Key Tronic Stock Probability of Future Stock Price Finishing Under 4.07
| KTCC Stock | USD 4.17 0.10 2.34% |
Key |
Key Tronic Target Price Odds to finish below 4.07
The tendency of Key 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 $ 4.07 or more in 90 days |
| 4.17 | 90 days | 4.07 | about 1.35 |
Based on a normal probability distribution, the odds of Key Tronic to drop to $ 4.07 or more in 90 days from now is about 1.35 (This Key Tronic probability density function shows the probability of Key Stock to fall within a particular range of prices over 90 days) . Probability of Key Tronic price to stay between $ 4.07 and its current price of $4.17 at the end of the 90-day period is near 1 .
Given the investment horizon of 90 days Key Tronic has a beta of 0.28. This indicates as returns on the market go up, Key Tronic average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Key Tronic will be expected to be much smaller as well. Additionally Key Tronic has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Key Tronic Price Density |
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Predictive Modules for Key Tronic
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Key Tronic. 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 Key Tronic'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.
Key Tronic Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Key Tronic is not an exception. The market had few large corrections towards the Key Tronic'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 Key Tronic, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Key Tronic within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.5 | |
β | Beta against Dow Jones | 0.28 | |
σ | Overall volatility | 0.62 | |
Ir | Information ratio | -0.22 |
Key Tronic 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 Key Tronic for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Key Tronic can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Key Tronic generated a negative expected return over the last 90 days | |
| The company reported the previous year's revenue of 566.94 M. Net Loss for the year was (2.79 M) with profit before overhead, payroll, taxes, and interest of 47.47 M. | |
| Latest headline from news.google.com: KTCC - KEY Tronic Corp Latest Stock News Market Updates - StockTitan |
Key Tronic 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 Key Stock often depends not only on the future outlook of the current and potential Key Tronic'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. Key Tronic's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 10.8 M | |
| Cash And Short Term Investments | 4.8 M |
Key Tronic Technical Analysis
Key Tronic's future price can be derived by breaking down and analyzing its technical indicators over time. Key Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Key Tronic. In general, you should focus on analyzing Key Stock price patterns and their correlations with different microeconomic environments and drivers.