Gildan Activewear (Germany) Probability of Future Stock Price Finishing Under 44.35
| VGA Stock | EUR 47.00 0.60 1.26% |
Gildan |
Gildan Activewear Target Price Odds to finish below 44.35
The tendency of Gildan 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 € 44.35 or more in 90 days |
| 47.00 | 90 days | 44.35 | about 77.88 |
Based on a normal probability distribution, the odds of Gildan Activewear to drop to € 44.35 or more in 90 days from now is about 77.88 (This Gildan Activewear probability density function shows the probability of Gildan Stock to fall within a particular range of prices over 90 days) . Probability of Gildan Activewear price to stay between € 44.35 and its current price of €47.0 at the end of the 90-day period is about 19.24 .
Assuming the 90 days horizon Gildan Activewear has a beta of -0.3. This entails as returns on the benchmark increase, returns on holding Gildan Activewear are expected to decrease at a much lower rate. During a bear market, however, Gildan Activewear is likely to outperform the market. Additionally Gildan Activewear has an alpha of 0.3976, implying that it can generate a 0.4 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Gildan Activewear Price Density |
| Price |
Predictive Modules for Gildan Activewear
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Gildan Activewear. 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.Gildan Activewear Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Gildan Activewear is not an exception. The market had few large corrections towards the Gildan Activewear'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 Gildan Activewear, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Gildan Activewear within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.40 | |
β | Beta against Dow Jones | -0.3 | |
σ | Overall volatility | 2.30 | |
Ir | Information ratio | 0.21 |
Gildan Activewear 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 Gildan Activewear for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Gildan Activewear can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Over 88.0% of the company outstanding shares are owned by institutional investors |
Gildan Activewear 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 Gildan Stock often depends not only on the future outlook of the current and potential Gildan Activewear'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. Gildan Activewear's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 179.7 M |
Gildan Activewear Technical Analysis
Gildan Activewear's future price can be derived by breaking down and analyzing its technical indicators over time. Gildan Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Gildan Activewear. In general, you should focus on analyzing Gildan Stock price patterns and their correlations with different microeconomic environments and drivers.
Gildan Activewear Predictive Forecast Models
Gildan Activewear's time-series forecasting models is one of many Gildan Activewear'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 Gildan Activewear'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 Gildan Activewear
Checking the ongoing alerts about Gildan Activewear for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Gildan Activewear help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Over 88.0% of the company outstanding shares are owned by institutional investors |
Additional Information and Resources on Investing in Gildan Stock
When determining whether Gildan Activewear is a strong investment it is important to analyze Gildan Activewear's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Gildan Activewear's future performance. For an informed investment choice regarding Gildan Stock, refer to the following important reports:Check out Gildan Activewear Backtesting, Gildan Activewear Valuation, Gildan Activewear Correlation, Gildan Activewear Hype Analysis, Gildan Activewear Volatility, Gildan Activewear History as well as Gildan Activewear Performance. For more detail on how to invest in Gildan Stock please use our How to Invest in Gildan Activewear guide.You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.