Concentra Group Holdings Stock Probability of Future Stock Price Finishing Under 21.31
| CON Stock | 21.82 0.60 2.68% |
Concentra |
Concentra Group Target Price Odds to finish below 21.31
The tendency of Concentra 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 21.31 or more in 90 days |
| 21.82 | 90 days | 21.31 | about 41.88 |
Based on a normal probability distribution, the odds of Concentra Group to drop to 21.31 or more in 90 days from now is about 41.88 (This Concentra Group Holdings probability density function shows the probability of Concentra Stock to fall within a particular range of prices over 90 days) . Probability of Concentra Group Holdings price to stay between 21.31 and its current price of 21.82 at the end of the 90-day period is about 14.45 .
Considering the 90-day investment horizon Concentra Group has a beta of 0.41 suggesting as returns on the market go up, Concentra Group average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Concentra Group Holdings will be expected to be much smaller as well. Additionally Concentra Group Holdings 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. Concentra Group Price Density |
| Price |
Predictive Modules for Concentra Group
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Concentra Group Holdings. 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.Concentra Group Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Concentra Group is not an exception. The market had few large corrections towards the Concentra Group'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 Concentra Group Holdings, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Concentra Group within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.12 | |
β | Beta against Dow Jones | 0.41 | |
σ | Overall volatility | 1.40 | |
Ir | Information ratio | -0.09 |
Concentra Group 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 Concentra Group for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Concentra Group Holdings can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Concentra Group generated a negative expected return over the last 90 days | |
| About 82.0% of the company shares are held by company insiders | |
| On 22nd of November 2024 Concentra Group paid 0.0625 per share dividend to its current shareholders | |
| Latest headline from simplywall.st: Acquisition by Giovanni Gallara of 60000 shares of Concentra Group subject to Rule 16b-3 |
Concentra Group 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 Concentra Stock often depends not only on the future outlook of the current and potential Concentra Group'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. Concentra Group's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 126.6 M | |
| Cash And Short Term Investments | 31.4 M |
Concentra Group Technical Analysis
Concentra Group's future price can be derived by breaking down and analyzing its technical indicators over time. Concentra Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Concentra Group Holdings. In general, you should focus on analyzing Concentra Stock price patterns and their correlations with different microeconomic environments and drivers.
Concentra Group Predictive Forecast Models
Concentra Group's time-series forecasting models is one of many Concentra Group'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 Concentra Group'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 Concentra Group Holdings
Checking the ongoing alerts about Concentra Group for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Concentra Group Holdings help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Concentra Group generated a negative expected return over the last 90 days | |
| About 82.0% of the company shares are held by company insiders | |
| On 22nd of November 2024 Concentra Group paid 0.0625 per share dividend to its current shareholders | |
| Latest headline from simplywall.st: Acquisition by Giovanni Gallara of 60000 shares of Concentra Group subject to Rule 16b-3 |
Check out Concentra Group Backtesting, Concentra Group Valuation, Concentra Group Correlation, Concentra Group Hype Analysis, Concentra Group Volatility, Concentra Group History as well as Concentra Group Performance. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Is Health Care Providers & Services 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 Concentra Group. If investors know Concentra 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 Concentra Group 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 (0.02) | Earnings Share 1.02 | Revenue Per Share 17.842 | Quarterly Revenue Growth 0.023 |
The market value of Concentra Group Holdings is measured differently than its book value, which is the value of Concentra that is recorded on the company's balance sheet. Investors also form their own opinion of Concentra Group's value that differs from its market value or its book value, called intrinsic value, which is Concentra Group'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 Concentra Group's market value can be influenced by many factors that don't directly affect Concentra Group'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 Concentra Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Concentra Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Concentra Group'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.