Silk Road Medical Probability of Future Stock Price Finishing Under 26.91
| SILKDelisted Stock | USD 27.49 0.00 0.00% |
Silk |
Silk Road Target Price Odds to finish below 26.91
The tendency of Silk 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 drop to $ 26.91 or more in 90 days |
| 27.49 | 90 days | 26.91 | about 10.11 |
Based on a normal probability distribution, the odds of Silk Road to drop to $ 26.91 or more in 90 days from now is about 10.11 (This Silk Road Medical probability density function shows the probability of Silk Stock to fall within a particular range of prices over 90 days) . Probability of Silk Road Medical price to stay between $ 26.91 and its current price of $27.49 at the end of the 90-day period is about 87.69 .
Given the investment horizon of 90 days Silk Road Medical has a beta of -0.0391. This usually implies as returns on the benchmark increase, returns on holding Silk Road are expected to decrease at a much lower rate. During a bear market, however, Silk Road Medical is likely to outperform the market. Additionally Silk Road Medical has an alpha of 0.0267, implying that it can generate a 0.0267 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Silk Road Price Density |
| Price |
Predictive Modules for Silk Road
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Silk Road Medical. 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.Silk Road Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Silk Road is not an exception. The market had few large corrections towards the Silk Road'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 Silk Road Medical, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Silk Road within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.03 | |
β | Beta against Dow Jones | -0.04 | |
σ | Overall volatility | 0.17 | |
Ir | Information ratio | -0.29 |
Silk Road 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 Silk Road for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Silk Road Medical can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Silk Road Medical is not yet fully synchronised with the market data | |
| Silk Road Medical generated a negative expected return over the last 90 days | |
| Silk Road Medical has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 177.13 M. Net Loss for the year was (55.74 M) with profit before overhead, payroll, taxes, and interest of 100.76 M. | |
| Silk Road Medical currently holds about 108.87 M in cash with (32.01 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.09. | |
| Over 97.0% of the company shares are owned by institutional investors |
Silk Road 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 Silk Stock often depends not only on the future outlook of the current and potential Silk Road'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. Silk Road's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 38.8 M | |
| Cash And Short Term Investments | 181.5 M |
Silk Road Technical Analysis
Silk Road's future price can be derived by breaking down and analyzing its technical indicators over time. Silk Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Silk Road Medical. In general, you should focus on analyzing Silk Stock price patterns and their correlations with different microeconomic environments and drivers.
Silk Road Predictive Forecast Models
Silk Road's time-series forecasting models is one of many Silk Road'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 Silk Road'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 Silk Road Medical
Checking the ongoing alerts about Silk Road for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Silk Road Medical help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Silk Road Medical is not yet fully synchronised with the market data | |
| Silk Road Medical generated a negative expected return over the last 90 days | |
| Silk Road Medical has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 177.13 M. Net Loss for the year was (55.74 M) with profit before overhead, payroll, taxes, and interest of 100.76 M. | |
| Silk Road Medical currently holds about 108.87 M in cash with (32.01 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.09. | |
| Over 97.0% 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 bureau of economic analysis. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Other Consideration for investing in Silk Stock
If you are still planning to invest in Silk Road Medical 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 Silk Road's history and understand the potential risks before investing.
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