Ls Starrett Stock Probability of Future Stock Price Finishing Over 6.68
| SCX Stock | USD 16.03 0.02 0.12% |
SCX |
LS Starrett Target Price Odds to finish over 6.68
The tendency of SCX 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 $ 6.68 in 90 days |
| 16.03 | 90 days | 6.68 | close to 99 |
Based on a normal probability distribution, the odds of LS Starrett to stay above $ 6.68 in 90 days from now is close to 99 (This LS Starrett probability density function shows the probability of SCX Stock to fall within a particular range of prices over 90 days) . Probability of LS Starrett price to stay between $ 6.68 and its current price of $16.03 at the end of the 90-day period is about 82.95 .
Considering the 90-day investment horizon LS Starrett has a beta of 0.11. This usually implies as returns on the market go up, LS Starrett average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding LS Starrett will be expected to be much smaller as well. Additionally LS Starrett has an alpha of 0.634, implying that it can generate a 0.63 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). LS Starrett Price Density |
| Price |
Predictive Modules for LS Starrett
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as LS Starrett. 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 LS Starrett's 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.
LS Starrett Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. LS Starrett is not an exception. The market had few large corrections towards the LS Starrett'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 LS Starrett, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of LS Starrett within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.63 | |
β | Beta against NYSE Composite | 0.11 | |
σ | Overall volatility | 2.30 | |
Ir | Information ratio | 0.07 |
LS Starrett 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 LS Starrett for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for LS Starrett can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| LS Starrett is way too risky over 90 days horizon | |
| LS Starrett appears to be risky and price may revert if volatility continues | |
| About 15.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: L.S. Starrett Earns Buy Rating from Analysts at StockNews.com - MarketBeat |
LS Starrett 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 SCX Stock often depends not only on the future outlook of the current and potential LS Starrett'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. LS Starrett's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 7.6 M | |
| Cash And Short Term Investments | 10.5 M |
LS Starrett Technical Analysis
LS Starrett's future price can be derived by breaking down and analyzing its technical indicators over time. SCX Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of LS Starrett. In general, you should focus on analyzing SCX Stock price patterns and their correlations with different microeconomic environments and drivers.
LS Starrett Predictive Forecast Models
LS Starrett's time-series forecasting models is one of many LS Starrett'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 LS Starrett'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 LS Starrett
Checking the ongoing alerts about LS Starrett for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for LS Starrett help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| LS Starrett is way too risky over 90 days horizon | |
| LS Starrett appears to be risky and price may revert if volatility continues | |
| About 15.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: L.S. Starrett Earns Buy Rating from Analysts at StockNews.com - MarketBeat |
Check out LS Starrett Backtesting, LS Starrett Valuation, LS Starrett Correlation, LS Starrett Hype Analysis, LS Starrett Volatility, LS Starrett History as well as LS Starrett Performance. For more information on how to buy SCX Stock please use our How to Invest in LS Starrett guide.Note that the LS Starrett information on this page should be used as a complementary analysis to other LS Starrett's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Complementary Tools for SCX Stock analysis
When running LS Starrett's price analysis, check to measure LS Starrett'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 LS Starrett is operating at the current time. Most of LS Starrett's value examination focuses on studying past and present price action to predict the probability of LS Starrett's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move LS Starrett's price. Additionally, you may evaluate how the addition of LS Starrett to your portfolios can decrease your overall portfolio volatility.
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Is LS Starrett's industry 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 LS Starrett. If investors know SCX 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 LS Starrett 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 (0.07) | Earnings Share 2.57 | Revenue Per Share 33.787 | Quarterly Revenue Growth (0.07) | Return On Assets 0.0792 |
The market value of LS Starrett is measured differently than its book value, which is the value of SCX that is recorded on the company's balance sheet. Investors also form their own opinion of LS Starrett's value that differs from its market value or its book value, called intrinsic value, which is LS Starrett'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 LS Starrett's market value can be influenced by many factors that don't directly affect LS Starrett'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 LS Starrett's value and its price as these two are different measures arrived at by different means. Investors typically determine if LS Starrett is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, LS Starrett'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.