Sumo Logic Probability of Future Stock Price Finishing Under 11.84
| SUMODelisted Stock | USD 12.04 0.00 0.00% |
Sumo |
Sumo Logic Target Price Odds to finish below 11.84
The tendency of Sumo 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 $ 11.84 or more in 90 days |
| 12.04 | 90 days | 11.84 | about 10.92 |
Based on a normal probability distribution, the odds of Sumo Logic to drop to $ 11.84 or more in 90 days from now is about 10.92 (This Sumo Logic probability density function shows the probability of Sumo Stock to fall within a particular range of prices over 90 days) . Probability of Sumo Logic price to stay between $ 11.84 and its current price of $12.04 at the end of the 90-day period is about 76.78 .
Given the investment horizon of 90 days Sumo Logic has a beta of 0.12. This usually implies as returns on the market go up, Sumo Logic average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Sumo Logic will be expected to be much smaller as well. Additionally Sumo Logic 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. Sumo Logic Price Density |
| Price |
Predictive Modules for Sumo Logic
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sumo Logic. 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.Sumo Logic Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Sumo Logic is not an exception. The market had few large corrections towards the Sumo Logic'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 Sumo Logic, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Sumo Logic within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.0041 | |
β | Beta against Dow Jones | 0.12 | |
σ | Overall volatility | 0.08 | |
Ir | Information ratio | -0.19 |
Sumo Logic 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 Sumo Logic for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Sumo Logic can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Sumo Logic is not yet fully synchronised with the market data | |
| Sumo Logic has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 300.67 M. Net Loss for the year was (124.81 M) with profit before overhead, payroll, taxes, and interest of 203.44 M. | |
| Sumo Logic currently holds about 317.56 M in cash with (27.36 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.68. | |
| Over 76.0% of the company shares are owned by institutional investors |
Sumo Logic 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 Sumo Stock often depends not only on the future outlook of the current and potential Sumo Logic'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. Sumo Logic's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 117.8 M | |
| Cash And Short Term Investments | 302.1 M |
Sumo Logic Technical Analysis
Sumo Logic's future price can be derived by breaking down and analyzing its technical indicators over time. Sumo Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Sumo Logic. In general, you should focus on analyzing Sumo Stock price patterns and their correlations with different microeconomic environments and drivers.
Sumo Logic Predictive Forecast Models
Sumo Logic's time-series forecasting models is one of many Sumo Logic'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 Sumo Logic'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 Sumo Logic
Checking the ongoing alerts about Sumo Logic for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Sumo Logic help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Sumo Logic is not yet fully synchronised with the market data | |
| Sumo Logic has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 300.67 M. Net Loss for the year was (124.81 M) with profit before overhead, payroll, taxes, and interest of 203.44 M. | |
| Sumo Logic currently holds about 317.56 M in cash with (27.36 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.68. | |
| Over 76.0% of the company shares are owned by institutional investors |
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Other Consideration for investing in Sumo Stock
If you are still planning to invest in Sumo Logic check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Sumo Logic's history and understand the potential risks before investing.
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