Honest Company Stock Chance of Future Stock Price Finishing Under 0.14
| HNST Stock | USD 2.52 0.06 2.33% |
Closest to current price Honest long CALL Option Payoff at Expiration
Honest |
Honest Target Price Odds to finish below 0.14
The tendency of Honest 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 $ 0.14 or more in 90 days |
| 2.52 | 90 days | 0.14 | near 1 |
Based on a normal probability distribution, the odds of Honest to drop to $ 0.14 or more in 90 days from now is near 1 (This Honest Company probability density function shows the probability of Honest Stock to fall within a particular range of prices over 90 days) . Probability of Honest Company price to stay between $ 0.14 and its current price of $2.52 at the end of the 90-day period is about 10.47 .
Given the investment horizon of 90 days Honest Company has a beta of -0.32. This usually indicates as returns on the benchmark increase, returns on holding Honest are expected to decrease at a much lower rate. During a bear market, however, Honest Company is likely to outperform the market. Additionally Honest Company has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Honest Price Density |
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Predictive Modules for Honest
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Honest Company. 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 Honest'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.
Honest Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Honest is not an exception. The market had few large corrections towards the Honest'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 Honest Company, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Honest within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.86 | |
β | Beta against NYSE Composite | -0.32 | |
σ | Overall volatility | 0.55 | |
Ir | Information ratio | -0.31 |
Honest 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 Honest for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Honest Company can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Honest Company generated a negative expected return over the last 90 days | |
| The company reported the previous year's revenue of 344.7 M. Net Loss for the year was (39.24 M) with profit before overhead, payroll, taxes, and interest of 92.31 M. | |
| About 59.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: The Honest Company Q1 Earnings Leading The Personal Care Pack - The Globe and Mail |
Honest 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 Honest Stock often depends not only on the future outlook of the current and potential Honest'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. Honest's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 94.5 M | |
| Cash And Short Term Investments | 32.8 M |
Honest Technical Analysis
Honest's future price can be derived by breaking down and analyzing its technical indicators over time. Honest Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Honest Company. In general, you should focus on analyzing Honest Stock price patterns and their correlations with different microeconomic environments and drivers.
Honest Predictive Forecast Models
Honest's time-series forecasting models is one of many Honest'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 Honest'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 Honest Company
Checking the ongoing alerts about Honest for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Honest Company help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Honest Company generated a negative expected return over the last 90 days | |
| The company reported the previous year's revenue of 344.7 M. Net Loss for the year was (39.24 M) with profit before overhead, payroll, taxes, and interest of 92.31 M. | |
| About 59.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: The Honest Company Q1 Earnings Leading The Personal Care Pack - The Globe and Mail |
Additional Tools for Honest Stock Analysis
When running Honest's price analysis, check to measure Honest'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 Honest is operating at the current time. Most of Honest's value examination focuses on studying past and present price action to predict the probability of Honest's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Honest's price. Additionally, you may evaluate how the addition of Honest to your portfolios can decrease your overall portfolio volatility.