Columbus Mckinnon Stock Probability of Future Stock Price Finishing Over 37.14
| CMCO Stock | USD 38.53 1.39 3.74% |
Columbus |
Columbus McKinnon Target Price Odds to finish over 37.14
The tendency of Columbus 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 $ 37.14 in 90 days |
| 38.53 | 90 days | 37.14 | nearly 4.86 |
Based on a normal probability distribution, the odds of Columbus McKinnon to stay above $ 37.14 in 90 days from now is nearly 4.86 (This Columbus McKinnon probability density function shows the probability of Columbus Stock to fall within a particular range of prices over 90 days) . Probability of Columbus McKinnon price to stay between $ 37.14 and its current price of $38.53 at the end of the 90-day period is under 4.
Given the investment horizon of 90 days the stock has the beta coefficient of 2.02 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Columbus McKinnon will likely underperform. Additionally Columbus McKinnon has an alpha of 0.0022, implying that it can generate a 0.002211 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Columbus McKinnon Price Density |
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Predictive Modules for Columbus McKinnon
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Columbus McKinnon. 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 Columbus McKinnon's 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.
Columbus McKinnon Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Columbus McKinnon is not an exception. The market had few large corrections towards the Columbus McKinnon'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 Columbus McKinnon, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Columbus McKinnon within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0 | |
β | Beta against Dow Jones | 2.02 | |
σ | Overall volatility | 2.02 | |
Ir | Information ratio | 0.04 |
Columbus McKinnon 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 Columbus McKinnon for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Columbus McKinnon can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Columbus McKinnon is unlikely to experience financial distress in the next 2 years | |
| Over 98.0% of the company shares are held by institutions such as insurance companies | |
| On 18th of November 2024 Columbus McKinnon paid $ 0.07 per share dividend to its current shareholders | |
| Latest headline from MacroaxisInsider: Insider Trading |
Columbus McKinnon 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 Columbus Stock often depends not only on the future outlook of the current and potential Columbus McKinnon'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. Columbus McKinnon's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 29 M | |
| Cash And Short Term Investments | 114.1 M |
Columbus McKinnon Technical Analysis
Columbus McKinnon's future price can be derived by breaking down and analyzing its technical indicators over time. Columbus Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Columbus McKinnon. In general, you should focus on analyzing Columbus Stock price patterns and their correlations with different microeconomic environments and drivers.
Columbus McKinnon Predictive Forecast Models
Columbus McKinnon's time-series forecasting models is one of many Columbus McKinnon'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 Columbus McKinnon'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 Columbus McKinnon
Checking the ongoing alerts about Columbus McKinnon for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Columbus McKinnon help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Columbus McKinnon is unlikely to experience financial distress in the next 2 years | |
| Over 98.0% of the company shares are held by institutions such as insurance companies | |
| On 18th of November 2024 Columbus McKinnon paid $ 0.07 per share dividend to its current shareholders | |
| Latest headline from MacroaxisInsider: Insider Trading |
Check out Columbus McKinnon Backtesting, Columbus McKinnon Valuation, Columbus McKinnon Correlation, Columbus McKinnon Hype Analysis, Columbus McKinnon Volatility, Columbus McKinnon History as well as Columbus McKinnon Performance. To learn how to invest in Columbus Stock, please use our How to Invest in Columbus McKinnon guide.You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Is Industrial Machinery & Supplies & Components 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 Columbus McKinnon. If investors know Columbus 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 Columbus McKinnon 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) | Dividend Share 0.28 | Earnings Share 0.52 | Revenue Per Share 34.771 | Quarterly Revenue Growth (0.06) |
The market value of Columbus McKinnon is measured differently than its book value, which is the value of Columbus that is recorded on the company's balance sheet. Investors also form their own opinion of Columbus McKinnon's value that differs from its market value or its book value, called intrinsic value, which is Columbus McKinnon'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 Columbus McKinnon's market value can be influenced by many factors that don't directly affect Columbus McKinnon'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 Columbus McKinnon's value and its price as these two are different measures arrived at by different means. Investors typically determine if Columbus McKinnon is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Columbus McKinnon'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.