Modine Manufacturing Stock Probability of Future Stock Price Finishing Over 143.22
| MOD Stock | USD 143.22 2.73 1.94% |
Modine |
Modine Manufacturing Target Price Odds to finish over 143.22
The tendency of Modine 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 above the current price in 90 days |
| 143.22 | 90 days | 143.22 | under 4 |
Based on a normal probability distribution, the odds of Modine Manufacturing to move above the current price in 90 days from now is under 4 (This Modine Manufacturing probability density function shows the probability of Modine Stock to fall within a particular range of prices over 90 days) .
Considering the 90-day investment horizon the stock has the beta coefficient of 3.2 . 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, Modine Manufacturing will likely underperform. Additionally Modine Manufacturing has an alpha of 0.0388, implying that it can generate a 0.0388 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Modine Manufacturing Price Density |
| Price |
Predictive Modules for Modine Manufacturing
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Modine Manufacturing. 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.Modine Manufacturing Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Modine Manufacturing is not an exception. The market had few large corrections towards the Modine Manufacturing'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 Modine Manufacturing, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Modine Manufacturing within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.04 | |
β | Beta against Dow Jones | 3.20 | |
σ | Overall volatility | 10.84 | |
Ir | Information ratio | 0.08 |
Modine Manufacturing 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 Modine Manufacturing for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Modine Manufacturing can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Modine Manufacturing had very high historical volatility over the last 90 days | |
| Modine Manufacturing has a strong financial position based on the latest SEC filings | |
| Over 98.0% of the company shares are owned by institutional investors | |
| Latest headline from finance.yahoo.com: Here is What to Know Beyond Why Modine Manufacturing Company is a Trending Stock |
Modine Manufacturing 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 Modine Stock often depends not only on the future outlook of the current and potential Modine Manufacturing'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. Modine Manufacturing's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 53.4 M | |
| Cash And Short Term Investments | 60.1 M |
Modine Manufacturing Technical Analysis
Modine Manufacturing's future price can be derived by breaking down and analyzing its technical indicators over time. Modine Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Modine Manufacturing. In general, you should focus on analyzing Modine Stock price patterns and their correlations with different microeconomic environments and drivers.
Modine Manufacturing Predictive Forecast Models
Modine Manufacturing's time-series forecasting models is one of many Modine Manufacturing'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 Modine Manufacturing'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 Modine Manufacturing
Checking the ongoing alerts about Modine Manufacturing for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Modine Manufacturing help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Modine Manufacturing had very high historical volatility over the last 90 days | |
| Modine Manufacturing has a strong financial position based on the latest SEC filings | |
| Over 98.0% of the company shares are owned by institutional investors | |
| Latest headline from finance.yahoo.com: Here is What to Know Beyond Why Modine Manufacturing Company is a Trending Stock |
Check out Modine Manufacturing Backtesting, Modine Manufacturing Valuation, Modine Manufacturing Correlation, Modine Manufacturing Hype Analysis, Modine Manufacturing Volatility, Modine Manufacturing History as well as Modine Manufacturing Performance. For information on how to trade Modine Stock refer to our How to Trade Modine Stock guide.You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Is Automotive Parts & Equipment 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 Modine Manufacturing. If investors know Modine 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 Modine Manufacturing 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 (0.01) | Earnings Share 3.04 | Revenue Per Share 47.367 | Quarterly Revenue Growth 0.06 | Return On Assets 0.0984 |
The market value of Modine Manufacturing is measured differently than its book value, which is the value of Modine that is recorded on the company's balance sheet. Investors also form their own opinion of Modine Manufacturing's value that differs from its market value or its book value, called intrinsic value, which is Modine Manufacturing'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 Modine Manufacturing's market value can be influenced by many factors that don't directly affect Modine Manufacturing'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 Modine Manufacturing's value and its price as these two are different measures arrived at by different means. Investors typically determine if Modine Manufacturing is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Modine Manufacturing'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.