Suburban Propane Partners Stock Price on May 10, 2022
| SPH Stock | USD 19.12 0.16 0.83% |
If you're considering investing in Suburban Stock, it is important to understand the factors that can impact its price. As of today, the current price of Suburban Propane stands at 19.12, as last reported on the 23rd of May, with the highest price reaching 19.29 and the lowest price hitting 19.02 during the day. Suburban Propane Partners owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0444, which indicates the firm had a -0.0444% return per unit of risk over the last 3 months. Suburban Propane Partners exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Suburban Propane's Risk Adjusted Performance of (0.02), coefficient of variation of (2,250), and Variance of 3.73 to confirm the risk estimate we provide.
Suburban Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Suburban |
Sharpe Ratio = -0.0444
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Estimated Market Risk
| 1.93 actual daily | 17 83% of assets are more volatile |
Expected Return
| -0.09 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Suburban Propane is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Suburban Propane by adding Suburban Propane to a well-diversified portfolio.
Suburban Propane Valuation on May 10, 2022
It is possible to determine the worth of Suburban Propane on a given historical date. On May 10, 2022 Suburban was worth 16.89 at the beginning of the trading date compared to the closed value of 14.62. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Suburban Propane stock. Still, in general, we apply an absolute valuation method to find Suburban Propane's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Suburban Propane where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Suburban Propane's related companies.
| Open | High | Low | Close | Volume | |
05/10/2022 | 16.89 | 17.24 | 14.62 | 14.62 | 378,318 |
| 17.19 | 17.45 | 14.50 | 14.50 | 268,856 |
| Backtest Suburban Propane | | | Suburban Propane History | | | Suburban Propane Valuation | Next |
Suburban Propane Trading Date Momentum on May 10, 2022
The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.Suburban Propane Partners Fundamentals Correlations and Trends
By evaluating Suburban Propane's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Suburban Propane's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Suburban financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Suburban Propane Stock history
Suburban Propane investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Suburban is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Suburban Propane Partners will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Suburban Propane stock prices may prove useful in developing a viable investing in Suburban Propane
Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, fuel oil, and refined fuels. The company was founded in 1945 and is headquartered in Whippany, New Jersey. Suburban Propane operates under UtilitiesRegulated Gas classification in the United States and is traded on New York Stock Exchange. It employs 3131 people.
Suburban Propane Stock Technical Analysis
Suburban Propane 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.
Price Boundaries
Suburban Propane Period Price Range
Low | May 10, 2022
| High |
16.89 | 14.62 |
Suburban Propane May 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Suburban Propane stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Suburban Propane shares will generate the highest return on investment. By undertsting and applying Suburban Propane stock market strength indicators, traders can identify Suburban Propane Partners entry and exit signals to maximize returns
Suburban Propane Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Suburban Propane's price direction in advance. Along with the technical and fundamental analysis of Suburban Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Suburban to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (0.1) |
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Suburban Propane Partners. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as various price indices. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
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When running Suburban Propane's price analysis, check to measure Suburban Propane'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 Suburban Propane is operating at the current time. Most of Suburban Propane's value examination focuses on studying past and present price action to predict the probability of Suburban Propane's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Suburban Propane's price. Additionally, you may evaluate how the addition of Suburban Propane to your portfolios can decrease your overall portfolio volatility.
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Is Suburban Propane'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 Suburban Propane. If investors know Suburban 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 Suburban Propane listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Suburban Propane Partners is measured differently than its book value, which is the value of Suburban that is recorded on the company's balance sheet. Investors also form their own opinion of Suburban Propane's value that differs from its market value or its book value, called intrinsic value, which is Suburban Propane'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 Suburban Propane's market value can be influenced by many factors that don't directly affect Suburban Propane'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 Suburban Propane's value and its price as these two are different measures arrived at by different means. Investors typically determine if Suburban Propane is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Suburban Propane'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.