Spx Corp Stock Odds of Future Stock Price Finishing Over 120.23

SPXC Stock  USD 160.83  1.79  1.13%   
SPX Corp's implied volatility is one of the determining factors in the pricing options written on SPX Corp. Implied volatility approximates the future value of SPX Corp based on the option's current value. Options with high implied volatility have higher premiums and can be used to hedge the downside of investing in SPX Corp over a specific time period. For example, SPXC Option Call 20-12-2024 160 is a CALL option contract on SPX Corp's common stock with a strick price of 160.0 expiring on 2024-12-20. The contract was last traded on 2024-12-11 at 09:41:17 for $4.5 and, as of today, has 9 days remaining before the expiration. The option is currently trading at a bid price of $3.5, and an ask price of $4.8. The implied volatility as of the 11th of December 2024 is 9.0. View All SPX options

Closest to current price SPX long CALL Option Payoff at Expiration

SPX Corp's future price is the expected price of SPX Corp instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of SPX Corp performance during a given time horizon utilizing its historical volatility. Check out SPX Corp Backtesting, SPX Corp Valuation, SPX Corp Correlation, SPX Corp Hype Analysis, SPX Corp Volatility, SPX Corp History as well as SPX Corp Performance.
For information on how to trade SPX Stock refer to our How to Trade SPX Stock guide.
  
At present, SPX Corp's Price Earnings Ratio is projected to increase significantly based on the last few years of reporting. The current year's Price Book Value Ratio is expected to grow to 4.04, whereas Price To Free Cash Flows Ratio is forecasted to decline to 16.58. Please specify SPX Corp's target price for which you would like SPX Corp odds to be computed.

SPX Corp Target Price Odds to finish over 120.23

The tendency of SPX 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 PriceHorizonTarget PriceOdds to stay above $ 120.23  in 90 days
 160.83 90 days 120.23 
close to 99
Based on a normal probability distribution, the odds of SPX Corp to stay above $ 120.23  in 90 days from now is close to 99 (This SPX Corp probability density function shows the probability of SPX Stock to fall within a particular range of prices over 90 days) . Probability of SPX Corp price to stay between $ 120.23  and its current price of $160.83 at the end of the 90-day period is about 43.55 .
Given the investment horizon of 90 days the stock has the beta coefficient of 2.15 . This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, SPX Corp will likely underperform. Additionally SPX 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.
   SPX Corp Price Density   
       Price  

Predictive Modules for SPX Corp

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as SPX 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.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SPX Corp's 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.
Hype
Prediction
LowEstimatedHigh
156.93159.32161.71
Details
Intrinsic
Valuation
LowRealHigh
125.41127.80174.94
Details
Naive
Forecast
LowNextHigh
139.81142.20144.60
Details
6 Analysts
Consensus
LowTargetHigh
86.2294.75105.17
Details

SPX Corp Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. SPX Corp is not an exception. The market had few large corrections towards the SPX Corp'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 SPX Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of SPX Corp within the framework of very fundamental risk indicators.
α
Alpha over Dow Jones
-0.06
β
Beta against Dow Jones2.15
σ
Overall volatility
8.96
Ir
Information ratio 0.03

SPX Corp 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 SPX Corp for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for SPX 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.
Over 96.0% of the company shares are owned by institutional investors
Latest headline from news.google.com: SPX Technologies Running Too Hot Here - Seeking Alpha

SPX Corp 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 SPX Stock often depends not only on the future outlook of the current and potential SPX Corp'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. SPX Corp's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding46.6 M
Cash And Short Term Investments99.4 M

SPX Corp Technical Analysis

SPX Corp's future price can be derived by breaking down and analyzing its technical indicators over time. SPX Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of SPX Corp. In general, you should focus on analyzing SPX Stock price patterns and their correlations with different microeconomic environments and drivers.

SPX Corp Predictive Forecast Models

SPX Corp's time-series forecasting models is one of many SPX Corp'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 SPX Corp'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 SPX Corp

Checking the ongoing alerts about SPX Corp for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for SPX Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Over 96.0% of the company shares are owned by institutional investors
Latest headline from news.google.com: SPX Technologies Running Too Hot Here - Seeking Alpha
When determining whether SPX Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of SPX Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Spx Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Spx Corp Stock:
Check out SPX Corp Backtesting, SPX Corp Valuation, SPX Corp Correlation, SPX Corp Hype Analysis, SPX Corp Volatility, SPX Corp History as well as SPX Corp Performance.
For information on how to trade SPX Stock refer to our How to Trade SPX Stock guide.
You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Is Industrial Machinery & Supplies & Components 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 SPX Corp. If investors know SPX 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 SPX Corp 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
0.218
Earnings Share
3.76
Revenue Per Share
41.721
Quarterly Revenue Growth
0.078
Return On Assets
0.074
The market value of SPX Corp is measured differently than its book value, which is the value of SPX that is recorded on the company's balance sheet. Investors also form their own opinion of SPX Corp's value that differs from its market value or its book value, called intrinsic value, which is SPX Corp'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 SPX Corp's market value can be influenced by many factors that don't directly affect SPX Corp'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 SPX Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPX Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPX Corp'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.