Saga Communications Stock Probability of Future Stock Price Finishing Over 13.09
| SGA Stock | USD 13.09 0.15 1.16% |
Saga |
Saga Communications Target Price Odds to finish over 13.09
The tendency of Saga 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 |
| 13.09 | 90 days | 13.09 | about 88.84 |
Based on a normal probability distribution, the odds of Saga Communications to move above the current price in 90 days from now is about 88.84 (This Saga Communications probability density function shows the probability of Saga Stock to fall within a particular range of prices over 90 days) .
Considering the 90-day investment horizon Saga Communications has a beta of 0.5. This usually implies as returns on the market go up, Saga Communications average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Saga Communications will be expected to be much smaller as well. Additionally Saga Communications 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. Saga Communications Price Density |
| Price |
Predictive Modules for Saga Communications
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Saga Communications. 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.Saga Communications Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Saga Communications is not an exception. The market had few large corrections towards the Saga Communications' 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 Saga Communications, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Saga Communications within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.23 | |
β | Beta against Dow Jones | 0.50 | |
σ | Overall volatility | 0.78 | |
Ir | Information ratio | -0.18 |
Saga Communications 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 Saga Communications for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Saga Communications can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Saga Communications generated a negative expected return over the last 90 days | |
| About 61.0% of the company shares are owned by institutional investors | |
| On 18th of October 2024 Saga Communications paid $ 0.25 per share dividend to its current shareholders | |
| Latest headline from kalkinemedia.com: Sarytogan Graphite Expands Market Reach with New ASX Securities Listing |
Saga Communications 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 Saga Stock often depends not only on the future outlook of the current and potential Saga Communications' 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. Saga Communications' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 6 M | |
| Cash And Short Term Investments | 40.2 M |
Saga Communications Technical Analysis
Saga Communications' future price can be derived by breaking down and analyzing its technical indicators over time. Saga Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Saga Communications. In general, you should focus on analyzing Saga Stock price patterns and their correlations with different microeconomic environments and drivers.
Saga Communications Predictive Forecast Models
Saga Communications' time-series forecasting models is one of many Saga Communications' 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 Saga Communications' 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 Saga Communications
Checking the ongoing alerts about Saga Communications for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Saga Communications help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Saga Communications generated a negative expected return over the last 90 days | |
| About 61.0% of the company shares are owned by institutional investors | |
| On 18th of October 2024 Saga Communications paid $ 0.25 per share dividend to its current shareholders | |
| Latest headline from kalkinemedia.com: Sarytogan Graphite Expands Market Reach with New ASX Securities Listing |
Check out Saga Communications Backtesting, Saga Communications Valuation, Saga Communications Correlation, Saga Communications Hype Analysis, Saga Communications Volatility, Saga Communications History as well as Saga Communications Performance. For information on how to trade Saga Stock refer to our How to Trade Saga Stock guide.You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Is Broadcasting 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 Saga Communications. If investors know Saga 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 Saga Communications 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 (0.55) | Dividend Share 1.6 | Earnings Share 0.75 | Revenue Per Share 18.219 | Quarterly Revenue Growth (0.04) |
The market value of Saga Communications is measured differently than its book value, which is the value of Saga that is recorded on the company's balance sheet. Investors also form their own opinion of Saga Communications' value that differs from its market value or its book value, called intrinsic value, which is Saga Communications' 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 Saga Communications' market value can be influenced by many factors that don't directly affect Saga Communications' 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 Saga Communications' value and its price as these two are different measures arrived at by different means. Investors typically determine if Saga Communications is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Saga Communications' 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.