Klx Energy Services Stock Probability of Future Stock Price Finishing Over 27.21
| KLXE Stock | USD 4.98 0.09 1.78% |
KLX |
KLX Energy Target Price Odds to finish over 27.21
The tendency of KLX 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 move over $ 27.21 or more in 90 days |
| 4.98 | 90 days | 27.21 | close to zero percent |
Based on a normal probability distribution, the odds of KLX Energy to move over $ 27.21 or more in 90 days from now is close to zero percent (This KLX Energy Services probability density function shows the probability of KLX Stock to fall within a particular range of prices over 90 days) . Probability of KLX Energy Services price to stay between its current price of $ 4.98 and $ 27.21 at the end of the 90-day period is about 64.69 .
Given the investment horizon of 90 days KLX Energy Services has a beta of -0.11. This indicates as returns on the benchmark increase, returns on holding KLX Energy are expected to decrease at a much lower rate. During a bear market, however, KLX Energy Services is likely to outperform the market. Additionally KLX Energy Services has an alpha of 0.0039, implying that it can generate a 0.003879 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). KLX Energy Price Density |
| Price |
Predictive Modules for KLX Energy
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as KLX Energy Services. 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 KLX Energy'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.
KLX Energy Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. KLX Energy is not an exception. The market had few large corrections towards the KLX Energy'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 KLX Energy Services, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of KLX Energy within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0 | |
β | Beta against Dow Jones | -0.11 | |
σ | Overall volatility | 0.61 | |
Ir | Information ratio | 0.0006 |
KLX Energy 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 KLX Energy for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for KLX Energy Services can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| KLX Energy Services generated a negative expected return over the last 90 days | |
| KLX Energy Services has high historical volatility and very poor performance | |
| Latest headline from zacks.com: Shells STCBL to be Acquired by Touchstone for 23 Million |
KLX Energy 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 KLX Stock often depends not only on the future outlook of the current and potential KLX Energy'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. KLX Energy's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 15.7 M | |
| Cash And Short Term Investments | 112.5 M |
KLX Energy Technical Analysis
KLX Energy's future price can be derived by breaking down and analyzing its technical indicators over time. KLX Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of KLX Energy Services. In general, you should focus on analyzing KLX Stock price patterns and their correlations with different microeconomic environments and drivers.