Summit Midstream Stock Probability of Future Stock Price Finishing Under 33.92
| SMC Stock | 37.78 0.97 2.64% |
Summit |
Summit Midstream Target Price Odds to finish below 33.92
The tendency of Summit 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 33.92 or more in 90 days |
| 37.78 | 90 days | 33.92 | nearly 4.08 |
Based on a normal probability distribution, the odds of Summit Midstream to drop to 33.92 or more in 90 days from now is nearly 4.08 (This Summit Midstream probability density function shows the probability of Summit Stock to fall within a particular range of prices over 90 days) . Probability of Summit Midstream price to stay between 33.92 and its current price of 37.78 at the end of the 90-day period is about 90.3 .
Considering the 90-day investment horizon Summit Midstream has a beta of 0.49. This usually implies as returns on the market go up, Summit Midstream average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Summit Midstream will be expected to be much smaller as well. Additionally Summit Midstream has an alpha of 0.1444, implying that it can generate a 0.14 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Summit Midstream Price Density |
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Predictive Modules for Summit Midstream
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Summit Midstream. 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.Summit Midstream Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Summit Midstream is not an exception. The market had few large corrections towards the Summit Midstream'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 Summit Midstream, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Summit Midstream within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.14 | |
β | Beta against Dow Jones | 0.49 | |
σ | Overall volatility | 1.16 | |
Ir | Information ratio | 0.07 |
Summit Midstream 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 Summit Midstream for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Summit Midstream can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Summit Midstream has high likelihood to experience some financial distress in the next 2 years | |
| Summit Midstream was previously known as Summit Midstream Partners and was traded on New York Stock Exchange under the symbol SMLP. | |
| The company reported the last year's revenue of 458.9 M. Reported Net Loss for the year was (38.95 M) with profit before taxes, overhead, and interest of 0. | |
| Summit Midstream has a poor financial position based on the latest SEC disclosures | |
| About 13.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from thelincolnianonline.com: Analyzing Summit Midstream and Its Competitors |
Summit Midstream 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 Summit Stock often depends not only on the future outlook of the current and potential Summit Midstream'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. Summit Midstream's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 10.3 M | |
| Cash And Short Term Investments | 14 M |
Summit Midstream Technical Analysis
Summit Midstream's future price can be derived by breaking down and analyzing its technical indicators over time. Summit Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Summit Midstream. In general, you should focus on analyzing Summit Stock price patterns and their correlations with different microeconomic environments and drivers.
Summit Midstream Predictive Forecast Models
Summit Midstream's time-series forecasting models is one of many Summit Midstream'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 Summit Midstream's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the mo