Chemed Corp Stock Probability of Future Stock Price Finishing Under 559.71
| CHE Stock | USD 569.36 2.52 0.44% |
Closest to current price Chemed long CALL Option Payoff at Expiration
Chemed |
Chemed Corp Target Price Odds to finish below 559.71
The tendency of Chemed 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 $ 559.71 or more in 90 days |
| 569.36 | 90 days | 559.71 | about 19.58 |
Based on a normal probability distribution, the odds of Chemed Corp to drop to $ 559.71 or more in 90 days from now is about 19.58 (This Chemed Corp probability density function shows the probability of Chemed Stock to fall within a particular range of prices over 90 days) . Probability of Chemed Corp price to stay between $ 559.71 and its current price of $569.36 at the end of the 90-day period is about 15.3 .
Considering the 90-day investment horizon Chemed Corp has a beta of 0.86 suggesting Chemed Corp market returns are highly-sensitive to returns on the market. As the market goes up or down, Chemed Corp is expected to follow. Additionally Chemed Corp 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. Chemed Corp Price Density |
| Price |
Predictive Modules for Chemed Corp
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Chemed Corp. 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.Chemed Corp Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Chemed Corp is not an exception. The market had few large corrections towards the Chemed Corp'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 Chemed Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Chemed Corp within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.13 | |
β | Beta against Dow Jones | 0.86 | |
σ | Overall volatility | 20.70 | |
Ir | Information ratio | -0.08 |
Chemed Corp 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 Chemed Corp for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Chemed Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Chemed Corp generated a negative expected return over the last 90 days | |
| Chemed Corp has 155.11 M in debt with debt to equity (D/E) ratio of 0.38, which is OK given its current industry classification. Chemed Corp has a current ratio of 0.7, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for Chemed to invest in growth at high rates of return. | |
| Over 97.0% of Chemed Corp shares are held by institutions such as insurance companies | |
| Latest headline from gurufocus.com: Chemed Corporation to Present at the BofA Securities 2024 Virtual Home Care Conference |
Chemed Corp 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 Chemed Stock often depends not only on the future outlook of the current and potential Chemed Corp'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. Chemed Corp's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 15.2 M | |
| Cash And Short Term Investments | 264 M |
Chemed Corp Technical Analysis
Chemed Corp's future price can be derived by breaking down and analyzing its technical indicators over time. Chemed Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Chemed Corp. In general, you should focus on analyzing Chemed Stock price patterns and their correlations with different microeconomic environments and drivers.
Chemed Corp Predictive Forecast Models
Chemed Corp's time-series forecasting models is one of many Chemed Corp'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 Chemed Corp'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 Chemed Corp
Checking the ongoing alerts about Chemed Corp for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Chemed Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Chemed Corp generated a negative expected return over the last 90 days | |
| Chemed Corp has 155.11 M in debt with debt to equity (D/E) ratio of 0.38, which is OK given its current industry classification. Chemed Corp has a current ratio of 0.7, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for Chemed to invest in growth at high rates of return. | |
| Over 97.0% of Chemed Corp shares are held by institutions such as insurance companies | |
| Latest headline from gurufocus.com: Chemed Corporation to Present at the BofA Securities 2024 Virtual Home Care Conference |
Check out Chemed Corp Backtesting, Chemed Corp Valuation, Chemed Corp Correlation, Chemed Corp Hype Analysis, Chemed Corp Volatility, Chemed Corp History as well as Chemed Corp Performance. For information on how to trade Chemed Stock refer to our How to Trade Chemed Stock guide.You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Is Health Care Providers & Services space 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 Chemed Corp. If investors know Chemed 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 Chemed Corp 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 0.014 | Dividend Share 1.7 | Earnings Share 19.77 | Revenue Per Share 157.577 | Quarterly Revenue Growth 0.074 |
The market value of Chemed Corp is measured differently than its book value, which is the value of Chemed that is recorded on the company's balance sheet. Investors also form their own opinion of Chemed Corp's value that differs from its market value or its book value, called intrinsic value, which is Chemed Corp'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 Chemed Corp's market value can be influenced by many factors that don't directly affect Chemed Corp'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 Chemed Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Chemed Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chemed Corp'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.