Targa Resources Stock Probability of Future Stock Price Finishing Under 199.32
| TRGP Stock | USD 204.30 2.91 1.44% |
Closest to current price Targa long CALL Option Payoff at Expiration
Targa |
Targa Resources Target Price Odds to finish below 199.32
The tendency of Targa 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 $ 199.32 or more in 90 days |
| 204.30 | 90 days | 199.32 | over 95.35 |
Based on a normal probability distribution, the odds of Targa Resources to drop to $ 199.32 or more in 90 days from now is over 95.35 (This Targa Resources probability density function shows the probability of Targa Stock to fall within a particular range of prices over 90 days) . Probability of Targa Resources price to stay between $ 199.32 and its current price of $204.3 at the end of the 90-day period is about 1.96 .
Given the investment horizon of 90 days Targa Resources has a beta of 0.53. This usually implies as returns on the market go up, Targa Resources average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Targa Resources will be expected to be much smaller as well. Additionally Targa Resources has an alpha of 0.4483, implying that it can generate a 0.45 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Targa Resources Price Density |
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Predictive Modules for Targa Resources
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Targa Resources. 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.Targa Resources Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Targa Resources is not an exception. The market had few large corrections towards the Targa Resources' 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 Targa Resources, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Targa Resources within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.45 | |
β | Beta against Dow Jones | 0.53 | |
σ | Overall volatility | 19.89 | |
Ir | Information ratio | 0.23 |
Targa Resources 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 Targa Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Targa Resources can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Targa Resources currently holds 13.01 B in liabilities with Debt to Equity (D/E) ratio of 1.7, which is about average as compared to similar companies. Targa Resources has a current ratio of 0.68, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Targa Resources' use of debt, we should always consider it together with its cash and equity. | |
| Targa Resources has a strong financial position based on the latest SEC filings | |
| Over 92.0% of Targa Resources shares are owned by institutional investors | |
| On 15th of November 2024 Targa Resources paid $ 0.75 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: ConocoPhillips Acquires Marathon Oil to Bring Over 1B in Synergies |
Targa Resources 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 Targa Stock often depends not only on the future outlook of the current and potential Targa Resources' 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. Targa Resources' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 226 M | |
| Cash And Short Term Investments | 141.7 M |
Targa Resources Technical Analysis
Targa Resources' future price can be derived by breaking down and analyzing its technical indicators over time. Targa Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Targa Resources. In general, you should focus on analyzing Targa Stock price patterns and their correlations with different microeconomic environments and drivers.
Targa Resources Predictive Forecast Models
Targa Resources' time-series forecasting models is one of many Targa Resources' 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 Targa Resources' 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 Targa Resources
Checking the ongoing alerts about Targa Resources for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Targa Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Targa Resources currently holds 13.01 B in liabilities with Debt to Equity (D/E) ratio of 1.7, which is about average as compared to similar companies. Targa Resources has a current ratio of 0.68, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Targa Resources' use of debt, we should always consider it together with its cash and equity. | |
| Targa Resources has a strong financial position based on the latest SEC filings | |
| Over 92.0% of Targa Resources shares are owned by institutional investors | |
| On 15th of November 2024 Targa Resources paid $ 0.75 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: ConocoPhillips Acquires Marathon Oil to Bring Over 1B in Synergies |
Additional Tools for Targa Stock Analysis
When running Targa Resources' price analysis, check to measure Targa Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Targa Resources is operating at the current time. Most of Targa Resources' value examination focuses on studying past and present price action to predict the probability of Targa Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Targa Resources' price. Additionally, you may evaluate how the addition of Targa Resources to your portfolios can decrease your overall portfolio volatility.