Gray Television Stock Probability of Future Stock Price Finishing Over 9.36
| GTN Stock | USD 4.27 0.04 0.93% |
Gray |
Gray Television Target Price Odds to finish over 9.36
The tendency of Gray 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 move over $ 9.36 or more in 90 days |
| 4.27 | 90 days | 9.36 | near 1 |
Based on a normal probability distribution, the odds of Gray Television to move over $ 9.36 or more in 90 days from now is near 1 (This Gray Television probability density function shows the probability of Gray Stock to fall within a particular range of prices over 90 days) . Probability of Gray Television price to stay between its current price of $ 4.27 and $ 9.36 at the end of the 90-day period is under 95 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.3 . 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, Gray Television will likely underperform. Additionally Gray Television 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. Gray Television Price Density |
| Price |
Predictive Modules for Gray Television
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Gray Television. 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 Gray Television'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.
Gray Television Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Gray Television is not an exception. The market had few large corrections towards the Gray Television'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 Gray Television, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Gray Television within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.31 | |
β | Beta against Dow Jones | 1.30 | |
σ | Overall volatility | 0.53 | |
Ir | Information ratio | -0.06 |
Gray Television 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 Gray Television for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Gray Television can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Gray Television generated a negative expected return over the last 90 days | |
| Gray Television has high historical volatility and very poor performance | |
| The company reported the last year's revenue of 3.28 B. Reported Net Loss for the year was (76 M) with profit before taxes, overhead, and interest of 1.43 B. | |
| Gray Television has a strong financial position based on the latest SEC filings | |
| About 73.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Gray Television Stock Drops Amid Market Volatility |
Gray Television 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 Gray Stock often depends not only on the future outlook of the current and potential Gray Television'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. Gray Television's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 92 M | |
| Cash And Short Term Investments | 21 M |
Gray Television Technical Analysis
Gray Television's future price can be derived by breaking down and analyzing its technical indicators over time. Gray Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Gray Television. In general, you should focus on analyzing Gray Stock price patterns and their correlations with different microeconomic environments and drivers.
Gray Television Predictive Forecast Models
Gray Television's time-series forecasting models is one of many Gray Television'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 Gray Television'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 Gray Television
Checking the ongoing alerts about Gray Television for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Gray Television help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Gray Television generated a negative expected return over the last 90 days | |
| Gray Television has high historical volatility and very poor performance | |
| The company reported the last year's revenue of 3.28 B. Reported Net Loss for the year was (76 M) with profit before taxes, overhead, and interest of 1.43 B. | |
| Gray Television has a strong financial position based on the latest SEC filings | |
| About 73.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Gray Television Stock Drops Amid Market Volatility |
Check out Gray Television Backtesting, Gray Television Valuation, Gray Television Correlation, Gray Television Hype Analysis, Gray Television Volatility, Gray Television History as well as Gray Television Performance. To learn how to invest in Gray Stock, please use our How to Invest in Gray Television guide.You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Is Broadcasting 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 Gray Television. If investors know Gray 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 Gray Television 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 10.164 | Dividend Share 0.32 | Earnings Share 1.5 | Revenue Per Share 36.743 | Quarterly Revenue Growth 0.183 |
The market value of Gray Television is measured differently than its book value, which is the value of Gray that is recorded on the company's balance sheet. Investors also form their own opinion of Gray Television's value that differs from its market value or its book value, called intrinsic value, which is Gray Television'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 Gray Television's market value can be influenced by many factors that don't directly affect Gray Television'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 Gray Television's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gray Television is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gray Television'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.