Bodycote PLC (Germany) Probability of Future Stock Price Finishing Over 7.25
| 21T Stock | EUR 7.95 0.05 0.62% |
Bodycote |
Bodycote PLC Target Price Odds to finish over 7.25
The tendency of Bodycote 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 € 7.25 in 90 days |
| 7.95 | 90 days | 7.25 | about 27.1 |
Based on a normal probability distribution, the odds of Bodycote PLC to stay above € 7.25 in 90 days from now is about 27.1 (This Bodycote PLC probability density function shows the probability of Bodycote Stock to fall within a particular range of prices over 90 days) . Probability of Bodycote PLC price to stay between € 7.25 and its current price of €7.95 at the end of the 90-day period is about 26.08 .
Assuming the 90 days horizon Bodycote PLC has a beta of -0.86. This suggests Additionally Bodycote PLC has an alpha of 0.1878, implying that it can generate a 0.19 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Bodycote PLC Price Density |
| Price |
Predictive Modules for Bodycote PLC
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Bodycote PLC. 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.Bodycote PLC Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Bodycote PLC is not an exception. The market had few large corrections towards the Bodycote PLC'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 Bodycote PLC, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Bodycote PLC within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.19 | |
β | Beta against Dow Jones | -0.86 | |
σ | Overall volatility | 0.41 | |
Ir | Information ratio | -0.01 |
Bodycote PLC 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 Bodycote PLC for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Bodycote PLC can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Bodycote PLC has accumulated 171.6 M in total debt with debt to equity ratio (D/E) of 0.26, which may suggest the company is not taking enough advantage from borrowing. Bodycote PLC has a current ratio of 0.64, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Bodycote PLC until it has trouble settling it off, either with new capital or with free cash flow. So, Bodycote PLC'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 Bodycote PLC sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Bodycote to invest in growth at high rates of return. When we think about Bodycote PLC's use of debt, we should always consider it together with cash and equity. | |
| Over 77.0% of Bodycote PLC shares are owned by institutions such as pension funds |
Bodycote PLC 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 Bodycote Stock often depends not only on the future outlook of the current and potential Bodycote PLC'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. Bodycote PLC's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 191.5 M |
Bodycote PLC Technical Analysis
Bodycote PLC's future price can be derived by breaking down and analyzing its technical indicators over time. Bodycote Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Bodycote PLC. In general, you should focus on analyzing Bodycote Stock price patterns and their correlations with different microeconomic environments and drivers.
Bodycote PLC Predictive Forecast Models
Bodycote PLC's time-series forecasting models is one of many Bodycote PLC'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 Bodycote PLC'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 Bodycote PLC
Checking the ongoing alerts about Bodycote PLC for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Bodycote PLC help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Bodycote PLC has accumulated 171.6 M in total debt with debt to equity ratio (D/E) of 0.26, which may suggest the company is not taking enough advantage from borrowing. Bodycote PLC has a current ratio of 0.64, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Bodycote PLC until it has trouble settling it off, either with new capital or with free cash flow. So, Bodycote PLC'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 Bodycote PLC sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Bodycote to invest in growth at high rates of return. When we think about Bodycote PLC's use of debt, we should always consider it together with cash and equity. | |
| Over 77.0% of Bodycote PLC shares are owned by institutions such as pension funds |
Other Information on Investing in Bodycote Stock
Bodycote PLC financial ratios help investors to determine whether Bodycote Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Bodycote with respect to the benefits of owning Bodycote PLC security.