Sun Country Airlines Stock Probability of Future Stock Price Finishing Over 25.89
| SNCY Stock | USD 14.94 0.32 2.10% |
Sun |
Sun Country Target Price Odds to finish over 25.89
The tendency of Sun 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 move over $ 25.89 or more in 90 days |
| 14.94 | 90 days | 25.89 | near 1 |
Based on a normal probability distribution, the odds of Sun Country to move over $ 25.89 or more in 90 days from now is near 1 (This Sun Country Airlines probability density function shows the probability of Sun Stock to fall within a particular range of prices over 90 days) . Probability of Sun Country Airlines price to stay between its current price of $ 14.94 and $ 25.89 at the end of the 90-day period is about 13.16 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.24 . 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, Sun Country will likely underperform. Additionally Sun Country Airlines has an alpha of 0.3801, implying that it can generate a 0.38 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Sun Country Price Density |
| Price |
Predictive Modules for Sun Country
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sun Country Airlines. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sun Country'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.
Sun Country Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Sun Country is not an exception. The market had few large corrections towards the Sun Country's 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 Sun Country Airlines, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Sun Country within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.38 | |
β | Beta against Dow Jones | 1.24 | |
σ | Overall volatility | 1.85 | |
Ir | Information ratio | 0.11 |
Sun Country 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 Sun Country for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Sun Country Airlines can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Sun Country Airlines appears to be risky and price may revert if volatility continues | |
| Over 95.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: Sun Country Airlines Risk Shielded Business And Growth Make The Stock A Buy - Seeking Alpha |
Sun Country 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 Sun Stock often depends not only on the future outlook of the current and potential Sun Country's 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. Sun Country's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 58.5 M | |
| Cash And Short Term Investments | 187.4 M |
Sun Country Technical Analysis
Sun Country's future price can be derived by breaking down and analyzing its technical indicators over time. Sun Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Sun Country Airlines. In general, you should focus on analyzing Sun Stock price patterns and their correlations with different microeconomic environments and drivers.
Sun Country Predictive Forecast Models
Sun Country's time-series forecasting models is one of many Sun Country's 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 Sun Country's 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 Sun Country Airlines
Checking the ongoing alerts about Sun Country for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Sun Country Airlines help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Sun Country Airlines appears to be risky and price may revert if volatility continues | |
| Over 95.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: Sun Country Airlines Risk Shielded Business And Growth Make The Stock A Buy - Seeking Alpha |
Additional Tools for Sun Stock Analysis
When running Sun Country's price analysis, check to measure Sun Country'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 Sun Country is operating at the current time. Most of Sun Country's value examination focuses on studying past and present price action to predict the probability of Sun Country's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sun Country's price. Additionally, you may evaluate how the addition of Sun Country to your portfolios can decrease your overall portfolio volatility.