Superior Plus Corp Stock Probability of Future Stock Price Finishing Over 18.94
| SPB Stock | CAD 6.13 0.02 0.33% |
Superior |
Superior Plus Target Price Odds to finish over 18.94
The tendency of Superior 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 over C$ 18.94 or more in 90 days |
| 6.13 | 90 days | 18.94 | close to zero percent |
Based on a normal probability distribution, the odds of Superior Plus to move over C$ 18.94 or more in 90 days from now is close to zero percent (This Superior Plus Corp probability density function shows the probability of Superior Stock to fall within a particular range of prices over 90 days) . Probability of Superior Plus Corp price to stay between its current price of C$ 6.13 and C$ 18.94 at the end of the 90-day period is about 97.0 .
Assuming the 90 days trading horizon Superior Plus has a beta of 0.52. This usually implies as returns on the market go up, Superior Plus average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Superior Plus Corp will be expected to be much smaller as well. Additionally Superior Plus Corp 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. Superior Plus Price Density |
| Price |
Predictive Modules for Superior Plus
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Superior Plus Corp. 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.Superior Plus Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Superior Plus is not an exception. The market had few large corrections towards the Superior Plus' 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 Superior Plus Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Superior Plus within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.31 | |
β | Beta against Dow Jones | 0.52 | |
σ | Overall volatility | 0.53 | |
Ir | Information ratio | -0.11 |
Superior Plus 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 Superior Plus for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Superior Plus Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Superior Plus Corp generated a negative expected return over the last 90 days | |
| Superior Plus Corp has high historical volatility and very poor performance | |
| Superior Plus Corp has accumulated 2.48 B in total debt with debt to equity ratio (D/E) of 1.74, which is about average as compared to similar companies. Superior Plus Corp has a current ratio of 0.87, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Superior Plus until it has trouble settling it off, either with new capital or with free cash flow. So, Superior Plus' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Superior Plus Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Superior to invest in growth at high rates of return. When we think about Superior Plus' use of debt, we should always consider it together with cash and equity. |
Superior Plus 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 Superior Stock often depends not only on the future outlook of the current and potential Superior Plus' 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. Superior Plus' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 229 M | |
| Cash And Short Term Investments | 40.7 M |
Superior Plus Technical Analysis
Superior Plus' future price can be derived by breaking down and analyzing its technical indicators over time. Superior Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Superior Plus Corp. In general, you should focus on analyzing Superior Stock price patterns and their correlations with different microeconomic environments and drivers.
Superior Plus Predictive Forecast Models
Superior Plus' time-series forecasting models is one of many Superior Plus' 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 Superior Plus' 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 Superior Plus Corp
Checking the ongoing alerts about Superior Plus for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Superior Plus Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Superior Plus Corp generated a negative expected return over the last 90 days | |
| Superior Plus Corp has high historical volatility and very poor performance | |
| Superior Plus Corp has accumulated 2.48 B in total debt with debt to equity ratio (D/E) of 1.74, which is about average as compared to similar companies. Superior Plus Corp has a current ratio of 0.87, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Superior Plus until it has trouble settling it off, either with new capital or with free cash flow. So, Superior Plus' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Superior Plus Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Superior to invest in growth at high rates of return. When we think about Superior Plus' use of debt, we should always consider it together with cash and equity. |
Other Information on Investing in Superior Stock
Superior Plus financial ratios help investors to determine whether Superior Stock 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 Superior with respect to the benefits of owning Superior Plus security.