SportsHero (Australia) Probability of Future Stock Price Finishing Over 0.0171
| SHO Stock | 0.02 0 5.26% |
SportsHero |
SportsHero Target Price Odds to finish over 0.0171
The tendency of SportsHero 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 0.02 in 90 days |
| 0.02 | 90 days | 0.02 | about 16.38 |
Based on a normal probability distribution, the odds of SportsHero to stay above 0.02 in 90 days from now is about 16.38 (This SportsHero probability density function shows the probability of SportsHero Stock to fall within a particular range of prices over 90 days) . Probability of SportsHero price to stay between 0.02 and its current price of 0.018 at the end of the 90-day period is about 5.08 .
Assuming the 90 days trading horizon SportsHero has a beta of 0.24. This usually implies as returns on the market go up, SportsHero average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding SportsHero will be expected to be much smaller as well. Moreover SportsHero has an alpha of 1.8591, implying that it can generate a 1.86 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). SportsHero Price Density |
| Price |
Predictive Modules for SportsHero
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as SportsHero. 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.SportsHero Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. SportsHero is not an exception. The market had few large corrections towards the SportsHero'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 SportsHero, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of SportsHero within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 1.86 | |
β | Beta against Dow Jones | 0.24 | |
σ | Overall volatility | 0 | |
Ir | Information ratio | 0.26 |
SportsHero 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 SportsHero for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for SportsHero can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| SportsHero is way too risky over 90 days horizon | |
| SportsHero has some characteristics of a very speculative penny stock | |
| SportsHero appears to be risky and price may revert if volatility continues | |
| SportsHero has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 8.54 K. Net Loss for the year was (931.62 K) with loss before overhead, payroll, taxes, and interest of (1.06 M). | |
| SportsHero generates negative cash flow from operations | |
| About 45.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: SportsHero Limited Reveals New Financing Developments - MSN |
SportsHero 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 SportsHero Stock often depends not only on the future outlook of the current and potential SportsHero'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. SportsHero's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 599.5 M | |
| Cash And Short Term Investments | 26.7 K |
SportsHero Technical Analysis
SportsHero's future price can be derived by breaking down and analyzing its technical indicators over time. SportsHero Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of SportsHero. In general, you should focus on analyzing SportsHero Stock price patterns and their correlations with different microeconomic environments and drivers.
SportsHero Predictive Forecast Models
SportsHero's time-series forecasting models is one of many SportsHero'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 SportsHero'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 SportsHero
Checking the ongoing alerts about SportsHero for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for SportsHero help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| SportsHero is way too risky over 90 days horizon | |
| SportsHero has some characteristics of a very speculative penny stock | |
| SportsHero appears to be risky and price may revert if volatility continues | |
| SportsHero has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 8.54 K. Net Loss for the year was (931.62 K) with loss before overhead, payroll, taxes, and interest of (1.06 M). | |
| SportsHero generates negative cash flow from operations | |
| About 45.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: SportsHero Limited Reveals New Financing Developments - MSN |
Additional Tools for SportsHero Stock Analysis
When running SportsHero's price analysis, check to measure SportsHero's 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 SportsHero is operating at the current time. Most of SportsHero's value examination focuses on studying past and present price action to predict the probability of SportsHero's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SportsHero's price. Additionally, you may evaluate how the addition of SportsHero to your portfolios can decrease your overall portfolio volatility.