Laboratory Of Stock Probability of Future Stock Price Finishing Under 297.89
| LH Stock | USD 199.45 0.52 0.26% |
Closest to current price Laboratory long CALL Option Payoff at Expiration
Laboratory |
Laboratory Target Price Odds to finish below 297.89
The tendency of Laboratory 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 under $ 297.89 after 90 days |
| 199.45 | 90 days | 297.89 | close to 99 |
Based on a normal probability distribution, the odds of Laboratory to stay under $ 297.89 after 90 days from now is close to 99 (This Laboratory of probability density function shows the probability of Laboratory Stock to fall within a particular range of prices over 90 days) . Probability of Laboratory price to stay between its current price of $ 199.45 and $ 297.89 at the end of the 90-day period is close to 99 .
Allowing for the 90-day total investment horizon Laboratory has a beta of 0.9. This indicates Laboratory of market returns are responsive to returns on the market. As the market goes up or down, Laboratory is expected to follow. Additionally Laboratory of has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Laboratory Price Density |
| Price |
Predictive Modules for Laboratory
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Laboratory. 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 Laboratory'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.
Laboratory Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Laboratory is not an exception. The market had few large corrections towards the Laboratory'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 Laboratory of, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Laboratory within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.21 | |
β | Beta against NYSE Composite | 0.90 | |
σ | Overall volatility | 6.83 | |
Ir | Information ratio | -0.2 |
Laboratory 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 Laboratory for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Laboratory can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Laboratory generated a negative expected return over the last 90 days | |
| Laboratory has a strong financial position based on the latest SEC filings | |
| Over 98.0% of the company shares are owned by institutional investors | |
| On 13th of March 2024 Laboratory paid $ 0.72 per share dividend to its current shareholders | |
| Latest headline from zacks.com: Why Labcorp Could Beat Earnings Estimates Again |
Laboratory 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 Laboratory Stock often depends not only on the future outlook of the current and potential Laboratory'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. Laboratory's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 87.6 M | |
| Cash And Short Term Investments | 536.8 M |
Laboratory Technical Analysis
Laboratory's future price can be derived by breaking down and analyzing its technical indicators over time. Laboratory Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Laboratory of. In general, you should focus on analyzing Laboratory Stock price patterns and their correlations with different microeconomic environments and drivers.
Laboratory Predictive Forecast Models
Laboratory's time-series forecasting models is one of many Laboratory'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 Laboratory'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 Laboratory
Checking the ongoing alerts about Laboratory for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Laboratory help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Laboratory generated a negative expected return over the last 90 days | |
| Laboratory has a strong financial position based on the latest SEC filings | |
| Over 98.0% of the company shares are owned by institutional investors | |
| On 13th of March 2024 Laboratory paid $ 0.72 per share dividend to its current shareholders | |
| Latest headline from zacks.com: Why Labcorp Could Beat Earnings Estimates Again |
Check out Laboratory Backtesting, Laboratory Valuation, Laboratory Correlation, Laboratory Hype Analysis, Laboratory Volatility, Laboratory History as well as Laboratory Performance. Note that the Laboratory information on this page should be used as a complementary analysis to other Laboratory'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 Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Complementary Tools for Laboratory Stock analysis
When running Laboratory's price analysis, check to measure Laboratory'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 Laboratory is operating at the current time. Most of Laboratory's value examination focuses on studying past and present price action to predict the probability of Laboratory's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Laboratory's price. Additionally, you may evaluate how the addition of Laboratory to your portfolios can decrease your overall portfolio volatility.
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Is Laboratory'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 Laboratory. If investors know Laboratory 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 Laboratory 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 (0.46) | Dividend Share 2.88 | Earnings Share 4.34 | Revenue Per Share 139.628 | Quarterly Revenue Growth 0.035 |
The market value of Laboratory is measured differently than its book value, which is the value of Laboratory that is recorded on the company's balance sheet. Investors also form their own opinion of Laboratory's value that differs from its market value or its book value, called intrinsic value, which is Laboratory'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 Laboratory's market value can be influenced by many factors that don't directly affect Laboratory'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 Laboratory's value and its price as these two are different measures arrived at by different means. Investors typically determine if Laboratory is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Laboratory'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.