Simply Better Brands Stock Probability of Future Stock Price Finishing Over 0.3
| SBBC Stock | CAD 1.02 0.07 7.37% |
Simply |
Simply Better Target Price Odds to finish over 0.3
The tendency of Simply 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 C$ 0.30 in 90 days |
| 1.02 | 90 days | 0.30 | close to 99 |
Based on a normal probability distribution, the odds of Simply Better to stay above C$ 0.30 in 90 days from now is close to 99 (This Simply Better Brands probability density function shows the probability of Simply Stock to fall within a particular range of prices over 90 days) . Probability of Simply Better Brands price to stay between C$ 0.30 and its current price of C$1.02 at the end of the 90-day period is close to 99 .
Assuming the 90 days trading horizon Simply Better has a beta of 0.94. This usually implies Simply Better Brands market returns are correlated to returns on the market. As the market goes up or down, Simply Better is expected to follow. Additionally Simply Better Brands has an alpha of 0.7875, implying that it can generate a 0.79 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Simply Better Price Density |
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Predictive Modules for Simply Better
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Simply Better Brands. 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 Simply Better'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.
Simply Better Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Simply Better is not an exception. The market had few large corrections towards the Simply Better'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 Simply Better Brands, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Simply Better within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.79 | |
β | Beta against Dow Jones | 0.94 | |
σ | Overall volatility | 0.11 | |
Ir | Information ratio | 0.16 |
Simply Better 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 Simply Better for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Simply Better Brands can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Simply Better Brands has some characteristics of a very speculative penny stock | |
| Simply Better Brands appears to be risky and price may revert if volatility continues | |
| The company reported the revenue of 79.86 M. Net Loss for the year was (24.25 M) with profit before overhead, payroll, taxes, and interest of 44.41 M. | |
| Simply Better Brands has accumulated about 6.4 M in cash with (3.36 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.3. | |
| Roughly 21.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Simply Better Brands Corp Q3 2024 Earnings Call Highlights Record Revenue Growth and ... By GuruFocus - Investing.com Canada |
Simply Better 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 Simply Stock often depends not only on the future outlook of the current and potential Simply Better'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. Simply Better's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 72.4 M |
Simply Better Technical Analysis
Simply Better's future price can be derived by breaking down and analyzing its technical indicators over time. Simply Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Simply Better Brands. In general, you should focus on analyzing Simply Stock price patterns and their correlations with different microeconomic environments and drivers.
Simply Better Predictive Forecast Models
Simply Better's time-series forecasting models is one of many Simply Better'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 Simply Better'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 Simply Better Brands
Checking the ongoing alerts about Simply Better for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Simply Better Brands help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Simply Better Brands has some characteristics of a very speculative penny stock | |
| Simply Better Brands appears to be risky and price may revert if volatility continues | |
| The company reported the revenue of 79.86 M. Net Loss for the year was (24.25 M) with profit before overhead, payroll, taxes, and interest of 44.41 M. | |
| Simply Better Brands has accumulated about 6.4 M in cash with (3.36 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.3. | |
| Roughly 21.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Simply Better Brands Corp Q3 2024 Earnings Call Highlights Record Revenue Growth and ... By GuruFocus - Investing.com Canada |
Additional Tools for Simply Stock Analysis
When running Simply Better's price analysis, check to measure Simply Better'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 Simply Better is operating at the current time. Most of Simply Better's value examination focuses on studying past and present price action to predict the probability of Simply Better's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Simply Better's price. Additionally, you may evaluate how the addition of Simply Better to your portfolios can decrease your overall portfolio volatility.