South Plains Financial Stock Probability of Future Stock Price Finishing Over 29.63
| SPFI Stock | USD 26.58 0.51 1.96% |
South |
South Plains Target Price Odds to finish over 29.63
The tendency of South 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 $ 29.63 or more in 90 days |
| 26.58 | 90 days | 29.63 | near 1 |
Based on a normal probability distribution, the odds of South Plains to move over $ 29.63 or more in 90 days from now is near 1 (This South Plains Financial probability density function shows the probability of South Stock to fall within a particular range of prices over 90 days) . Probability of South Plains Financial price to stay between its current price of $ 26.58 and $ 29.63 at the end of the 90-day period is about 15.53 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.25 . 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, South Plains will likely underperform. Additionally South Plains Financial has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. South Plains Price Density |
| Price |
Predictive Modules for South Plains
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as South Plains Financial. 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 South Plains' 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.
South Plains Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. South Plains is not an exception. The market had few large corrections towards the South Plains' 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 South Plains Financial, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of South Plains within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.16 | |
β | Beta against NYSE Composite | 1.25 | |
σ | Overall volatility | 0.71 | |
Ir | Information ratio | -0.06 |
South Plains 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 South Plains for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for South Plains Financial can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| South Plains has a frail financial position based on the latest SEC disclosures | |
| About 26.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from finance.yahoo.com: South Plains Financial, Inc. Q1 2024 Earnings Call Transcript |
South Plains 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 South Stock often depends not only on the future outlook of the current and potential South Plains' 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. South Plains' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 17.3 M | |
| Cash And Short Term Investments | 330.2 M |
South Plains Technical Analysis
South Plains' future price can be derived by breaking down and analyzing its technical indicators over time. South Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of South Plains Financial. In general, you should focus on analyzing South Stock price patterns and their correlations with different microeconomic environments and drivers.
South Plains Predictive Forecast Models
South Plains' time-series forecasting models is one of many South Plains' 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 South Plains' 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 South Plains Financial
Checking the ongoing alerts about South Plains for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for South Plains Financial help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| South Plains has a frail financial position based on the latest SEC disclosures | |
| About 26.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from finance.yahoo.com: South Plains Financial, Inc. Q1 2024 Earnings Call Transcript |
Check out South Plains Backtesting, South Plains Valuation, South Plains Correlation, South Plains Hype Analysis, South Plains Volatility, South Plains History as well as South Plains Performance. Note that the South Plains Financial information on this page should be used as a complementary analysis to other South Plains' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for South Stock analysis
When running South Plains' price analysis, check to measure South Plains' 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 South Plains is operating at the current time. Most of South Plains' value examination focuses on studying past and present price action to predict the probability of South Plains' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move South Plains' price. Additionally, you may evaluate how the addition of South Plains to your portfolios can decrease your overall portfolio volatility.
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Is South Plains' 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 South Plains. If investors know South 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 South Plains 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 0.208 | Dividend Share 0.52 | Earnings Share 3.73 | Revenue Per Share 12.757 | Quarterly Revenue Growth 0.044 |
The market value of South Plains Financial is measured differently than its book value, which is the value of South that is recorded on the company's balance sheet. Investors also form their own opinion of South Plains' value that differs from its market value or its book value, called intrinsic value, which is South Plains' 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 South Plains' market value can be influenced by many factors that don't directly affect South Plains' 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 South Plains' value and its price as these two are different measures arrived at by different means. Investors typically determine if South Plains is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, South Plains' 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.