Barnes Probability of Target Price Finishing Above 61.23

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B -- USA Stock  

Earning Report: February 21, 2020  

Barnes probability of target price tool provides mechanism to make assumptions about upside and downside potential of Barnes Group performance during a given time horizon utilizing its historical volatility. Please specify Barnes time horizon, a valid symbol (red box) and a target price (blue box) you would like Barnes odds to be computed. Continue to Barnes Backtesting, Barnes Valuation, Barnes Correlation, Barnes Hype Analysis, Barnes Volatility, Barnes History as well as Barnes Performance.
Horizon     30 Days    Login   to change
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Barnes Target Price Odds to finish below 61.23

Current PriceHorizonTarget PriceOdds to drop to $ 61.23  or more in 30 days
 66.79 30 days 61.23 
about 60.18
Based on normal probability distribution, the odds of Barnes to drop to $ 61.23  or more in 30 days from now is about 60.18 (This Barnes Group probability density function shows the probability of Barnes Stock to fall within a particular range of prices over 30 days) . Probability of Barnes Group price to stay between $ 61.23  and its current price of $66.79 at the end of the 30-day period is about 37.15 .
Taking into account the 30 trading days horizon, the stock has beta coefficient of 1.24 . This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average . However, if the benchmark returns are expected to be negative, Barnes will likely underperform. Additionally The company has an alpha of 0.2367 implying that it can potentially generate 0.2367% excess return over DOW after adjusting for the inherited market risk (beta).
 Barnes Price Density 
    
  Price 
α
Alpha over DOW
=0.24
β
Beta against DOW=1.24
σ
Overall volatility
=3.26
Ir
Information ratio =0.13

Barnes Alerts and Suggestions

Barnes Group has accumulated $909.9 Million in debt which can lead to volatile earnings
Over 90.0% of the company shares are held by institutions such as insurance companies
Latest headline from MacroaxisInsider: Exercise or conversion by Wolf Idelle K of 2491 shares of Barnes subject to Rule 16b-3

BarnesPrice Density Drivers

Shares Percent Shares Out1.73%
Trailing Annual Dividend Rate0.64
Short Percent Of Float2.18%
Float Shares47.49M
Shares Short Prior Month690.4k
Average Daily Volume Last 10 Day133.08k
Average Daily Volume In Three Month204.61k
Date Short InterestDecember 31, 2019
Trailing Annual Dividend Yield1.00%