Suburban Propane Partners Stock Probability of Future Stock Price Finishing Over 18.43
| SPH Stock | USD 18.43 0.19 1.02% |
Suburban |
Suburban Propane Target Price Odds to finish over 18.43
The tendency of Suburban 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 |
| 18.43 | 90 days | 18.43 | about 98.0 |
Based on a normal probability distribution, the odds of Suburban Propane to move above the current price in 90 days from now is about 98.0 (This Suburban Propane Partners probability density function shows the probability of Suburban Stock to fall within a particular range of prices over 90 days) .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.37 . 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, Suburban Propane will likely underperform. Additionally Suburban Propane Partners has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Suburban Propane Price Density |
| Price |
Predictive Modules for Suburban Propane
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Suburban Propane Partners. 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 Suburban Propane'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.
Suburban Propane Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Suburban Propane is not an exception. The market had few large corrections towards the Suburban Propane'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 Suburban Propane Partners, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Suburban Propane within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.17 | |
β | Beta against NYSE Composite | 1.37 | |
σ | Overall volatility | 0.69 | |
Ir | Information ratio | -0.07 |
Suburban Propane 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 Suburban Propane for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Suburban Propane Partners can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Suburban Propane generated a negative expected return over the last 90 days | |
| The company has 1.33 B in debt with debt to equity (D/E) ratio of 2.15, meaning that the company heavily relies on borrowing funds for operations. Suburban Propane Partners has a current ratio of 0.87, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Suburban Propane until it has trouble settling it off, either with new capital or with free cash flow. So, Suburban Propane'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 Suburban Propane Partners sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Suburban to invest in growth at high rates of return. When we think about Suburban Propane's use of debt, we should always consider it together with cash and equity. | |
| Latest headline from finance.yahoo.com: Nevada Department of Veterans Services Honors Suburban Propane in its Patriot Employer Program |
Suburban Propane 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 Suburban Stock often depends not only on the future outlook of the current and potential Suburban Propane'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. Suburban Propane's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 64.4 M | |
| Cash And Short Term Investments | 3.5 M |
Suburban Propane Technical Analysis
Suburban Propane's future price can be derived by breaking down and analyzing its technical indicators over time. Suburban Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Suburban Propane Partners. In general, you should focus on analyzing Suburban Stock price patterns and their correlations with different microeconomic environments and drivers.
Suburban Propane Predictive Forecast Models
Suburban Propane's time-series forecasting models is one of many Suburban Propane'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 Suburban Propane'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 Suburban Propane Partners
Checking the ongoing alerts about Suburban Propane for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Suburban Propane Partners help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Suburban Propane generated a negative expected return over the last 90 days | |
| The company has 1.33 B in debt with debt to equity (D/E) ratio of 2.15, meaning that the company heavily relies on borrowing funds for operations. Suburban Propane Partners has a current ratio of 0.87, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Suburban Propane until it has trouble settling it off, either with new capital or with free cash flow. So, Suburban Propane'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 Suburban Propane Partners sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Suburban to invest in growth at high rates of return. When we think about Suburban Propane's use of debt, we should always consider it together with cash and equity. | |
| Latest headline from finance.yahoo.com: Nevada Department of Veterans Services Honors Suburban Propane in its Patriot Employer Program |
Check out Suburban Propane Backtesting, Suburban Propane Valuation, Suburban Propane Correlation, Suburban Propane Hype Analysis, Suburban Propane Volatility, Suburban Propane History as well as Suburban Propane Performance. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
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When running Suburban Propane's price analysis, check to measure Suburban Propane'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 Suburban Propane is operating at the current time. Most of Suburban Propane's value examination focuses on studying past and present price action to predict the probability of Suburban Propane's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Suburban Propane's price. Additionally, you may evaluate how the addition of Suburban Propane to your portfolios can decrease your overall portfolio volatility.
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Is Suburban Propane'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 Suburban Propane. If investors know Suburban 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 Suburban Propane listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Suburban Propane Partners is measured differently than its book value, which is the value of Suburban that is recorded on the company's balance sheet. Investors also form their own opinion of Suburban Propane's value that differs from its market value or its book value, called intrinsic value, which is Suburban Propane'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 Suburban Propane's market value can be influenced by many factors that don't directly affect Suburban Propane'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 Suburban Propane's value and its price as these two are different measures arrived at by different means. Investors typically determine if Suburban Propane is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Suburban Propane'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.