Smart Sand Stock Probability of Future Stock Price Finishing Under 2.1
| SND Stock | USD 2.45 0.03 1.24% |
Smart |
Smart Sand Target Price Odds to finish below 2.1
The tendency of Smart 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 $ 2.10 or more in 90 days |
| 2.45 | 90 days | 2.10 | about 49.83 |
Based on a normal probability distribution, the odds of Smart Sand to drop to $ 2.10 or more in 90 days from now is about 49.83 (This Smart Sand probability density function shows the probability of Smart Stock to fall within a particular range of prices over 90 days) . Probability of Smart Sand price to stay between $ 2.10 and its current price of $2.45 at the end of the 90-day period is about 48.02 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.24 . 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, Smart Sand will likely underperform. Additionally Smart Sand has an alpha of 0.2051, implying that it can generate a 0.21 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Smart Sand Price Density |
| Price |
Predictive Modules for Smart Sand
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Smart Sand. 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.Smart Sand Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Smart Sand is not an exception. The market had few large corrections towards the Smart Sand'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 Smart Sand, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Smart Sand within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.21 | |
β | Beta against Dow Jones | 1.24 | |
σ | Overall volatility | 0.17 | |
Ir | Information ratio | 0.07 |
Smart Sand 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 Smart Sand for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Smart Sand can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Smart Sand had very high historical volatility over the last 90 days | |
| Smart Sand has a poor financial position based on the latest SEC disclosures | |
| About 29.0% of the company outstanding shares are owned by corporate insiders | |
| On 28th of October 2024 Smart Sand paid $ 0.1 per share dividend to its current shareholders | |
| Latest headline from zacks.com: Phillips 66 Faces 2.4M Fine for Alleged Oil Dumping in LA |
Smart Sand 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 Smart Stock often depends not only on the future outlook of the current and potential Smart Sand'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. Smart Sand's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 39 M | |
| Cash And Short Term Investments | 6.1 M |
Smart Sand Technical Analysis
Smart Sand's future price can be derived by breaking down and analyzing its technical indicators over time. Smart Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Smart Sand. In general, you should focus on analyzing Smart Stock price patterns and their correlations with different microeconomic environments and drivers.
Smart Sand Predictive Forecast Models
Smart Sand's time-series forecasting models is one of many Smart Sand'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 Smart Sand'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 Smart Sand
Checking the ongoing alerts about Smart Sand for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Smart Sand help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Smart Sand had very high historical volatility over the last 90 days | |
| Smart Sand has a poor financial position based on the latest SEC disclosures | |
| About 29.0% of the company outstanding shares are owned by corporate insiders | |
| On 28th of October 2024 Smart Sand paid $ 0.1 per share dividend to its current shareholders | |
| Latest headline from zacks.com: Phillips 66 Faces 2.4M Fine for Alleged Oil Dumping in LA |
Check out Smart Sand Backtesting, Smart Sand Valuation, Smart Sand Correlation, Smart Sand Hype Analysis, Smart Sand Volatility, Smart Sand History as well as Smart Sand Performance. For information on how to trade Smart Stock refer to our How to Trade Smart Stock guide.You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Is Oil & Gas Equipment & Services 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 Smart Sand. If investors know Smart 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 Smart Sand listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.931 | Earnings Share (0.14) | Revenue Per Share 7.688 | Quarterly Revenue Growth (0.01) | Return On Assets 0.0022 |
The market value of Smart Sand is measured differently than its book value, which is the value of Smart that is recorded on the company's balance sheet. Investors also form their own opinion of Smart Sand's value that differs from its market value or its book value, called intrinsic value, which is Smart Sand'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 Smart Sand's market value can be influenced by many factors that don't directly affect Smart Sand'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 Smart Sand's value and its price as these two are different measures arrived at by different means. Investors typically determine if Smart Sand is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Smart Sand'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.