Carmit (Israel) Chance of Future Stock Price Finishing Over 894.17
| CRMT Stock | ILA 1,059 0.00 0.00% |
Carmit |
Carmit Target Price Odds to finish over 894.17
The tendency of Carmit 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 above 894.17 in 90 days |
| 1,059 | 90 days | 894.17 | close to 99 |
Based on a normal probability distribution, the odds of Carmit to stay above 894.17 in 90 days from now is close to 99 (This Carmit probability density function shows the probability of Carmit Stock to fall within a particular range of prices over 90 days) . Probability of Carmit price to stay between 894.17 and its current price of 1059.0 at the end of the 90-day period is about 56.73 .
Assuming the 90 days trading horizon the stock has the beta coefficient of 1.08 suggesting Carmit market returns are sensitive to returns on the market. As the market goes up or down, Carmit is expected to follow. Additionally Carmit has an alpha of 0.3588, implying that it can generate a 0.36 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Carmit Price Density |
| Price |
Predictive Modules for Carmit
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Carmit. 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 Carmit'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.
Carmit Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Carmit is not an exception. The market had few large corrections towards the Carmit'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 Carmit, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Carmit within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.36 | |
β | Beta against NYSE Composite | 1.08 | |
σ | Overall volatility | 63.50 | |
Ir | Information ratio | 0.12 |
Carmit 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 Carmit for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Carmit can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Carmit generated a negative expected return over the last 90 days | |
| The company reported the revenue of 178.67 M. Net Loss for the year was (9.65 M) with profit before overhead, payroll, taxes, and interest of 26.11 M. | |
| About 65.0% of the company shares are held by company insiders |
Carmit 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 Carmit Stock often depends not only on the future outlook of the current and potential Carmit'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. Carmit's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 5.6 M |
Carmit Technical Analysis
Carmit's future price can be derived by breaking down and analyzing its technical indicators over time. Carmit Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Carmit. In general, you should focus on analyzing Carmit Stock price patterns and their correlations with different microeconomic environments and drivers.
Carmit Predictive Forecast Models
Carmit's time-series forecasting models is one of many Carmit'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 Carmit'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 Carmit
Checking the ongoing alerts about Carmit for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Carmit help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Carmit generated a negative expected return over the last 90 days | |
| The company reported the revenue of 178.67 M. Net Loss for the year was (9.65 M) with profit before overhead, payroll, taxes, and interest of 26.11 M. | |
| About 65.0% of the company shares are held by company insiders |
Check out Carmit Backtesting, Carmit Valuation, Carmit Correlation, Carmit Hype Analysis, Carmit Volatility, Carmit History as well as Carmit Performance. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Complementary Tools for Carmit Stock analysis
When running Carmit's price analysis, check to measure Carmit'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 Carmit is operating at the current time. Most of Carmit's value examination focuses on studying past and present price action to predict the probability of Carmit's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Carmit's price. Additionally, you may evaluate how the addition of Carmit to your portfolios can decrease your overall portfolio volatility.
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