Scotts Miracle Gro Stock Probability of Future Stock Price Finishing Over 261.25
| SMG Stock | USD 68.52 0.06 0.09% |
Closest to current price Scotts long CALL Option Payoff at Expiration
Scotts |
Scotts Miracle Target Price Odds to finish over 261.25
The tendency of Scotts 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 $ 261.25 or more in 90 days |
| 68.52 | 90 days | 261.25 | close to zero percent |
Based on a normal probability distribution, the odds of Scotts Miracle to move over $ 261.25 or more in 90 days from now is close to zero percent (This Scotts Miracle Gro probability density function shows the probability of Scotts Stock to fall within a particular range of prices over 90 days) . Probability of Scotts Miracle Gro price to stay between its current price of $ 68.52 and $ 261.25 at the end of the 90-day period is about 27.33 .
Considering the 90-day investment horizon the stock has the beta coefficient of 2.45 . This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Scotts Miracle will likely underperform. Additionally Scotts Miracle Gro has an alpha of 0.0615, implying that it can generate a 0.0615 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Scotts Miracle Price Density |
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Predictive Modules for Scotts Miracle
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Scotts Miracle Gro. 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 Scotts Miracle'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.
Scotts Miracle Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Scotts Miracle is not an exception. The market had few large corrections towards the Scotts Miracle'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 Scotts Miracle Gro, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Scotts Miracle within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.06 | |
β | Beta against NYSE Composite | 2.45 | |
σ | Overall volatility | 6.75 | |
Ir | Information ratio | 0.07 |
Scotts Miracle 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 Scotts Miracle for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Scotts Miracle Gro can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| The company reported the last year's revenue of 3.55 B. Reported Net Loss for the year was (380.1 M) with profit before taxes, overhead, and interest of 843 M. | |
| Over 77.0% of the company shares are owned by institutional investors | |
| On 8th of March 2024 Scotts Miracle paid $ 0.66 per share dividend to its current shareholders | |
| Latest headline from investing.com: Scotts Miracle-Gro sets dividend at 0.66 per share |
Scotts Miracle 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 Scotts Stock often depends not only on the future outlook of the current and potential Scotts Miracle'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. Scotts Miracle's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 56 M | |
| Cash And Short Term Investments | 31.9 M |
Scotts Miracle Technical Analysis
Scotts Miracle's future price can be derived by breaking down and analyzing its technical indicators over time. Scotts Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Scotts Miracle Gro. In general, you should focus on analyzing Scotts Stock price patterns and their correlations with different microeconomic environments and drivers.
Scotts Miracle Predictive Forecast Models
Scotts Miracle's time-series forecasting models is one of many Scotts Miracle'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 Scotts Miracle'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 Scotts Miracle Gro
Checking the ongoing alerts about Scotts Miracle for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Scotts Miracle Gro help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| The company reported the last year's revenue of 3.55 B. Reported Net Loss for the year was (380.1 M) with profit before taxes, overhead, and interest of 843 M. | |
| Over 77.0% of the company shares are owned by institutional investors | |
| On 8th of March 2024 Scotts Miracle paid $ 0.66 per share dividend to its current shareholders | |
| Latest headline from investing.com: Scotts Miracle-Gro sets dividend at 0.66 per share |
Check out Scotts Miracle Backtesting, Scotts Miracle Valuation, Scotts Miracle Correlation, Scotts Miracle Hype Analysis, Scotts Miracle Volatility, Scotts Miracle History as well as Scotts Miracle Performance. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Complementary Tools for Scotts Stock analysis
When running Scotts Miracle's price analysis, check to measure Scotts Miracle'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 Scotts Miracle is operating at the current time. Most of Scotts Miracle's value examination focuses on studying past and present price action to predict the probability of Scotts Miracle's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Scotts Miracle's price. Additionally, you may evaluate how the addition of Scotts Miracle to your portfolios can decrease your overall portfolio volatility.
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Is Scotts Miracle'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 Scotts Miracle. If investors know Scotts 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 Scotts Miracle 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 (0.61) | Dividend Share 2.64 | Earnings Share (7.04) | Revenue Per Share 61.014 | Quarterly Revenue Growth (0.22) |
The market value of Scotts Miracle Gro is measured differently than its book value, which is the value of Scotts that is recorded on the company's balance sheet. Investors also form their own opinion of Scotts Miracle's value that differs from its market value or its book value, called intrinsic value, which is Scotts Miracle'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 Scotts Miracle's market value can be influenced by many factors that don't directly affect Scotts Miracle'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 Scotts Miracle's value and its price as these two are different measures arrived at by different means. Investors typically determine if Scotts Miracle is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Scotts Miracle'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.