Allegheny Technologies Incorporated Stock Probability of Future Stock Price Finishing Under 46.35
| ATI Stock | USD 59.30 1.14 1.96% |
Allegheny |
Allegheny Technologies Target Price Odds to finish below 46.35
The tendency of Allegheny 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 drop to $ 46.35 or more in 90 days |
| 59.30 | 90 days | 46.35 | near 1 |
Based on a normal probability distribution, the odds of Allegheny Technologies to drop to $ 46.35 or more in 90 days from now is near 1 (This Allegheny Technologies Incorporated probability density function shows the probability of Allegheny Stock to fall within a particular range of prices over 90 days) . Probability of Allegheny Technologies price to stay between $ 46.35 and its current price of $59.3 at the end of the 90-day period is about 28.16 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.85 . This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Allegheny Technologies will likely underperform. Additionally Allegheny Technologies Incorporated has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Allegheny Technologies Price Density |
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Predictive Modules for Allegheny Technologies
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Allegheny Technologies. 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 Allegheny Technologies' 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.
Allegheny Technologies Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Allegheny Technologies is not an exception. The market had few large corrections towards the Allegheny Technologies' 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 Allegheny Technologies Incorporated, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Allegheny Technologies within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.35 | |
β | Beta against Dow Jones | 1.85 | |
σ | Overall volatility | 3.67 | |
Ir | Information ratio | -0.1 |
Allegheny Technologies 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 Allegheny Technologies for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Allegheny Technologies can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Allegheny Technologies generated a negative expected return over the last 90 days | |
| Over 94.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from gurufocus.com: ATI Inc Shares Up 2.96 percent on Nov 22 |
Allegheny Technologies 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 Allegheny Stock often depends not only on the future outlook of the current and potential Allegheny Technologies' 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. Allegheny Technologies' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 150 M | |
| Cash And Short Term Investments | 743.9 M |
Allegheny Technologies Technical Analysis
Allegheny Technologies' future price can be derived by breaking down and analyzing its technical indicators over time. Allegheny Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Allegheny Technologies Incorporated. In general, you should focus on analyzing Allegheny Stock price patterns and their correlations with different microeconomic environments and drivers.
Allegheny Technologies Predictive Forecast Models
Allegheny Technologies' time-series forecasting models is one of many Allegheny Technologies' 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 Allegheny Technologies' 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 Allegheny Technologies
Checking the ongoing alerts about Allegheny Technologies for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Allegheny Technologies help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Allegheny Technologies generated a negative expected return over the last 90 days | |
| Over 94.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from gurufocus.com: ATI Inc Shares Up 2.96 percent on Nov 22 |
Check out Allegheny Technologies Backtesting, Allegheny Technologies Valuation, Allegheny Technologies Correlation, Allegheny Technologies Hype Analysis, Allegheny Technologies Volatility, Allegheny Technologies History as well as Allegheny Technologies Performance. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Is Metals & Mining 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 Allegheny Technologies. If investors know Allegheny 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 Allegheny Technologies 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 (0.07) | Earnings Share 2.6 | Revenue Per Share 33.577 | Quarterly Revenue Growth 0.025 | Return On Assets 0.0557 |
The market value of Allegheny Technologies is measured differently than its book value, which is the value of Allegheny that is recorded on the company's balance sheet. Investors also form their own opinion of Allegheny Technologies' value that differs from its market value or its book value, called intrinsic value, which is Allegheny Technologies' 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 Allegheny Technologies' market value can be influenced by many factors that don't directly affect Allegheny Technologies' 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 Allegheny Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Allegheny Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allegheny Technologies' 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.