Allegheny Technologies (Germany) Probability of Future Stock Price Finishing Under 50.89
| ATD Stock | EUR 53.24 0.12 0.23% |
Allegheny |
Allegheny Technologies Target Price Odds to finish below 50.89
The tendency of Allegheny 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 € 50.89 or more in 90 days |
| 53.24 | 90 days | 50.89 | under 4 |
Based on a normal probability distribution, the odds of Allegheny Technologies to drop to € 50.89 or more in 90 days from now is under 4 (This Allegheny Technologies Incorporated probability density function shows the probability of Allegheny Stock to fall within a particular range of prices over 90 days) . Probability of Allegheny Technologies price to stay between € 50.89 and its current price of €53.24 at the end of the 90-day period is about 14.0 .
Assuming the 90 days horizon Allegheny Technologies has a beta of 0.71. This suggests as returns on the market go up, Allegheny Technologies average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Allegheny Technologies Incorporated will be expected to be much smaller as well. Additionally Allegheny Technologies Incorporated has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Allegheny Technologies Price Density |
| Price |
Predictive Modules for Allegheny Technologies
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Allegheny Technologies. 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.Allegheny Technologies Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Allegheny Technologies is not an exception. The market had few large corrections towards the Allegheny Technologies' 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 Allegheny Technologies Incorporated, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Allegheny Technologies within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.13 | |
β | Beta against Dow Jones | 0.71 | |
σ | Overall volatility | 2.62 | |
Ir | Information ratio | -0.07 |
Allegheny Technologies 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 Allegheny Technologies for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Allegheny Technologies can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Allegheny Technologies generated a negative expected return over the last 90 days | |
| Allegheny Technologies has accumulated €1.71 Billion in debt which can lead to volatile earnings | |
| Over 99.0% of the company shares are held by institutions such as insurance companies |
Allegheny Technologies 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 Allegheny Stock often depends not only on the future outlook of the current and potential Allegheny Technologies' 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. Allegheny Technologies' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 128.3 M |
Allegheny Technologies Technical Analysis
Allegheny Technologies' future price can be derived by breaking down and analyzing its technical indicators over time. Allegheny Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Allegheny Technologies Incorporated. In general, you should focus on analyzing Allegheny Stock price patterns and their correlations with different microeconomic environments and drivers.
Allegheny Technologies Predictive Forecast Models
Allegheny Technologies' time-series forecasting models is one of many Allegheny Technologies' 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 Allegheny Technologies' 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 Allegheny Technologies
Checking the ongoing alerts about Allegheny Technologies for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Allegheny Technologies help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Allegheny Technologies generated a negative expected return over the last 90 days | |
| Allegheny Technologies has accumulated €1.71 Billion in debt which can lead to volatile earnings | |
| Over 99.0% of the company shares are held by institutions such as insurance companies |
Additional Information and Resources on Investing in Allegheny Stock
When determining whether Allegheny Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Allegheny Technologies' 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 Allegheny Technologies Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Allegheny Technologies Incorporated Stock:Check out Allegheny Technologies Backtesting, Allegheny Technologies Valuation, Allegheny Technologies Correlation, Allegheny Technologies Hype Analysis, Allegheny Technologies Volatility, Allegheny Technologies History as well as Allegheny Technologies Performance. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.