Boot Barn Holdings Stock Probability of Future Stock Price Finishing Under 83.93
| BOOT Stock | USD 101.81 0.90 0.89% |
Closest to current price Boot long PUT Option Payoff at Expiration
Boot |
Boot Barn Target Price Odds to finish below 83.93
The tendency of Boot 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 $ 83.93 or more in 90 days |
| 101.81 | 90 days | 83.93 | near 1 |
Based on a normal probability distribution, the odds of Boot Barn to drop to $ 83.93 or more in 90 days from now is near 1 (This Boot Barn Holdings probability density function shows the probability of Boot Stock to fall within a particular range of prices over 90 days) . Probability of Boot Barn Holdings price to stay between $ 83.93 and its current price of $101.81 at the end of the 90-day period is about 1.28 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.09 suggesting Boot Barn Holdings market returns are related to returns on the market. As the market goes up or down, Boot Barn is expected to follow. Additionally Boot Barn Holdings 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. Boot Barn Price Density |
| Price |
Predictive Modules for Boot Barn
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Boot Barn Holdings. 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.Boot Barn Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Boot Barn is not an exception. The market had few large corrections towards the Boot Barn'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 Boot Barn Holdings, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Boot Barn within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.4 | |
β | Beta against Dow Jones | 1.09 | |
σ | Overall volatility | 18.65 | |
Ir | Information ratio | -0.14 |
Boot Barn 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 Boot Barn for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Boot Barn Holdings can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Boot Barn Holdings generated a negative expected return over the last 90 days | |
| Over 99.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from zacks.com: G-III Apparel Q4 Earnings Beat Estimates, Gross Margin Rises YY |
Boot Barn 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 Boot Stock often depends not only on the future outlook of the current and potential Boot Barn'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. Boot Barn's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 30.6 M | |
| Cash And Short Term Investments | 75.8 M |
Boot Barn Technical Analysis
Boot Barn's future price can be derived by breaking down and analyzing its technical indicators over time. Boot Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Boot Barn Holdings. In general, you should focus on analyzing Boot Stock price patterns and their correlations with different microeconomic environments and drivers.
Boot Barn Predictive Forecast Models
Boot Barn's time-series forecasting models is one of many Boot Barn'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 Boot Barn'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 Boot Barn Holdings
Checking the ongoing alerts about Boot Barn for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Boot Barn Holdings help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Boot Barn Holdings generated a negative expected return over the last 90 days | |
| Over 99.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from zacks.com: G-III Apparel Q4 Earnings Beat Estimates, Gross Margin Rises YY |
Additional Tools for Boot Stock Analysis
When running Boot Barn's price analysis, check to measure Boot Barn'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 Boot Barn is operating at the current time. Most of Boot Barn's value examination focuses on studying past and present price action to predict the probability of Boot Barn's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Boot Barn's price. Additionally, you may evaluate how the addition of Boot Barn to your portfolios can decrease your overall portfolio volatility.