Healthequity Stock Probability of Future Stock Price Finishing Under 81.19
| HQY Stock | USD 95.62 0.62 0.65% |
HealthEquity |
HealthEquity Target Price Odds to finish below 81.19
The tendency of HealthEquity 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 $ 81.19 or more in 90 days |
| 95.62 | 90 days | 81.19 | about 16.58 |
Based on a normal probability distribution, the odds of HealthEquity to drop to $ 81.19 or more in 90 days from now is about 16.58 (This HealthEquity probability density function shows the probability of HealthEquity Stock to fall within a particular range of prices over 90 days) . Probability of HealthEquity price to stay between $ 81.19 and its current price of $95.62 at the end of the 90-day period is about 56.05 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.74 . 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, HealthEquity will likely underperform. Additionally HealthEquity has an alpha of 0.193, implying that it can generate a 0.19 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). HealthEquity Price Density |
| Price |
Predictive Modules for HealthEquity
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as HealthEquity. 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.HealthEquity Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. HealthEquity is not an exception. The market had few large corrections towards the HealthEquity'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 HealthEquity, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of HealthEquity within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.19 | |
β | Beta against Dow Jones | 1.74 | |
σ | Overall volatility | 9.18 | |
Ir | Information ratio | 0.12 |
HealthEquity 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 HealthEquity for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for HealthEquity can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| HealthEquity has a strong financial position based on the latest SEC filings | |
| Over 98.0% of the company shares are owned by institutional investors | |
| Latest headline from MacroaxisInsider: Disposition of 5000 shares by Mccowan Debra Charlotte of HealthEquity at 95.56 subject to Rule 16b-3 |
HealthEquity 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 HealthEquity Stock often depends not only on the future outlook of the current and potential HealthEquity'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. HealthEquity's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 87 M | |
| Cash And Short Term Investments | 404 M |
HealthEquity Technical Analysis
HealthEquity's future price can be derived by breaking down and analyzing its technical indicators over time. HealthEquity Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of HealthEquity. In general, you should focus on analyzing HealthEquity Stock price patterns and their correlations with different microeconomic environments and drivers.
HealthEquity Predictive Forecast Models
HealthEquity's time-series forecasting models is one of many HealthEquity'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 HealthEquity'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 HealthEquity
Checking the ongoing alerts about HealthEquity for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for HealthEquity help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| HealthEquity has a strong financial position based on the latest SEC filings | |
| Over 98.0% of the company shares are owned by institutional investors | |
| Latest headline from MacroaxisInsider: Disposition of 5000 shares by Mccowan Debra Charlotte of HealthEquity at 95.56 subject to Rule 16b-3 |
Additional Tools for HealthEquity Stock Analysis
When running HealthEquity's price analysis, check to measure HealthEquity'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 HealthEquity is operating at the current time. Most of HealthEquity's value examination focuses on studying past and present price action to predict the probability of HealthEquity's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HealthEquity's price. Additionally, you may evaluate how the addition of HealthEquity to your portfolios can decrease your overall portfolio volatility.