James Hardie Industries Stock Probability of Future Stock Price Finishing Under 33.27
| JHX Stock | USD 35.66 0.73 2.09% |
James |
James Hardie Target Price Odds to finish below 33.27
The tendency of James 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 $ 33.27 or more in 90 days |
| 35.66 | 90 days | 33.27 | about 13.14 |
Based on a normal probability distribution, the odds of James Hardie to drop to $ 33.27 or more in 90 days from now is about 13.14 (This James Hardie Industries probability density function shows the probability of James Stock to fall within a particular range of prices over 90 days) . Probability of James Hardie Industries price to stay between $ 33.27 and its current price of $35.66 at the end of the 90-day period is about 34.46 .
Considering the 90-day investment horizon James Hardie has a beta of 0.89. This indicates James Hardie Industries market returns are sensitive to returns on the market. As the market goes up or down, James Hardie is expected to follow. Additionally James Hardie Industries 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. James Hardie Price Density |
| Price |
Predictive Modules for James Hardie
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as James Hardie Industries. 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.James Hardie Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. James Hardie is not an exception. The market had few large corrections towards the James Hardie'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 James Hardie Industries, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of James Hardie within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.002 | |
β | Beta against Dow Jones | 0.89 | |
σ | Overall volatility | 2.26 | |
Ir | Information ratio | -0.0057 |
James Hardie 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 James Hardie for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for James Hardie Industries can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| James Hardie generated a negative expected return over the last 90 days | |
| James Hardie is unlikely to experience financial distress in the next 2 years | |
| James Hardie has a strong financial position based on the latest SEC filings | |
| Latest headline from stockhead.com.au: Criterion Overlooked building stocks are poised for a housing recovery |
James Hardie 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 James Stock often depends not only on the future outlook of the current and potential James Hardie'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. James Hardie's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 439.6 M | |
| Cash And Short Term Investments | 365 M |
James Hardie Technical Analysis
James Hardie's future price can be derived by breaking down and analyzing its technical indicators over time. James Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of James Hardie Industries. In general, you should focus on analyzing James Stock price patterns and their correlations with different microeconomic environments and drivers.
James Hardie Predictive Forecast Models
James Hardie's time-series forecasting models is one of many James Hardie'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 James Hardie'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 James Hardie Industries
Checking the ongoing alerts about James Hardie for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for James Hardie Industries help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| James Hardie generated a negative expected return over the last 90 days | |
| James Hardie is unlikely to experience financial distress in the next 2 years | |
| James Hardie has a strong financial position based on the latest SEC filings | |
| Latest headline from stockhead.com.au: Criterion Overlooked building stocks are poised for a housing recovery |
Additional Tools for James Stock Analysis
When running James Hardie's price analysis, check to measure James Hardie'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 James Hardie is operating at the current time. Most of James Hardie's value examination focuses on studying past and present price action to predict the probability of James Hardie's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move James Hardie's price. Additionally, you may evaluate how the addition of James Hardie to your portfolios can decrease your overall portfolio volatility.