Credo Technology Group Stock Probability of Future Stock Price Finishing Over 41.93
| CRDO Stock | USD 48.96 3.25 7.11% |
Credo |
Credo Technology Target Price Odds to finish over 41.93
The tendency of Credo 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 $ 41.93 in 90 days |
| 48.96 | 90 days | 41.93 | about 21.47 |
Based on a normal probability distribution, the odds of Credo Technology to stay above $ 41.93 in 90 days from now is about 21.47 (This Credo Technology Group probability density function shows the probability of Credo Stock to fall within a particular range of prices over 90 days) . Probability of Credo Technology price to stay between $ 41.93 and its current price of $48.96 at the end of the 90-day period is about 17.94 .
Given the investment horizon of 90 days the stock has the beta coefficient of 2.93 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Credo Technology will likely underperform. Additionally Credo Technology Group has an alpha of 0.2636, implying that it can generate a 0.26 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Credo Technology Price Density |
| Price |
Predictive Modules for Credo Technology
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Credo Technology. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Credo Technology's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Credo Technology Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Credo Technology is not an exception. The market had few large corrections towards the Credo Technology'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 Credo Technology Group, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Credo Technology within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.26 | |
β | Beta against Dow Jones | 2.93 | |
σ | Overall volatility | 6.91 | |
Ir | Information ratio | 0.12 |
Credo Technology 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 Credo Technology for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Credo Technology can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Credo Technology appears to be risky and price may revert if volatility continues | |
| The company reported the previous year's revenue of 192.97 M. Net Loss for the year was (28.37 M) with profit before overhead, payroll, taxes, and interest of 65.77 M. | |
| Over 77.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from benzinga.com: A Closer Look at Credo Technology Groups Options Market Dynamics |
Credo Technology 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 Credo Stock often depends not only on the future outlook of the current and potential Credo Technology'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. Credo Technology's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 155.1 M | |
| Cash And Short Term Investments | 410 M |
Credo Technology Technical Analysis
Credo Technology's future price can be derived by breaking down and analyzing its technical indicators over time. Credo Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Credo Technology Group. In general, you should focus on analyzing Credo Stock price patterns and their correlations with different microeconomic environments and drivers.
Credo Technology Predictive Forecast Models
Credo Technology's time-series forecasting models is one of many Credo Technology'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 Credo Technology'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 Credo Technology
Checking the ongoing alerts about Credo Technology for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Credo Technology help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Credo Technology appears to be risky and price may revert if volatility continues | |
| The company reported the previous year's revenue of 192.97 M. Net Loss for the year was (28.37 M) with profit before overhead, payroll, taxes, and interest of 65.77 M. | |
| Over 77.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from benzinga.com: A Closer Look at Credo Technology Groups Options Market Dynamics |
Check out Credo Technology Backtesting, Credo Technology Valuation, Credo Technology Correlation, Credo Technology Hype Analysis, Credo Technology Volatility, Credo Technology History as well as Credo Technology Performance. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Is Semiconductors & Semiconductor Equipment 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 Credo Technology. If investors know Credo 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 Credo Technology 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 (0.87) | Earnings Share (0.16) | Revenue Per Share 1.368 | Quarterly Revenue Growth 0.702 | Return On Assets (0.04) |
The market value of Credo Technology is measured differently than its book value, which is the value of Credo that is recorded on the company's balance sheet. Investors also form their own opinion of Credo Technology's value that differs from its market value or its book value, called intrinsic value, which is Credo Technology'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 Credo Technology's market value can be influenced by many factors that don't directly affect Credo Technology'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 Credo Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Credo Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Credo Technology'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.