Sterling Construction Stock Probability of Future Stock Price Finishing Over 96.02
| STRL Stock | USD 156.13 3.55 2.33% |
Sterling |
Sterling Construction Target Price Odds to finish over 96.02
The tendency of Sterling 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 stay above $ 96.02 in 90 days |
| 156.13 | 90 days | 96.02 | over 95.25 |
Based on a normal probability distribution, the odds of Sterling Construction to stay above $ 96.02 in 90 days from now is over 95.25 (This Sterling Construction probability density function shows the probability of Sterling Stock to fall within a particular range of prices over 90 days) . Probability of Sterling Construction price to stay between $ 96.02 and its current price of $156.13 at the end of the 90-day period is about 85.06 .
Given the investment horizon of 90 days the stock has the beta coefficient of 2.51 . 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, Sterling Construction will likely underperform. Additionally Sterling Construction has an alpha of 0.3141, implying that it can generate a 0.31 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Sterling Construction Price Density |
| Price |
Predictive Modules for Sterling Construction
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sterling Construction. 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 Sterling Construction'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.
Sterling Construction Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Sterling Construction is not an exception. The market had few large corrections towards the Sterling Construction'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 Sterling Construction, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Sterling Construction within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.31 | |
β | Beta against Dow Jones | 2.51 | |
σ | Overall volatility | 20.44 | |
Ir | Information ratio | 0.13 |
Sterling Construction 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 Sterling Construction for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Sterling Construction can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Sterling Construction is unlikely to experience financial distress in the next 2 years | |
| Sterling Construction has a strong financial position based on the latest SEC filings | |
| Over 92.0% of the company shares are owned by institutional investors | |
| Latest headline from benzinga.com: Heres How Much You Would Have Made Owning Sterling Infrastructure Stock In The Last 10 Years |
Sterling Construction 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 Sterling Stock often depends not only on the future outlook of the current and potential Sterling Construction'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. Sterling Construction's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 31.2 M | |
| Cash And Short Term Investments | 471.6 M |
Sterling Construction Technical Analysis
Sterling Construction's future price can be derived by breaking down and analyzing its technical indicators over time. Sterling Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Sterling Construction. In general, you should focus on analyzing Sterling Stock price patterns and their correlations with different microeconomic environments and drivers.
Sterling Construction Predictive Forecast Models
Sterling Construction's time-series forecasting models is one of many Sterling Construction'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 Sterling Construction'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 Sterling Construction
Checking the ongoing alerts about Sterling Construction for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Sterling Construction help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Sterling Construction is unlikely to experience financial distress in the next 2 years | |
| Sterling Construction has a strong financial position based on the latest SEC filings | |
| Over 92.0% of the company shares are owned by institutional investors | |
| Latest headline from benzinga.com: Heres How Much You Would Have Made Owning Sterling Infrastructure Stock In The Last 10 Years |
Check out Sterling Construction Backtesting, Sterling Construction Valuation, Sterling Construction Correlation, Sterling Construction Hype Analysis, Sterling Construction Volatility, Sterling Construction History as well as Sterling Construction Performance. For more information on how to buy Sterling Stock please use our How to buy in Sterling Stock guide.You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Is Construction & Engineering 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 Sterling Construction. If investors know Sterling 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 Sterling Construction 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 0.315 | Earnings Share 5.18 | Revenue Per Share 67.022 | Quarterly Revenue Growth 0.116 | Return On Assets 0.0809 |
The market value of Sterling Construction is measured differently than its book value, which is the value of Sterling that is recorded on the company's balance sheet. Investors also form their own opinion of Sterling Construction's value that differs from its market value or its book value, called intrinsic value, which is Sterling Construction'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 Sterling Construction's market value can be influenced by many factors that don't directly affect Sterling Construction'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 Sterling Construction's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sterling Construction is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sterling Construction'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.