp price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current SBA Communications price fluctuation can be explain by its past prices.
Correlation Coefficient-0.04
Spearman Rank Test0.16
Residual Average0.0
Price Variance3.61

SBA Communications Corp lagged returns against current returns

Autocorrelation, which is SBA Communications 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 SBA Communications' stock expected returns. We can calculate the autocorrelation of SBA Communications returns to help us make a trade decision. For example, suppose you find that SBA Communications 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 price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

SBA Communications 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 SBA Communications stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SBA Communications stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SBA Communications stock over time.
   Current vs Lagged Prices   
       Timeline  

SBA Communications Lagged Returns

When evaluating SBA Communications' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SBA Communications stock have on its future price. SBA Communications 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, SBA Communications autocorrelation shows the relationship between SBA Communications stock current value and its past values and can show if there is a momentum factor associated with investing in SBA Communications Corp.
   Regressed Prices   
       Timeline  

Currently Active Assets on Macroaxis

When determining whether SBA Communications Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of SBA Communications' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Sba Communications Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Sba Communications Corp Stock:
Check out SBA Communications Correlation, SBA Communications Volatility and SBA Communications Alpha and Beta module to complement your research on SBA Communications.
Note that the SBA Communications Corp information on this page should be used as a complementary analysis to other SBA Communications' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

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When running SBA Communications' price analysis, check to measure SBA Communications' 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 SBA Communications is operating at the current time. Most of SBA Communications' value examination focuses on studying past and present price action to predict the probability of SBA Communications' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SBA Communications' price. Additionally, you may evaluate how the addition of SBA Communications to your portfolios can decrease your overall portfolio volatility.
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SBA Communications 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 SBA Communications technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of SBA Communications 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...