Fabrinet Stock Odds of Future Stock Price Finishing Over 221.26
| FN Stock | USD 224.15 2.91 1.32% |
Fabrinet |
Fabrinet Target Price Odds to finish over 221.26
The tendency of Fabrinet 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 $ 221.26 in 90 days |
| 224.15 | 90 days | 221.26 | over 95.01 |
Based on a normal probability distribution, the odds of Fabrinet to stay above $ 221.26 in 90 days from now is over 95.01 (This Fabrinet probability density function shows the probability of Fabrinet Stock to fall within a particular range of prices over 90 days) . Probability of Fabrinet price to stay between $ 221.26 and its current price of $224.15 at the end of the 90-day period is roughly 2.9 .
Allowing for the 90-day total investment horizon Fabrinet has a beta of -0.32. This usually indicates as returns on the benchmark increase, returns on holding Fabrinet are expected to decrease at a much lower rate. During a bear market, however, Fabrinet is likely to outperform the market. Additionally Fabrinet has an alpha of 0.0108, implying that it can generate a 0.0108 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Fabrinet Price Density |
| Price |
Predictive Modules for Fabrinet
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Fabrinet. 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.Fabrinet Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Fabrinet is not an exception. The market had few large corrections towards the Fabrinet'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 Fabrinet, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Fabrinet within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.01 | |
β | Beta against Dow Jones | -0.32 | |
σ | Overall volatility | 12.38 | |
Ir | Information ratio | -0.01 |
Fabrinet 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 Fabrinet for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Fabrinet can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Fabrinet generated a negative expected return over the last 90 days | |
| Fabrinet has high historical volatility and very poor performance | |
| Fabrinet has a strong financial position based on the latest SEC filings | |
| Over 100.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: Fabrinet Shares Purchased by Franklin Resources Inc. - MarketBeat |
Fabrinet 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 Fabrinet Stock often depends not only on the future outlook of the current and potential Fabrinet'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. Fabrinet's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 36.6 M | |
| Cash And Short Term Investments | 858.6 M |
Fabrinet Technical Analysis
Fabrinet's future price can be derived by breaking down and analyzing its technical indicators over time. Fabrinet Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Fabrinet. In general, you should focus on analyzing Fabrinet Stock price patterns and their correlations with different microeconomic environments and drivers.
Fabrinet Predictive Forecast Models
Fabrinet's time-series forecasting models is one of many Fabrinet'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 Fabrinet'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 Fabrinet
Checking the ongoing alerts about Fabrinet for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Fabrinet help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Fabrinet generated a negative expected return over the last 90 days | |
| Fabrinet has high historical volatility and very poor performance | |
| Fabrinet has a strong financial position based on the latest SEC filings | |
| Over 100.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: Fabrinet Shares Purchased by Franklin Resources Inc. - MarketBeat |
Check out Fabrinet Backtesting, Fabrinet Valuation, Fabrinet Correlation, Fabrinet Hype Analysis, Fabrinet Volatility, Fabrinet History as well as Fabrinet Performance. To learn how to invest in Fabrinet Stock, please use our How to Invest in Fabrinet guide.You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Is Electronic Equipment, Instruments & Components 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 Fabrinet. If investors know Fabrinet 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 Fabrinet 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 0.197 | Earnings Share 8.45 | Revenue Per Share 82.845 | Quarterly Revenue Growth 0.173 | Return On Assets 0.0818 |
The market value of Fabrinet is measured differently than its book value, which is the value of Fabrinet that is recorded on the company's balance sheet. Investors also form their own opinion of Fabrinet's value that differs from its market value or its book value, called intrinsic value, which is Fabrinet'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 Fabrinet's market value can be influenced by many factors that don't directly affect Fabrinet'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 Fabrinet's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fabrinet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fabrinet'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.