Taylor Devices Stock Probability of Future Stock Price Finishing Under 43.58
| TAYD Stock | USD 41.25 0.12 0.29% |
Taylor |
Taylor Devices Target Price Odds to finish below 43.58
The tendency of Taylor 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 stay under $ 43.58 after 90 days |
| 41.25 | 90 days | 43.58 | about 22.85 |
Based on a normal probability distribution, the odds of Taylor Devices to stay under $ 43.58 after 90 days from now is about 22.85 (This Taylor Devices probability density function shows the probability of Taylor Stock to fall within a particular range of prices over 90 days) . Probability of Taylor Devices price to stay between its current price of $ 41.25 and $ 43.58 at the end of the 90-day period is about 11.92 .
Given the investment horizon of 90 days Taylor Devices has a beta of 0.15. This usually implies as returns on the market go up, Taylor Devices average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Taylor Devices will be expected to be much smaller as well. Additionally Taylor Devices 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. Taylor Devices Price Density |
| Price |
Predictive Modules for Taylor Devices
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Taylor Devices. 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 Taylor Devices' 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.
Taylor Devices Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Taylor Devices is not an exception. The market had few large corrections towards the Taylor Devices' 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 Taylor Devices, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Taylor Devices within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.55 | |
β | Beta against Dow Jones | 0.15 | |
σ | Overall volatility | 4.81 | |
Ir | Information ratio | -0.13 |
Taylor Devices 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 Taylor Devices for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Taylor Devices can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Taylor Devices generated a negative expected return over the last 90 days | |
| Taylor Devices has high historical volatility and very poor performance | |
| Taylor Devices has a strong financial position based on the latest SEC filings | |
| Latest headline from thelincolnianonline.com: B. Riley Wealth Advisors Inc. Boosts Position in Taylor Devices, Inc. |
Taylor Devices 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 Taylor Stock often depends not only on the future outlook of the current and potential Taylor Devices' 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. Taylor Devices' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 3.5 M | |
| Cash And Short Term Investments | 31 M |
Taylor Devices Technical Analysis
Taylor Devices' future price can be derived by breaking down and analyzing its technical indicators over time. Taylor Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Taylor Devices. In general, you should focus on analyzing Taylor Stock price patterns and their correlations with different microeconomic environments and drivers.
Taylor Devices Predictive Forecast Models
Taylor Devices' time-series forecasting models is one of many Taylor Devices' 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 Taylor Devices' 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 Taylor Devices
Checking the ongoing alerts about Taylor Devices for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Taylor Devices help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Taylor Devices generated a negative expected return over the last 90 days | |
| Taylor Devices has high historical volatility and very poor performance | |
| Taylor Devices has a strong financial position based on the latest SEC filings | |
| Latest headline from thelincolnianonline.com: B. Riley Wealth Advisors Inc. Boosts Position in Taylor Devices, Inc. |
Check out Taylor Devices Backtesting, Taylor Devices Valuation, Taylor Devices Correlation, Taylor Devices Hype Analysis, Taylor Devices Volatility, Taylor Devices History as well as Taylor Devices Performance. For information on how to trade Taylor Stock refer to our How to Trade Taylor Stock guide.You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
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 Taylor Devices. If investors know Taylor 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 Taylor Devices 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 0.629 | Earnings Share 2.91 | Revenue Per Share 14.228 | Quarterly Revenue Growth 0.171 | Return On Assets 0.1071 |
The market value of Taylor Devices is measured differently than its book value, which is the value of Taylor that is recorded on the company's balance sheet. Investors also form their own opinion of Taylor Devices' value that differs from its market value or its book value, called intrinsic value, which is Taylor Devices' 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 Taylor Devices' market value can be influenced by many factors that don't directly affect Taylor Devices' 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 Taylor Devices' value and its price as these two are different measures arrived at by different means. Investors typically determine if Taylor Devices is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Taylor Devices' 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.