Solarmax Technology Common Stock Probability of Future Stock Price Finishing Under 0.93
| SMXT Stock | 1.13 0.03 2.73% |
Solarmax |
Solarmax Technology Target Price Odds to finish below 0.93
The tendency of Solarmax 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 0.93 or more in 90 days |
| 1.13 | 90 days | 0.93 | about 39.71 |
Based on a normal probability distribution, the odds of Solarmax Technology to drop to 0.93 or more in 90 days from now is about 39.71 (This Solarmax Technology Common probability density function shows the probability of Solarmax Stock to fall within a particular range of prices over 90 days) . Probability of Solarmax Technology price to stay between 0.93 and its current price of 1.13 at the end of the 90-day period is about 14.65 .
Given the investment horizon of 90 days Solarmax Technology Common has a beta of -0.84. This usually implies as returns on the benchmark increase, returns on holding Solarmax Technology are expected to decrease at a much lower rate. During a bear market, however, Solarmax Technology Common is likely to outperform the market. Additionally Solarmax Technology 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. Solarmax Technology Price Density |
| Price |
Predictive Modules for Solarmax Technology
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Solarmax Technology. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Solarmax Technology's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Solarmax Technology Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Solarmax Technology is not an exception. The market had few large corrections towards the Solarmax Technology'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 Solarmax Technology Common, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Solarmax Technology within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.9 | |
β | Beta against Dow Jones | -0.84 | |
σ | Overall volatility | 0.54 | |
Ir | Information ratio | -0.11 |
Solarmax Technology 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 Solarmax Technology for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Solarmax Technology can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Solarmax Technology generated a negative expected return over the last 90 days | |
| Solarmax Technology has high historical volatility and very poor performance | |
| Solarmax Technology may become a speculative penny stock | |
| Solarmax Technology has high likelihood to experience some financial distress in the next 2 years | |
| Solarmax Technology has a poor financial position based on the latest SEC disclosures | |
| About 34.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from simplywall.st: Optimistic Investors Push SolarMax Technology, Inc. Shares Up 29 percent But Growth Is Lacking |
Solarmax Technology 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 Solarmax Stock often depends not only on the future outlook of the current and potential Solarmax Technology'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. Solarmax Technology's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 44.5 M | |
| Cash And Short Term Investments | 2.5 M |
Solarmax Technology Technical Analysis
Solarmax Technology's future price can be derived by breaking down and analyzing its technical indicators over time. Solarmax Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Solarmax Technology Common. In general, you should focus on analyzing Solarmax Stock price patterns and their correlations with different microeconomic environments and drivers.
Solarmax Technology Predictive Forecast Models
Solarmax Technology's time-series forecasting models is one of many Solarmax Technology'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 Solarmax Technology'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 Solarmax Technology
Checking the ongoing alerts about Solarmax Technology for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Solarmax Technology help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Solarmax Technology generated a negative expected return over the last 90 days | |
| Solarmax Technology has high historical volatility and very poor performance | |
| Solarmax Technology may become a speculative penny stock | |
| Solarmax Technology has high likelihood to experience some financial distress in the next 2 years | |
| Solarmax Technology has a poor financial position based on the latest SEC disclosures | |
| About 34.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from simplywall.st: Optimistic Investors Push SolarMax Technology, Inc. Shares Up 29 percent But Growth Is Lacking |
Additional Tools for Solarmax Stock Analysis
When running Solarmax Technology's price analysis, check to measure Solarmax Technology'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 Solarmax Technology is operating at the current time. Most of Solarmax Technology's value examination focuses on studying past and present price action to predict the probability of Solarmax Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Solarmax Technology's price. Additionally, you may evaluate how the addition of Solarmax Technology to your portfolios can decrease your overall portfolio volatility.