Kornit Digital Stock Probability of Future Stock Price Finishing Under 27.36
| KRNT Stock | USD 31.36 0.70 2.18% |
Closest to current price Kornit long CALL Option Payoff at Expiration
Kornit |
Kornit Digital Target Price Odds to finish below 27.36
The tendency of Kornit 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 $ 27.36 or more in 90 days |
| 31.36 | 90 days | 27.36 | about 70.49 |
Based on a normal probability distribution, the odds of Kornit Digital to drop to $ 27.36 or more in 90 days from now is about 70.49 (This Kornit Digital probability density function shows the probability of Kornit Stock to fall within a particular range of prices over 90 days) . Probability of Kornit Digital price to stay between $ 27.36 and its current price of $31.36 at the end of the 90-day period is about 22.95 .
Given the investment horizon of 90 days the stock has the beta coefficient of 2.9 . This 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, Kornit Digital will likely underperform. Additionally Kornit Digital has an alpha of 0.4433, implying that it can generate a 0.44 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Kornit Digital Price Density |
| Price |
Predictive Modules for Kornit Digital
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Kornit Digital. 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.Kornit Digital Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Kornit Digital is not an exception. The market had few large corrections towards the Kornit Digital'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 Kornit Digital, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Kornit Digital within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.44 | |
β | Beta against Dow Jones | 2.90 | |
σ | Overall volatility | 4.10 | |
Ir | Information ratio | 0.15 |
Kornit Digital 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 Kornit Digital for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Kornit Digital can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Kornit Digital appears to be risky and price may revert if volatility continues | |
| The company reported the previous year's revenue of 219.79 M. Net Loss for the year was (64.35 M) with profit before overhead, payroll, taxes, and interest of 96.5 M. | |
| Kornit Digital currently holds about 447.42 M in cash with (34.68 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 8.98. | |
| Over 100.0% of the company shares are owned by institutional investors | |
| Latest headline from finance.yahoo.com: Kornit Digital is a Great Momentum Stock Should You Buy |
Kornit Digital 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 Kornit Stock often depends not only on the future outlook of the current and potential Kornit Digital'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. Kornit Digital's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 49.2 M | |
| Cash And Short Term Investments | 332.5 M |
Kornit Digital Technical Analysis
Kornit Digital's future price can be derived by breaking down and analyzing its technical indicators over time. Kornit Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Kornit Digital. In general, you should focus on analyzing Kornit Stock price patterns and their correlations with different microeconomic environments and drivers.
Kornit Digital Predictive Forecast Models
Kornit Digital's time-series forecasting models is one of many Kornit Digital'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 Kornit Digital'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 Kornit Digital
Checking the ongoing alerts about Kornit Digital for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Kornit Digital help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Kornit Digital appears to be risky and price may revert if volatility continues | |
| The company reported the previous year's revenue of 219.79 M. Net Loss for the year was (64.35 M) with profit before overhead, payroll, taxes, and interest of 96.5 M. | |
| Kornit Digital currently holds about 447.42 M in cash with (34.68 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 8.98. | |
| Over 100.0% of the company shares are owned by institutional investors | |
| Latest headline from finance.yahoo.com: Kornit Digital is a Great Momentum Stock Should You Buy |
Additional Tools for Kornit Stock Analysis
When running Kornit Digital's price analysis, check to measure Kornit Digital'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 Kornit Digital is operating at the current time. Most of Kornit Digital's value examination focuses on studying past and present price action to predict the probability of Kornit Digital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kornit Digital's price. Additionally, you may evaluate how the addition of Kornit Digital to your portfolios can decrease your overall portfolio volatility.