Corning Incorporated Stock Probability of Future Stock Price Finishing Over 41.6
| GLW Stock | USD 48.22 0.22 0.46% |
Corning |
Corning Incorporated Target Price Odds to finish over 41.6
The tendency of Corning 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 $ 41.60 in 90 days |
| 48.22 | 90 days | 41.60 | more than 93.0 |
Based on a normal probability distribution, the odds of Corning Incorporated to stay above $ 41.60 in 90 days from now is more than 93.0 (This Corning Incorporated probability density function shows the probability of Corning Stock to fall within a particular range of prices over 90 days) . Probability of Corning Incorporated price to stay between $ 41.60 and its current price of $48.22 at the end of the 90-day period is about 81.96 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.04 . This usually indicates Corning Incorporated market returns are correlated to returns on the market. As the market goes up or down, Corning Incorporated is expected to follow. Additionally Corning Incorporated has an alpha of 0.0904, implying that it can generate a 0.0904 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Corning Incorporated Price Density |
| Price |
Predictive Modules for Corning Incorporated
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Corning Incorporated. 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.Corning Incorporated Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Corning Incorporated is not an exception. The market had few large corrections towards the Corning Incorporated'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 Corning Incorporated, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Corning Incorporated within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.09 | |
β | Beta against Dow Jones | 1.04 | |
σ | Overall volatility | 2.45 | |
Ir | Information ratio | 0.07 |
Corning Incorporated 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 Corning Incorporated for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Corning Incorporated can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Corning Incorporated is unlikely to experience financial distress in the next 2 years | |
| Corning Incorporated has a strong financial position based on the latest SEC filings | |
| About 73.0% of the company shares are owned by institutional investors | |
| On 15th of November 2024 Corning Incorporated paid $ 0.28 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: Cornings AI Surge Key Meeting with China Amid Rising US Tensions |
Corning Incorporated 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 Corning Stock often depends not only on the future outlook of the current and potential Corning Incorporated'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. Corning Incorporated's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 859 M | |
| Cash And Short Term Investments | 1.8 B |
Corning Incorporated Technical Analysis
Corning Incorporated's future price can be derived by breaking down and analyzing its technical indicators over time. Corning Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Corning Incorporated. In general, you should focus on analyzing Corning Stock price patterns and their correlations with different microeconomic environments and drivers.
Corning Incorporated Predictive Forecast Models
Corning Incorporated's time-series forecasting models is one of many Corning Incorporated'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 Corning Incorporated'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 Corning Incorporated
Checking the ongoing alerts about Corning Incorporated for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Corning Incorporated help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Corning Incorporated is unlikely to experience financial distress in the next 2 years | |
| Corning Incorporated has a strong financial position based on the latest SEC filings | |
| About 73.0% of the company shares are owned by institutional investors | |
| On 15th of November 2024 Corning Incorporated paid $ 0.28 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: Cornings AI Surge Key Meeting with China Amid Rising US Tensions |
Additional Tools for Corning Stock Analysis
When running Corning Incorporated's price analysis, check to measure Corning Incorporated's 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 Corning Incorporated is operating at the current time. Most of Corning Incorporated's value examination focuses on studying past and present price action to predict the probability of Corning Incorporated's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Corning Incorporated's price. Additionally, you may evaluate how the addition of Corning Incorporated to your portfolios can decrease your overall portfolio volatility.