Great Lakes Dredge Stock Probability of Future Stock Price Finishing Over 5.37
| GLDD Stock | USD 7.44 0.19 2.49% |
Closest to current price Great long CALL Option Payoff at Expiration
Great |
Great Lakes Target Price Odds to finish over 5.37
The tendency of Great 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 $ 5.37 in 90 days |
| 7.44 | 90 days | 5.37 | close to 99 |
Based on a normal probability distribution, the odds of Great Lakes to stay above $ 5.37 in 90 days from now is close to 99 (This Great Lakes Dredge probability density function shows the probability of Great Stock to fall within a particular range of prices over 90 days) . Probability of Great Lakes Dredge price to stay between $ 5.37 and its current price of $7.44 at the end of the 90-day period is about 5.77 .
Given the investment horizon of 90 days the stock has the beta coefficient of 2.85 . 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, Great Lakes will likely underperform. Additionally Great Lakes Dredge has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Great Lakes Price Density |
| Price |
Predictive Modules for Great Lakes
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Great Lakes Dredge. 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 Great Lakes' 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.
Great Lakes Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Great Lakes is not an exception. The market had few large corrections towards the Great Lakes' 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 Great Lakes Dredge, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Great Lakes within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.13 | |
β | Beta against NYSE Composite | 2.85 | |
σ | Overall volatility | 0.54 | |
Ir | Information ratio | 0.01 |
Great Lakes 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 Great Lakes for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Great Lakes Dredge can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Great Lakes Dredge generated a negative expected return over the last 90 days | |
| Great Lakes Dredge has high historical volatility and very poor performance | |
| Over 85.0% of the company shares are owned by institutional investors | |
| Latest headline from finance.yahoo.com: Investors in Great Lakes Dredge Dock have unfortunately lost 53 percent over the last three years |
Great Lakes 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 Great Stock often depends not only on the future outlook of the current and potential Great Lakes' 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. Great Lakes' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 67 M | |
| Cash And Short Term Investments | 22.8 M |
Great Lakes Technical Analysis
Great Lakes' future price can be derived by breaking down and analyzing its technical indicators over time. Great Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Great Lakes Dredge. In general, you should focus on analyzing Great Stock price patterns and their correlations with different microeconomic environments and drivers.
Great Lakes Predictive Forecast Models
Great Lakes' time-series forecasting models is one of many Great Lakes' 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 Great Lakes' 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 Great Lakes Dredge
Checking the ongoing alerts about Great Lakes for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Great Lakes Dredge help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Great Lakes Dredge generated a negative expected return over the last 90 days | |
| Great Lakes Dredge has high historical volatility and very poor performance | |
| Over 85.0% of the company shares are owned by institutional investors | |
| Latest headline from finance.yahoo.com: Investors in Great Lakes Dredge Dock have unfortunately lost 53 percent over the last three years |
Check out Great Lakes Backtesting, Great Lakes Valuation, Great Lakes Correlation, Great Lakes Hype Analysis, Great Lakes Volatility, Great Lakes History as well as Great Lakes Performance. Note that the Great Lakes Dredge information on this page should be used as a complementary analysis to other Great Lakes' 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 Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Complementary Tools for Great Stock analysis
When running Great Lakes' price analysis, check to measure Great Lakes' 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 Great Lakes is operating at the current time. Most of Great Lakes' value examination focuses on studying past and present price action to predict the probability of Great Lakes' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Great Lakes' price. Additionally, you may evaluate how the addition of Great Lakes to your portfolios can decrease your overall portfolio volatility.
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| Analyst Advice Analyst recommendations and target price estimates broken down by several categories |
Is Great Lakes' 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 Great Lakes. If investors know Great 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 Great Lakes 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 0.292 | Earnings Share 0.21 | Revenue Per Share 8.871 | Quarterly Revenue Growth 0.239 | Return On Assets 0.0109 |
The market value of Great Lakes Dredge is measured differently than its book value, which is the value of Great that is recorded on the company's balance sheet. Investors also form their own opinion of Great Lakes' value that differs from its market value or its book value, called intrinsic value, which is Great Lakes' 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 Great Lakes' market value can be influenced by many factors that don't directly affect Great Lakes' 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 Great Lakes' value and its price as these two are different measures arrived at by different means. Investors typically determine if Great Lakes is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Great Lakes' 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.