Spx Corp Stock Odds of Future Stock Price Finishing Under 142.16
| SPXC Stock | USD 158.28 2.55 1.59% |
SPX |
SPX Corp Target Price Odds to finish below 142.16
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 Price | Horizon | Target Price | Odds to drop to $ 142.16 or more in 90 days |
| 158.28 | 90 days | 142.16 | near 1 |
Based on a normal probability distribution, the odds of SPX Corp to drop to $ 142.16 or more in 90 days from now is near 1 (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 $ 142.16 and its current price of $158.28 at the end of the 90-day period is about 30.11 .
Given the investment horizon of 90 days the stock has the beta coefficient of 2.13 . 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.
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 | -0.03 | |
β | Beta against Dow Jones | 2.13 | |
σ | Overall volatility | 8.62 | |
Ir | Information ratio | 0.04 |
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 simplywall.st: A Look At The Fair Value Of SPX Technologies, Inc. |
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 Outstanding | 46.6 M | |
| Cash And Short Term Investments | 99.4 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 simplywall.st: A Look At The Fair Value Of SPX Technologies, Inc. |
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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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 3.75 | 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.