Sherritt International Stock Probability of Future Stock Price Finishing Over 0.17
| S Stock | CAD 0.17 0.01 5.56% |
Sherritt |
Sherritt International Target Price Odds to finish over 0.17
The tendency of Sherritt 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 above the current price in 90 days |
| 0.17 | 90 days | 0.17 | about 98.0 |
Based on a normal probability distribution, the odds of Sherritt International to move above the current price in 90 days from now is about 98.0 (This Sherritt International probability density function shows the probability of Sherritt Stock to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days Sherritt International has a beta of -0.41. This usually implies as returns on the benchmark increase, returns on holding Sherritt International are expected to decrease at a much lower rate. During a bear market, however, Sherritt International is likely to outperform the market. Additionally Sherritt International 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. Sherritt International Price Density |
| Price |
Predictive Modules for Sherritt International
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sherritt International. 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 Sherritt International'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.
Sherritt International Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Sherritt International is not an exception. The market had few large corrections towards the Sherritt International'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 Sherritt International, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Sherritt International within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.23 | |
β | Beta against Dow Jones | -0.41 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | -0.13 |
Sherritt International 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 Sherritt International for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Sherritt International can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Sherritt International generated a negative expected return over the last 90 days | |
| Sherritt International has some characteristics of a very speculative penny stock | |
| Sherritt International has high historical volatility and very poor performance | |
| Sherritt International currently holds 366.6 M in liabilities with Debt to Equity (D/E) ratio of 1.23, which is about average as compared to similar companies. Sherritt International has a current ratio of 0.43, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Sherritt International until it has trouble settling it off, either with new capital or with free cash flow. So, Sherritt International's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Sherritt International sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Sherritt to invest in growth at high rates of return. When we think about Sherritt International's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 223.3 M. Net Loss for the year was (64.3 M) with loss before overhead, payroll, taxes, and interest of (32.9 M). |
Sherritt International 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 Sherritt Stock often depends not only on the future outlook of the current and potential Sherritt International'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. Sherritt International's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 397.3 M | |
| Cash And Short Term Investments | 119.1 M |
Sherritt International Technical Analysis
Sherritt International's future price can be derived by breaking down and analyzing its technical indicators over time. Sherritt Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Sherritt International. In general, you should focus on analyzing Sherritt Stock price patterns and their correlations with different microeconomic environments and drivers.
Sherritt International Predictive Forecast Models
Sherritt International's time-series forecasting models is one of many Sherritt International'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 Sherritt International'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 Sherritt International
Checking the ongoing alerts about Sherritt International for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Sherritt International help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Sherritt International generated a negative expected return over the last 90 days | |
| Sherritt International has some characteristics of a very speculative penny stock | |
| Sherritt International has high historical volatility and very poor performance | |
| Sherritt International currently holds 366.6 M in liabilities with Debt to Equity (D/E) ratio of 1.23, which is about average as compared to similar companies. Sherritt International has a current ratio of 0.43, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Sherritt International until it has trouble settling it off, either with new capital or with free cash flow. So, Sherritt International's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Sherritt International sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Sherritt to invest in growth at high rates of return. When we think about Sherritt International's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 223.3 M. Net Loss for the year was (64.3 M) with loss before overhead, payroll, taxes, and interest of (32.9 M). |
Other Information on Investing in Sherritt Stock
Sherritt International financial ratios help investors to determine whether Sherritt Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Sherritt with respect to the benefits of owning Sherritt International security.