Smart Global Stock Forecast - Day Median Price
| SGH Stock | USD 22.54 0.22 0.99% |
Smart Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Smart Global's historical fundamentals, such as revenue growth or operating cash flow patterns.
Smart |
Open Interest Against 2024-06-21 Smart Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Smart Global's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Smart Global's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Smart Global stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Smart Global's open interest, investors have to compare it to Smart Global's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Smart Global is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Smart. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Smart Global cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Smart Global's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Smart Global's price structures and extracts relationships that further increase the generated results' accuracy.
Median Price is the statistical median of an asset price for a given trading period.| Previous Day Median Price | Day Median Price | Trend |
| 22.45 | 22.19 |
| Check Smart Global Volatility | Backtest Smart Global | Information Ratio |
Smart Global Trading Date Momentum
| On June 13 2024 Smart Global Holdings was traded for 22.54 at the closing time. Highest Smart Global's price during the trading hours was 22.61 and the lowest price during the day was 21.76 . The net volume was 544.4 K. The overall trading history on the 13th of June 2024 did not result in any price rise and fall. The trading price change to current price is 2.35% . |
The median price is the midpoint of the trading periods range.
| Compare Smart Global to competition |
Other Forecasting Options for Smart Global
For every potential investor in Smart, whether a beginner or expert, Smart Global's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Smart Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Smart. Basic forecasting techniques help filter out the noise by identifying Smart Global's price trends.View Smart Global Related Equities
| Risk & Return | Correlation |
Smart Global Holdings Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Smart Global's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Smart Global's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Smart Global Market Strength Events
Market strength indicators help investors to evaluate how Smart Global stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Smart Global shares will generate the highest return on investment. By undertsting and applying Smart Global stock market strength indicators, traders can identify Smart Global Holdings entry and exit signals to maximize returns.
Smart Global Risk Indicators
The analysis of Smart Global's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Smart Global's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting smart stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 2.16 | |||
| Semi Deviation | 4.84 | |||
| Standard Deviation | 3.85 | |||
| Variance | 14.82 | |||
| Downside Variance | 24.3 | |||
| Semi Variance | 23.47 | |||
| Expected Short fall | (2.06) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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Additional Information and Resources on Investing in Smart Stock
When determining whether Smart Global Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Smart Global's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Smart Global Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Smart Global Holdings Stock:Check out Historical Fundamental Analysis of Smart Global to cross-verify your projections. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Is Semiconductors & Semiconductor 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 Smart Global. If investors know Smart 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 Smart Global 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 (0.73) | Earnings Share 0.42 | Revenue Per Share 23.891 | Quarterly Revenue Growth (0.27) | Return On Assets 0.0178 |
The market value of Smart Global Holdings is measured differently than its book value, which is the value of Smart that is recorded on the company's balance sheet. Investors also form their own opinion of Smart Global's value that differs from its market value or its book value, called intrinsic value, which is Smart Global'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 Smart Global's market value can be influenced by many factors that don't directly affect Smart Global'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 Smart Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Smart Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Smart Global'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.