Oil Dri Stock Odds of Future Stock Price Finishing Under 58.82
| ODC Stock | USD 69.12 0.44 0.63% |
Oil |
Oil Dri Target Price Odds to finish below 58.82
The tendency of Oil 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 $ 58.82 or more in 90 days |
| 69.12 | 90 days | 58.82 | near 1 |
Based on a normal probability distribution, the odds of Oil Dri to drop to $ 58.82 or more in 90 days from now is near 1 (This Oil Dri probability density function shows the probability of Oil Stock to fall within a particular range of prices over 90 days) . Probability of Oil Dri price to stay between $ 58.82 and its current price of $69.12 at the end of the 90-day period is about 66.1 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.04 . This indicates Oil Dri market returns are highly-sensitive to returns on the market. As the market goes up or down, Oil Dri is expected to follow. Additionally Oil Dri 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. Oil Dri Price Density |
| Price |
Predictive Modules for Oil Dri
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Oil Dri. 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 Oil Dri's 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.
Oil Dri Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Oil Dri is not an exception. The market had few large corrections towards the Oil Dri'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 Oil Dri, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Oil Dri within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.08 | |
β | Beta against Dow Jones | 1.04 | |
σ | Overall volatility | 2.02 | |
Ir | Information ratio | -0.05 |
Oil Dri 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 Oil Dri for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Oil Dri can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| About 69.0% of the company shares are owned by institutional investors | |
| On 22nd of November 2024 Oil Dri paid $ 0.31 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: Susan Kreh, CFO and CIO of Oil-Dri Corporation of America, Named FEIs Chicago CFO of the Year for a Mid-Size Public Company |
Oil Dri 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 Oil Stock often depends not only on the future outlook of the current and potential Oil Dri'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. Oil Dri's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 8.8 M | |
| Cash And Short Term Investments | 23.5 M |
Oil Dri Technical Analysis
Oil Dri's future price can be derived by breaking down and analyzing its technical indicators over time. Oil Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Oil Dri. In general, you should focus on analyzing Oil Stock price patterns and their correlations with different microeconomic environments and drivers.
Oil Dri Predictive Forecast Models
Oil Dri's time-series forecasting models is one of many Oil Dri'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 Oil Dri'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 Oil Dri
Checking the ongoing alerts about Oil Dri for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Oil Dri help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| About 69.0% of the company shares are owned by institutional investors | |
| On 22nd of November 2024 Oil Dri paid $ 0.31 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: Susan Kreh, CFO and CIO of Oil-Dri Corporation of America, Named FEIs Chicago CFO of the Year for a Mid-Size Public Company |
Check out Oil Dri Backtesting, Oil Dri Valuation, Oil Dri Correlation, Oil Dri Hype Analysis, Oil Dri Volatility, Oil Dri History as well as Oil Dri Performance. For information on how to trade Oil Stock refer to our How to Trade Oil Stock guide.You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Is Household Products 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 Oil Dri. If investors know Oil 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 Oil Dri 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) | Dividend Share 1.18 | Earnings Share 5.43 | Revenue Per Share 63.779 | Quarterly Revenue Growth 0.059 |
The market value of Oil Dri is measured differently than its book value, which is the value of Oil that is recorded on the company's balance sheet. Investors also form their own opinion of Oil Dri's value that differs from its market value or its book value, called intrinsic value, which is Oil Dri'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 Oil Dri's market value can be influenced by many factors that don't directly affect Oil Dri'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 Oil Dri's value and its price as these two are different measures arrived at by different means. Investors typically determine if Oil Dri is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Oil Dri'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.