Churchill Downs (Germany) Probability of Future Stock Price Finishing Under 122.64
| CHR Stock | EUR 136.00 2.00 1.49% |
Churchill |
Churchill Downs Target Price Odds to finish below 122.64
The tendency of Churchill 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 € 122.64 or more in 90 days |
| 136.00 | 90 days | 122.64 | about 16.5 |
Based on a normal probability distribution, the odds of Churchill Downs to drop to € 122.64 or more in 90 days from now is about 16.5 (This Churchill Downs Incorporated probability density function shows the probability of Churchill Stock to fall within a particular range of prices over 90 days) . Probability of Churchill Downs price to stay between € 122.64 and its current price of €136.0 at the end of the 90-day period is about 80.06 .
Assuming the 90 days horizon Churchill Downs has a beta of 0.62 suggesting as returns on the market go up, Churchill Downs average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Churchill Downs Incorporated will be expected to be much smaller as well. Additionally Churchill Downs Incorporated has an alpha of 0.0697, implying that it can generate a 0.0697 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Churchill Downs Price Density |
| Price |
Predictive Modules for Churchill Downs
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Churchill Downs. 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.Churchill Downs Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Churchill Downs is not an exception. The market had few large corrections towards the Churchill Downs' 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 Churchill Downs Incorporated, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Churchill Downs within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.07 | |
β | Beta against Dow Jones | 0.62 | |
σ | Overall volatility | 4.75 | |
Ir | Information ratio | 0.02 |
Churchill Downs 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 Churchill Downs for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Churchill Downs 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 77.0% of the company shares are held by institutions such as insurance companies |
Churchill Downs 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 Churchill Stock often depends not only on the future outlook of the current and potential Churchill Downs' 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. Churchill Downs' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 37.4 M |
Churchill Downs Technical Analysis
Churchill Downs' future price can be derived by breaking down and analyzing its technical indicators over time. Churchill Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Churchill Downs Incorporated. In general, you should focus on analyzing Churchill Stock price patterns and their correlations with different microeconomic environments and drivers.
Churchill Downs Predictive Forecast Models
Churchill Downs' time-series forecasting models is one of many Churchill Downs' 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 Churchill Downs' 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 Churchill Downs
Checking the ongoing alerts about Churchill Downs for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Churchill Downs help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Over 77.0% of the company shares are held by institutions such as insurance companies |
Additional Information and Resources on Investing in Churchill Stock
When determining whether Churchill Downs offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Churchill Downs' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Churchill Downs Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Churchill Downs Incorporated Stock:Check out Churchill Downs Backtesting, Churchill Downs Valuation, Churchill Downs Correlation, Churchill Downs Hype Analysis, Churchill Downs Volatility, Churchill Downs History as well as Churchill Downs Performance. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.