Ww Grainger Stock Probability of Future Stock Price Finishing Under 696.04
| GWW Stock | USD 1,093 11.41 1.05% |
GWW |
WW Grainger Target Price Odds to finish below 696.04
The tendency of GWW 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 $ 696.04 or more in 90 days |
| 1,093 | 90 days | 696.04 | near 1 |
Based on a normal probability distribution, the odds of WW Grainger to drop to $ 696.04 or more in 90 days from now is near 1 (This WW Grainger probability density function shows the probability of GWW Stock to fall within a particular range of prices over 90 days) . Probability of WW Grainger price to stay between $ 696.04 and its current price of $1092.96 at the end of the 90-day period is about 33.84 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.41 . This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, WW Grainger will likely underperform. Additionally WW Grainger has an alpha of 0.0614, implying that it can generate a 0.0614 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). WW Grainger Price Density |
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Predictive Modules for WW Grainger
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as WW Grainger. 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 WW Grainger'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.
WW Grainger Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. WW Grainger is not an exception. The market had few large corrections towards the WW Grainger'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 WW Grainger, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of WW Grainger within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.06 | |
β | Beta against Dow Jones | 1.41 | |
σ | Overall volatility | 64.59 | |
Ir | Information ratio | 0.05 |
WW Grainger 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 WW Grainger for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for WW Grainger can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| WW Grainger has a poor financial position based on the latest SEC disclosures | |
| About 74.0% of the company shares are owned by institutional investors | |
| Latest headline from kalkinemedia.com: W.W. Grainger Analyst Insights and Performance Overview |
WW Grainger 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 GWW Stock often depends not only on the future outlook of the current and potential WW Grainger'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. WW Grainger's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 50.1 M | |
| Cash And Short Term Investments | 660 M |
WW Grainger Technical Analysis
WW Grainger's future price can be derived by breaking down and analyzing its technical indicators over time. GWW Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of WW Grainger. In general, you should focus on analyzing GWW Stock price patterns and their correlations with different microeconomic environments and drivers.
WW Grainger Predictive Forecast Models
WW Grainger's time-series forecasting models is one of many WW Grainger'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 WW Grainger'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 WW Grainger
Checking the ongoing alerts about WW Grainger for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for WW Grainger help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| WW Grainger has a poor financial position based on the latest SEC disclosures | |
| About 74.0% of the company shares are owned by institutional investors | |
| Latest headline from kalkinemedia.com: W.W. Grainger Analyst Insights and Performance Overview |
Additional Tools for GWW Stock Analysis
When running WW Grainger's price analysis, check to measure WW Grainger's 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 WW Grainger is operating at the current time. Most of WW Grainger's value examination focuses on studying past and present price action to predict the probability of WW Grainger's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move WW Grainger's price. Additionally, you may evaluate how the addition of WW Grainger to your portfolios can decrease your overall portfolio volatility.