CARPENTER TECHNOLOGY P Probability of Future Bond Price Finishing Over 99.80
| 144285AL7 | 99.80 0.61 0.61% |
CARPENTER |
CARPENTER Target Price Odds to finish over 99.80
The tendency of CARPENTER Bond 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 above the current price in 90 days |
| 99.80 | 90 days | 99.80 | more than 93.0 |
Based on a normal probability distribution, the odds of CARPENTER to move above the current price in 90 days from now is more than 93.0 (This CARPENTER TECHNOLOGY P probability density function shows the probability of CARPENTER Bond to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon CARPENTER has a beta of 0.22. This usually implies as returns on the market go up, CARPENTER average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding CARPENTER TECHNOLOGY P will be expected to be much smaller as well. Additionally CARPENTER TECHNOLOGY P 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. CARPENTER Price Density |
| Price |
Predictive Modules for CARPENTER
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as CARPENTER TECHNOLOGY. Regardless of method or technology, however, to accurately forecast the bond market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the bond 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.CARPENTER Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. CARPENTER is not an exception. The market had few large corrections towards the CARPENTER'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 CARPENTER TECHNOLOGY P, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of CARPENTER within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.05 | |
β | Beta against Dow Jones | 0.22 | |
σ | Overall volatility | 0.39 | |
Ir | Information ratio | -0.28 |
CARPENTER 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 CARPENTER for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for CARPENTER TECHNOLOGY can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| CARPENTER TECHNOLOGY generated a negative expected return over the last 90 days |
CARPENTER Technical Analysis
CARPENTER's future price can be derived by breaking down and analyzing its technical indicators over time. CARPENTER Bond technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of CARPENTER TECHNOLOGY P. In general, you should focus on analyzing CARPENTER Bond price patterns and their correlations with different microeconomic environments and drivers.
CARPENTER Predictive Forecast Models
CARPENTER's time-series forecasting models is one of many CARPENTER's bond 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 CARPENTER'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 bond market movement and maximize returns from investment trading.
Things to note about CARPENTER TECHNOLOGY
Checking the ongoing alerts about CARPENTER for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for CARPENTER TECHNOLOGY help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| CARPENTER TECHNOLOGY generated a negative expected return over the last 90 days |
Other Information on Investing in CARPENTER Bond
CARPENTER financial ratios help investors to determine whether CARPENTER Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in CARPENTER with respect to the benefits of owning CARPENTER security.