Array Technologiesinc Stock Probability of Future Stock Price Finishing Over 11.27
| ARRY Stock | USD 11.27 0.30 2.73% |
Closest to current price Array long CALL Option Payoff at Expiration
Array |
Array TechnologiesInc Target Price Odds to finish over 11.27
The tendency of Array 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 above the current price in 90 days |
| 11.27 | 90 days | 11.27 | about 99.0 |
Based on a normal probability distribution, the odds of Array TechnologiesInc to move above the current price in 90 days from now is about 99.0 (This Array TechnologiesInc probability density function shows the probability of Array Stock to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days the stock has the beta coefficient of 3.3 . This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Array TechnologiesInc will likely underperform. Additionally Array TechnologiesInc has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Array TechnologiesInc Price Density |
| Price |
Predictive Modules for Array TechnologiesInc
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Array TechnologiesInc. 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 Array TechnologiesInc'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.
Array TechnologiesInc Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Array TechnologiesInc is not an exception. The market had few large corrections towards the Array TechnologiesInc'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 Array TechnologiesInc, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Array TechnologiesInc within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.44 | |
β | Beta against NYSE Composite | 3.30 | |
σ | Overall volatility | 1.00 | |
Ir | Information ratio | -0.08 |
Array TechnologiesInc 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 Array TechnologiesInc for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Array TechnologiesInc can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Array TechnologiesInc generated a negative expected return over the last 90 days | |
| Array TechnologiesInc has high historical volatility and very poor performance | |
| Over 99.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from globenewswire.com: Array Technologies, Inc. Announces First Quarter 2024 Earnings Release Date and Conference Call |
Array TechnologiesInc 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 Array Stock often depends not only on the future outlook of the current and potential Array TechnologiesInc'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. Array TechnologiesInc's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 152 M | |
| Cash And Short Term Investments | 249.1 M |
Array TechnologiesInc Technical Analysis
Array TechnologiesInc's future price can be derived by breaking down and analyzing its technical indicators over time. Array Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Array TechnologiesInc. In general, you should focus on analyzing Array Stock price patterns and their correlations with different microeconomic environments and drivers.
Array TechnologiesInc Predictive Forecast Models
Array TechnologiesInc's time-series forecasting models is one of many Array TechnologiesInc'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 Array TechnologiesInc'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 Array TechnologiesInc
Checking the ongoing alerts about Array TechnologiesInc for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Array TechnologiesInc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Array TechnologiesInc generated a negative expected return over the last 90 days | |
| Array TechnologiesInc has high historical volatility and very poor performance | |
| Over 99.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from globenewswire.com: Array Technologies, Inc. Announces First Quarter 2024 Earnings Release Date and Conference Call |
Check out Array TechnologiesInc Backtesting, Array TechnologiesInc Valuation, Array TechnologiesInc Correlation, Array TechnologiesInc Hype Analysis, Array TechnologiesInc Volatility, Array TechnologiesInc History as well as Array TechnologiesInc Performance. For more information on how to buy Array Stock please use our How to Invest in Array TechnologiesInc guide.You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Complementary Tools for Array Stock analysis
When running Array TechnologiesInc's price analysis, check to measure Array TechnologiesInc'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 Array TechnologiesInc is operating at the current time. Most of Array TechnologiesInc's value examination focuses on studying past and present price action to predict the probability of Array TechnologiesInc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Array TechnologiesInc's price. Additionally, you may evaluate how the addition of Array TechnologiesInc to your portfolios can decrease your overall portfolio volatility.
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets |
Is Array TechnologiesInc'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 Array TechnologiesInc. If investors know Array 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 Array TechnologiesInc 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 (0.65) | Earnings Share 0.56 | Revenue Per Share 10.445 | Quarterly Revenue Growth (0.15) | Return On Assets 0.0795 |
The market value of Array TechnologiesInc is measured differently than its book value, which is the value of Array that is recorded on the company's balance sheet. Investors also form their own opinion of Array TechnologiesInc's value that differs from its market value or its book value, called intrinsic value, which is Array TechnologiesInc'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 Array TechnologiesInc's market value can be influenced by many factors that don't directly affect Array TechnologiesInc'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 Array TechnologiesInc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Array TechnologiesInc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Array TechnologiesInc'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.