Nacco Industries Stock Probability of Future Stock Price Finishing Under 41.2

NC Stock  USD 30.20  0.30  1.00%   
NACCO Industries' future price is the expected price of NACCO Industries 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 NACCO Industries performance during a given time horizon utilizing its historical volatility. Check out NACCO Industries Backtesting, NACCO Industries Valuation, NACCO Industries Correlation, NACCO Industries Hype Analysis, NACCO Industries Volatility, NACCO Industries History as well as NACCO Industries Performance.
For information on how to trade NACCO Stock refer to our How to Trade NACCO Stock guide.
  
At present, NACCO Industries' Price Book Value Ratio is projected to increase slightly based on the last few years of reporting. The current year's Price To Operating Cash Flows Ratio is expected to grow to 5.26, whereas Price Earnings Ratio is projected to grow to (6.55). Please specify NACCO Industries' target price for which you would like NACCO Industries odds to be computed.

NACCO Industries Target Price Odds to finish below 41.2

The tendency of NACCO 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 stay under $ 41.20  after 90 days
 30.20 90 days 41.20 
close to 99
Based on a normal probability distribution, the odds of NACCO Industries to stay under $ 41.20  after 90 days from now is close to 99 (This NACCO Industries probability density function shows the probability of NACCO Stock to fall within a particular range of prices over 90 days) . Probability of NACCO Industries price to stay between its current price of $ 30.20  and $ 41.20  at the end of the 90-day period is about 89.82 .
Allowing for the 90-day total investment horizon NACCO Industries has a beta of 0.7. This indicates as returns on the market go up, NACCO Industries average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding NACCO Industries will be expected to be much smaller as well. Additionally NACCO Industries has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
   NACCO Industries Price Density   
       Price  

Predictive Modules for NACCO Industries

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as NACCO Industries. 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 NACCO Industries' 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
27.4729.3031.13
Details
Intrinsic
Valuation
LowRealHigh
26.9154.7456.57
Details
0 Analysts
Consensus
LowTargetHigh
116.48128.00142.08
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as NACCO Industries. Your research has to be compared to or analyzed against NACCO Industries' peers to derive any actionable benefits. When done correctly, NACCO Industries' 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 NACCO Industries.

NACCO Industries Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. NACCO Industries is not an exception. The market had few large corrections towards the NACCO Industries' 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 NACCO Industries, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of NACCO Industries within the framework of very fundamental risk indicators.
α
Alpha over NYSE Composite
-0.4
β
Beta against NYSE Composite0.70
σ
Overall volatility
2.93
Ir
Information ratio -0.24

NACCO Industries 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 NACCO Industries for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for NACCO Industries can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
NACCO Industries generated a negative expected return over the last 90 days
The company generated the yearly revenue of 214.79 M. Annual Net Loss to common stockholders was (39.59 M) with gross profit of 67.84 M.
About 32.0% of the company outstanding shares are owned by corporate insiders
On 15th of March 2024 NACCO Industries paid $ 0.2175 per share dividend to its current shareholders
Latest headline from finance.yahoo.com: These 3 Students Have Made HBCU History After Winning Astronaut Scholarships To Pursue STEM Careers

NACCO Industries 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 NACCO Stock often depends not only on the future outlook of the current and potential NACCO Industries' 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. NACCO Industries' indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding7.5 M
Cash And Short Term Investments85.1 M

NACCO Industries Technical Analysis

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

NACCO Industries Predictive Forecast Models

NACCO Industries' time-series forecasting models is one of many NACCO Industries' 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 NACCO Industries' 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 NACCO Industries

Checking the ongoing alerts about NACCO Industries for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for NACCO Industries help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
NACCO Industries generated a negative expected return over the last 90 days
The company generated the yearly revenue of 214.79 M. Annual Net Loss to common stockholders was (39.59 M) with gross profit of 67.84 M.
About 32.0% of the company outstanding shares are owned by corporate insiders
On 15th of March 2024 NACCO Industries paid $ 0.2175 per share dividend to its current shareholders
Latest headline from finance.yahoo.com: These 3 Students Have Made HBCU History After Winning Astronaut Scholarships To Pursue STEM Careers
When determining whether NACCO Industries offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of NACCO Industries' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Nacco Industries Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Nacco Industries Stock:
Check out NACCO Industries Backtesting, NACCO Industries Valuation, NACCO Industries Correlation, NACCO Industries Hype Analysis, NACCO Industries Volatility, NACCO Industries History as well as NACCO Industries Performance.
For information on how to trade NACCO Stock refer to our How to Trade NACCO Stock guide.
Note that the NACCO Industries information on this page should be used as a complementary analysis to other NACCO Industries' 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 Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.

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When running NACCO Industries' price analysis, check to measure NACCO Industries' 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 NACCO Industries is operating at the current time. Most of NACCO Industries' value examination focuses on studying past and present price action to predict the probability of NACCO Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NACCO Industries' price. Additionally, you may evaluate how the addition of NACCO Industries to your portfolios can decrease your overall portfolio volatility.
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Is NACCO Industries' 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 NACCO Industries. If investors know NACCO 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 NACCO Industries 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
(0.93)
Dividend Share
0.86
Earnings Share
(5.29)
Revenue Per Share
28.723
Quarterly Revenue Growth
(0.11)
The market value of NACCO Industries is measured differently than its book value, which is the value of NACCO that is recorded on the company's balance sheet. Investors also form their own opinion of NACCO Industries' value that differs from its market value or its book value, called intrinsic value, which is NACCO Industries' 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 NACCO Industries' market value can be influenced by many factors that don't directly affect NACCO Industries' 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 NACCO Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if NACCO Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NACCO Industries' 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.