Spirit Telecom (Australia) Probability of Future Stock Price Finishing Over 0.059
| ST1 Stock | 0.06 0.01 12.73% |
Spirit |
Spirit Telecom Target Price Odds to finish over 0.059
The tendency of Spirit 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 above 0.06 in 90 days |
| 0.06 | 90 days | 0.06 | about 7.22 |
Based on a normal probability distribution, the odds of Spirit Telecom to stay above 0.06 in 90 days from now is about 7.22 (This Spirit Telecom probability density function shows the probability of Spirit Stock to fall within a particular range of prices over 90 days) . Probability of Spirit Telecom price to stay between 0.06 and its current price of 0.062 at the end of the 90-day period is about 7.09 .
Assuming the 90 days trading horizon Spirit Telecom has a beta of -0.3. This usually implies as returns on the benchmark increase, returns on holding Spirit Telecom are expected to decrease at a much lower rate. During a bear market, however, Spirit Telecom is likely to outperform the market. Additionally Spirit Telecom has an alpha of 0.0875, implying that it can generate a 0.0875 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Spirit Telecom Price Density |
| Price |
Predictive Modules for Spirit Telecom
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Spirit Telecom. 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.Spirit Telecom Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Spirit Telecom is not an exception. The market had few large corrections towards the Spirit Telecom'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 Spirit Telecom, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Spirit Telecom within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.09 | |
β | Beta against Dow Jones | -0.3 | |
σ | Overall volatility | 0 | |
Ir | Information ratio | -0.02 |
Spirit Telecom 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 Spirit Telecom for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Spirit Telecom can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Spirit Telecom has some characteristics of a very speculative penny stock | |
| Spirit Telecom had very high historical volatility over the last 90 days | |
| Spirit Telecom has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 125.85 M. Net Loss for the year was (10.55 M) with profit before overhead, payroll, taxes, and interest of 16.67 M. | |
| Spirit Telecom generates negative cash flow from operations | |
| About 59.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Spirit Airlines Descends Into Bankruptcy Stock Is Halted - The Wall Street Journal |
Spirit Telecom 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 Spirit Stock often depends not only on the future outlook of the current and potential Spirit Telecom'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. Spirit Telecom's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 895.7 M | |
| Cash And Short Term Investments | 8.9 M |
Spirit Telecom Technical Analysis
Spirit Telecom's future price can be derived by breaking down and analyzing its technical indicators over time. Spirit Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Spirit Telecom. In general, you should focus on analyzing Spirit Stock price patterns and their correlations with different microeconomic environments and drivers.
Spirit Telecom Predictive Forecast Models
Spirit Telecom's time-series forecasting models is one of many Spirit Telecom'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 Spirit Telecom'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 Spirit Telecom
Checking the ongoing alerts about Spirit Telecom for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Spirit Telecom help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Spirit Telecom has some characteristics of a very speculative penny stock | |
| Spirit Telecom had very high historical volatility over the last 90 days | |
| Spirit Telecom has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 125.85 M. Net Loss for the year was (10.55 M) with profit before overhead, payroll, taxes, and interest of 16.67 M. | |
| Spirit Telecom generates negative cash flow from operations | |
| About 59.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Spirit Airlines Descends Into Bankruptcy Stock Is Halted - The Wall Street Journal |
Additional Tools for Spirit Stock Analysis
When running Spirit Telecom's price analysis, check to measure Spirit Telecom'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 Spirit Telecom is operating at the current time. Most of Spirit Telecom's value examination focuses on studying past and present price action to predict the probability of Spirit Telecom's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spirit Telecom's price. Additionally, you may evaluate how the addition of Spirit Telecom to your portfolios can decrease your overall portfolio volatility.