Step Energy Services Stock Probability of Future Stock Price Finishing Under 5.07
| STEP Stock | CAD 5.10 0.06 1.16% |
STEP |
STEP Energy Target Price Odds to finish below 5.07
The tendency of STEP 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 C$ 5.07 or more in 90 days |
| 5.10 | 90 days | 5.07 | more than 94.0 |
Based on a normal probability distribution, the odds of STEP Energy to drop to C$ 5.07 or more in 90 days from now is more than 94.0 (This STEP Energy Services probability density function shows the probability of STEP Stock to fall within a particular range of prices over 90 days) . Probability of STEP Energy Services price to stay between C$ 5.07 and its current price of C$5.1 at the end of the 90-day period is near 1 .
Assuming the 90 days trading horizon STEP Energy Services has a beta of -0.65. This usually implies as returns on the benchmark increase, returns on holding STEP Energy are expected to decrease at a much lower rate. During a bear market, however, STEP Energy Services is likely to outperform the market. Additionally STEP Energy Services has an alpha of 0.4648, implying that it can generate a 0.46 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). STEP Energy Price Density |
| Price |
Predictive Modules for STEP Energy
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as STEP Energy Services. 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.STEP Energy Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. STEP Energy is not an exception. The market had few large corrections towards the STEP Energy'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 STEP Energy Services, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of STEP Energy within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.46 | |
β | Beta against Dow Jones | -0.65 | |
σ | Overall volatility | 0.61 | |
Ir | Information ratio | 0.05 |
STEP Energy 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 STEP Energy for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for STEP Energy Services can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| STEP Energy Services had very high historical volatility over the last 90 days | |
| STEP Energy Services is unlikely to experience financial distress in the next 2 years | |
| The company has C$113.63 Million in debt which may indicate that it relies heavily on debt financing | |
| About 58.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: STEP Energy Offers 40 percent Premium in New Deal - TipRanks |
STEP Energy 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 STEP Stock often depends not only on the future outlook of the current and potential STEP Energy'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. STEP Energy's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 75.2 M | |
| Cash And Short Term Investments | 1.8 M |
STEP Energy Technical Analysis
STEP Energy's future price can be derived by breaking down and analyzing its technical indicators over time. STEP Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of STEP Energy Services. In general, you should focus on analyzing STEP Stock price patterns and their correlations with different microeconomic environments and drivers.
STEP Energy Predictive Forecast Models
STEP Energy's time-series forecasting models is one of many STEP Energy'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 STEP Energy'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 STEP Energy Services
Checking the ongoing alerts about STEP Energy for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for STEP Energy Services help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| STEP Energy Services had very high historical volatility over the last 90 days | |
| STEP Energy Services is unlikely to experience financial distress in the next 2 years | |
| The company has C$113.63 Million in debt which may indicate that it relies heavily on debt financing | |
| About 58.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: STEP Energy Offers 40 percent Premium in New Deal - TipRanks |
Other Information on Investing in STEP Stock
STEP Energy financial ratios help investors to determine whether STEP Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in STEP with respect to the benefits of owning STEP Energy security.