Ball Corporation Stock Chance of Future Stock Price Finishing Over 62.46
| BALL Stock | USD 62.46 0.60 0.97% |
Ball |
Ball Target Price Odds to finish over 62.46
The tendency of Ball 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 move above the current price in 90 days |
| 62.46 | 90 days | 62.46 | about 74.5 |
Based on a normal probability distribution, the odds of Ball to move above the current price in 90 days from now is about 74.5 (This Ball Corporation probability density function shows the probability of Ball Stock to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days Ball has a beta of 0.81 suggesting as returns on the market go up, Ball average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Ball Corporation will be expected to be much smaller as well. Additionally Ball Corporation 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. Ball Price Density |
| Price |
Predictive Modules for Ball
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Ball. 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.Ball Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Ball is not an exception. The market had few large corrections towards the Ball'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 Ball Corporation, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Ball within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.14 | |
β | Beta against Dow Jones | 0.81 | |
σ | Overall volatility | 2.52 | |
Ir | Information ratio | -0.11 |
Ball 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 Ball for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Ball can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Ball generated a negative expected return over the last 90 days | |
| Ball Corporation currently holds 8.57 B in liabilities with Debt to Equity (D/E) ratio of 2.62, implying the company greatly relies on financing operations through barrowing. Ball has a current ratio of 0.92, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Ball's use of debt, we should always consider it together with its cash and equity. | |
| Over 87.0% of Ball shares are held by institutions such as insurance companies | |
| Latest headline from MacroaxisInsider: Disposition of 3576 shares by Mandy Glew of Ball at 55.87 subject to Rule 16b-3 |
Ball 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 Ball Stock often depends not only on the future outlook of the current and potential Ball'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. Ball's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 317 M | |
| Cash And Short Term Investments | 695 M |
Ball Technical Analysis
Ball's future price can be derived by breaking down and analyzing its technical indicators over time. Ball Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Ball Corporation. In general, you should focus on analyzing Ball Stock price patterns and their correlations with different microeconomic environments and drivers.
Ball Predictive Forecast Models
Ball's time-series forecasting models is one of many Ball'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 Ball'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 Ball
Checking the ongoing alerts about Ball for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Ball help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Ball generated a negative expected return over the last 90 days | |
| Ball Corporation currently holds 8.57 B in liabilities with Debt to Equity (D/E) ratio of 2.62, implying the company greatly relies on financing operations through barrowing. Ball has a current ratio of 0.92, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Ball's use of debt, we should always consider it together with its cash and equity. | |
| Over 87.0% of Ball shares are held by institutions such as insurance companies | |
| Latest headline from MacroaxisInsider: Disposition of 3576 shares by Mandy Glew of Ball at 55.87 subject to Rule 16b-3 |
Check out Ball Backtesting, Ball Valuation, Ball Correlation, Ball Hype Analysis, Ball Volatility, Ball History as well as Ball Performance. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Is Metal, Glass & Plastic Containers 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 Ball. If investors know Ball 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 Ball 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 0.008 | Dividend Share 0.8 | Earnings Share 2.4 | Revenue Per Share 44.401 | Quarterly Revenue Growth (0.01) |
The market value of Ball is measured differently than its book value, which is the value of Ball that is recorded on the company's balance sheet. Investors also form their own opinion of Ball's value that differs from its market value or its book value, called intrinsic value, which is Ball'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 Ball's market value can be influenced by many factors that don't directly affect Ball'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 Ball's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ball is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ball'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.