Stoneridge Stock Probability of Future Stock Price Finishing Under 6.62
| SRI Stock | USD 5.69 0.06 1.04% |
Stoneridge |
Stoneridge Target Price Odds to finish below 6.62
The tendency of Stoneridge 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 $ 6.62 after 90 days |
| 5.69 | 90 days | 6.62 | about 19.14 |
Based on a normal probability distribution, the odds of Stoneridge to stay under $ 6.62 after 90 days from now is about 19.14 (This Stoneridge probability density function shows the probability of Stoneridge Stock to fall within a particular range of prices over 90 days) . Probability of Stoneridge price to stay between its current price of $ 5.69 and $ 6.62 at the end of the 90-day period is about 10.39 .
Considering the 90-day investment horizon the stock has the beta coefficient of 3.1 . 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, Stoneridge will likely underperform. Additionally Stoneridge 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. Stoneridge Price Density |
| Price |
Predictive Modules for Stoneridge
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Stoneridge. 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.Stoneridge Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Stoneridge is not an exception. The market had few large corrections towards the Stoneridge'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 Stoneridge, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Stoneridge within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -1.15 | |
β | Beta against Dow Jones | 3.10 | |
σ | Overall volatility | 1.93 | |
Ir | Information ratio | -0.25 |
Stoneridge 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 Stoneridge for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Stoneridge can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Stoneridge generated a negative expected return over the last 90 days | |
| Stoneridge has high historical volatility and very poor performance | |
| The company reported the last year's revenue of 975.82 M. Reported Net Loss for the year was (5.18 M) with profit before taxes, overhead, and interest of 174.93 M. | |
| Over 98.0% of the company shares are owned by institutional investors | |
| Latest headline from kalkinemedia.com: Sipa Resources Shares Surge 14.3 percent on Acquisition of Advanced Gold Exploration Projects |
Stoneridge 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 Stoneridge Stock often depends not only on the future outlook of the current and potential Stoneridge'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. Stoneridge's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 27.4 M | |
| Cash And Short Term Investments | 40.8 M |
Stoneridge Technical Analysis
Stoneridge's future price can be derived by breaking down and analyzing its technical indicators over time. Stoneridge Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Stoneridge. In general, you should focus on analyzing Stoneridge Stock price patterns and their correlations with different microeconomic environments and drivers.
Stoneridge Predictive Forecast Models
Stoneridge's time-series forecasting models is one of many Stoneridge'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 Stoneridge'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 Stoneridge
Checking the ongoing alerts about Stoneridge for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Stoneridge help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Stoneridge generated a negative expected return over the last 90 days | |
| Stoneridge has high historical volatility and very poor performance | |
| The company reported the last year's revenue of 975.82 M. Reported Net Loss for the year was (5.18 M) with profit before taxes, overhead, and interest of 174.93 M. | |
| Over 98.0% of the company shares are owned by institutional investors | |
| Latest headline from kalkinemedia.com: Sipa Resources Shares Surge 14.3 percent on Acquisition of Advanced Gold Exploration Projects |
Check out Stoneridge Backtesting, Stoneridge Valuation, Stoneridge Correlation, Stoneridge Hype Analysis, Stoneridge Volatility, Stoneridge History as well as Stoneridge Performance. For more detail on how to invest in Stoneridge Stock please use our How to Invest in Stoneridge guide.You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Automotive Parts & Equipment space 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 Stoneridge. If investors know Stoneridge 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 Stoneridge 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 1.948 | Earnings Share (0.27) | Revenue Per Share 33.364 | Quarterly Revenue Growth (0.10) | Return On Assets 0.0116 |
The market value of Stoneridge is measured differently than its book value, which is the value of Stoneridge that is recorded on the company's balance sheet. Investors also form their own opinion of Stoneridge's value that differs from its market value or its book value, called intrinsic value, which is Stoneridge'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 Stoneridge's market value can be influenced by many factors that don't directly affect Stoneridge'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 Stoneridge's value and its price as these two are different measures arrived at by different means. Investors typically determine if Stoneridge is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Stoneridge'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.