Steel Connect Stock Probability of Future Stock Price Finishing Over 12.82
| STCN Stock | USD 9.90 0.13 1.30% |
Steel |
Steel Connect Target Price Odds to finish over 12.82
The tendency of Steel 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 $ 12.82 or more in 90 days |
| 9.90 | 90 days | 12.82 | near 1 |
Based on a normal probability distribution, the odds of Steel Connect to move over $ 12.82 or more in 90 days from now is near 1 (This Steel Connect probability density function shows the probability of Steel Stock to fall within a particular range of prices over 90 days) . Probability of Steel Connect price to stay between its current price of $ 9.90 and $ 12.82 at the end of the 90-day period is about 86.56 .
Given the investment horizon of 90 days Steel Connect has a beta of 0.1. This usually implies as returns on the market go up, Steel Connect average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Steel Connect will be expected to be much smaller as well. Additionally Steel Connect 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. Steel Connect Price Density |
| Price |
Predictive Modules for Steel Connect
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Steel Connect. 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 Steel Connect'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.
Steel Connect Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Steel Connect is not an exception. The market had few large corrections towards the Steel Connect'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 Steel Connect, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Steel Connect within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.23 | |
β | Beta against Dow Jones | 0.10 | |
σ | Overall volatility | 0.65 | |
Ir | Information ratio | -0.11 |
Steel Connect 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 Steel Connect for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Steel Connect can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Steel Connect generated a negative expected return over the last 90 days | |
| Steel Connect has high historical volatility and very poor performance | |
| Steel Connect is unlikely to experience financial distress in the next 2 years | |
| Steel Connect has a poor financial position based on the latest SEC disclosures | |
| About 67.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Steel Connect Inc Q4 Earnings Net Revenue Rises 12.4 percent to 45.9M, Net Income Falls 19. ... |
Steel Connect 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 Steel Stock often depends not only on the future outlook of the current and potential Steel Connect'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. Steel Connect's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 28.6 M | |
| Cash And Short Term Investments | 248.6 M |
Steel Connect Technical Analysis
Steel Connect's future price can be derived by breaking down and analyzing its technical indicators over time. Steel Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Steel Connect. In general, you should focus on analyzing Steel Stock price patterns and their correlations with different microeconomic environments and drivers.
Steel Connect Predictive Forecast Models
Steel Connect's time-series forecasting models is one of many Steel Connect'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 Steel Connect'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 Steel Connect
Checking the ongoing alerts about Steel Connect for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Steel Connect help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Steel Connect generated a negative expected return over the last 90 days | |
| Steel Connect has high historical volatility and very poor performance | |
| Steel Connect is unlikely to experience financial distress in the next 2 years | |
| Steel Connect has a poor financial position based on the latest SEC disclosures | |
| About 67.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Steel Connect Inc Q4 Earnings Net Revenue Rises 12.4 percent to 45.9M, Net Income Falls 19. ... |
Check out Steel Connect Backtesting, Steel Connect Valuation, Steel Connect Correlation, Steel Connect Hype Analysis, Steel Connect Volatility, Steel Connect History as well as Steel Connect Performance. To learn how to invest in Steel Stock, please use our How to Invest in Steel Connect guide.You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Is Data Processing & Outsourced Services 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 Steel Connect. If investors know Steel 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 Steel Connect 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 (0.20) | Earnings Share 3.11 | Revenue Per Share 28.001 | Quarterly Revenue Growth 0.124 | Return On Assets 0.0104 |
The market value of Steel Connect is measured differently than its book value, which is the value of Steel that is recorded on the company's balance sheet. Investors also form their own opinion of Steel Connect's value that differs from its market value or its book value, called intrinsic value, which is Steel Connect'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 Steel Connect's market value can be influenced by many factors that don't directly affect Steel Connect'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 Steel Connect's value and its price as these two are different measures arrived at by different means. Investors typically determine if Steel Connect is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Steel Connect'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.