Smartrent Stock Probability of Future Stock Price Finishing Under 1.62
| SMRT Stock | USD 1.62 0.01 0.62% |
SmartRent |
SmartRent Target Price Odds to finish below 1.62
The tendency of SmartRent 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 below current price in 90 days |
| 1.62 | 90 days | 1.62 | about 29.69 |
Based on a normal probability distribution, the odds of SmartRent to move below current price in 90 days from now is about 29.69 (This SmartRent probability density function shows the probability of SmartRent Stock to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days SmartRent has a beta of 0.77. This usually implies as returns on the market go up, SmartRent average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding SmartRent will be expected to be much smaller as well. Additionally SmartRent 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. SmartRent Price Density |
| Price |
Predictive Modules for SmartRent
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as SmartRent. 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.SmartRent Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. SmartRent is not an exception. The market had few large corrections towards the SmartRent'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 SmartRent, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of SmartRent within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.13 | |
β | Beta against Dow Jones | 0.77 | |
σ | Overall volatility | 0.09 | |
Ir | Information ratio | -0.06 |
SmartRent 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 SmartRent for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for SmartRent can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| SmartRent generated a negative expected return over the last 90 days | |
| SmartRent may become a speculative penny stock | |
| The company reported the previous year's revenue of 236.84 M. Net Loss for the year was (34.59 M) with profit before overhead, payroll, taxes, and interest of 1.3 M. | |
| About 59.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: SmartRent Named to 2024 Deloitte Technology Fast 500 List |
SmartRent 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 SmartRent Stock often depends not only on the future outlook of the current and potential SmartRent'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. SmartRent's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 200.7 M | |
| Cash And Short Term Investments | 215.2 M |
SmartRent Technical Analysis
SmartRent's future price can be derived by breaking down and analyzing its technical indicators over time. SmartRent Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of SmartRent. In general, you should focus on analyzing SmartRent Stock price patterns and their correlations with different microeconomic environments and drivers.
SmartRent Predictive Forecast Models
SmartRent's time-series forecasting models is one of many SmartRent'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 SmartRent'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 SmartRent
Checking the ongoing alerts about SmartRent for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for SmartRent help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| SmartRent generated a negative expected return over the last 90 days | |
| SmartRent may become a speculative penny stock | |
| The company reported the previous year's revenue of 236.84 M. Net Loss for the year was (34.59 M) with profit before overhead, payroll, taxes, and interest of 1.3 M. | |
| About 59.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: SmartRent Named to 2024 Deloitte Technology Fast 500 List |
Additional Tools for SmartRent Stock Analysis
When running SmartRent's price analysis, check to measure SmartRent's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy SmartRent is operating at the current time. Most of SmartRent's value examination focuses on studying past and present price action to predict the probability of SmartRent's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SmartRent's price. Additionally, you may evaluate how the addition of SmartRent to your portfolios can decrease your overall portfolio volatility.