Carpenter Technology Stock Probability of Future Stock Price Finishing Under 39.15
| CRS Stock | USD 77.76 0.24 0.31% |
Carpenter |
Carpenter Technology Target Price Odds to finish below 39.15
The tendency of Carpenter 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 $ 39.15 or more in 90 days |
| 77.76 | 90 days | 39.15 | near 1 |
Based on a normal probability distribution, the odds of Carpenter Technology to drop to $ 39.15 or more in 90 days from now is near 1 (This Carpenter Technology probability density function shows the probability of Carpenter Stock to fall within a particular range of prices over 90 days) . Probability of Carpenter Technology price to stay between $ 39.15 and its current price of $77.76 at the end of the 90-day period is roughly 96.0 .
Considering the 90-day investment horizon Carpenter Technology has a beta of -0.94 suggesting Additionally Carpenter Technology has an alpha of 0.3106, implying that it can generate a 0.31 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Carpenter Technology Price Density |
| Price |
Predictive Modules for Carpenter Technology
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 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 Carpenter Technology'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.
Carpenter Technology Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Carpenter Technology is not an exception. The market had few large corrections towards the Carpenter Technology'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, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Carpenter Technology within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.31 | |
β | Beta against NYSE Composite | -0.94 | |
σ | Overall volatility | 5.51 | |
Ir | Information ratio | 0.1 |
Carpenter Technology 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 Technology 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.| Over 94.0% of the company shares are held by institutions such as insurance companies | |
| On 7th of March 2024 Carpenter Technology paid $ 0.2 per share dividend to its current shareholders |
Carpenter Technology 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 Carpenter Stock often depends not only on the future outlook of the current and potential Carpenter Technology'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. Carpenter Technology's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 49.2 M | |
| Cash And Short Term Investments | 44.5 M |
Carpenter Technology Technical Analysis
Carpenter Technology's future price can be derived by breaking down and analyzing its technical indicators over time. Carpenter Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Carpenter Technology. In general, you should focus on analyzing Carpenter Stock price patterns and their correlations with different microeconomic environments and drivers.
Carpenter Technology Predictive Forecast Models
Carpenter Technology's time-series forecasting models is one of many Carpenter Technology'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 Carpenter Technology'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 Carpenter Technology
Checking the ongoing alerts about Carpenter Technology 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.
| Over 94.0% of the company shares are held by institutions such as insurance companies | |
| On 7th of March 2024 Carpenter Technology paid $ 0.2 per share dividend to its current shareholders |
Check out Carpenter Technology Backtesting, Carpenter Technology Valuation, Carpenter Technology Correlation, Carpenter Technology Hype Analysis, Carpenter Technology Volatility, Carpenter Technology History as well as Carpenter Technology Performance. For more information on how to buy Carpenter Stock please use our How to Invest in Carpenter Technology guide.You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Complementary Tools for Carpenter Stock analysis
When running Carpenter Technology's price analysis, check to measure Carpenter Technology'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 Carpenter Technology is operating at the current time. Most of Carpenter Technology's value examination focuses on studying past and present price action to predict the probability of Carpenter Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Carpenter Technology's price. Additionally, you may evaluate how the addition of Carpenter Technology to your portfolios can decrease your overall portfolio volatility.
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Is Carpenter Technology'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 Carpenter Technology. If investors know Carpenter 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 Carpenter Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Carpenter Technology is measured differently than its book value, which is the value of Carpenter that is recorded on the company's balance sheet. Investors also form their own opinion of Carpenter Technology's value that differs from its market value or its book value, called intrinsic value, which is Carpenter Technology'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 Carpenter Technology's market value can be influenced by many factors that don't directly affect Carpenter Technology'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 Carpenter Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Carpenter Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Carpenter Technology'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.