Esco Technologies Stock Probability of Future Stock Price Finishing Under 66.47
| ESE Stock | USD 107.28 1.80 1.71% |
Closest to current price ESCO long CALL Option Payoff at Expiration
ESCO |
ESCO Technologies Target Price Odds to finish below 66.47
The tendency of ESCO 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 drop to $ 66.47 or more in 90 days |
| 107.28 | 90 days | 66.47 | near 1 |
Based on a normal probability distribution, the odds of ESCO Technologies to drop to $ 66.47 or more in 90 days from now is near 1 (This ESCO Technologies probability density function shows the probability of ESCO Stock to fall within a particular range of prices over 90 days) . Probability of ESCO Technologies price to stay between $ 66.47 and its current price of $107.28 at the end of the 90-day period is about 99.0 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.71 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, ESCO Technologies will likely underperform. Additionally ESCO Technologies has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. ESCO Technologies Price Density |
| Price |
Predictive Modules for ESCO Technologies
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ESCO Technologies. 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 ESCO Technologies' 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.
ESCO Technologies Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. ESCO Technologies is not an exception. The market had few large corrections towards the ESCO Technologies' 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 ESCO Technologies, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of ESCO Technologies within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.03 | |
β | Beta against NYSE Composite | 1.71 | |
σ | Overall volatility | 2.26 | |
Ir | Information ratio | 0.01 |
ESCO Technologies 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 ESCO Technologies for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for ESCO Technologies 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 100.0% of the company shares are held by institutions such as insurance companies | |
| On 16th of April 2024 ESCO Technologies paid $ 0.08 per share dividend to its current shareholders | |
| Latest headline from zacks.com: Bear Of The DayESCO Technologies |
ESCO Technologies 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 ESCO Stock often depends not only on the future outlook of the current and potential ESCO Technologies' 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. ESCO Technologies' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 25.9 M | |
| Cash And Short Term Investments | 41.9 M |
ESCO Technologies Technical Analysis
ESCO Technologies' future price can be derived by breaking down and analyzing its technical indicators over time. ESCO Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of ESCO Technologies. In general, you should focus on analyzing ESCO Stock price patterns and their correlations with different microeconomic environments and drivers.
ESCO Technologies Predictive Forecast Models
ESCO Technologies' time-series forecasting models is one of many ESCO Technologies' 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 ESCO Technologies' 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 ESCO Technologies
Checking the ongoing alerts about ESCO Technologies for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for ESCO Technologies help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Over 100.0% of the company shares are held by institutions such as insurance companies | |
| On 16th of April 2024 ESCO Technologies paid $ 0.08 per share dividend to its current shareholders | |
| Latest headline from zacks.com: Bear Of The DayESCO Technologies |
Check out ESCO Technologies Backtesting, ESCO Technologies Valuation, ESCO Technologies Correlation, ESCO Technologies Hype Analysis, ESCO Technologies Volatility, ESCO Technologies History as well as ESCO Technologies Performance. For information on how to trade ESCO Stock refer to our How to Trade ESCO Stock guide.You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Complementary Tools for ESCO Stock analysis
When running ESCO Technologies' price analysis, check to measure ESCO Technologies' 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 ESCO Technologies is operating at the current time. Most of ESCO Technologies' value examination focuses on studying past and present price action to predict the probability of ESCO Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ESCO Technologies' price. Additionally, you may evaluate how the addition of ESCO Technologies to your portfolios can decrease your overall portfolio volatility.
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity |
Is ESCO Technologies' 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 ESCO Technologies. If investors know ESCO 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 ESCO Technologies 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 (0.10) | Dividend Share 0.32 | Earnings Share 3.6 | Revenue Per Share 37.573 | Quarterly Revenue Growth 0.088 |
The market value of ESCO Technologies is measured differently than its book value, which is the value of ESCO that is recorded on the company's balance sheet. Investors also form their own opinion of ESCO Technologies' value that differs from its market value or its book value, called intrinsic value, which is ESCO Technologies' 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 ESCO Technologies' market value can be influenced by many factors that don't directly affect ESCO Technologies' 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 ESCO Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if ESCO Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ESCO Technologies' 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.