Flexsteel Industries Stock Probability of Future Stock Price Finishing Under 48.38
| FLXS Stock | USD 58.30 0.69 1.20% |
Flexsteel |
Flexsteel Industries Target Price Odds to finish below 48.38
The tendency of Flexsteel 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 $ 48.38 or more in 90 days |
| 58.30 | 90 days | 48.38 | about 25.76 |
Based on a normal probability distribution, the odds of Flexsteel Industries to drop to $ 48.38 or more in 90 days from now is about 25.76 (This Flexsteel Industries probability density function shows the probability of Flexsteel Stock to fall within a particular range of prices over 90 days) . Probability of Flexsteel Industries price to stay between $ 48.38 and its current price of $58.3 at the end of the 90-day period is about 46.98 .
Given the investment horizon of 90 days Flexsteel Industries has a beta of -0.0568. This usually indicates as returns on the benchmark increase, returns on holding Flexsteel Industries are expected to decrease at a much lower rate. During a bear market, however, Flexsteel Industries is likely to outperform the market. Additionally Flexsteel Industries has an alpha of 0.4538, implying that it can generate a 0.45 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Flexsteel Industries Price Density |
| Price |
Predictive Modules for Flexsteel Industries
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Flexsteel Industries. 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 Flexsteel Industries' 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.
Flexsteel Industries Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Flexsteel Industries is not an exception. The market had few large corrections towards the Flexsteel Industries' 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 Flexsteel Industries, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Flexsteel Industries within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.45 | |
β | Beta against Dow Jones | -0.06 | |
σ | Overall volatility | 7.90 | |
Ir | Information ratio | 0.10 |
Flexsteel Industries 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 Flexsteel Industries for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Flexsteel Industries can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Flexsteel Industries appears to be risky and price may revert if volatility continues | |
| Flexsteel Industries is unlikely to experience financial distress in the next 2 years | |
| Flexsteel Industries has a strong financial position based on the latest SEC filings | |
| About 31.0% of the company shares are held by company insiders | |
| Latest headline from MacroaxisInsider: Disposition of 1459 shares by Michael Ressler of Flexsteel Industries subject to Rule 16b-3 |
Flexsteel Industries 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 Flexsteel Stock often depends not only on the future outlook of the current and potential Flexsteel Industries' 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. Flexsteel Industries' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 5.5 M | |
| Cash And Short Term Investments | 4.8 M |
Flexsteel Industries Technical Analysis
Flexsteel Industries' future price can be derived by breaking down and analyzing its technical indicators over time. Flexsteel Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Flexsteel Industries. In general, you should focus on analyzing Flexsteel Stock price patterns and their correlations with different microeconomic environments and drivers.
Flexsteel Industries Predictive Forecast Models
Flexsteel Industries' time-series forecasting models is one of many Flexsteel Industries' 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 Flexsteel Industries' 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 Flexsteel Industries
Checking the ongoing alerts about Flexsteel Industries for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Flexsteel Industries help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Flexsteel Industries appears to be risky and price may revert if volatility continues | |
| Flexsteel Industries is unlikely to experience financial distress in the next 2 years | |
| Flexsteel Industries has a strong financial position based on the latest SEC filings | |
| About 31.0% of the company shares are held by company insiders | |
| Latest headline from MacroaxisInsider: Disposition of 1459 shares by Michael Ressler of Flexsteel Industries subject to Rule 16b-3 |
Additional Tools for Flexsteel Stock Analysis
When running Flexsteel Industries' price analysis, check to measure Flexsteel Industries' 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 Flexsteel Industries is operating at the current time. Most of Flexsteel Industries' value examination focuses on studying past and present price action to predict the probability of Flexsteel Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Flexsteel Industries' price. Additionally, you may evaluate how the addition of Flexsteel Industries to your portfolios can decrease your overall portfolio volatility.