Proto Labs Stock Probability of Future Stock Price Finishing Over 41.87
| PRLB Stock | USD 41.50 1.76 4.43% |
Proto |
Proto Labs Target Price Odds to finish over 41.87
The tendency of Proto 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 over $ 41.87 or more in 90 days |
| 41.50 | 90 days | 41.87 | near 1 |
Based on a normal probability distribution, the odds of Proto Labs to move over $ 41.87 or more in 90 days from now is near 1 (This Proto Labs probability density function shows the probability of Proto Stock to fall within a particular range of prices over 90 days) . Probability of Proto Labs price to stay between its current price of $ 41.50 and $ 41.87 at the end of the 90-day period is near 1 .
Given the investment horizon of 90 days the stock has the beta coefficient of 3.25 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, Proto Labs will likely underperform. Additionally Proto Labs has an alpha of 0.2231, implying that it can generate a 0.22 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Proto Labs Price Density |
| Price |
Predictive Modules for Proto Labs
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Proto Labs. 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.Proto Labs Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Proto Labs is not an exception. The market had few large corrections towards the Proto Labs' 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 Proto Labs, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Proto Labs within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.22 | |
β | Beta against Dow Jones | 3.25 | |
σ | Overall volatility | 4.27 | |
Ir | Information ratio | 0.09 |
Proto Labs 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 Proto Labs for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Proto Labs can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Proto Labs is way too risky over 90 days horizon | |
| Proto Labs appears to be risky and price may revert if volatility continues | |
| Proto Labs has a strong financial position based on the latest SEC filings | |
| Over 91.0% of the company shares are owned by institutional investors | |
| Latest headline from simplywall.st: Proto Labs Performance Is Even Better Than Its Earnings Suggest |
Proto Labs 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 Proto Stock often depends not only on the future outlook of the current and potential Proto Labs' 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. Proto Labs' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 26.2 M | |
| Cash And Short Term Investments | 102.8 M |
Proto Labs Technical Analysis
Proto Labs' future price can be derived by breaking down and analyzing its technical indicators over time. Proto Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Proto Labs. In general, you should focus on analyzing Proto Stock price patterns and their correlations with different microeconomic environments and drivers.
Proto Labs Predictive Forecast Models
Proto Labs' time-series forecasting models is one of many Proto Labs' 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 Proto Labs' 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 Proto Labs
Checking the ongoing alerts about Proto Labs for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Proto Labs help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Proto Labs is way too risky over 90 days horizon | |
| Proto Labs appears to be risky and price may revert if volatility continues | |
| Proto Labs has a strong financial position based on the latest SEC filings | |
| Over 91.0% of the company shares are owned by institutional investors | |
| Latest headline from simplywall.st: Proto Labs Performance Is Even Better Than Its Earnings Suggest |
Check out Proto Labs Backtesting, Proto Labs Valuation, Proto Labs Correlation, Proto Labs Hype Analysis, Proto Labs Volatility, Proto Labs History as well as Proto Labs Performance. For information on how to trade Proto Stock refer to our How to Trade Proto Stock guide.You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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 Proto Labs. If investors know Proto 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 Proto Labs 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 (0.06) | Earnings Share 0.94 | Revenue Per Share 19.816 | Quarterly Revenue Growth (0.04) | Return On Assets 0.0242 |
The market value of Proto Labs is measured differently than its book value, which is the value of Proto that is recorded on the company's balance sheet. Investors also form their own opinion of Proto Labs' value that differs from its market value or its book value, called intrinsic value, which is Proto Labs' 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 Proto Labs' market value can be influenced by many factors that don't directly affect Proto Labs' 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 Proto Labs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Proto Labs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Proto Labs' 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.