Sonoco Products Stock Probability of Future Stock Price Finishing Over 56.80
| SON Stock | USD 56.80 1.19 2.14% |
Closest to current price Sonoco long CALL Option Payoff at Expiration
Sonoco |
Sonoco Products Target Price Odds to finish over 56.80
The tendency of Sonoco 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 above the current price in 90 days |
| 56.80 | 90 days | 56.80 | about 44.66 |
Based on a normal probability distribution, the odds of Sonoco Products to move above the current price in 90 days from now is about 44.66 (This Sonoco Products probability density function shows the probability of Sonoco Stock to fall within a particular range of prices over 90 days) .
Considering the 90-day investment horizon Sonoco Products has a beta of 0.77. This usually implies as returns on the market go up, Sonoco Products average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Sonoco Products will be expected to be much smaller as well. Additionally Sonoco Products has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Sonoco Products Price Density |
| Price |
Predictive Modules for Sonoco Products
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sonoco Products. 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 Sonoco Products' 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.
Sonoco Products Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Sonoco Products is not an exception. The market had few large corrections towards the Sonoco Products' 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 Sonoco Products, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Sonoco Products within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.05 | |
β | Beta against NYSE Composite | 0.77 | |
σ | Overall volatility | 0.67 | |
Ir | Information ratio | -0.06 |
Sonoco Products 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 Sonoco Products for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Sonoco Products can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Over 79.0% of the company shares are owned by institutional investors | |
| On 8th of March 2024 Sonoco Products paid $ 0.51 per share dividend to its current shareholders | |
| Latest headline from zacks.com: Sonoco Earnings Top Estimates in Q1, Lowers 24 View |
Sonoco Products 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 Sonoco Stock often depends not only on the future outlook of the current and potential Sonoco Products' 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. Sonoco Products' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 98.9 M | |
| Cash And Short Term Investments | 151.9 M |
Sonoco Products Technical Analysis
Sonoco Products' future price can be derived by breaking down and analyzing its technical indicators over time. Sonoco Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Sonoco Products. In general, you should focus on analyzing Sonoco Stock price patterns and their correlations with different microeconomic environments and drivers.
Sonoco Products Predictive Forecast Models
Sonoco Products' time-series forecasting models is one of many Sonoco Products' 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 Sonoco Products' 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 Sonoco Products
Checking the ongoing alerts about Sonoco Products for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Sonoco Products help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Over 79.0% of the company shares are owned by institutional investors | |
| On 8th of March 2024 Sonoco Products paid $ 0.51 per share dividend to its current shareholders | |
| Latest headline from zacks.com: Sonoco Earnings Top Estimates in Q1, Lowers 24 View |
Check out Sonoco Products Backtesting, Sonoco Products Valuation, Sonoco Products Correlation, Sonoco Products Hype Analysis, Sonoco Products Volatility, Sonoco Products History as well as Sonoco Products Performance. To learn how to invest in Sonoco Stock, please use our How to Invest in Sonoco Products guide.You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Complementary Tools for Sonoco Stock analysis
When running Sonoco Products' price analysis, check to measure Sonoco Products' 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 Sonoco Products is operating at the current time. Most of Sonoco Products' value examination focuses on studying past and present price action to predict the probability of Sonoco Products' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sonoco Products' price. Additionally, you may evaluate how the addition of Sonoco Products to your portfolios can decrease your overall portfolio volatility.
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Is Sonoco Products' 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 Sonoco Products. If investors know Sonoco 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 Sonoco Products 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 (0.56) | Dividend Share 2.04 | Earnings Share 3.96 | Revenue Per Share 67.994 | Quarterly Revenue Growth (0.05) |
The market value of Sonoco Products is measured differently than its book value, which is the value of Sonoco that is recorded on the company's balance sheet. Investors also form their own opinion of Sonoco Products' value that differs from its market value or its book value, called intrinsic value, which is Sonoco Products' 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 Sonoco Products' market value can be influenced by many factors that don't directly affect Sonoco Products' 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 Sonoco Products' value and its price as these two are different measures arrived at by different means. Investors typically determine if Sonoco Products is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sonoco Products' 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.