Atmus Filtration Technologies Stock Probability of Future Stock Price Finishing Over 37.33
| ATMU Stock | 44.50 0.73 1.67% |
Atmus |
Atmus Filtration Target Price Odds to finish over 37.33
The tendency of Atmus 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 37.33 in 90 days |
| 44.50 | 90 days | 37.33 | about 60.88 |
Based on a normal probability distribution, the odds of Atmus Filtration to stay above 37.33 in 90 days from now is about 60.88 (This Atmus Filtration Technologies probability density function shows the probability of Atmus Stock to fall within a particular range of prices over 90 days) . Probability of Atmus Filtration Tec price to stay between 37.33 and its current price of 44.5 at the end of the 90-day period is about 58.6 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.38 . 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, Atmus Filtration will likely underperform. Additionally Atmus Filtration Technologies has an alpha of 0.2818, implying that it can generate a 0.28 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Atmus Filtration Price Density |
| Price |
Predictive Modules for Atmus Filtration
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Atmus Filtration Tec. 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.Atmus Filtration Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Atmus Filtration is not an exception. The market had few large corrections towards the Atmus Filtration'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 Atmus Filtration Technologies, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Atmus Filtration within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.28 | |
β | Beta against Dow Jones | 1.38 | |
σ | Overall volatility | 3.15 | |
Ir | Information ratio | 0.17 |
Atmus Filtration 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 Atmus Filtration for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Atmus Filtration Tec can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Over 99.0% of the company shares are held by institutions such as insurance companies | |
| On 13th of November 2024 Atmus Filtration paid 0.05 per share dividend to its current shareholders | |
| Latest headline from gurufocus.com: FMR LLC Adjusts Stake in Atmus Filtration Technologies Inc |
Atmus Filtration 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 Atmus Stock often depends not only on the future outlook of the current and potential Atmus Filtration'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. Atmus Filtration's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 83.4 M | |
| Cash And Short Term Investments | 168 M |
Atmus Filtration Technical Analysis
Atmus Filtration's future price can be derived by breaking down and analyzing its technical indicators over time. Atmus Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Atmus Filtration Technologies. In general, you should focus on analyzing Atmus Stock price patterns and their correlations with different microeconomic environments and drivers.
Atmus Filtration Predictive Forecast Models
Atmus Filtration's time-series forecasting models is one of many Atmus Filtration'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 Atmus Filtration'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 Atmus Filtration Tec
Checking the ongoing alerts about Atmus Filtration for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Atmus Filtration Tec help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Over 99.0% of the company shares are held by institutions such as insurance companies | |
| On 13th of November 2024 Atmus Filtration paid 0.05 per share dividend to its current shareholders | |
| Latest headline from gurufocus.com: FMR LLC Adjusts Stake in Atmus Filtration Technologies Inc |
Additional Tools for Atmus Stock Analysis
When running Atmus Filtration's price analysis, check to measure Atmus Filtration's 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 Atmus Filtration is operating at the current time. Most of Atmus Filtration's value examination focuses on studying past and present price action to predict the probability of Atmus Filtration's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Atmus Filtration's price. Additionally, you may evaluate how the addition of Atmus Filtration to your portfolios can decrease your overall portfolio volatility.