L3harris Technologies Stock Probability of Future Stock Price Finishing Under 222.73
| LHX Stock | USD 202.08 0.68 0.34% |
Closest to current price L3Harris long CALL Option Payoff at Expiration
L3Harris |
L3Harris Technologies Target Price Odds to finish below 222.73
The tendency of L3Harris 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 $ 222.73 after 90 days |
| 202.08 | 90 days | 222.73 | close to 99 |
Based on a normal probability distribution, the odds of L3Harris Technologies to stay under $ 222.73 after 90 days from now is close to 99 (This L3Harris Technologies probability density function shows the probability of L3Harris Stock to fall within a particular range of prices over 90 days) . Probability of L3Harris Technologies price to stay between its current price of $ 202.08 and $ 222.73 at the end of the 90-day period is over 95.81 .
Considering the 90-day investment horizon L3Harris Technologies has a beta of 0.47. This indicates as returns on the market go up, L3Harris Technologies average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding L3Harris Technologies will be expected to be much smaller as well. Additionally L3Harris 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. L3Harris Technologies Price Density |
| Price |
Predictive Modules for L3Harris 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 L3Harris 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 L3Harris 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.
L3Harris Technologies Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. L3Harris Technologies is not an exception. The market had few large corrections towards the L3Harris 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 L3Harris Technologies, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of L3Harris Technologies within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.05 | |
β | Beta against NYSE Composite | 0.47 | |
σ | Overall volatility | 3.91 | |
Ir | Information ratio | -0.08 |
L3Harris 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 L3Harris Technologies for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for L3Harris 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.| L3Harris Technologies generated a negative expected return over the last 90 days | |
| L3Harris Technologies has a strong financial position based on the latest SEC filings | |
| Over 86.0% of the company shares are owned by institutional investors | |
| On 22nd of March 2024 L3Harris Technologies paid $ 1.16 per share dividend to its current shareholders | |
| Latest headline from zacks.com: L3Harris Earnings Expected to Grow Should You Buy |
L3Harris 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 L3Harris Stock often depends not only on the future outlook of the current and potential L3Harris 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. L3Harris Technologies' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 193.5 M | |
| Cash And Short Term Investments | 880 M |
L3Harris Technologies Technical Analysis
L3Harris Technologies' future price can be derived by breaking down and analyzing its technical indicators over time. L3Harris Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of L3Harris Technologies. In general, you should focus on analyzing L3Harris Stock price patterns and their correlations with different microeconomic environments and drivers.
L3Harris Technologies Predictive Forecast Models
L3Harris Technologies' time-series forecasting models is one of many L3Harris 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 L3Harris 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 L3Harris Technologies
Checking the ongoing alerts about L3Harris Technologies for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for L3Harris Technologies help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| L3Harris Technologies generated a negative expected return over the last 90 days | |
| L3Harris Technologies has a strong financial position based on the latest SEC filings | |
| Over 86.0% of the company shares are owned by institutional investors | |
| On 22nd of March 2024 L3Harris Technologies paid $ 1.16 per share dividend to its current shareholders | |
| Latest headline from zacks.com: L3Harris Earnings Expected to Grow Should You Buy |
Check out L3Harris Technologies Backtesting, L3Harris Technologies Valuation, L3Harris Technologies Correlation, L3Harris Technologies Hype Analysis, L3Harris Technologies Volatility, L3Harris Technologies History as well as L3Harris Technologies Performance. For more information on how to buy L3Harris Stock please use our How to Invest in L3Harris Technologies guide.Note that the L3Harris Technologies information on this page should be used as a complementary analysis to other L3Harris Technologies' 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 Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Complementary Tools for L3Harris Stock analysis
When running L3Harris Technologies' price analysis, check to measure L3Harris 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 L3Harris Technologies is operating at the current time. Most of L3Harris Technologies' value examination focuses on studying past and present price action to predict the probability of L3Harris Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move L3Harris Technologies' price. Additionally, you may evaluate how the addition of L3Harris Technologies to your portfolios can decrease your overall portfolio volatility.
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Is L3Harris 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 L3Harris Technologies. If investors know L3Harris 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 L3Harris 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 (0.62) | Dividend Share 4.56 | Earnings Share 6.44 | Revenue Per Share 102.421 | Quarterly Revenue Growth 0.166 |
The market value of L3Harris Technologies is measured differently than its book value, which is the value of L3Harris that is recorded on the company's balance sheet. Investors also form their own opinion of L3Harris Technologies' value that differs from its market value or its book value, called intrinsic value, which is L3Harris 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 L3Harris Technologies' market value can be influenced by many factors that don't directly affect L3Harris 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 L3Harris Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if L3Harris Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, L3Harris 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.