Honeywell International Stock Probability of Future Stock Price Finishing Under 206.98
| HON Stock | USD 229.08 3.99 1.77% |
Honeywell |
Honeywell International Target Price Odds to finish below 206.98
The tendency of Honeywell 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 $ 206.98 or more in 90 days |
| 229.08 | 90 days | 206.98 | about 23.96 |
Based on a normal probability distribution, the odds of Honeywell International to drop to $ 206.98 or more in 90 days from now is about 23.96 (This Honeywell International probability density function shows the probability of Honeywell Stock to fall within a particular range of prices over 90 days) . Probability of Honeywell International price to stay between $ 206.98 and its current price of $229.08 at the end of the 90-day period is about 65.99 .
Considering the 90-day investment horizon Honeywell International has a beta of 0.84. This usually indicates as returns on the market go up, Honeywell International average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Honeywell International will be expected to be much smaller as well. Additionally Honeywell International has an alpha of 0.1067, implying that it can generate a 0.11 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Honeywell International Price Density |
| Price |
Predictive Modules for Honeywell International
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Honeywell International. 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.Honeywell International Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Honeywell International is not an exception. The market had few large corrections towards the Honeywell International'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 Honeywell International, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Honeywell International within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.11 | |
β | Beta against Dow Jones | 0.84 | |
σ | Overall volatility | 11.10 | |
Ir | Information ratio | 0.07 |
Honeywell International 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 Honeywell International for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Honeywell International can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Honeywell International is unlikely to experience financial distress in the next 2 years | |
| Over 81.0% of the company shares are owned by institutional investors | |
| On 6th of December 2024 Honeywell International paid $ 1.13 per share dividend to its current shareholders | |
| Latest headline from engadget.com: Disposition of 4034 shares by West Kenneth J of Honeywell International at 194.31 subject to Rule 16b-3 |
Honeywell International 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 Honeywell Stock often depends not only on the future outlook of the current and potential Honeywell International'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. Honeywell International's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 668.2 M | |
| Cash And Short Term Investments | 8.1 B |
Honeywell International Technical Analysis
Honeywell International's future price can be derived by breaking down and analyzing its technical indicators over time. Honeywell Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Honeywell International. In general, you should focus on analyzing Honeywell Stock price patterns and their correlations with different microeconomic environments and drivers.
Honeywell International Predictive Forecast Models
Honeywell International's time-series forecasting models is one of many Honeywell International'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 Honeywell International'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 Honeywell International
Checking the ongoing alerts about Honeywell International for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Honeywell International help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Honeywell International is unlikely to experience financial distress in the next 2 years | |
| Over 81.0% of the company shares are owned by institutional investors | |
| On 6th of December 2024 Honeywell International paid $ 1.13 per share dividend to its current shareholders | |
| Latest headline from engadget.com: Disposition of 4034 shares by West Kenneth J of Honeywell International at 194.31 subject to Rule 16b-3 |
Check out Honeywell International Backtesting, Honeywell International Valuation, Honeywell International Correlation, Honeywell International Hype Analysis, Honeywell International Volatility, Honeywell International History as well as Honeywell International Performance. To learn how to invest in Honeywell Stock, please use our How to Invest in Honeywell International guide.You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Is Industrial Conglomerates 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 Honeywell International. If investors know Honeywell 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 Honeywell International 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 (0.05) | Dividend Share 4.32 | Earnings Share 8.67 | Revenue Per Share 58.021 | Quarterly Revenue Growth 0.056 |
The market value of Honeywell International is measured differently than its book value, which is the value of Honeywell that is recorded on the company's balance sheet. Investors also form their own opinion of Honeywell International's value that differs from its market value or its book value, called intrinsic value, which is Honeywell International'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 Honeywell International's market value can be influenced by many factors that don't directly affect Honeywell International'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 Honeywell International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Honeywell International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Honeywell International'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.