Spectrum Brands Holdings Stock Probability of Future Stock Price Finishing Over 90.32
| SPB Stock | USD 90.45 0.19 0.21% |
Spectrum |
Spectrum Brands Target Price Odds to finish over 90.32
The tendency of Spectrum 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 stay above $ 90.32 in 90 days |
| 90.45 | 90 days | 90.32 | about 77.29 |
Based on a normal probability distribution, the odds of Spectrum Brands to stay above $ 90.32 in 90 days from now is about 77.29 (This Spectrum Brands Holdings probability density function shows the probability of Spectrum Stock to fall within a particular range of prices over 90 days) . Probability of Spectrum Brands Holdings price to stay between $ 90.32 and its current price of $90.45 at the end of the 90-day period is roughly 2.41 .
Considering the 90-day investment horizon Spectrum Brands has a beta of 0.48. This usually implies as returns on the market go up, Spectrum Brands average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Spectrum Brands Holdings will be expected to be much smaller as well. Additionally Spectrum Brands Holdings 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. Spectrum Brands Price Density |
| Price |
Predictive Modules for Spectrum Brands
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Spectrum Brands Holdings. 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.Spectrum Brands Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Spectrum Brands is not an exception. The market had few large corrections towards the Spectrum Brands' 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 Spectrum Brands Holdings, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Spectrum Brands within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.04 | |
β | Beta against Dow Jones | 0.48 | |
σ | Overall volatility | 1.67 | |
Ir | Information ratio | -0.07 |
Spectrum Brands 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 Spectrum Brands for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Spectrum Brands Holdings can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Spectrum Brands generated a negative expected return over the last 90 days | |
| Spectrum Brands Holdings has about 243.7 M in cash with (409.7 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 6.07. | |
| Over 96.0% of the company shares are owned by institutional investors | |
| Latest headline from MacroaxisInsider: Acquisition by David Maura of 22435 shares of Spectrum Brands at 90.26 subject to Rule 16b-3 |
Spectrum Brands 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 Spectrum Stock often depends not only on the future outlook of the current and potential Spectrum Brands' 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. Spectrum Brands' indicators that are reflective of the short sentiment are summarized in the table below.
| Cash And Short Term Investments | 368.9 M |
Spectrum Brands Technical Analysis
Spectrum Brands' future price can be derived by breaking down and analyzing its technical indicators over time. Spectrum Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Spectrum Brands Holdings. In general, you should focus on analyzing Spectrum Stock price patterns and their correlations with different microeconomic environments and drivers.
Spectrum Brands Predictive Forecast Models
Spectrum Brands' time-series forecasting models is one of many Spectrum Brands' 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 Spectrum Brands' 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 Spectrum Brands Holdings
Checking the ongoing alerts about Spectrum Brands for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Spectrum Brands Holdings help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Spectrum Brands generated a negative expected return over the last 90 days | |
| Spectrum Brands Holdings has about 243.7 M in cash with (409.7 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 6.07. | |
| Over 96.0% of the company shares are owned by institutional investors | |
| Latest headline from MacroaxisInsider: Acquisition by David Maura of 22435 shares of Spectrum Brands at 90.26 subject to Rule 16b-3 |
Check out Spectrum Brands Backtesting, Spectrum Brands Valuation, Spectrum Brands Correlation, Spectrum Brands Hype Analysis, Spectrum Brands Volatility, Spectrum Brands History as well as Spectrum Brands Performance. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Is Household Products 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 Spectrum Brands. If investors know Spectrum 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 Spectrum Brands 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 (0.99) | Earnings Share 3.26 | Revenue Per Share 90.951 | Quarterly Revenue Growth 0.06 | Return On Assets 0.0154 |
The market value of Spectrum Brands Holdings is measured differently than its book value, which is the value of Spectrum that is recorded on the company's balance sheet. Investors also form their own opinion of Spectrum Brands' value that differs from its market value or its book value, called intrinsic value, which is Spectrum Brands' 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 Spectrum Brands' market value can be influenced by many factors that don't directly affect Spectrum Brands' 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 Spectrum Brands' value and its price as these two are different measures arrived at by different means. Investors typically determine if Spectrum Brands is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Spectrum Brands' 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.