Medtronic Plc Stock Probability of Future Stock Price Finishing Under 73.48

MDT Stock  USD 86.92  3.22  3.85%   
Medtronic PLC's implied volatility is one of the determining factors in the pricing options written on Medtronic PLC. Implied volatility approximates the future value of Medtronic PLC based on the option's current value. Options with high implied volatility have higher premiums and can be used to hedge the downside of investing in Medtronic PLC over a specific time period. For example, 2024-03-28 CALL at $87.0 is a CALL option contract on Medtronic PLC's common stock with a strick price of 87.0 expiring on 2024-03-28. The contract was last traded on 2024-03-27 at 15:59:08 for $0.28 and, as of today, has 0 days remaining before the expiration. The option is currently trading at a bid price of $0.21, and an ask price of $0.28. The implied volatility as of the 28th of March is 17.53. View All Medtronic options

Closest to current price Medtronic long CALL Option Payoff at Expiration

Medtronic PLC's future price is the expected price of Medtronic PLC instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Medtronic PLC performance during a given time horizon utilizing its historical volatility. Check out Medtronic PLC Backtesting, Medtronic PLC Valuation, Medtronic PLC Correlation, Medtronic PLC Hype Analysis, Medtronic PLC Volatility, Medtronic PLC History as well as Medtronic PLC Performance.
For more information on how to buy Medtronic Stock please use our How to Invest in Medtronic PLC guide.
  
At this time, Medtronic PLC's Price Earnings Ratio is comparatively stable compared to the past year. Price Book Value Ratio is likely to gain to 5.53 in 2024, whereas Price To Operating Cash Flows Ratio is likely to drop 26.94 in 2024. Please specify Medtronic PLC's target price for which you would like Medtronic PLC odds to be computed.

Medtronic PLC Target Price Odds to finish below 73.48

The tendency of Medtronic 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 PriceHorizonTarget PriceOdds to drop to $ 73.48  or more in 90 days
 86.92 90 days 73.48 
near 1
Based on a normal probability distribution, the odds of Medtronic PLC to drop to $ 73.48  or more in 90 days from now is near 1 (This Medtronic PLC probability density function shows the probability of Medtronic Stock to fall within a particular range of prices over 90 days) . Probability of Medtronic PLC price to stay between $ 73.48  and its current price of $86.92 at the end of the 90-day period is under 95 .
Considering the 90-day investment horizon Medtronic PLC has a beta of -0.0668. This indicates as returns on benchmark increase, returns on holding Medtronic PLC are expected to decrease at a much lower rate. During the bear market, however, Medtronic PLC is likely to outperform the market. Additionally Medtronic PLC has an alpha of 0.0715, implying that it can generate a 0.0715 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
   Medtronic PLC Price Density   
       Price  

Predictive Modules for Medtronic PLC

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Medtronic PLC. 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 Medtronic PLC'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.
Hype
Prediction
LowEstimatedHigh
85.8886.8987.90
Details
Intrinsic
Valuation
LowRealHigh
84.0785.0895.61
Details
Naive
Forecast
LowNextHigh
85.3986.4087.40
Details
33 Analysts
Consensus
LowTargetHigh
82.3090.44100.39
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Medtronic PLC. Your research has to be compared to or analyzed against Medtronic PLC's peers to derive any actionable benefits. When done correctly, Medtronic PLC's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Medtronic PLC.

Medtronic PLC Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Medtronic PLC is not an exception. The market had few large corrections towards the Medtronic PLC'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 Medtronic PLC, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Medtronic PLC within the framework of very fundamental risk indicators.
α
Alpha over NYSE Composite
0.07
β
Beta against NYSE Composite-0.07
σ
Overall volatility
1.67
Ir
Information ratio -0.07

Medtronic PLC 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 Medtronic PLC for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Medtronic PLC 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 85.0% of the company shares are owned by institutional investors
Latest headline from massdevice.com: Shockwave Medical is reportedly a JJ acquisition target

Medtronic PLC 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 Medtronic Stock often depends not only on the future outlook of the current and potential Medtronic PLC'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. Medtronic PLC's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding1.3 B
Cash And Short Term InvestmentsB

Medtronic PLC Technical Analysis

Medtronic PLC's future price can be derived by breaking down and analyzing its technical indicators over time. Medtronic Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Medtronic PLC. In general, you should focus on analyzing Medtronic Stock price patterns and their correlations with different microeconomic environments and drivers.

Medtronic PLC Predictive Forecast Models

Medtronic PLC's time-series forecasting models is one of many Medtronic PLC'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 Medtronic PLC'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 Medtronic PLC

Checking the ongoing alerts about Medtronic PLC for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Medtronic PLC help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Over 85.0% of the company shares are owned by institutional investors
Latest headline from massdevice.com: Shockwave Medical is reportedly a JJ acquisition target
When determining whether Medtronic PLC is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Medtronic Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Medtronic Plc Stock. Highlighted below are key reports to facilitate an investment decision about Medtronic Plc Stock:
Check out Medtronic PLC Backtesting, Medtronic PLC Valuation, Medtronic PLC Correlation, Medtronic PLC Hype Analysis, Medtronic PLC Volatility, Medtronic PLC History as well as Medtronic PLC Performance.
For more information on how to buy Medtronic Stock please use our How to Invest in Medtronic PLC guide.
Note that the Medtronic PLC information on this page should be used as a complementary analysis to other Medtronic PLC's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

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When running Medtronic PLC's price analysis, check to measure Medtronic PLC'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 Medtronic PLC is operating at the current time. Most of Medtronic PLC's value examination focuses on studying past and present price action to predict the probability of Medtronic PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Medtronic PLC's price. Additionally, you may evaluate how the addition of Medtronic PLC to your portfolios can decrease your overall portfolio volatility.
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Is Medtronic PLC'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 Medtronic PLC. If investors know Medtronic 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 Medtronic PLC 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
0.078
Dividend Share
2.75
Earnings Share
3.15
Revenue Per Share
24.298
Quarterly Revenue Growth
0.047
The market value of Medtronic PLC is measured differently than its book value, which is the value of Medtronic that is recorded on the company's balance sheet. Investors also form their own opinion of Medtronic PLC's value that differs from its market value or its book value, called intrinsic value, which is Medtronic PLC'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 Medtronic PLC's market value can be influenced by many factors that don't directly affect Medtronic PLC'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 Medtronic PLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if Medtronic PLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Medtronic PLC'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.