Avanos Medical Stock Probability of Future Stock Price Finishing Over 16.03
| AVNS Stock | USD 16.16 0.14 0.87% |
Avanos |
Avanos Medical Target Price Odds to finish over 16.03
The tendency of Avanos 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 $ 16.03 in 90 days |
| 16.16 | 90 days | 16.03 | roughly 97.0 |
Based on a normal probability distribution, the odds of Avanos Medical to stay above $ 16.03 in 90 days from now is roughly 97.0 (This Avanos Medical probability density function shows the probability of Avanos Stock to fall within a particular range of prices over 90 days) . Probability of Avanos Medical price to stay between $ 16.03 and its current price of $16.16 at the end of the 90-day period is near 1 .
Given the investment horizon of 90 days Avanos Medical has a beta of -0.0141. This suggests as returns on the benchmark increase, returns on holding Avanos Medical are expected to decrease at a much lower rate. During a bear market, however, Avanos Medical is likely to outperform the market. Additionally Avanos Medical 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. Avanos Medical Price Density |
| Price |
Predictive Modules for Avanos Medical
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Avanos Medical. 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.Avanos Medical Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Avanos Medical is not an exception. The market had few large corrections towards the Avanos Medical'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 Avanos Medical, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Avanos Medical within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.56 | |
β | Beta against Dow Jones | -0.01 | |
σ | Overall volatility | 2.40 | |
Ir | Information ratio | -0.2 |
Avanos Medical 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 Avanos Medical for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Avanos Medical can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Avanos Medical generated a negative expected return over the last 90 days | |
| The company reported the previous year's revenue of 673.3 M. Net Loss for the year was (61.8 M) with profit before overhead, payroll, taxes, and interest of 450 M. | |
| Avanos Medical has a poor financial position based on the latest SEC disclosures | |
| Over 96.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from simplywall.st: What Is Avanos Medical, Inc.s Share Price Doing |
Avanos Medical 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 Avanos Stock often depends not only on the future outlook of the current and potential Avanos Medical'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. Avanos Medical's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 46.6 M | |
| Cash And Short Term Investments | 87.7 M |
Avanos Medical Technical Analysis
Avanos Medical's future price can be derived by breaking down and analyzing its technical indicators over time. Avanos Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Avanos Medical. In general, you should focus on analyzing Avanos Stock price patterns and their correlations with different microeconomic environments and drivers.
Avanos Medical Predictive Forecast Models
Avanos Medical's time-series forecasting models is one of many Avanos Medical'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 Avanos Medical'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 Avanos Medical
Checking the ongoing alerts about Avanos Medical for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Avanos Medical help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Avanos Medical generated a negative expected return over the last 90 days | |
| The company reported the previous year's revenue of 673.3 M. Net Loss for the year was (61.8 M) with profit before overhead, payroll, taxes, and interest of 450 M. | |
| Avanos Medical has a poor financial position based on the latest SEC disclosures | |
| Over 96.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from simplywall.st: What Is Avanos Medical, Inc.s Share Price Doing |
Additional Tools for Avanos Stock Analysis
When running Avanos Medical's price analysis, check to measure Avanos Medical'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 Avanos Medical is operating at the current time. Most of Avanos Medical's value examination focuses on studying past and present price action to predict the probability of Avanos Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avanos Medical's price. Additionally, you may evaluate how the addition of Avanos Medical to your portfolios can decrease your overall portfolio volatility.