Parker Hannifin Stock Probability of Future Stock Price Finishing Under 651.91
| PH Stock | USD 665.99 7.75 1.15% |
Parker |
Parker Hannifin Target Price Odds to finish below 651.91
The tendency of Parker 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 $ 651.91 or more in 90 days |
| 665.99 | 90 days | 651.91 | about 44.15 |
Based on a normal probability distribution, the odds of Parker Hannifin to drop to $ 651.91 or more in 90 days from now is about 44.15 (This Parker Hannifin probability density function shows the probability of Parker Stock to fall within a particular range of prices over 90 days) . Probability of Parker Hannifin price to stay between $ 651.91 and its current price of $665.99 at the end of the 90-day period is about 15.92 .
Allowing for the 90-day total investment horizon the stock has the beta coefficient of 1.42 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Parker Hannifin will likely underperform. Additionally Parker Hannifin has an alpha of 0.0881, implying that it can generate a 0.0881 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Parker Hannifin Price Density |
| Price |
Predictive Modules for Parker Hannifin
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Parker Hannifin. 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.Parker Hannifin Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Parker Hannifin is not an exception. The market had few large corrections towards the Parker Hannifin'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 Parker Hannifin, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Parker Hannifin within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.09 | |
β | Beta against Dow Jones | 1.42 | |
σ | Overall volatility | 34.99 | |
Ir | Information ratio | 0.08 |
Parker Hannifin 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 Parker Hannifin for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Parker Hannifin can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Over 84.0% of the company shares are owned by institutional investors | |
| On 6th of December 2024 Parker Hannifin paid $ 1.63 per share dividend to its current shareholders | |
| Latest headline from businesswire.com: Major Reverse Osmosis System Components for Water Treatment Market - Reverse Osmosis System Components Market Set to Surpass USD 32 Billion by 2029 with a Notable CAGR of 11.2 percent - ResearchAndMarkets.com |
Parker Hannifin 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 Parker Stock often depends not only on the future outlook of the current and potential Parker Hannifin'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. Parker Hannifin's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 130.2 M | |
| Cash And Short Term Investments | 422 M |
Parker Hannifin Technical Analysis
Parker Hannifin's future price can be derived by breaking down and analyzing its technical indicators over time. Parker Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Parker Hannifin. In general, you should focus on analyzing Parker Stock price patterns and their correlations with different microeconomic environments and drivers.
Parker Hannifin Predictive Forecast Models
Parker Hannifin's time-series forecasting models is one of many Parker Hannifin'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 Parker Hannifin'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 Parker Hannifin
Checking the ongoing alerts about Parker Hannifin for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Parker Hannifin help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Over 84.0% of the company shares are owned by institutional investors | |
| On 6th of December 2024 Parker Hannifin paid $ 1.63 per share dividend to its current shareholders | |
| Latest headline from businesswire.com: Major Reverse Osmosis System Components for Water Treatment Market - Reverse Osmosis System Components Market Set to Surpass USD 32 Billion by 2029 with a Notable CAGR of 11.2 percent - ResearchAndMarkets.com |
Check out Parker Hannifin Backtesting, Parker Hannifin Valuation, Parker Hannifin Correlation, Parker Hannifin Hype Analysis, Parker Hannifin Volatility, Parker Hannifin History as well as Parker Hannifin Performance. For more detail on how to invest in Parker Stock please use our How to Invest in Parker Hannifin 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 Industrial Machinery & Supplies & Components 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 Parker Hannifin. If investors know Parker 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 Parker Hannifin 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 0.07 | Dividend Share 6.22 | Earnings Share 22.23 | Revenue Per Share 155.467 | Quarterly Revenue Growth 0.012 |
The market value of Parker Hannifin is measured differently than its book value, which is the value of Parker that is recorded on the company's balance sheet. Investors also form their own opinion of Parker Hannifin's value that differs from its market value or its book value, called intrinsic value, which is Parker Hannifin'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 Parker Hannifin's market value can be influenced by many factors that don't directly affect Parker Hannifin'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 Parker Hannifin's value and its price as these two are different measures arrived at by different means. Investors typically determine if Parker Hannifin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Parker Hannifin'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.