Franklin Covey Stock Probability of Future Stock Price Finishing Under 28.94
| FC Stock | USD 37.31 0.31 0.84% |
Franklin |
Franklin Covey Target Price Odds to finish below 28.94
The tendency of Franklin 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 $ 28.94 or more in 90 days |
| 37.31 | 90 days | 28.94 | near 1 |
Based on a normal probability distribution, the odds of Franklin Covey to drop to $ 28.94 or more in 90 days from now is near 1 (This Franklin Covey probability density function shows the probability of Franklin Stock to fall within a particular range of prices over 90 days) . Probability of Franklin Covey price to stay between $ 28.94 and its current price of $37.31 at the end of the 90-day period is about 27.28 .
Allowing for the 90-day total investment horizon Franklin Covey has a beta of -0.18. This usually indicates as returns on the benchmark increase, returns on holding Franklin Covey are expected to decrease at a much lower rate. During a bear market, however, Franklin Covey is likely to outperform the market. Additionally Franklin Covey 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. Franklin Covey Price Density |
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Predictive Modules for Franklin Covey
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Franklin Covey. 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 Franklin Covey'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.
Franklin Covey Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Franklin Covey is not an exception. The market had few large corrections towards the Franklin Covey'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 Franklin Covey, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Franklin Covey within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.12 | |
β | Beta against Dow Jones | -0.18 | |
σ | Overall volatility | 2.07 | |
Ir | Information ratio | -0.05 |
Franklin Covey 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 Franklin Covey for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Franklin Covey can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Franklin Covey generated a negative expected return over the last 90 days | |
| Franklin Covey is unlikely to experience financial distress in the next 2 years | |
| Franklin Covey reports 6.03 M of total liabilities with total debt to equity ratio (D/E) of 0.35, which is normal for its line of buisiness. Franklin Covey has a current ratio of 0.93, implying that it has not enough working capital to pay out debt commitments in time. Note however, debt could still be an excellent tool for Franklin to invest in growth at high rates of return. | |
| Over 77.0% of Franklin Covey shares are owned by institutional investors | |
| Latest headline from finance.yahoo.com: Covey Homes by MORE Acquires New Rental Community near Savannah |
Franklin Covey 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 Franklin Stock often depends not only on the future outlook of the current and potential Franklin Covey'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. Franklin Covey's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 13.5 M | |
| Cash And Short Term Investments | 48.7 M |
Franklin Covey Technical Analysis
Franklin Covey's future price can be derived by breaking down and analyzing its technical indicators over time. Franklin Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Franklin Covey. In general, you should focus on analyzing Franklin Stock price patterns and their correlations with different microeconomic environments and drivers.