Shoals Technologies Group Stock Probability of Future Stock Price Finishing Under 10.56
| SHLS Stock | USD 4.41 0.16 3.50% |
Shoals |
Shoals Technologies Target Price Odds to finish below 10.56
The tendency of Shoals Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay under $ 10.56 after 90 days |
| 4.41 | 90 days | 10.56 | close to 99 |
Based on a normal probability distribution, the odds of Shoals Technologies to stay under $ 10.56 after 90 days from now is close to 99 (This Shoals Technologies Group probability density function shows the probability of Shoals Stock to fall within a particular range of prices over 90 days) . Probability of Shoals Technologies price to stay between its current price of $ 4.41 and $ 10.56 at the end of the 90-day period is about 92.75 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.22 . This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Shoals Technologies will likely underperform. Additionally Shoals Technologies Group has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Shoals Technologies Price Density |
| Price |
Predictive Modules for Shoals Technologies
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Shoals Technologies. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Shoals Technologies Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Shoals Technologies is not an exception. The market had few large corrections towards the Shoals Technologies' value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Shoals Technologies Group, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Shoals Technologies within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.61 | |
β | Beta against Dow Jones | 1.22 | |
σ | Overall volatility | 0.59 | |
Ir | Information ratio | -0.13 |
Shoals Technologies Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Shoals Technologies for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Shoals Technologies can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Shoals Technologies generated a negative expected return over the last 90 days | |
| Shoals Technologies has high historical volatility and very poor performance | |
| Shoals Technologies has a strong financial position based on the latest SEC filings | |
| Over 97.0% of the company shares are owned by institutional investors | |
| Latest headline from simplywall.st: Investor Optimism Abounds Shoals Technologies Group, Inc. But Growth Is Lacking |
Shoals Technologies Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Shoals Stock often depends not only on the future outlook of the current and potential Shoals Technologies' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Shoals Technologies' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 164.5 M | |
| Cash And Short Term Investments | 22.7 M |
Shoals Technologies Technical Analysis
Shoals Technologies' future price can be derived by breaking down and analyzing its technical indicators over time. Shoals Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Shoals Technologies Group. In general, you should focus on analyzing Shoals Stock price patterns and their correlations with different microeconomic environments and drivers.
Shoals Technologies Predictive Forecast Models
Shoals Technologies' time-series forecasting models is one of many Shoals Technologies' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Shoals Technologies' historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Shoals Technologies
Checking the ongoing alerts about Shoals Technologies for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Shoals Technologies help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Shoals Technologies generated a negative expected return over the last 90 days | |
| Shoals Technologies has high historical volatility and very poor performance | |
| Shoals Technologies has a strong financial position based on the latest SEC filings | |
| Over 97.0% of the company shares are owned by institutional investors | |
| Latest headline from simplywall.st: Investor Optimism Abounds Shoals Technologies Group, Inc. But Growth Is Lacking |
Additional Tools for Shoals Stock Analysis
When running Shoals Technologies' price analysis, check to measure Shoals Technologies' 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 Shoals Technologies is operating at the current time. Most of Shoals Technologies' value examination focuses on studying past and present price action to predict the probability of Shoals Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shoals Technologies' price. Additionally, you may evaluate how the addition of Shoals Technologies to your portfolios can decrease your overall portfolio volatility.