Coherent Stock Odds of Future Stock Price Finishing Over 49.74
| COHR Stock | USD 54.63 1.21 2.17% |
Closest to current price Coherent long CALL Option Payoff at Expiration
Coherent |
Coherent Target Price Odds to finish over 49.74
The tendency of Coherent 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 above $ 49.74 in 90 days |
| 54.63 | 90 days | 49.74 | under 95 |
Based on a normal probability distribution, the odds of Coherent to stay above $ 49.74 in 90 days from now is under 95 (This Coherent probability density function shows the probability of Coherent Stock to fall within a particular range of prices over 90 days) . Probability of Coherent price to stay between $ 49.74 and its current price of $54.63 at the end of the 90-day period is about 21.71 .
Given the investment horizon of 90 days the stock has the beta coefficient of 2.71 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Coherent will likely underperform. Additionally Coherent has an alpha of 0.1296, implying that it can generate a 0.13 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Coherent Price Density |
| Price |
Predictive Modules for Coherent
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Coherent. 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 Coherent'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.
Coherent Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Coherent is not an exception. The market had few large corrections towards the Coherent'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 Coherent, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Coherent within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.13 | |
β | Beta against NYSE Composite | 2.71 | |
σ | Overall volatility | 4.94 | |
Ir | Information ratio | 0.06 |
Coherent 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 Coherent for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Coherent can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Coherent had very high historical volatility over the last 90 days | |
| The company reported the previous year's revenue of 5.16 B. Net Loss for the year was (259.46 M) with profit before overhead, payroll, taxes, and interest of 1.78 B. | |
| Over 90.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from finance.yahoo.com: Solid State Cooling Market Size in Asia Pacific to hold the highest market share during the forecast period |
Coherent 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 Coherent Stock often depends not only on the future outlook of the current and potential Coherent'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. Coherent's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 137.6 M | |
| Cash And Short Term Investments | 833.3 M |
Coherent Technical Analysis
Coherent's future price can be derived by breaking down and analyzing its technical indicators over time. Coherent Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Coherent. In general, you should focus on analyzing Coherent Stock price patterns and their correlations with different microeconomic environments and drivers.
Coherent Predictive Forecast Models
Coherent's time-series forecasting models is one of many Coherent'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 Coherent'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 Coherent
Checking the ongoing alerts about Coherent for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Coherent help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Coherent had very high historical volatility over the last 90 days | |
| The company reported the previous year's revenue of 5.16 B. Net Loss for the year was (259.46 M) with profit before overhead, payroll, taxes, and interest of 1.78 B. | |
| Over 90.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from finance.yahoo.com: Solid State Cooling Market Size in Asia Pacific to hold the highest market share during the forecast period |
Check out Coherent Backtesting, Coherent Valuation, Coherent Correlation, Coherent Hype Analysis, Coherent Volatility, Coherent History as well as Coherent Performance. To learn how to invest in Coherent Stock, please use our How to Invest in Coherent guide.Note that the Coherent information on this page should be used as a complementary analysis to other Coherent'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 Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Complementary Tools for Coherent Stock analysis
When running Coherent's price analysis, check to measure Coherent'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 Coherent is operating at the current time. Most of Coherent's value examination focuses on studying past and present price action to predict the probability of Coherent's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Coherent's price. Additionally, you may evaluate how the addition of Coherent to your portfolios can decrease your overall portfolio volatility.
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas |
Is Coherent'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 Coherent. If investors know Coherent 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 Coherent 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 (0.61) | Earnings Share (2.82) | Revenue Per Share 31.913 | Quarterly Revenue Growth (0.17) | Return On Assets 0.0153 |
The market value of Coherent is measured differently than its book value, which is the value of Coherent that is recorded on the company's balance sheet. Investors also form their own opinion of Coherent's value that differs from its market value or its book value, called intrinsic value, which is Coherent'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 Coherent's market value can be influenced by many factors that don't directly affect Coherent'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 Coherent's value and its price as these two are different measures arrived at by different means. Investors typically determine if Coherent is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Coherent'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.