Illumina Stock Odds of Future Stock Price Finishing Over 120.52
| ILMN Stock | USD 115.58 2.81 2.49% |
Closest to current price Illumina long CALL Option Payoff at Expiration
Illumina |
Illumina Target Price Odds to finish over 120.52
The tendency of Illumina 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 move over $ 120.52 or more in 90 days |
| 115.58 | 90 days | 120.52 | about 83.84 |
Based on a normal probability distribution, the odds of Illumina to move over $ 120.52 or more in 90 days from now is about 83.84 (This Illumina probability density function shows the probability of Illumina Stock to fall within a particular range of prices over 90 days) . Probability of Illumina price to stay between its current price of $ 115.58 and $ 120.52 at the end of the 90-day period is about 9.91 .
Given the investment horizon of 90 days the stock has the beta coefficient of 2.02 . This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Illumina will likely underperform. Additionally Illumina has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Illumina Price Density |
| Price |
Predictive Modules for Illumina
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Illumina. 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 Illumina's 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.
Illumina Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Illumina is not an exception. The market had few large corrections towards the Illumina'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 Illumina, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Illumina within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.4 | |
β | Beta against NYSE Composite | 2.02 | |
σ | Overall volatility | 9.04 | |
Ir | Information ratio | -0.14 |
Illumina 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 Illumina for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Illumina can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Illumina generated a negative expected return over the last 90 days | |
| The company currently holds 2.26 B in liabilities with Debt to Equity (D/E) ratio of 0.38, which is about average as compared to similar companies. Illumina has a current ratio of 0.91, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Illumina until it has trouble settling it off, either with new capital or with free cash flow. So, Illumina's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Illumina sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Illumina to invest in growth at high rates of return. When we think about Illumina's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 4.5 B. Net Loss for the year was (1.16 B) with profit before overhead, payroll, taxes, and interest of 3.15 B. | |
| Over 98.0% of Illumina shares are owned by institutional investors | |
| Latest headline from zacks.com: Top Research Reports for Union Pacific, Freeport-McMoRan Block |
Illumina 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 Illumina Stock often depends not only on the future outlook of the current and potential Illumina'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. Illumina's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 158 M | |
| Cash And Short Term Investments | 1.1 B |
Illumina Technical Analysis
Illumina's future price can be derived by breaking down and analyzing its technical indicators over time. Illumina Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Illumina. In general, you should focus on analyzing Illumina Stock price patterns and their correlations with different microeconomic environments and drivers.
Illumina Predictive Forecast Models
Illumina's time-series forecasting models is one of many Illumina'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 Illumina'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 Illumina
Checking the ongoing alerts about Illumina for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Illumina help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Illumina generated a negative expected return over the last 90 days | |
| The company currently holds 2.26 B in liabilities with Debt to Equity (D/E) ratio of 0.38, which is about average as compared to similar companies. Illumina has a current ratio of 0.91, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Illumina until it has trouble settling it off, either with new capital or with free cash flow. So, Illumina's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Illumina sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Illumina to invest in growth at high rates of return. When we think about Illumina's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 4.5 B. Net Loss for the year was (1.16 B) with profit before overhead, payroll, taxes, and interest of 3.15 B. | |
| Over 98.0% of Illumina shares are owned by institutional investors | |
| Latest headline from zacks.com: Top Research Reports for Union Pacific, Freeport-McMoRan Block |
Check out Illumina Backtesting, Illumina Valuation, Illumina Correlation, Illumina Hype Analysis, Illumina Volatility, Illumina History as well as Illumina Performance. To learn how to invest in Illumina Stock, please use our How to Invest in Illumina guide.You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Complementary Tools for Illumina Stock analysis
When running Illumina's price analysis, check to measure Illumina's 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 Illumina is operating at the current time. Most of Illumina's value examination focuses on studying past and present price action to predict the probability of Illumina's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Illumina's price. Additionally, you may evaluate how the addition of Illumina to your portfolios can decrease your overall portfolio volatility.
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Bonds Directory Find actively traded corporate debentures issued by US companies |
Is Illumina's industry 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 Illumina. If investors know Illumina 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 Illumina 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 (0.96) | Earnings Share (8.15) | Revenue Per Share 28.392 | Quarterly Revenue Growth (0.01) | Return On Assets (0.01) |
The market value of Illumina is measured differently than its book value, which is the value of Illumina that is recorded on the company's balance sheet. Investors also form their own opinion of Illumina's value that differs from its market value or its book value, called intrinsic value, which is Illumina'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 Illumina's market value can be influenced by many factors that don't directly affect Illumina'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 Illumina's value and its price as these two are different measures arrived at by different means. Investors typically determine if Illumina is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Illumina'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.