Globalfoundries Stock Probability of Future Stock Price Finishing Under 42.09
| GFS Stock | USD 43.25 0.40 0.93% |
Globalfoundries |
Globalfoundries Target Price Odds to finish below 42.09
The tendency of Globalfoundries 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 $ 42.09 or more in 90 days |
| 43.25 | 90 days | 42.09 | about 69.02 |
Based on a normal probability distribution, the odds of Globalfoundries to drop to $ 42.09 or more in 90 days from now is about 69.02 (This Globalfoundries probability density function shows the probability of Globalfoundries Stock to fall within a particular range of prices over 90 days) . Probability of Globalfoundries price to stay between $ 42.09 and its current price of $43.25 at the end of the 90-day period is about 15.33 .
Considering the 90-day investment horizon the stock has the beta coefficient of 2.88 . This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Globalfoundries will likely underperform. Additionally Globalfoundries 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. Globalfoundries Price Density |
| Price |
Predictive Modules for Globalfoundries
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Globalfoundries. 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.Globalfoundries Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Globalfoundries is not an exception. The market had few large corrections towards the Globalfoundries' 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 Globalfoundries, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Globalfoundries within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.39 | |
β | Beta against Dow Jones | 2.88 | |
σ | Overall volatility | 2.25 | |
Ir | Information ratio | -0.04 |
Globalfoundries 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 Globalfoundries for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Globalfoundries can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Globalfoundries had very high historical volatility over the last 90 days | |
| Globalfoundries has a strong financial position based on the latest SEC filings | |
| Latest headline from finance.yahoo.com: GlobalFoundries Inc. Secures 1.5 Billion US Grant Amid Nationwide Semiconductor Investment Push |
Globalfoundries 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 Globalfoundries Stock often depends not only on the future outlook of the current and potential Globalfoundries' 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. Globalfoundries' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 556 M | |
| Cash And Short Term Investments | 3.5 B |
Globalfoundries Technical Analysis
Globalfoundries' future price can be derived by breaking down and analyzing its technical indicators over time. Globalfoundries Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Globalfoundries. In general, you should focus on analyzing Globalfoundries Stock price patterns and their correlations with different microeconomic environments and drivers.
Globalfoundries Predictive Forecast Models
Globalfoundries' time-series forecasting models is one of many Globalfoundries' 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 Globalfoundries' 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 Globalfoundries
Checking the ongoing alerts about Globalfoundries for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Globalfoundries help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Globalfoundries had very high historical volatility over the last 90 days | |
| Globalfoundries has a strong financial position based on the latest SEC filings | |
| Latest headline from finance.yahoo.com: GlobalFoundries Inc. Secures 1.5 Billion US Grant Amid Nationwide Semiconductor Investment Push |
Additional Tools for Globalfoundries Stock Analysis
When running Globalfoundries' price analysis, check to measure Globalfoundries' 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 Globalfoundries is operating at the current time. Most of Globalfoundries' value examination focuses on studying past and present price action to predict the probability of Globalfoundries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Globalfoundries' price. Additionally, you may evaluate how the addition of Globalfoundries to your portfolios can decrease your overall portfolio volatility.