Shimmick Common Stock Probability of Future Stock Price Finishing Over 2.13
| SHIM Stock | 2.35 0.18 8.29% |
Shimmick |
Shimmick Common Target Price Odds to finish over 2.13
The tendency of Shimmick 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 2.13 in 90 days |
| 2.35 | 90 days | 2.13 | about 77.98 |
Based on a normal probability distribution, the odds of Shimmick Common to stay above 2.13 in 90 days from now is about 77.98 (This Shimmick Common probability density function shows the probability of Shimmick Stock to fall within a particular range of prices over 90 days) . Probability of Shimmick Common price to stay between 2.13 and its current price of 2.35 at the end of the 90-day period is about 22.29 .
Given the investment horizon of 90 days Shimmick Common has a beta of 0.26. This usually implies as returns on the market go up, Shimmick Common average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Shimmick Common will be expected to be much smaller as well. Additionally Shimmick Common 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. Shimmick Common Price Density |
| Price |
Predictive Modules for Shimmick Common
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Shimmick Common. 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.Shimmick Common Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Shimmick Common is not an exception. The market had few large corrections towards the Shimmick Common'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 Shimmick Common, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Shimmick Common within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.39 | |
β | Beta against Dow Jones | 0.26 | |
σ | Overall volatility | 0.35 | |
Ir | Information ratio | -0.09 |
Shimmick Common 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 Shimmick Common for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Shimmick Common can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Shimmick Common generated a negative expected return over the last 90 days | |
| Shimmick Common has high historical volatility and very poor performance | |
| Shimmick Common has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 632.81 M. Net Loss for the year was (2.29 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Shimmick Common generates negative cash flow from operations | |
| Shimmick Common has a poor financial position based on the latest SEC disclosures | |
| About 91.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from simplywall.st: Shimmick Third Quarter 2024 Earnings Beats Expectations |
Shimmick Common 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 Shimmick Stock often depends not only on the future outlook of the current and potential Shimmick Common'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. Shimmick Common's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 22.4 M | |
| Cash And Short Term Investments | 62.9 M |
Shimmick Common Technical Analysis
Shimmick Common's future price can be derived by breaking down and analyzing its technical indicators over time. Shimmick Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Shimmick Common. In general, you should focus on analyzing Shimmick Stock price patterns and their correlations with different microeconomic environments and drivers.
Shimmick Common Predictive Forecast Models
Shimmick Common's time-series forecasting models is one of many Shimmick Common'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 Shimmick Common'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 Shimmick Common
Checking the ongoing alerts about Shimmick Common for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Shimmick Common help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Shimmick Common generated a negative expected return over the last 90 days | |
| Shimmick Common has high historical volatility and very poor performance | |
| Shimmick Common has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 632.81 M. Net Loss for the year was (2.29 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Shimmick Common generates negative cash flow from operations | |
| Shimmick Common has a poor financial position based on the latest SEC disclosures | |
| About 91.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from simplywall.st: Shimmick Third Quarter 2024 Earnings Beats Expectations |
Check out Shimmick Common Backtesting, Shimmick Common Valuation, Shimmick Common Correlation, Shimmick Common Hype Analysis, Shimmick Common Volatility, Shimmick Common History as well as Shimmick Common Performance. To learn how to invest in Shimmick Stock, please use our How to Invest in Shimmick Common guide.You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Is Construction & Engineering 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 Shimmick Common. If investors know Shimmick 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 Shimmick Common listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.08) | Revenue Per Share 21.127 | Quarterly Revenue Growth (0.42) | Return On Assets (0.15) | Return On Equity (4.02) |
The market value of Shimmick Common is measured differently than its book value, which is the value of Shimmick that is recorded on the company's balance sheet. Investors also form their own opinion of Shimmick Common's value that differs from its market value or its book value, called intrinsic value, which is Shimmick Common'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 Shimmick Common's market value can be influenced by many factors that don't directly affect Shimmick Common'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 Shimmick Common's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shimmick Common is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shimmick Common'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.