Hurco Companies Stock Probability of Future Stock Price Finishing Under 15.34
| HURC Stock | USD 22.66 0.23 1.00% |
Hurco |
Hurco Companies Target Price Odds to finish below 15.34
The tendency of Hurco 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 $ 15.34 or more in 90 days |
| 22.66 | 90 days | 15.34 | near 1 |
Based on a normal probability distribution, the odds of Hurco Companies to drop to $ 15.34 or more in 90 days from now is near 1 (This Hurco Companies probability density function shows the probability of Hurco Stock to fall within a particular range of prices over 90 days) . Probability of Hurco Companies price to stay between $ 15.34 and its current price of $22.66 at the end of the 90-day period is more than 93.0 .
Given the investment horizon of 90 days Hurco Companies has a beta of 0.63. This usually indicates as returns on the market go up, Hurco Companies average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Hurco Companies will be expected to be much smaller as well. Additionally Hurco Companies has an alpha of 0.4068, implying that it can generate a 0.41 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Hurco Companies Price Density |
| Price |
Predictive Modules for Hurco Companies
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Hurco Companies. 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.Hurco Companies Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Hurco Companies is not an exception. The market had few large corrections towards the Hurco Companies' 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 Hurco Companies, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Hurco Companies within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.41 | |
β | Beta against Dow Jones | 0.63 | |
σ | Overall volatility | 1.80 | |
Ir | Information ratio | 0.13 |
Hurco Companies 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 Hurco Companies for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Hurco Companies can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Hurco Companies currently holds about 73.54 M in cash with (12.82 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 11.2. | |
| Roughly 71.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Brandes Investment Partners, LP Increases Stake in Hurco Companies Inc |
Hurco Companies 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 Hurco Stock often depends not only on the future outlook of the current and potential Hurco Companies' 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. Hurco Companies' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 6.5 M | |
| Cash And Short Term Investments | 41.8 M |
Hurco Companies Technical Analysis
Hurco Companies' future price can be derived by breaking down and analyzing its technical indicators over time. Hurco Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Hurco Companies. In general, you should focus on analyzing Hurco Stock price patterns and their correlations with different microeconomic environments and drivers.
Hurco Companies Predictive Forecast Models
Hurco Companies' time-series forecasting models is one of many Hurco Companies' 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 Hurco Companies' 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 Hurco Companies
Checking the ongoing alerts about Hurco Companies for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Hurco Companies help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Hurco Companies currently holds about 73.54 M in cash with (12.82 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 11.2. | |
| Roughly 71.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Brandes Investment Partners, LP Increases Stake in Hurco Companies Inc |
Check out Hurco Companies Backtesting, Hurco Companies Valuation, Hurco Companies Correlation, Hurco Companies Hype Analysis, Hurco Companies Volatility, Hurco Companies History as well as Hurco Companies Performance. For information on how to trade Hurco Stock refer to our How to Trade Hurco Stock guide.You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
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 Hurco Companies. If investors know Hurco 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 Hurco Companies 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 0.686 | Dividend Share 0.48 | Earnings Share (1.97) | Revenue Per Share 30.639 | Quarterly Revenue Growth (0.20) |
The market value of Hurco Companies is measured differently than its book value, which is the value of Hurco that is recorded on the company's balance sheet. Investors also form their own opinion of Hurco Companies' value that differs from its market value or its book value, called intrinsic value, which is Hurco Companies' 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 Hurco Companies' market value can be influenced by many factors that don't directly affect Hurco Companies' 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 Hurco Companies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Hurco Companies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hurco Companies' 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.