Steris Plc Stock Probability of Future Stock Price Finishing Over 142.19

STE Stock  USD 230.00  0.05  0.02%   
STERIS Plc's implied volatility is one of the determining factors in the pricing options written on STERIS Plc. Implied volatility approximates the future value of STERIS Plc 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 STERIS Plc over a specific time period. For example, 2024-04-19 CALL at $230.0 is a CALL option contract on STERIS Plc's common stock with a strick price of 230.0 expiring on 2024-04-19. The contract was last traded on 2024-03-12 at 14:29:42 for $9.3 and, as of today, has 31 days remaining before the expiration. The option is currently trading at a bid price of $3.6, and an ask price of $7.4. The implied volatility as of the 19th of March is 18.89. View All STERIS options

Closest to current price STERIS long CALL Option Payoff at Expiration

STERIS Plc's future price is the expected price of STERIS Plc 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 STERIS Plc performance during a given time horizon utilizing its historical volatility. Check out STERIS Plc Backtesting, STERIS Plc Valuation, STERIS Plc Correlation, STERIS Plc Hype Analysis, STERIS Plc Volatility, STERIS Plc History as well as STERIS Plc Performance.
For information on how to trade STERIS Stock refer to our How to Trade STERIS Stock guide.
  
At present, STERIS Plc's Price Book Value Ratio is projected to slightly decrease based on the last few years of reporting. The current year's Price To Operating Cash Flows Ratio is expected to grow to 35.88, whereas Price Earnings To Growth Ratio is projected to grow to (3.42). Please specify STERIS Plc's target price for which you would like STERIS Plc odds to be computed.

STERIS Plc Target Price Odds to finish over 142.19

The tendency of STERIS 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 $ 142.19  in 90 days
 230.00 90 days 142.19 
close to 99
Based on a normal probability distribution, the odds of STERIS Plc to stay above $ 142.19  in 90 days from now is close to 99 (This STERIS Plc probability density function shows the probability of STERIS Stock to fall within a particular range of prices over 90 days) . Probability of STERIS Plc price to stay between $ 142.19  and its current price of $230.0 at the end of the 90-day period is about 81.03 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.23 . This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, STERIS Plc will likely underperform. Additionally The company has an alpha of 0.035, implying that it can generate a 0.035 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
   STERIS Plc Price Density   
       Price  

Predictive Modules for STERIS Plc

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as STERIS Plc. 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 STERIS Plc'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 STERIS Plc in the context of predictive analytics.
Hype
Prediction
LowEstimatedHigh
229.45230.57231.69
Details
Intrinsic
Valuation
LowRealHigh
207.68258.30259.42
Details
Naive
Forecast
LowNextHigh
228.86229.98231.10
Details
8 Analysts
Consensus
LowTargetHigh
220.22242.00268.62
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as STERIS Plc. Your research has to be compared to or analyzed against STERIS Plc's peers to derive any actionable benefits. When done correctly, STERIS Plc'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 STERIS Plc.

STERIS Plc Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. STERIS Plc is not an exception. The market had few large corrections towards the STERIS Plc'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 STERIS Plc, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of STERIS Plc within the framework of very fundamental risk indicators.
α
Alpha over NYSE Composite
0.04
β
Beta against NYSE Composite1.23
σ
Overall volatility
7.77
Ir
Information ratio 0.06

STERIS Plc 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 STERIS Plc for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for STERIS Plc can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
STERIS Plc has a strong financial position based on the latest SEC filings
Over 98.0% of the company shares are owned by institutional investors
Latest headline from news.google.com: Fulton Bank N.A. Grows Position in STERIS plc - Defense World

STERIS Plc 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 STERIS Stock often depends not only on the future outlook of the current and potential STERIS Plc'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. STERIS Plc's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding100.2 M
Cash And Short Term Investments208.4 M

STERIS Plc Technical Analysis

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

STERIS Plc Predictive Forecast Models

STERIS Plc's time-series forecasting models is one of many STERIS Plc'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 STERIS Plc'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 STERIS Plc

Checking the ongoing alerts about STERIS Plc for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for STERIS Plc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
STERIS Plc has a strong financial position based on the latest SEC filings
Over 98.0% of the company shares are owned by institutional investors
Latest headline from news.google.com: Fulton Bank N.A. Grows Position in STERIS plc - Defense World
When determining whether STERIS Plc is a strong investment it is important to analyze STERIS Plc's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact STERIS Plc's future performance. For an informed investment choice regarding STERIS Stock, refer to the following important reports:

Complementary Tools for STERIS Stock analysis

When running STERIS Plc's price analysis, check to measure STERIS Plc'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 STERIS Plc is operating at the current time. Most of STERIS Plc's value examination focuses on studying past and present price action to predict the probability of STERIS Plc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move STERIS Plc's price. Additionally, you may evaluate how the addition of STERIS Plc to your portfolios can decrease your overall portfolio volatility.
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Is STERIS Plc'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 STERIS Plc. If investors know STERIS 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 STERIS Plc 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
0.145
Dividend Share
1.98
Earnings Share
5.68
Revenue Per Share
54.709
Quarterly Revenue Growth
0.148
The market value of STERIS Plc is measured differently than its book value, which is the value of STERIS that is recorded on the company's balance sheet. Investors also form their own opinion of STERIS Plc's value that differs from its market value or its book value, called intrinsic value, which is STERIS Plc'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 STERIS Plc's market value can be influenced by many factors that don't directly affect STERIS Plc'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 STERIS Plc's value and its price as these two are different measures arrived at by different means. Investors typically determine if STERIS Plc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, STERIS Plc'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.