Smith Nephew Snats Stock Probability of Future Stock Price Finishing Under 23.18
| SNN Stock | USD 25.15 0.16 0.63% |
Smith |
Smith Nephew Target Price Odds to finish below 23.18
The tendency of Smith 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 $ 23.18 or more in 90 days |
| 25.15 | 90 days | 23.18 | near 1 |
Based on a normal probability distribution, the odds of Smith Nephew to drop to $ 23.18 or more in 90 days from now is near 1 (This Smith Nephew SNATS probability density function shows the probability of Smith Stock to fall within a particular range of prices over 90 days) . Probability of Smith Nephew SNATS price to stay between $ 23.18 and its current price of $25.15 at the end of the 90-day period is about 5.61 .
Considering the 90-day investment horizon Smith Nephew has a beta of 0.39. This usually implies as returns on the market go up, Smith Nephew average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Smith Nephew SNATS will be expected to be much smaller as well. Additionally Smith Nephew SNATS 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. Smith Nephew Price Density |
| Price |
Predictive Modules for Smith Nephew
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Smith Nephew SNATS. 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.Smith Nephew Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Smith Nephew is not an exception. The market had few large corrections towards the Smith Nephew'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 Smith Nephew SNATS, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Smith Nephew within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.31 | |
β | Beta against Dow Jones | 0.39 | |
σ | Overall volatility | 2.36 | |
Ir | Information ratio | -0.19 |
Smith Nephew 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 Smith Nephew for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Smith Nephew SNATS can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Smith Nephew SNATS generated a negative expected return over the last 90 days | |
| On 8th of November 2024 Smith Nephew paid $ 0.288 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: Gaurav Agarwal Joins Capsa Healthcare as Chief Executive Officer to Lead Next Innovative Growth Phase |
Smith Nephew 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 Smith Stock often depends not only on the future outlook of the current and potential Smith Nephew'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. Smith Nephew's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 436.9 M | |
| Cash And Short Term Investments | 302 M |
Smith Nephew Technical Analysis
Smith Nephew's future price can be derived by breaking down and analyzing its technical indicators over time. Smith Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Smith Nephew SNATS. In general, you should focus on analyzing Smith Stock price patterns and their correlations with different microeconomic environments and drivers.
Smith Nephew Predictive Forecast Models
Smith Nephew's time-series forecasting models is one of many Smith Nephew'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 Smith Nephew'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 Smith Nephew SNATS
Checking the ongoing alerts about Smith Nephew for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Smith Nephew SNATS help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Smith Nephew SNATS generated a negative expected return over the last 90 days | |
| On 8th of November 2024 Smith Nephew paid $ 0.288 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: Gaurav Agarwal Joins Capsa Healthcare as Chief Executive Officer to Lead Next Innovative Growth Phase |
Check out Smith Nephew Backtesting, Smith Nephew Valuation, Smith Nephew Correlation, Smith Nephew Hype Analysis, Smith Nephew Volatility, Smith Nephew History as well as Smith Nephew Performance. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Is Health Care Equipment & Supplies 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 Smith Nephew. If investors know Smith 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 Smith Nephew 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 0.244 | Dividend Share 0.375 | Earnings Share 0.7 | Revenue Per Share 2.5904 | Quarterly Revenue Growth 0.034 |
The market value of Smith Nephew SNATS is measured differently than its book value, which is the value of Smith that is recorded on the company's balance sheet. Investors also form their own opinion of Smith Nephew's value that differs from its market value or its book value, called intrinsic value, which is Smith Nephew'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 Smith Nephew's market value can be influenced by many factors that don't directly affect Smith Nephew'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 Smith Nephew's value and its price as these two are different measures arrived at by different means. Investors typically determine if Smith Nephew is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Smith Nephew'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.