Iridium Communications Stock Probability of Future Stock Price Finishing Under 36.00
| IRDM Stock | USD 29.72 0.12 0.41% |
Iridium |
Iridium Communications Target Price Odds to finish below 36.00
The tendency of Iridium 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 under $ 36.00 after 90 days |
| 29.72 | 90 days | 36.00 | close to 99 |
Based on a normal probability distribution, the odds of Iridium Communications to stay under $ 36.00 after 90 days from now is close to 99 (This Iridium Communications probability density function shows the probability of Iridium Stock to fall within a particular range of prices over 90 days) . Probability of Iridium Communications price to stay between its current price of $ 29.72 and $ 36.00 at the end of the 90-day period is about 32.78 .
Given the investment horizon of 90 days Iridium Communications has a beta of 0.58. This usually indicates as returns on the market go up, Iridium Communications average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Iridium Communications will be expected to be much smaller as well. Additionally Iridium Communications has an alpha of 0.2169, implying that it can generate a 0.22 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Iridium Communications Price Density |
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Predictive Modules for Iridium Communications
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Iridium Communications. 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 Iridium Communications' 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.
Iridium Communications Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Iridium Communications is not an exception. The market had few large corrections towards the Iridium Communications' 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 Iridium Communications, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Iridium Communications within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.22 | |
β | Beta against Dow Jones | 0.58 | |
σ | Overall volatility | 1.57 | |
Ir | Information ratio | 0.06 |
Iridium Communications 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 Iridium Communications for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Iridium Communications can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Iridium Communications has a strong financial position based on the latest SEC filings | |
| Over 87.0% of the company shares are owned by institutional investors | |
| Latest headline from simplywall.st: Risks Still Elevated At These Prices As Hytera Communications Corporation Limited Shares Dive 32 |
Iridium Communications 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 Iridium Stock often depends not only on the future outlook of the current and potential Iridium Communications' 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. Iridium Communications' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 127.2 M | |
| Cash And Short Term Investments | 71.9 M |
Iridium Communications Technical Analysis
Iridium Communications' future price can be derived by breaking down and analyzing its technical indicators over time. Iridium Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Iridium Communications. In general, you should focus on analyzing Iridium Stock price patterns and their correlations with different microeconomic environments and drivers.
Iridium Communications Predictive Forecast Models
Iridium Communications' time-series forecasting models is one of many Iridium Communications' 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 Iridium Communications' 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 Iridium Communications
Checking the ongoing alerts about Iridium Communications for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Iridium Communications help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Iridium Communications has a strong financial position based on the latest SEC filings | |
| Over 87.0% of the company shares are owned by institutional investors | |
| Latest headline from simplywall.st: Risks Still Elevated At These Prices As Hytera Communications Corporation Limited Shares Dive 32 |
Check out Iridium Communications Backtesting, Iridium Communications Valuation, Iridium Communications Correlation, Iridium Communications Hype Analysis, Iridium Communications Volatility, Iridium Communications History as well as Iridium Communications Performance. To learn how to invest in Iridium Stock, please use our How to Invest in Iridium Communications guide.You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Is Diversified Telecommunication 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 Iridium Communications. If investors know Iridium 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 Iridium Communications 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 1.074 | Dividend Share 0.54 | Earnings Share 0.93 | Revenue Per Share 6.697 | Quarterly Revenue Growth 0.077 |
The market value of Iridium Communications is measured differently than its book value, which is the value of Iridium that is recorded on the company's balance sheet. Investors also form their own opinion of Iridium Communications' value that differs from its market value or its book value, called intrinsic value, which is Iridium Communications' 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 Iridium Communications' market value can be influenced by many factors that don't directly affect Iridium Communications' 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 Iridium Communications' value and its price as these two are different measures arrived at by different means. Investors typically determine if Iridium Communications is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Iridium Communications' 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.