Companhia Siderurgica Nacional Stock Probability of Future Stock Price Finishing Over 1.85
| SID Stock | USD 1.44 0.03 2.04% |
Companhia |
Companhia Siderurgica Target Price Odds to finish over 1.85
The tendency of Companhia 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 $ 1.85 or more in 90 days |
| 1.44 | 90 days | 1.85 | about 73.4 |
Based on a normal probability distribution, the odds of Companhia Siderurgica to move over $ 1.85 or more in 90 days from now is about 73.4 (This Companhia Siderurgica Nacional probability density function shows the probability of Companhia Stock to fall within a particular range of prices over 90 days) . Probability of Companhia Siderurgica price to stay between its current price of $ 1.44 and $ 1.85 at the end of the 90-day period is about 25.61 .
Considering the 90-day investment horizon Companhia Siderurgica has a beta of 0.35. This usually implies as returns on the market go up, Companhia Siderurgica average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Companhia Siderurgica Nacional will be expected to be much smaller as well. Additionally Companhia Siderurgica Nacional 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. Companhia Siderurgica Price Density |
| Price |
Predictive Modules for Companhia Siderurgica
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Companhia Siderurgica. 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.Companhia Siderurgica Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Companhia Siderurgica is not an exception. The market had few large corrections towards the Companhia Siderurgica'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 Companhia Siderurgica Nacional, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Companhia Siderurgica within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.64 | |
β | Beta against Dow Jones | 0.35 | |
σ | Overall volatility | 0.24 | |
Ir | Information ratio | -0.21 |
Companhia Siderurgica 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 Companhia Siderurgica for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Companhia Siderurgica can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Companhia Siderurgica generated a negative expected return over the last 90 days | |
| Companhia Siderurgica may become a speculative penny stock | |
| The company reported the last year's revenue of 45.44 B. Reported Net Loss for the year was (318.21 M) with profit before taxes, overhead, and interest of 13.07 B. | |
| Latest headline from gurufocus.com: Brazilian Steelmaker Sees Stock Drop Amid Industry Volatility |
Companhia Siderurgica 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 Companhia Stock often depends not only on the future outlook of the current and potential Companhia Siderurgica'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. Companhia Siderurgica's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.3 B | |
| Cash And Short Term Investments | 17.6 B |
Companhia Siderurgica Technical Analysis
Companhia Siderurgica's future price can be derived by breaking down and analyzing its technical indicators over time. Companhia Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Companhia Siderurgica Nacional. In general, you should focus on analyzing Companhia Stock price patterns and their correlations with different microeconomic environments and drivers.
Companhia Siderurgica Predictive Forecast Models
Companhia Siderurgica's time-series forecasting models is one of many Companhia Siderurgica'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 Companhia Siderurgica'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 Companhia Siderurgica
Checking the ongoing alerts about Companhia Siderurgica for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Companhia Siderurgica help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Companhia Siderurgica generated a negative expected return over the last 90 days | |
| Companhia Siderurgica may become a speculative penny stock | |
| The company reported the last year's revenue of 45.44 B. Reported Net Loss for the year was (318.21 M) with profit before taxes, overhead, and interest of 13.07 B. | |
| Latest headline from gurufocus.com: Brazilian Steelmaker Sees Stock Drop Amid Industry Volatility |
Check out Companhia Siderurgica Backtesting, Companhia Siderurgica Valuation, Companhia Siderurgica Correlation, Companhia Siderurgica Hype Analysis, Companhia Siderurgica Volatility, Companhia Siderurgica History as well as Companhia Siderurgica Performance. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Is Metals & Mining 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 Companhia Siderurgica. If investors know Companhia 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 Companhia Siderurgica 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 33.206 | Dividend Share 0.716 | Earnings Share (0.17) | Revenue Per Share 32.926 | Quarterly Revenue Growth (0.01) |
The market value of Companhia Siderurgica is measured differently than its book value, which is the value of Companhia that is recorded on the company's balance sheet. Investors also form their own opinion of Companhia Siderurgica's value that differs from its market value or its book value, called intrinsic value, which is Companhia Siderurgica's 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 Companhia Siderurgica's market value can be influenced by many factors that don't directly affect Companhia Siderurgica's 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 Companhia Siderurgica's value and its price as these two are different measures arrived at by different means. Investors typically determine if Companhia Siderurgica is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Companhia Siderurgica's 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.