Trueblue Stock Odds of Future Stock Price Finishing Over 7.27
| TBI Stock | USD 7.31 0.07 0.97% |
TrueBlue |
TrueBlue Target Price Odds to finish over 7.27
The tendency of TrueBlue 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 above $ 7.27 in 90 days |
| 7.31 | 90 days | 7.27 | about 79.27 |
Based on a normal probability distribution, the odds of TrueBlue to stay above $ 7.27 in 90 days from now is about 79.27 (This TrueBlue probability density function shows the probability of TrueBlue Stock to fall within a particular range of prices over 90 days) . Probability of TrueBlue price to stay between $ 7.27 and its current price of $7.31 at the end of the 90-day period is under 4.
Considering the 90-day investment horizon the stock has the beta coefficient of 2.02 . This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, TrueBlue will likely underperform. Additionally TrueBlue 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. TrueBlue Price Density |
| Price |
Predictive Modules for TrueBlue
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as TrueBlue. 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.TrueBlue Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. TrueBlue is not an exception. The market had few large corrections towards the TrueBlue'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 TrueBlue, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of TrueBlue within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.37 | |
β | Beta against Dow Jones | 2.02 | |
σ | Overall volatility | 0.38 | |
Ir | Information ratio | -0.09 |
TrueBlue 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 TrueBlue for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for TrueBlue can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| TrueBlue generated a negative expected return over the last 90 days | |
| The company reported the last year's revenue of 1.91 B. Reported Net Loss for the year was (14.17 M) with profit before taxes, overhead, and interest of 602.14 M. | |
| TrueBlue has a strong financial position based on the latest SEC filings | |
| Over 99.0% of the company shares are owned by institutional investors | |
| Latest headline from thelincolnianonline.com: Pzena Investment Management LLC Decreases Holdings in TrueBlue, Inc. |
TrueBlue 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 TrueBlue Stock often depends not only on the future outlook of the current and potential TrueBlue'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. TrueBlue's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 31.3 M | |
| Cash And Short Term Investments | 61.9 M |
TrueBlue Technical Analysis
TrueBlue's future price can be derived by breaking down and analyzing its technical indicators over time. TrueBlue Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of TrueBlue. In general, you should focus on analyzing TrueBlue Stock price patterns and their correlations with different microeconomic environments and drivers.
TrueBlue Predictive Forecast Models
TrueBlue's time-series forecasting models is one of many TrueBlue'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 TrueBlue'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 TrueBlue
Checking the ongoing alerts about TrueBlue for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for TrueBlue help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| TrueBlue generated a negative expected return over the last 90 days | |
| The company reported the last year's revenue of 1.91 B. Reported Net Loss for the year was (14.17 M) with profit before taxes, overhead, and interest of 602.14 M. | |
| TrueBlue has a strong financial position based on the latest SEC filings | |
| Over 99.0% of the company shares are owned by institutional investors | |
| Latest headline from thelincolnianonline.com: Pzena Investment Management LLC Decreases Holdings in TrueBlue, Inc. |
Check out TrueBlue Backtesting, TrueBlue Valuation, TrueBlue Correlation, TrueBlue Hype Analysis, TrueBlue Volatility, TrueBlue History as well as TrueBlue Performance. For more detail on how to invest in TrueBlue Stock please use our How to Invest in TrueBlue guide.You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Is Human Resource & Employment Services 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 TrueBlue. If investors know TrueBlue 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 TrueBlue 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 (0.63) | Earnings Share (3.83) | Revenue Per Share 54.77 | Quarterly Revenue Growth (0.19) | Return On Assets (0.02) |
The market value of TrueBlue is measured differently than its book value, which is the value of TrueBlue that is recorded on the company's balance sheet. Investors also form their own opinion of TrueBlue's value that differs from its market value or its book value, called intrinsic value, which is TrueBlue'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 TrueBlue's market value can be influenced by many factors that don't directly affect TrueBlue'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 TrueBlue's value and its price as these two are different measures arrived at by different means. Investors typically determine if TrueBlue is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TrueBlue'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.