Shoe Carnival Stock Probability of Future Stock Price Finishing Over 38.01
| SCVL Stock | USD 33.76 0.15 0.45% |
Shoe |
Shoe Carnival Target Price Odds to finish over 38.01
The tendency of Shoe 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 $ 38.01 or more in 90 days |
| 33.76 | 90 days | 38.01 | about 59.1 |
Based on a normal probability distribution, the odds of Shoe Carnival to move over $ 38.01 or more in 90 days from now is about 59.1 (This Shoe Carnival probability density function shows the probability of Shoe Stock to fall within a particular range of prices over 90 days) . Probability of Shoe Carnival price to stay between its current price of $ 33.76 and $ 38.01 at the end of the 90-day period is about 34.0 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.98 . 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, Shoe Carnival will likely underperform. Additionally Shoe Carnival 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. Shoe Carnival Price Density |
| Price |
Predictive Modules for Shoe Carnival
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Shoe Carnival. 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 Shoe Carnival'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.
Shoe Carnival Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Shoe Carnival is not an exception. The market had few large corrections towards the Shoe Carnival'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 Shoe Carnival, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Shoe Carnival within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.57 | |
β | Beta against Dow Jones | 1.98 | |
σ | Overall volatility | 3.39 | |
Ir | Information ratio | -0.16 |
Shoe Carnival 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 Shoe Carnival for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Shoe Carnival can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Shoe Carnival generated a negative expected return over the last 90 days | |
| Shoe Carnival has a poor financial position based on the latest SEC disclosures | |
| About 72.0% of the company shares are owned by institutional investors | |
| On 21st of October 2024 Shoe Carnival paid $ 0.135 per share dividend to its current shareholders | |
| Latest headline from gurufocus.com: Shoe Carnival Inc Shares Gap Down to 33.89 on Nov 26 |
Shoe Carnival 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 Shoe Stock often depends not only on the future outlook of the current and potential Shoe Carnival'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. Shoe Carnival'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 | 111.2 M |
Shoe Carnival Technical Analysis
Shoe Carnival's future price can be derived by breaking down and analyzing its technical indicators over time. Shoe Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Shoe Carnival. In general, you should focus on analyzing Shoe Stock price patterns and their correlations with different microeconomic environments and drivers.
Shoe Carnival Predictive Forecast Models
Shoe Carnival's time-series forecasting models is one of many Shoe Carnival'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 Shoe Carnival'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 Shoe Carnival
Checking the ongoing alerts about Shoe Carnival for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Shoe Carnival help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Shoe Carnival generated a negative expected return over the last 90 days | |
| Shoe Carnival has a poor financial position based on the latest SEC disclosures | |
| About 72.0% of the company shares are owned by institutional investors | |
| On 21st of October 2024 Shoe Carnival paid $ 0.135 per share dividend to its current shareholders | |
| Latest headline from gurufocus.com: Shoe Carnival Inc Shares Gap Down to 33.89 on Nov 26 |
Check out Shoe Carnival Backtesting, Shoe Carnival Valuation, Shoe Carnival Correlation, Shoe Carnival Hype Analysis, Shoe Carnival Volatility, Shoe Carnival History as well as Shoe Carnival Performance. For more information on how to buy Shoe Stock please use our How to buy in Shoe Stock guide.You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Is Specialty Retail 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 Shoe Carnival. If investors know Shoe 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 Shoe Carnival 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 0.155 | Earnings Share 2.72 | Revenue Per Share 45.392 | Quarterly Revenue Growth 0.129 | Return On Assets 0.0587 |
The market value of Shoe Carnival is measured differently than its book value, which is the value of Shoe that is recorded on the company's balance sheet. Investors also form their own opinion of Shoe Carnival's value that differs from its market value or its book value, called intrinsic value, which is Shoe Carnival'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 Shoe Carnival's market value can be influenced by many factors that don't directly affect Shoe Carnival'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 Shoe Carnival's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shoe Carnival is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shoe Carnival'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.