Sleep Number (Germany) Probability of Future Stock Price Finishing Over 20.01
| SL2 Stock | EUR 14.30 1.00 7.52% |
Sleep |
Sleep Number Target Price Odds to finish over 20.01
The tendency of Sleep 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 € 20.01 or more in 90 days |
| 14.30 | 90 days | 20.01 | near 1 |
Based on a normal probability distribution, the odds of Sleep Number to move over € 20.01 or more in 90 days from now is near 1 (This Sleep Number Corp probability density function shows the probability of Sleep Stock to fall within a particular range of prices over 90 days) . Probability of Sleep Number Corp price to stay between its current price of € 14.30 and € 20.01 at the end of the 90-day period is about 36.78 .
Assuming the 90 days horizon the stock has the beta coefficient of 2.45 . 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, Sleep Number will likely underperform. Additionally Sleep Number Corp 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. Sleep Number Price Density |
| Price |
Predictive Modules for Sleep Number
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sleep Number Corp. 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.Sleep Number Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Sleep Number is not an exception. The market had few large corrections towards the Sleep Number'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 Sleep Number Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Sleep Number within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.07 | |
β | Beta against Dow Jones | 2.45 | |
σ | Overall volatility | 1.54 | |
Ir | Information ratio | 0.02 |
Sleep Number 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 Sleep Number for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Sleep Number Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Sleep Number Corp had very high historical volatility over the last 90 days | |
| Sleep Number Corp has accumulated 833.91 M in total debt. Sleep Number Corp has a current ratio of 0.21, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Sleep Number until it has trouble settling it off, either with new capital or with free cash flow. So, Sleep Number's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Sleep Number Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Sleep to invest in growth at high rates of return. When we think about Sleep Number's use of debt, we should always consider it together with cash and equity. | |
| Over 95.0% of the company shares are owned by institutional investors |
Sleep Number 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 Sleep Stock often depends not only on the future outlook of the current and potential Sleep Number'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. Sleep Number's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 22 M |
Sleep Number Technical Analysis
Sleep Number's future price can be derived by breaking down and analyzing its technical indicators over time. Sleep Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Sleep Number Corp. In general, you should focus on analyzing Sleep Stock price patterns and their correlations with different microeconomic environments and drivers.
Sleep Number Predictive Forecast Models
Sleep Number's time-series forecasting models is one of many Sleep Number'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 Sleep Number'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 Sleep Number Corp
Checking the ongoing alerts about Sleep Number for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Sleep Number Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Sleep Number Corp had very high historical volatility over the last 90 days | |
| Sleep Number Corp has accumulated 833.91 M in total debt. Sleep Number Corp has a current ratio of 0.21, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Sleep Number until it has trouble settling it off, either with new capital or with free cash flow. So, Sleep Number's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Sleep Number Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Sleep to invest in growth at high rates of return. When we think about Sleep Number's use of debt, we should always consider it together with cash and equity. | |
| Over 95.0% of the company shares are owned by institutional investors |
Additional Information and Resources on Investing in Sleep Stock
When determining whether Sleep Number Corp is a strong investment it is important to analyze Sleep Number's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Sleep Number's future performance. For an informed investment choice regarding Sleep Stock, refer to the following important reports:Check out Sleep Number Backtesting, Sleep Number Valuation, Sleep Number Correlation, Sleep Number Hype Analysis, Sleep Number Volatility, Sleep Number History as well as Sleep Number Performance. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.