Spruce Power Holding Stock Probability of Future Stock Price Finishing Over 12.04
| SPRU Stock | 2.40 0.10 4.35% |
Spruce |
Spruce Power Target Price Odds to finish over 12.04
The tendency of Spruce 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 12.04 or more in 90 days |
| 2.40 | 90 days | 12.04 | close to zero percent |
Based on a normal probability distribution, the odds of Spruce Power to move over 12.04 or more in 90 days from now is close to zero percent (This Spruce Power Holding probability density function shows the probability of Spruce Stock to fall within a particular range of prices over 90 days) . Probability of Spruce Power Holding price to stay between its current price of 2.40 and 12.04 at the end of the 90-day period is about 85.44 .
Given the investment horizon of 90 days Spruce Power Holding has a beta of -0.84. This usually implies as returns on the benchmark increase, returns on holding Spruce Power are expected to decrease at a much lower rate. During a bear market, however, Spruce Power Holding is likely to outperform the market. Additionally Spruce Power Holding 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. Spruce Power Price Density |
| Price |
Predictive Modules for Spruce Power
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Spruce Power Holding. 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.Spruce Power Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Spruce Power is not an exception. The market had few large corrections towards the Spruce Power'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 Spruce Power Holding, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Spruce Power within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.2 | |
β | Beta against Dow Jones | -0.84 | |
σ | Overall volatility | 0.18 | |
Ir | Information ratio | -0.13 |
Spruce Power 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 Spruce Power for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Spruce Power Holding can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Spruce Power Holding generated a negative expected return over the last 90 days | |
| Spruce Power Holding has high historical volatility and very poor performance | |
| Spruce Power Holding has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 79.86 M. Net Loss for the year was (61.71 M) with profit before overhead, payroll, taxes, and interest of 13.24 M. | |
| Spruce Power generates negative cash flow from operations | |
| About 13.0% of the company outstanding shares are owned by corporate insiders |
Spruce Power 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 Spruce Stock often depends not only on the future outlook of the current and potential Spruce Power'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. Spruce Power's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 18.4 M | |
| Cash And Short Term Investments | 141.4 M |
Spruce Power Technical Analysis
Spruce Power's future price can be derived by breaking down and analyzing its technical indicators over time. Spruce Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Spruce Power Holding. In general, you should focus on analyzing Spruce Stock price patterns and their correlations with different microeconomic environments and drivers.
Spruce Power Predictive Forecast Models
Spruce Power's time-series forecasting models is one of many Spruce Power'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 Spruce Power'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 Spruce Power Holding
Checking the ongoing alerts about Spruce Power for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Spruce Power Holding help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Spruce Power Holding generated a negative expected return over the last 90 days | |
| Spruce Power Holding has high historical volatility and very poor performance | |
| Spruce Power Holding has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 79.86 M. Net Loss for the year was (61.71 M) with profit before overhead, payroll, taxes, and interest of 13.24 M. | |
| Spruce Power generates negative cash flow from operations | |
| About 13.0% of the company outstanding shares are owned by corporate insiders |
Additional Tools for Spruce Stock Analysis
When running Spruce Power's price analysis, check to measure Spruce Power's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Spruce Power is operating at the current time. Most of Spruce Power's value examination focuses on studying past and present price action to predict the probability of Spruce Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spruce Power's price. Additionally, you may evaluate how the addition of Spruce Power to your portfolios can decrease your overall portfolio volatility.