Applied Industrial Technologies Stock Probability of Future Stock Price Finishing Under 267.09
| AIT Stock | USD 274.72 0.82 0.30% |
Applied |
Applied Industrial Target Price Odds to finish below 267.09
The tendency of Applied 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 drop to $ 267.09 or more in 90 days |
| 274.72 | 90 days | 267.09 | about 91.12 |
Based on a normal probability distribution, the odds of Applied Industrial to drop to $ 267.09 or more in 90 days from now is about 91.12 (This Applied Industrial Technologies probability density function shows the probability of Applied Stock to fall within a particular range of prices over 90 days) . Probability of Applied Industrial price to stay between $ 267.09 and its current price of $274.72 at the end of the 90-day period is under 4.
Considering the 90-day investment horizon the stock has the beta coefficient of 2.23 . This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Applied Industrial will likely underperform. Additionally Applied Industrial Technologies has an alpha of 0.1857, implying that it can generate a 0.19 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Applied Industrial Price Density |
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Predictive Modules for Applied Industrial
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Applied Industrial. 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.Applied Industrial Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Applied Industrial is not an exception. The market had few large corrections towards the Applied Industrial'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 Applied Industrial Technologies, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Applied Industrial within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.19 | |
β | Beta against Dow Jones | 2.23 | |
σ | Overall volatility | 25.61 | |
Ir | Information ratio | 0.15 |
Applied Industrial 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 Applied Industrial for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Applied Industrial can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Over 95.0% of the company shares are held by institutions such as insurance companies | |
| On 29th of November 2024 Applied Industrial paid $ 0.37 per share dividend to its current shareholders | |
| Latest headline from kalkinemedia.com: Applied Industrial Technologies Upgraded to Buy by Bank of America |
Applied Industrial 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 Applied Stock often depends not only on the future outlook of the current and potential Applied Industrial'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. Applied Industrial's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 39.3 M | |
| Cash And Short Term Investments | 460.6 M |
Applied Industrial Technical Analysis
Applied Industrial's future price can be derived by breaking down and analyzing its technical indicators over time. Applied Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Applied Industrial Technologies. In general, you should focus on analyzing Applied Stock price patterns and their correlations with different microeconomic environments and drivers.
Applied Industrial Predictive Forecast Models
Applied Industrial's time-series forecasting models is one of many Applied Industrial'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 Applied Industrial'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 Applied Industrial
Checking the ongoing alerts about Applied Industrial for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Applied Industrial help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Over 95.0% of the company shares are held by institutions such as insurance companies | |
| On 29th of November 2024 Applied Industrial paid $ 0.37 per share dividend to its current shareholders | |
| Latest headline from kalkinemedia.com: Applied Industrial Technologies Upgraded to Buy by Bank of America |
Additional Tools for Applied Stock Analysis
When running Applied Industrial's price analysis, check to measure Applied Industrial'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 Applied Industrial is operating at the current time. Most of Applied Industrial's value examination focuses on studying past and present price action to predict the probability of Applied Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Applied Industrial's price. Additionally, you may evaluate how the addition of Applied Industrial to your portfolios can decrease your overall portfolio volatility.