Office Stock Probability of Future Stock Price Finishing Over 36.19

ODP
 Stock
  

USD 36.19  0.11  0.30%   

Office Depot's future price is the expected price of Office Depot instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Office Depot performance during a given time horizon utilizing its historical volatility.
  
Office Depot's implied volatility is one of the determining factors in the pricing options written on Office Depot. Implied volatility approximates the future value of Office Depot based on the option's current value. Options with high implied volatility have higher premiums and can be used to hedge the downside of investing in Office Depot over a specific time period. For example, 2022-10-21 CALL at $36.0 is a CALL option contract on Office Depot's common stock with a strick price of 36.0 expiring on 2022-10-21. The contract was last traded on 2022-09-16 at 14:02:51 for $2.03 and, as of today, has 15 days remaining before the expiration. The option is currently trading at a bid price of $0.7, and an ask price of $2.4. The implied volatility as of the 5th of October is 49.0087. View All Office options

Closest to current price Office long CALL Option Payoff at Expiration

Please check Office Depot Backtesting, Office Depot Valuation, Office Depot Correlation, Office Depot Hype Analysis, Office Depot Volatility, Office Depot History as well as Office Depot Performance. Please specify Office Depot time horizon, a valid symbol (red box) and a target price (blue box) you would like Office Depot odds to be computed.

Office Depot Target Price Odds to finish over 36.19

The tendency of Office 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 PriceHorizonTarget PriceOdds to move above the current price in 90 days
 36.19 90 days 36.19 
about 39.65
Based on a normal probability distribution, the odds of Office Depot to move above the current price in 90 days from now is about 39.65 (This Office Depot probability density function shows the probability of Office Stock to fall within a particular range of prices over 90 days) .
Considering the 90-day investment horizon Office Depot has a beta of 0.8. This indicates as returns on the market go up, Office Depot average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Office Depot will be expected to be much smaller as well. Additionally The company has an alpha of 0.2575, implying that it can generate a 0.26 percent excess return over DOW after adjusting for the inherited market risk (beta).
   Office Depot Price Density   
       Price  

Predictive Modules for Office Depot

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Office Depot. Regardless of method or technology, however, to accurately forecast the stock or bond 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, frequently view the market will even out over time. This tendency of Office Depot'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. Please use the tools below to analyze the current value of Office Depot in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
33.9136.2638.61
Details
Intrinsic
Valuation
LowReal ValueHigh
32.5742.3444.69
Details
1 Analysts
Consensus
LowTarget PriceHigh
43.0043.0043.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Office Depot. Your research has to be compared to or analyzed against Office Depot's peers to derive any actionable benefits. When done correctly, Office Depot's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Office Depot.

Office Depot Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Office Depot is not an exception. The market had few large corrections towards the Office Depot'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 Office Depot, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Office Depot within the framework of very fundamental risk indicators.
α
Alpha over DOW
0.26
β
Beta against DOW0.80
σ
Overall volatility
2.02
Ir
Information ratio 0.11

Office Depot 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 Office Depot for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Office Depot 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 98.0% of the company shares are owned by institutional investors
Latest headline from www.ocregister.com: How Skelly the 12-foot Home Depot skeleton become a breakout Halloween hit - OCRegister

Office Depot 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 Office Stock often depends not only on the future outlook of the current and potential Office Depot'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. Office Depot's indicators that are reflective of the short sentiment are summarized in the table below.
Shares Percent Shares Out9.20%
Trailing Annual Dividend Rate0.25
Short Percent Of Float14.93%
Float Shares43.08M
Average Daily Volume Last 10 Day386.4k
Shares Short Prior Month4.88M
Average Daily Volume In Three Month445.26k
Date Short Interest15th of July 2022
Trailing Annual Dividend Yield0.70%

Office Depot Technical Analysis

Office Depot's future price can be derived by breaking down and analyzing its technical indicators over time. Office Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Office Depot. In general, you should focus on analyzing Office Stock price patterns and their correlations with different microeconomic environments and drivers.

Office Depot Predictive Forecast Models

Office Depot time-series forecasting models is one of many Office Depot's stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae 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. These non-stationary Office Depot'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 Office Depot

Checking the ongoing alerts about Office Depot for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Office Depot help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Over 98.0% of the company shares are owned by institutional investors
Latest headline from www.ocregister.com: How Skelly the 12-foot Home Depot skeleton become a breakout Halloween hit - OCRegister
Please check Office Depot Backtesting, Office Depot Valuation, Office Depot Correlation, Office Depot Hype Analysis, Office Depot Volatility, Office Depot History as well as Office Depot Performance. Note that the Office Depot information on this page should be used as a complementary analysis to other Office Depot'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 Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

Complementary Tools for Office Stock analysis

When running Office Depot price analysis, check to measure Office Depot'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 Office Depot is operating at the current time. Most of Office Depot's value examination focuses on studying past and present price action to predict the probability of Office Depot's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Office Depot's price. Additionally, you may evaluate how the addition of Office Depot to your portfolios can decrease your overall portfolio volatility.
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Is Office Depot'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 Office Depot. If investors know Office 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 Office Depot listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Office Depot is measured differently than its book value, which is the value of Office that is recorded on the company's balance sheet. Investors also form their own opinion of Office Depot's value that differs from its market value or its book value, called intrinsic value, which is Office Depot'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 Office Depot's market value can be influenced by many factors that don't directly affect Office Depot'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 Office Depot's value and its price as these two are different measures arrived at by different means. Investors typically determine Office Depot value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Office Depot'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.