Solitron Devices Stock Probability of Future Pink Sheet Price Finishing Over 10.78
| SODI Stock | USD 16.02 0.72 4.30% |
Solitron |
Solitron Devices Target Price Odds to finish over 10.78
The tendency of Solitron Pink Sheet 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 stay above $ 10.78 in 90 days |
| 16.02 | 90 days | 10.78 | close to 99 |
Based on a normal probability distribution, the odds of Solitron Devices to stay above $ 10.78 in 90 days from now is close to 99 (This Solitron Devices probability density function shows the probability of Solitron Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Solitron Devices price to stay between $ 10.78 and its current price of $16.02 at the end of the 90-day period is about 5.8 .
Given the investment horizon of 90 days Solitron Devices has a beta of -0.51. This usually implies as returns on the benchmark increase, returns on holding Solitron Devices are expected to decrease at a much lower rate. During a bear market, however, Solitron Devices is likely to outperform the market. Additionally Solitron Devices 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. Solitron Devices Price Density |
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Predictive Modules for Solitron Devices
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Solitron Devices. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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 Solitron Devices' 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.
Solitron Devices Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Solitron Devices is not an exception. The market had few large corrections towards the Solitron Devices' 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 Solitron Devices, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Solitron Devices within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.11 | |
β | Beta against Dow Jones | -0.51 | |
σ | Overall volatility | 0.84 | |
Ir | Information ratio | -0.12 |
Solitron Devices 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 Solitron Devices for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Solitron Devices can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Solitron Devices generated a negative expected return over the last 90 days | |
| About 39.0% of the company outstanding shares are owned by corporate insiders |
Solitron Devices 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 Solitron Pink Sheet often depends not only on the future outlook of the current and potential Solitron Devices' 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. Solitron Devices' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 2.1 M | |
| Cash And Short Term Investments | 4772.00 |
Solitron Devices Technical Analysis
Solitron Devices' future price can be derived by breaking down and analyzing its technical indicators over time. Solitron Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Solitron Devices. In general, you should focus on analyzing Solitron Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Solitron Devices Predictive Forecast Models
Solitron Devices' time-series forecasting models is one of many Solitron Devices' pink sheet 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 Solitron Devices' 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 pink sheet market movement and maximize returns from investment trading.
Things to note about Solitron Devices
Checking the ongoing alerts about Solitron Devices for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Solitron Devices help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Solitron Devices generated a negative expected return over the last 90 days | |
| About 39.0% of the company outstanding shares are owned by corporate insiders |
Other Information on Investing in Solitron Pink Sheet
Solitron Devices financial ratios help investors to determine whether Solitron Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Solitron with respect to the benefits of owning Solitron Devices security.