Score 7.6 (out of 10): SONY GROUP CORP – SP ADR sets up for +13.2% rally in 3 months

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What’s Going On Here?

SONY’s technology day event didn’t disappoint. The company showed off a robot grabber, 4k OLED panels for virtual reality (VR) and many other new inventions. SONY also indicated a one-time gain of 65bn yen as operating profit in the third quarter from the sale of GSN Games to Scopely (which was just completed).

Why Now?

SONY GROUP CORP – SP ADR has reached a new shorter-term high. Previously, during similar occasions, SONY GROUP CORP – SP ADR shares had a median return of +13.2%, over the following 3 months – based on 10 historical occasions with 8 of those showing positive returns (80% hit ratio). This buy signal for SONY GROUP CORP – SP ADR received a high score of 7.6 (out of 10). This insight was generated on 2021-December-8 with last price of 125.94.

What’s This Company About?

SONY GROUP CORP – SP ADR is in the Audio/Video Products business. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. ‘Wall Street’ analysts think the stock price will be worth 18.8% more (average). Ticker symbol: 6758 JP.

What’s My Risk / Reward and Time Horizon?

We found 3 months to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 142.52 (+13.2%) has been reached. Based on SONY GROUP CORP – SP ADR’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 120.54 (last price at 125.94), which is equivalent to a -4.3% decline.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ shown under (2), etc. 

Previous episodes:

14% (September-2021), 7.5% (June-2021), -12.3% (February-2021), 28.7% (October-2020), 15.9% (April-2020), -13.2% (February-2020), 17.6% (October-2019), 12.3% (August- 2019), 11.6% (June-2019), 17.3% (April-2019).

Historical Chart:

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Summary:

Name SONY GROUP CORP – SP ADR
ViewUp
Star (1 to 10)7.6
Target+13.2%
Time3 months
Hit Rate80%

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