Sunation Energy Stock Probability of Future Stock Price Finishing Over 4.73
| SUNE Stock | 2.58 0.07 2.79% |
SUNation |
SUNation Energy Target Price Odds to finish over 4.73
The tendency of SUNation 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 4.73 or more in 90 days |
| 2.58 | 90 days | 4.73 | about 23.65 |
Based on a normal probability distribution, the odds of SUNation Energy to move over 4.73 or more in 90 days from now is about 23.65 (This SUNation Energy probability density function shows the probability of SUNation Stock to fall within a particular range of prices over 90 days) . Probability of SUNation Energy price to stay between its current price of 2.58 and 4.73 at the end of the 90-day period is about 58.56 .
Given the investment horizon of 90 days SUNation Energy has a beta of 0.38. This usually implies as returns on the market go up, SUNation Energy average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding SUNation Energy will be expected to be much smaller as well. Additionally SUNation Energy 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. SUNation Energy Price Density |
| Price |
Predictive Modules for SUNation Energy
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as SUNation Energy. 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.SUNation Energy Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. SUNation Energy is not an exception. The market had few large corrections towards the SUNation Energy'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 SUNation Energy, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of SUNation Energy within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.68 | |
β | Beta against Dow Jones | 0.38 | |
σ | Overall volatility | 1.31 | |
Ir | Information ratio | -0.07 |
SUNation Energy 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 SUNation Energy for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for SUNation Energy can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| SUNation Energy generated a negative expected return over the last 90 days | |
| SUNation Energy has high historical volatility and very poor performance | |
| SUNation Energy has high likelihood to experience some financial distress in the next 2 years | |
| SUNation Energy was previously known as PEGY Old and was traded on NASDAQ Exchange under the symbol PEGY. | |
| Net Loss for the year was (1.18 B) with profit before overhead, payroll, taxes, and interest of 0. | |
| SUNation Energy currently holds about 1.26 B in cash with (770 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 7.56, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Latest headline from benzinga.com: Awareness Group Launches New Financing Options Citing Strong Performance Of Its Residential PPA |
SUNation Energy Technical Analysis
SUNation Energy's future price can be derived by breaking down and analyzing its technical indicators over time. SUNation Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of SUNation Energy. In general, you should focus on analyzing SUNation Stock price patterns and their correlations with different microeconomic environments and drivers.
SUNation Energy Predictive Forecast Models
SUNation Energy's time-series forecasting models is one of many SUNation Energy'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 SUNation Energy'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 SUNation Energy
Checking the ongoing alerts about SUNation Energy for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for SUNation Energy help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| SUNation Energy generated a negative expected return over the last 90 days | |
| SUNation Energy has high historical volatility and very poor performance | |
| SUNation Energy has high likelihood to experience some financial distress in the next 2 years | |
| SUNation Energy was previously known as PEGY Old and was traded on NASDAQ Exchange under the symbol PEGY. | |
| Net Loss for the year was (1.18 B) with profit before overhead, payroll, taxes, and interest of 0. | |
| SUNation Energy currently holds about 1.26 B in cash with (770 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 7.56, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Latest headline from benzinga.com: Awareness Group Launches New Financing Options Citing Strong Performance Of Its Residential PPA |
Check out SUNation Energy Backtesting, SUNation Energy Valuation, SUNation Energy Correlation, SUNation Energy Hype Analysis, SUNation Energy Volatility, SUNation Energy History as well as SUNation Energy Performance. For information on how to trade SUNation Stock refer to our How to Trade SUNation Stock guide.You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Is Electronic Equipment 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 SUNation Energy. If investors know SUNation 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 SUNation Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of SUNation Energy is measured differently than its book value, which is the value of SUNation that is recorded on the company's balance sheet. Investors also form their own opinion of SUNation Energy's value that differs from its market value or its book value, called intrinsic value, which is SUNation Energy'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 SUNation Energy's market value can be influenced by many factors that don't directly affect SUNation Energy'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 SUNation Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if SUNation Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SUNation Energy'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.