Top Ships Stock Probability of Future Stock Price Finishing Over 7.8
| TOPS Stock | USD 7.59 0.01 0.13% |
TOP |
TOP Ships Target Price Odds to finish over 7.8
The tendency of TOP 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 $ 7.80 or more in 90 days |
| 7.59 | 90 days | 7.80 | about 87.83 |
Based on a normal probability distribution, the odds of TOP Ships to move over $ 7.80 or more in 90 days from now is about 87.83 (This TOP Ships probability density function shows the probability of TOP Stock to fall within a particular range of prices over 90 days) . Probability of TOP Ships price to stay between its current price of $ 7.59 and $ 7.80 at the end of the 90-day period is about 6.18 .
Given the investment horizon of 90 days TOP Ships has a beta of 0.16. This usually implies as returns on the market go up, TOP Ships average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding TOP Ships will be expected to be much smaller as well. Additionally TOP Ships 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. TOP Ships Price Density |
| Price |
Predictive Modules for TOP Ships
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as TOP Ships. 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.TOP Ships Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. TOP Ships is not an exception. The market had few large corrections towards the TOP Ships' 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 TOP Ships, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of TOP Ships within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.26 | |
β | Beta against Dow Jones | 0.16 | |
σ | Overall volatility | 0.54 | |
Ir | Information ratio | -0.15 |
TOP Ships 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 TOP Ships for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for TOP Ships can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| TOP Ships generated a negative expected return over the last 90 days | |
| TOP Ships has high likelihood to experience some financial distress in the next 2 years | |
| TOP Ships currently holds 260.83 M in liabilities with Debt to Equity (D/E) ratio of 1.43, which is about average as compared to similar companies. TOP Ships has a current ratio of 0.46, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about TOP Ships' use of debt, we should always consider it together with its cash and equity. | |
| About 75.0% of TOP Ships outstanding shares are owned by corporate insiders | |
| Latest headline from businesswire.com: Aurora, King Power, M-150, Royal Umbrella, TOPS, TrueOnline, and VISTRA are among the Winners of the 2024-2025 World Branding Awards |
TOP Ships 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 TOP Stock often depends not only on the future outlook of the current and potential TOP Ships' 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. TOP Ships' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.8 M | |
| Cash And Short Term Investments | 36 M |
TOP Ships Technical Analysis
TOP Ships' future price can be derived by breaking down and analyzing its technical indicators over time. TOP Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of TOP Ships. In general, you should focus on analyzing TOP Stock price patterns and their correlations with different microeconomic environments and drivers.
TOP Ships Predictive Forecast Models
TOP Ships' time-series forecasting models is one of many TOP Ships' 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 TOP Ships' 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 TOP Ships
Checking the ongoing alerts about TOP Ships for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for TOP Ships help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| TOP Ships generated a negative expected return over the last 90 days | |
| TOP Ships has high likelihood to experience some financial distress in the next 2 years | |
| TOP Ships currently holds 260.83 M in liabilities with Debt to Equity (D/E) ratio of 1.43, which is about average as compared to similar companies. TOP Ships has a current ratio of 0.46, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about TOP Ships' use of debt, we should always consider it together with its cash and equity. | |
| About 75.0% of TOP Ships outstanding shares are owned by corporate insiders | |
| Latest headline from businesswire.com: Aurora, King Power, M-150, Royal Umbrella, TOPS, TrueOnline, and VISTRA are among the Winners of the 2024-2025 World Branding Awards |
Additional Tools for TOP Stock Analysis
When running TOP Ships' price analysis, check to measure TOP Ships' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy TOP Ships is operating at the current time. Most of TOP Ships' value examination focuses on studying past and present price action to predict the probability of TOP Ships' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TOP Ships' price. Additionally, you may evaluate how the addition of TOP Ships to your portfolios can decrease your overall portfolio volatility.