Northwest Pipe Stock Probability of Future Stock Price Finishing Under 37.03
| NWPX Stock | USD 56.07 0.32 0.57% |
Northwest |
Northwest Pipe Target Price Odds to finish below 37.03
The tendency of Northwest 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 $ 37.03 or more in 90 days |
| 56.07 | 90 days | 37.03 | roughly 2.5 |
Based on a normal probability distribution, the odds of Northwest Pipe to drop to $ 37.03 or more in 90 days from now is roughly 2.5 (This Northwest Pipe probability density function shows the probability of Northwest Stock to fall within a particular range of prices over 90 days) . Probability of Northwest Pipe price to stay between $ 37.03 and its current price of $56.07 at the end of the 90-day period is under 95 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.5 . 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, Northwest Pipe will likely underperform. Additionally Northwest Pipe has an alpha of 0.1847, implying that it can generate a 0.18 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Northwest Pipe Price Density |
| Price |
Predictive Modules for Northwest Pipe
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Northwest Pipe. 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.Northwest Pipe Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Northwest Pipe is not an exception. The market had few large corrections towards the Northwest Pipe'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 Northwest Pipe, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Northwest Pipe within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.18 | |
β | Beta against Dow Jones | 1.50 | |
σ | Overall volatility | 4.92 | |
Ir | Information ratio | 0.11 |
Northwest Pipe 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 Northwest Pipe for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Northwest Pipe can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Northwest Pipe has a strong financial position based on the latest SEC filings | |
| Over 84.0% of the company shares are owned by institutional investors | |
| Latest headline from zacks.com: Has Northwest Pipe Company Outpaced Other Industrial Products Stocks This Year |
Northwest Pipe 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 Northwest Stock often depends not only on the future outlook of the current and potential Northwest Pipe'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. Northwest Pipe's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 10.1 M | |
| Cash And Short Term Investments | 4.1 M |
Northwest Pipe Technical Analysis
Northwest Pipe's future price can be derived by breaking down and analyzing its technical indicators over time. Northwest Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Northwest Pipe. In general, you should focus on analyzing Northwest Stock price patterns and their correlations with different microeconomic environments and drivers.
Northwest Pipe Predictive Forecast Models
Northwest Pipe's time-series forecasting models is one of many Northwest Pipe'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 Northwest Pipe'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 Northwest Pipe
Checking the ongoing alerts about Northwest Pipe for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Northwest Pipe help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Northwest Pipe has a strong financial position based on the latest SEC filings | |
| Over 84.0% of the company shares are owned by institutional investors | |
| Latest headline from zacks.com: Has Northwest Pipe Company Outpaced Other Industrial Products Stocks This Year |
Additional Tools for Northwest Stock Analysis
When running Northwest Pipe's price analysis, check to measure Northwest Pipe'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 Northwest Pipe is operating at the current time. Most of Northwest Pipe's value examination focuses on studying past and present price action to predict the probability of Northwest Pipe's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Northwest Pipe's price. Additionally, you may evaluate how the addition of Northwest Pipe to your portfolios can decrease your overall portfolio volatility.