Seneca Foods Corp Stock Probability of Future Stock Price Finishing Over 69.77
| SENEB Stock | USD 79.41 0.00 0.00% |
Seneca |
Seneca Foods Target Price Odds to finish over 69.77
The tendency of Seneca 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 stay above $ 69.77 in 90 days |
| 79.41 | 90 days | 69.77 | about 25.37 |
Based on a normal probability distribution, the odds of Seneca Foods to stay above $ 69.77 in 90 days from now is about 25.37 (This Seneca Foods Corp probability density function shows the probability of Seneca Stock to fall within a particular range of prices over 90 days) . Probability of Seneca Foods Corp price to stay between $ 69.77 and its current price of $79.41 at the end of the 90-day period is about 14.07 .
Assuming the 90 days horizon Seneca Foods Corp has a beta of -0.43. This usually implies as returns on the benchmark increase, returns on holding Seneca Foods are expected to decrease at a much lower rate. During a bear market, however, Seneca Foods Corp is likely to outperform the market. Additionally Seneca Foods Corp has an alpha of 0.3893, implying that it can generate a 0.39 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Seneca Foods Price Density |
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Predictive Modules for Seneca Foods
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Seneca Foods 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 Seneca Foods' 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.
Seneca Foods Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Seneca Foods is not an exception. The market had few large corrections towards the Seneca Foods' 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 Seneca Foods Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Seneca Foods within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.39 | |
β | Beta against Dow Jones | -0.43 | |
σ | Overall volatility | 17.59 | |
Ir | Information ratio | 0.15 |
Seneca Foods 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 Seneca Foods for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Seneca Foods 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.| Seneca Foods Corp appears to be risky and price may revert if volatility continues | |
| Seneca Foods Corp has accumulated about 12.24 M in cash with (82.96 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.54. | |
| Seneca Foods Corp has a poor financial position based on the latest SEC disclosures | |
| Roughly 86.0% of the company outstanding shares are owned by corporate insiders |
Seneca Foods 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 Seneca Stock often depends not only on the future outlook of the current and potential Seneca Foods' 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. Seneca Foods' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 7.4 M | |
| Cash And Short Term Investments | 4.5 M |
Seneca Foods Technical Analysis
Seneca Foods' future price can be derived by breaking down and analyzing its technical indicators over time. Seneca Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Seneca Foods Corp. In general, you should focus on analyzing Seneca Stock price patterns and their correlations with different microeconomic environments and drivers.
Seneca Foods Predictive Forecast Models
Seneca Foods' time-series forecasting models is one of many Seneca Foods' 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 Seneca Foods' 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 Seneca Foods Corp
Checking the ongoing alerts about Seneca Foods for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Seneca Foods Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Seneca Foods Corp appears to be risky and price may revert if volatility continues | |
| Seneca Foods Corp has accumulated about 12.24 M in cash with (82.96 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.54. | |
| Seneca Foods Corp has a poor financial position based on the latest SEC disclosures | |
| Roughly 86.0% of the company outstanding shares are owned by corporate insiders |
Check out Seneca Foods Backtesting, Seneca Foods Valuation, Seneca Foods Correlation, Seneca Foods Hype Analysis, Seneca Foods Volatility, Seneca Foods History as well as Seneca Foods Performance. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Is Food Products 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 Seneca Foods. If investors know Seneca 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 Seneca Foods 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 (0.42) | Earnings Share 5.96 | Revenue Per Share 211.009 | Quarterly Revenue Growth 0.044 | Return On Assets 0.0366 |
The market value of Seneca Foods Corp is measured differently than its book value, which is the value of Seneca that is recorded on the company's balance sheet. Investors also form their own opinion of Seneca Foods' value that differs from its market value or its book value, called intrinsic value, which is Seneca Foods' 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 Seneca Foods' market value can be influenced by many factors that don't directly affect Seneca Foods' 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 Seneca Foods' value and its price as these two are different measures arrived at by different means. Investors typically determine if Seneca Foods is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Seneca Foods' 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.