Atkore International Group Stock Probability of Future Stock Price Finishing Over 175.86
| ATKR Stock | USD 175.86 4.29 2.50% |
Closest to current price Atkore long CALL Option Payoff at Expiration
Atkore |
Atkore International Target Price Odds to finish over 175.86
The tendency of Atkore 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 |
| 175.86 | 90 days | 175.86 | about 21.04 |
Based on a normal probability distribution, the odds of Atkore International to move above the current price in 90 days from now is about 21.04 (This Atkore International Group probability density function shows the probability of Atkore 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 1.84 . 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, Atkore International will likely underperform. Additionally Atkore International Group has an alpha of 0.1326, implying that it can generate a 0.13 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Atkore International Price Density |
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Predictive Modules for Atkore International
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Atkore International. 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 Atkore International'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.
Atkore International Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Atkore International is not an exception. The market had few large corrections towards the Atkore International'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 Atkore International Group, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Atkore International within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.13 | |
β | Beta against NYSE Composite | 1.84 | |
σ | Overall volatility | 15.18 | |
Ir | Information ratio | 0.08 |
Atkore International 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 Atkore International for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Atkore International 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 99.0% of the company shares are held by institutions such as insurance companies | |
| On 15th of March 2024 Atkore International paid $ 0.32 per share dividend to its current shareholders | |
| Latest headline from businesswire.com: Atkore Inc. Announces Second Quarter Fiscal Year 2024 Earnings Release Date and Conference Call |
Atkore International 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 Atkore Stock often depends not only on the future outlook of the current and potential Atkore International'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. Atkore International's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 39.3 M | |
| Cash And Short Term Investments | 388.1 M |
Atkore International Technical Analysis
Atkore International's future price can be derived by breaking down and analyzing its technical indicators over time. Atkore Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Atkore International Group. In general, you should focus on analyzing Atkore Stock price patterns and their correlations with different microeconomic environments and drivers.
Atkore International Predictive Forecast Models
Atkore International's time-series forecasting models is one of many Atkore International'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 Atkore International'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 Atkore International
Checking the ongoing alerts about Atkore International for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Atkore International help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Over 99.0% of the company shares are held by institutions such as insurance companies | |
| On 15th of March 2024 Atkore International paid $ 0.32 per share dividend to its current shareholders | |
| Latest headline from businesswire.com: Atkore Inc. Announces Second Quarter Fiscal Year 2024 Earnings Release Date and Conference Call |
Check out Atkore International Backtesting, Atkore International Valuation, Atkore International Correlation, Atkore International Hype Analysis, Atkore International Volatility, Atkore International History as well as Atkore International Performance. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Complementary Tools for Atkore Stock analysis
When running Atkore International's price analysis, check to measure Atkore International'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 Atkore International is operating at the current time. Most of Atkore International's value examination focuses on studying past and present price action to predict the probability of Atkore International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Atkore International's price. Additionally, you may evaluate how the addition of Atkore International to your portfolios can decrease your overall portfolio volatility.
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Is Atkore International'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 Atkore International. If investors know Atkore 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 Atkore International 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 (0.14) | Earnings Share 16.68 | Revenue Per Share 91.461 | Quarterly Revenue Growth (0.04) | Return On Assets 0.1902 |
The market value of Atkore International is measured differently than its book value, which is the value of Atkore that is recorded on the company's balance sheet. Investors also form their own opinion of Atkore International's value that differs from its market value or its book value, called intrinsic value, which is Atkore International'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 Atkore International's market value can be influenced by many factors that don't directly affect Atkore International'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 Atkore International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Atkore International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Atkore International'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.