Cognizant Technology Solutions Stock Probability of Future Stock Price Finishing Under 81.8
| CTSH Stock | USD 67.52 0.25 0.37% |
Cognizant |
Cognizant Technology Target Price Odds to finish below 81.8
The tendency of Cognizant 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 stay under $ 81.80 after 90 days |
| 67.52 | 90 days | 81.80 | about 97.0 |
Based on a normal probability distribution, the odds of Cognizant Technology to stay under $ 81.80 after 90 days from now is about 97.0 (This Cognizant Technology Solutions probability density function shows the probability of Cognizant Stock to fall within a particular range of prices over 90 days) . Probability of Cognizant Technology price to stay between its current price of $ 67.52 and $ 81.80 at the end of the 90-day period is more than 94.0 .
Given the investment horizon of 90 days Cognizant Technology has a beta of 0.92 suggesting Cognizant Technology Solutions market returns are responsive to returns on the market. As the market goes up or down, Cognizant Technology is expected to follow. Additionally Cognizant Technology Solutions has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Cognizant Technology Price Density |
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Predictive Modules for Cognizant 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 Cognizant 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 Cognizant 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.
Cognizant Technology Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Cognizant Technology is not an exception. The market had few large corrections towards the Cognizant 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 Cognizant Technology Solutions, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Cognizant Technology within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.29 | |
β | Beta against NYSE Composite | 0.92 | |
σ | Overall volatility | 3.80 | |
Ir | Information ratio | -0.28 |
Cognizant 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 Cognizant Technology for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Cognizant 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.| Cognizant Technology generated a negative expected return over the last 90 days | |
| Over 98.0% of the company shares are held by institutions such as insurance companies | |
| On 28th of February 2024 Cognizant Technology paid $ 0.3 per share dividend to its current shareholders |
Cognizant 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 Cognizant Stock often depends not only on the future outlook of the current and potential Cognizant 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. Cognizant Technology's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 505 M | |
| Cash And Short Term Investments | 2.6 B |
Cognizant Technology Technical Analysis
Cognizant Technology's future price can be derived by breaking down and analyzing its technical indicators over time. Cognizant Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Cognizant Technology Solutions. In general, you should focus on analyzing Cognizant Stock price patterns and their correlations with different microeconomic environments and drivers.
Cognizant Technology Predictive Forecast Models
Cognizant Technology's time-series forecasting models is one of many Cognizant 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 Cognizant 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 Cognizant Technology
Checking the ongoing alerts about Cognizant Technology for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Cognizant Technology help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Cognizant Technology generated a negative expected return over the last 90 days | |
| Over 98.0% of the company shares are held by institutions such as insurance companies | |
| On 28th of February 2024 Cognizant Technology paid $ 0.3 per share dividend to its current shareholders |
Check out Cognizant Technology Backtesting, Cognizant Technology Valuation, Cognizant Technology Correlation, Cognizant Technology Hype Analysis, Cognizant Technology Volatility, Cognizant Technology History as well as Cognizant Technology Performance. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Complementary Tools for Cognizant Stock analysis
When running Cognizant Technology's price analysis, check to measure Cognizant 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 Cognizant Technology is operating at the current time. Most of Cognizant Technology's value examination focuses on studying past and present price action to predict the probability of Cognizant 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 Cognizant Technology's price. Additionally, you may evaluate how the addition of Cognizant Technology to your portfolios can decrease your overall portfolio volatility.
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Is Cognizant 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 Cognizant Technology. If investors know Cognizant 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 Cognizant 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 Cognizant Technology is measured differently than its book value, which is the value of Cognizant that is recorded on the company's balance sheet. Investors also form their own opinion of Cognizant Technology's value that differs from its market value or its book value, called intrinsic value, which is Cognizant 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 Cognizant Technology's market value can be influenced by many factors that don't directly affect Cognizant 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 Cognizant Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cognizant Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cognizant 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.