Synnex Stock Market Value
| SNX Stock | USD 117.61 1.19 1.02% |
| Symbol | Synnex |
Synnex Price To Book Ratio
Is Synnex'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 Synnex. If investors know Synnex 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 Synnex 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 0.104 | Dividend Share 1.5 | Earnings Share 6.88 | Revenue Per Share 619.975 | Quarterly Revenue Growth (0.08) |
The market value of Synnex is measured differently than its book value, which is the value of Synnex that is recorded on the company's balance sheet. Investors also form their own opinion of Synnex's value that differs from its market value or its book value, called intrinsic value, which is Synnex'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 Synnex's market value can be influenced by many factors that don't directly affect Synnex'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 Synnex's value and its price as these two are different measures arrived at by different means. Investors typically determine if Synnex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Synnex'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.
Synnex '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 Synnex'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 Synnex.
| 04/04/2024 |
| 05/04/2024 |
If you would invest 0.00 in Synnex on April 4, 2024 and sell it all today you would earn a total of 0.00 from holding Synnex or generate 0.0% return on investment in Synnex over 30 days. Synnex is related to or competes with Avnet, and Climb Global. TD SYNNEX Corporation provides business process services in the United States and internationally More
Synnex 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 Synnex'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 Synnex upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.18 | |||
| Information Ratio | 0.1302 | |||
| Maximum Drawdown | 8.98 | |||
| Value At Risk | (1.57) | |||
| Potential Upside | 1.7 |
Synnex Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Synnex's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Synnex's standard deviation. In reality, there are many statistical measures that can use Synnex historical prices to predict the future Synnex's volatility.| Risk Adjusted Performance | 0.1236 | |||
| Jensen Alpha | 0.1914 | |||
| Total Risk Alpha | 0.0977 | |||
| Sortino Ratio | 0.1539 | |||
| Treynor Ratio | 0.2916 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Synnex'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.
Synnex Backtested Returns
Synnex appears to be very steady, given 3 months investment horizon. Synnex owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.19, which indicates the firm had a 0.19% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Synnex, which you can use to evaluate the volatility of the company. Please review Synnex's Risk Adjusted Performance of 0.1236, coefficient of variation of 534.28, and Semi Deviation of 0.8888 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Synnex holds a performance score of 15. The entity has a beta of 0.86, which indicates possible diversification benefits within a given portfolio. Synnex returns are very sensitive to returns on the market. As the market goes up or down, Synnex is expected to follow. Please check Synnex's potential upside, as well as the relationship between the accumulation distribution and price action indicator , to make a quick decision on whether Synnex's existing price patterns will revert.
Auto-correlation | -0.65 |
Very good reverse predictability
Synnex has very good reverse predictability. Overlapping area represents the amount of predictability between Synnex time series from 4th of April 2024 to 19th of April 2024 and 19th of April 2024 to 4th of May 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 Synnex price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Synnex price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 2.25 |
Synnex lagged returns against current returns
Autocorrelation, which is Synnex 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 Synnex's stock expected returns. We can calculate the autocorrelation of Synnex returns to help us make a trade decision. For example, suppose you find that Synnex 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 |
Synnex 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 Synnex stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Synnex stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Synnex stock over time.
Current vs Lagged Prices |
| Timeline |
Synnex Lagged Returns
When evaluating Synnex's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Synnex stock have on its future price. Synnex 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, Synnex autocorrelation shows the relationship between Synnex stock current value and its past values and can show if there is a momentum factor associated with investing in Synnex.
Regressed Prices |
| Timeline |
Synnex Investors Sentiment
The influence of Synnex's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Synnex. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Synnex's public news can be used to forecast risks associated with an investment in Synnex. The trend in average sentiment can be used to explain how an investor holding Synnex can time the market purely based on public headlines and social activities around Synnex. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Synnex's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Synnex's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Synnex's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Synnex.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Synnex in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Synnex's short interest history, or implied volatility extrapolated from Synnex options trading.
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Check out Synnex Correlation, Synnex Volatility and Synnex Alpha and Beta module to complement your research on Synnex. For more information on how to buy Synnex Stock please use our How to Invest in Synnex guide.You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
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When running Synnex's price analysis, check to measure Synnex'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 Synnex is operating at the current time. Most of Synnex's value examination focuses on studying past and present price action to predict the probability of Synnex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Synnex's price. Additionally, you may evaluate how the addition of Synnex to your portfolios can decrease your overall portfolio volatility.
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Synnex 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.