Preformed Line Products Stock Probability of Future Stock Price Finishing Under 126.20
| PLPC Stock | USD 143.56 5.04 3.64% |
Preformed |
Preformed Line Target Price Odds to finish below 126.20
The tendency of Preformed 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 $ 126.20 or more in 90 days |
| 143.56 | 90 days | 126.20 | about 58.14 |
Based on a normal probability distribution, the odds of Preformed Line to drop to $ 126.20 or more in 90 days from now is about 58.14 (This Preformed Line Products probability density function shows the probability of Preformed Stock to fall within a particular range of prices over 90 days) . Probability of Preformed Line Products price to stay between $ 126.20 and its current price of $143.56 at the end of the 90-day period is about 41.12 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.85 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, Preformed Line will likely underperform. Additionally Preformed Line Products has an alpha of 0.054, implying that it can generate a 0.054 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Preformed Line Price Density |
| Price |
Predictive Modules for Preformed Line
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Preformed Line Products. 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.Preformed Line Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Preformed Line is not an exception. The market had few large corrections towards the Preformed Line'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 Preformed Line Products, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Preformed Line within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.05 | |
β | Beta against Dow Jones | 1.85 | |
σ | Overall volatility | 7.40 | |
Ir | Information ratio | 0.07 |
Preformed Line 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 Preformed Line for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Preformed Line Products can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Preformed Line is unlikely to experience financial distress in the next 2 years | |
| Preformed Line has a strong financial position based on the latest SEC filings | |
| About 51.0% of the company outstanding shares are owned by corporate insiders | |
| On 21st of October 2024 Preformed Line paid $ 0.2 per share dividend to its current shareholders | |
| Latest headline from MacroaxisInsider: Disposition of 700 shares by Oshaughnessy Timothy of Preformed Line at 130.34 subject to Rule 16b-3 |
Preformed Line 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 Preformed Stock often depends not only on the future outlook of the current and potential Preformed Line'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. Preformed Line's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 5 M | |
| Cash And Short Term Investments | 53.6 M |
Preformed Line Technical Analysis
Preformed Line's future price can be derived by breaking down and analyzing its technical indicators over time. Preformed Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Preformed Line Products. In general, you should focus on analyzing Preformed Stock price patterns and their correlations with different microeconomic environments and drivers.
Preformed Line Predictive Forecast Models
Preformed Line's time-series forecasting models is one of many Preformed Line'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 Preformed Line'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 Preformed Line Products
Checking the ongoing alerts about Preformed Line for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Preformed Line Products help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Preformed Line is unlikely to experience financial distress in the next 2 years | |
| Preformed Line has a strong financial position based on the latest SEC filings | |
| About 51.0% of the company outstanding shares are owned by corporate insiders | |
| On 21st of October 2024 Preformed Line paid $ 0.2 per share dividend to its current shareholders | |
| Latest headline from MacroaxisInsider: Disposition of 700 shares by Oshaughnessy Timothy of Preformed Line at 130.34 subject to Rule 16b-3 |
Check out Preformed Line Backtesting, Preformed Line Valuation, Preformed Line Correlation, Preformed Line Hype Analysis, Preformed Line Volatility, Preformed Line History as well as Preformed Line Performance. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Is Electrical Components & 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 Preformed Line. If investors know Preformed 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 Preformed Line 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 (0.49) | Dividend Share 0.8 | Earnings Share 6.66 | Revenue Per Share 116.621 | Quarterly Revenue Growth (0.08) |
The market value of Preformed Line Products is measured differently than its book value, which is the value of Preformed that is recorded on the company's balance sheet. Investors also form their own opinion of Preformed Line's value that differs from its market value or its book value, called intrinsic value, which is Preformed Line'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 Preformed Line's market value can be influenced by many factors that don't directly affect Preformed Line'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 Preformed Line's value and its price as these two are different measures arrived at by different means. Investors typically determine if Preformed Line is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Preformed Line'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.