Snam Spa Adr Stock Odds of Future Pink Sheet Price Finishing Over 8.24
| SNMRY Stock | USD 9.17 0.11 1.21% |
Snam |
Snam SpA Target Price Odds to finish over 8.24
The tendency of Snam Pink Sheet 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 $ 8.24 in 90 days |
| 9.17 | 90 days | 8.24 | close to 99 |
Based on a normal probability distribution, the odds of Snam SpA to stay above $ 8.24 in 90 days from now is close to 99 (This Snam SpA ADR probability density function shows the probability of Snam Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Snam SpA ADR price to stay between $ 8.24 and its current price of $9.17 at the end of the 90-day period is about 15.85 .
Assuming the 90 days horizon Snam SpA has a beta of 0.29. This usually implies as returns on the market go up, Snam SpA average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Snam SpA ADR will be expected to be much smaller as well. Additionally Snam SpA ADR has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Snam SpA Price Density |
| Price |
Predictive Modules for Snam SpA
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Snam SpA ADR. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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 Snam SpA'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.
Snam SpA Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Snam SpA is not an exception. The market had few large corrections towards the Snam SpA'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 Snam SpA ADR, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Snam SpA within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.17 | |
β | Beta against NYSE Composite | 0.29 | |
σ | Overall volatility | 0.29 | |
Ir | Information ratio | -0.19 |
Snam SpA 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 Snam SpA for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Snam SpA ADR can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Snam SpA ADR generated a negative expected return over the last 90 days | |
| The company has accumulated 10.36 B in total debt with debt to equity ratio (D/E) of 1.87, which is about average as compared to similar companies. Snam SpA ADR has a current ratio of 0.79, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Snam SpA until it has trouble settling it off, either with new capital or with free cash flow. So, Snam SpA's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Snam SpA ADR sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Snam to invest in growth at high rates of return. When we think about Snam SpA's use of debt, we should always consider it together with cash and equity. |
Snam SpA 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 Snam Pink Sheet often depends not only on the future outlook of the current and potential Snam SpA'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. Snam SpA's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 3.3 B |
Snam SpA Technical Analysis
Snam SpA's future price can be derived by breaking down and analyzing its technical indicators over time. Snam Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Snam SpA ADR. In general, you should focus on analyzing Snam Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Snam SpA Predictive Forecast Models
Snam SpA's time-series forecasting models is one of many Snam SpA's pink sheet 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 Snam SpA'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 pink sheet market movement and maximize returns from investment trading.
Things to note about Snam SpA ADR
Checking the ongoing alerts about Snam SpA for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Snam SpA ADR help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Snam SpA ADR generated a negative expected return over the last 90 days | |
| The company has accumulated 10.36 B in total debt with debt to equity ratio (D/E) of 1.87, which is about average as compared to similar companies. Snam SpA ADR has a current ratio of 0.79, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Snam SpA until it has trouble settling it off, either with new capital or with free cash flow. So, Snam SpA's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Snam SpA ADR sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Snam to invest in growth at high rates of return. When we think about Snam SpA's use of debt, we should always consider it together with cash and equity. |
Check out Snam SpA Backtesting, Snam SpA Valuation, Snam SpA Correlation, Snam SpA Hype Analysis, Snam SpA Volatility, Snam SpA History as well as Snam SpA Performance. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Complementary Tools for Snam Pink Sheet analysis
When running Snam SpA's price analysis, check to measure Snam SpA'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 Snam SpA is operating at the current time. Most of Snam SpA's value examination focuses on studying past and present price action to predict the probability of Snam SpA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Snam SpA's price. Additionally, you may evaluate how the addition of Snam SpA to your portfolios can decrease your overall portfolio volatility.
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