Scansource Stock Market Value

SCSC Stock  USD 43.73  0.97  2.27%   
ScanSource's market value is the price at which a share of ScanSource trades on a public exchange. It measures the collective expectations of ScanSource investors about its performance. ScanSource is trading at 43.73 as of the 28th of March 2024, a 2.27 percent increase since the beginning of the trading day. The stock's open price was 42.76.
With this module, you can estimate the performance of a buy and hold strategy of ScanSource and determine expected loss or profit from investing in ScanSource over a given investment horizon. Check out ScanSource Correlation, ScanSource Volatility and ScanSource Alpha and Beta module to complement your research on ScanSource.
For information on how to trade ScanSource Stock refer to our How to Trade ScanSource Stock guide.
Symbol

ScanSource Price To Book Ratio

Is ScanSource'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 ScanSource. If investors know ScanSource 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 ScanSource 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
0.277
Earnings Share
3.42
Revenue Per Share
143.748
Quarterly Revenue Growth
(0.12)
Return On Assets
0.0364
The market value of ScanSource is measured differently than its book value, which is the value of ScanSource that is recorded on the company's balance sheet. Investors also form their own opinion of ScanSource's value that differs from its market value or its book value, called intrinsic value, which is ScanSource'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 ScanSource's market value can be influenced by many factors that don't directly affect ScanSource'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 ScanSource's value and its price as these two are different measures arrived at by different means. Investors typically determine if ScanSource is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ScanSource'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.

ScanSource '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 ScanSource'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 ScanSource.
0.00
02/27/2024
No Change 0.00  0.0 
In 30 days
03/28/2024
0.00
If you would invest  0.00  in ScanSource on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding ScanSource or generate 0.0% return on investment in ScanSource over 30 days. ScanSource is related to or competes with Insight Enterprises, Snap One, Climb Global, and PC Connection. ScanSource, Inc. distributes technology products and solutions in the United States, Canada, and internationally More

ScanSource 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 ScanSource'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 ScanSource upside and downside potential and time the market with a certain degree of confidence.

ScanSource Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for ScanSource's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ScanSource's standard deviation. In reality, there are many statistical measures that can use ScanSource historical prices to predict the future ScanSource's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ScanSource'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.
Hype
Prediction
LowEstimatedHigh
41.7243.6645.60
Details
Intrinsic
Valuation
LowRealHigh
39.1041.0348.10
Details
Naive
Forecast
LowNextHigh
40.9442.8844.82
Details
3 Analysts
Consensus
LowTargetHigh
36.4040.0044.40
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as ScanSource. Your research has to be compared to or analyzed against ScanSource's peers to derive any actionable benefits. When done correctly, ScanSource's 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 ScanSource.

ScanSource Backtested Returns

We consider ScanSource very steady. ScanSource owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0927, which indicates the firm had a 0.0927% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for ScanSource, which you can use to evaluate the volatility of the company. Please validate ScanSource's Semi Deviation of 1.56, risk adjusted performance of 0.0621, and Coefficient Of Variation of 1009.8 to confirm if the risk estimate we provide is consistent with the expected return of 0.18%. ScanSource has a performance score of 7 on a scale of 0 to 100. The entity has a beta of 1.75, 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, ScanSource will likely underperform. ScanSource right now has a risk of 1.95%. Please validate ScanSource downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to decide if ScanSource will be following its existing price patterns.

Auto-correlation

    
  -0.06  

Very weak reverse predictability

ScanSource has very weak reverse predictability. Overlapping area represents the amount of predictability between ScanSource 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 ScanSource price movement. The serial correlation of -0.06 indicates that barely 6.0% of current ScanSource price fluctuation can be explain by its past prices.
Correlation Coefficient-0.06
Spearman Rank Test0.47
Residual Average0.0
Price Variance0.3

ScanSource lagged returns against current returns

Autocorrelation, which is ScanSource 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 ScanSource's stock expected returns. We can calculate the autocorrelation of ScanSource returns to help us make a trade decision. For example, suppose you find that ScanSource 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  

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

ScanSource Lagged Returns

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

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 ScanSource 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, ScanSource's short interest history, or implied volatility extrapolated from ScanSource options trading.

Currently Active Assets on Macroaxis

When determining whether ScanSource offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ScanSource's 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 Scansource Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Scansource Stock:
Check out ScanSource Correlation, ScanSource Volatility and ScanSource Alpha and Beta module to complement your research on ScanSource.
For information on how to trade ScanSource Stock refer to our How to Trade ScanSource Stock guide.
You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.

Complementary Tools for ScanSource Stock analysis

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