Smart Global Holdings Probability of Future Stock Price Finishing Over 20.41
| SGHDelisted Stock | USD 20.41 0.36 1.80% |
Smart |
Smart Global Target Price Odds to finish over 20.41
The tendency of Smart 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 |
| 20.41 | 90 days | 20.41 | about 58.73 |
Based on a normal probability distribution, the odds of Smart Global to move above the current price in 90 days from now is about 58.73 (This Smart Global Holdings probability density function shows the probability of Smart Stock to fall within a particular range of prices over 90 days) .
Considering the 90-day investment horizon Smart Global Holdings has a beta of -0.4. This usually implies as returns on the benchmark increase, returns on holding Smart Global are expected to decrease at a much lower rate. During a bear market, however, Smart Global Holdings is likely to outperform the market. Additionally Smart Global Holdings 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. Smart Global Price Density |
| Price |
Predictive Modules for Smart Global
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Smart Global Holdings. 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.Smart Global Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Smart Global is not an exception. The market had few large corrections towards the Smart Global'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 Smart Global Holdings, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Smart Global within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.46 | |
β | Beta against Dow Jones | -0.4 | |
σ | Overall volatility | 2.13 | |
Ir | Information ratio | -0.2 |
Smart Global 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 Smart Global for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Smart Global Holdings can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Smart Global is now traded under the symbol PENG. Please update your portfolios or report it if you believe this is an error. Report It! | |
| Smart Global is not yet fully synchronised with the market data | |
| Smart Global has a very high chance of going through financial distress in the upcoming years | |
| Over 98.0% of the company shares are owned by institutional investors |
Smart Global 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 Smart Stock often depends not only on the future outlook of the current and potential Smart Global'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. Smart Global's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 49.6 M | |
| Cash And Short Term Investments | 390.8 M |
Smart Global Technical Analysis
Smart Global's future price can be derived by breaking down and analyzing its technical indicators over time. Smart Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Smart Global Holdings. In general, you should focus on analyzing Smart Stock price patterns and their correlations with different microeconomic environments and drivers.
Smart Global Predictive Forecast Models
Smart Global's time-series forecasting models is one of many Smart Global'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 Smart Global'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 Smart Global Holdings
Checking the ongoing alerts about Smart Global for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Smart Global Holdings help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Smart Global is now traded under the symbol PENG. Please update your portfolios or report it if you believe this is an error. Report It! | |
| Smart Global is not yet fully synchronised with the market data | |
| Smart Global has a very high chance of going through financial distress in the upcoming years | |
| Over 98.0% of the company shares are owned by institutional investors |
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Other Consideration for investing in Smart Stock
If you are still planning to invest in Smart Global Holdings check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Smart Global's history and understand the potential risks before investing.
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