Fabrinet Stock Odds of Future Stock Price Finishing Over 65.04

FN Stock  USD 191.37  5.02  2.69%   
Fabrinet's implied volatility is one of the determining factors in the pricing options written on Fabrinet. Implied volatility approximates the future value of Fabrinet 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 Fabrinet over a specific time period. For example, 2024-04-19 CALL at $190.0 is a CALL option contract on Fabrinet's common stock with a strick price of 190.0 expiring on 2024-04-19. The contract was last traded on 2024-03-27 at 14:12:58 for $7.6 and, as of today, has 22 days remaining before the expiration. The option is currently trading at a bid price of $7.9, and an ask price of $9.2. The implied volatility as of the 28th of March is 40.42. View All Fabrinet options

Closest to current price Fabrinet long CALL Option Payoff at Expiration

Fabrinet's future price is the expected price of Fabrinet 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 Fabrinet performance during a given time horizon utilizing its historical volatility. Check out Fabrinet Backtesting, Fabrinet Valuation, Fabrinet Correlation, Fabrinet Hype Analysis, Fabrinet Volatility, Fabrinet History as well as Fabrinet Performance.
To learn how to invest in Fabrinet Stock, please use our How to Invest in Fabrinet guide.
  
At this time, Fabrinet's Price Earnings To Growth Ratio is very stable compared to the past year. As of the 28th of March 2024, Price To Operating Cash Flows Ratio is likely to grow to 28.15, while Price Earnings Ratio is likely to drop 10.13. Please specify Fabrinet's target price for which you would like Fabrinet odds to be computed.

Fabrinet Target Price Odds to finish over 65.04

The tendency of Fabrinet 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 stay above $ 65.04  in 90 days
 191.37 90 days 65.04 
close to 99
Based on a normal probability distribution, the odds of Fabrinet to stay above $ 65.04  in 90 days from now is close to 99 (This Fabrinet probability density function shows the probability of Fabrinet Stock to fall within a particular range of prices over 90 days) . Probability of Fabrinet price to stay between $ 65.04  and its current price of $191.37 at the end of the 90-day period is about 22.62 .
Allowing for the 90-day total investment horizon the stock has the beta coefficient of 2.23 . This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Fabrinet will likely underperform. Additionally Fabrinet has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
   Fabrinet Price Density   
       Price  

Predictive Modules for Fabrinet

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Fabrinet. 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 Fabrinet'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.
Hype
Prediction
LowEstimatedHigh
187.47191.21194.95
Details
Intrinsic
Valuation
LowRealHigh
172.21175.95210.51
Details
Naive
Forecast
LowNextHigh
168.23171.98175.72
Details
7 Analysts
Consensus
LowTargetHigh
169.26186.00206.46
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Fabrinet. Your research has to be compared to or analyzed against Fabrinet's peers to derive any actionable benefits. When done correctly, Fabrinet's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Fabrinet.

Fabrinet Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Fabrinet is not an exception. The market had few large corrections towards the Fabrinet'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 Fabrinet, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Fabrinet within the framework of very fundamental risk indicators.
α
Alpha over NYSE Composite
-0.22
β
Beta against NYSE Composite2.23
σ
Overall volatility
11.76
Ir
Information ratio -0.02

Fabrinet 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 Fabrinet for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Fabrinet can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Fabrinet had very high historical volatility over the last 90 days
Over 100.0% of the company shares are owned by institutional investors
Latest headline from simplywall.st: Fabrinet Insiders Sold US22m Of Shares Suggesting Hesitancy

Fabrinet 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 Fabrinet Stock often depends not only on the future outlook of the current and potential Fabrinet'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. Fabrinet's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding36.9 M
Cash And Short Term Investments550.5 M

Fabrinet Technical Analysis

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

Fabrinet Predictive Forecast Models

Fabrinet's time-series forecasting models is one of many Fabrinet'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 Fabrinet'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 Fabrinet

Checking the ongoing alerts about Fabrinet for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Fabrinet help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Fabrinet had very high historical volatility over the last 90 days
Over 100.0% of the company shares are owned by institutional investors
Latest headline from simplywall.st: Fabrinet Insiders Sold US22m Of Shares Suggesting Hesitancy
When determining whether Fabrinet offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Fabrinet's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Fabrinet Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Fabrinet Stock:
Check out Fabrinet Backtesting, Fabrinet Valuation, Fabrinet Correlation, Fabrinet Hype Analysis, Fabrinet Volatility, Fabrinet History as well as Fabrinet Performance.
To learn how to invest in Fabrinet Stock, please use our How to Invest in Fabrinet guide.
You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

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When running Fabrinet's price analysis, check to measure Fabrinet'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 Fabrinet is operating at the current time. Most of Fabrinet's value examination focuses on studying past and present price action to predict the probability of Fabrinet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fabrinet's price. Additionally, you may evaluate how the addition of Fabrinet to your portfolios can decrease your overall portfolio volatility.
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Is Fabrinet'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 Fabrinet. If investors know Fabrinet 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 Fabrinet 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
0.105
Earnings Share
6.93
Revenue Per Share
74.744
Quarterly Revenue Growth
0.066
Return On Assets
0.0803
The market value of Fabrinet is measured differently than its book value, which is the value of Fabrinet that is recorded on the company's balance sheet. Investors also form their own opinion of Fabrinet's value that differs from its market value or its book value, called intrinsic value, which is Fabrinet'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 Fabrinet's market value can be influenced by many factors that don't directly affect Fabrinet'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 Fabrinet's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fabrinet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fabrinet'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.