North American Construction Stock Probability of Future Stock Price Finishing Under 19.07
| NOA Stock | USD 20.27 0.16 0.78% |
North |
North American Target Price Odds to finish below 19.07
The tendency of North 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 $ 19.07 or more in 90 days |
| 20.27 | 90 days | 19.07 | about 43.74 |
Based on a normal probability distribution, the odds of North American to drop to $ 19.07 or more in 90 days from now is about 43.74 (This North American Construction probability density function shows the probability of North Stock to fall within a particular range of prices over 90 days) . Probability of North American Const price to stay between $ 19.07 and its current price of $20.27 at the end of the 90-day period is about 33.8 .
Considering the 90-day investment horizon North American has a beta of 0.0482. This indicates as returns on the market go up, North American average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding North American Construction will be expected to be much smaller as well. Additionally North American Construction has an alpha of 0.1501, implying that it can generate a 0.15 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). North American Price Density |
| Price |
Predictive Modules for North American
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as North American Const. 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.North American Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. North American is not an exception. The market had few large corrections towards the North American'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 North American Construction, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of North American within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.15 | |
β | Beta against Dow Jones | 0.05 | |
σ | Overall volatility | 1.31 | |
Ir | Information ratio | 0.05 |
North American 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 North American for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for North American Const can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Over 79.0% of the company shares are owned by institutional investors | |
| Latest headline from zacks.com: North American Construction Boosts Backlog With Australian Project |
North American 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 North Stock often depends not only on the future outlook of the current and potential North American'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. North American's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 33 M | |
| Cash And Short Term Investments | 88.6 M |
North American Technical Analysis
North American's future price can be derived by breaking down and analyzing its technical indicators over time. North Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of North American Construction. In general, you should focus on analyzing North Stock price patterns and their correlations with different microeconomic environments and drivers.
North American Predictive Forecast Models
North American's time-series forecasting models is one of many North American'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 North American'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 North American Const
Checking the ongoing alerts about North American for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for North American Const help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Over 79.0% of the company shares are owned by institutional investors | |
| Latest headline from zacks.com: North American Construction Boosts Backlog With Australian Project |
Check out North American Backtesting, North American Valuation, North American Correlation, North American Hype Analysis, North American Volatility, North American History as well as North American Performance. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Is Oil & Gas Equipment & Services 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 North American. If investors know North 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 North American 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 0.196 | Dividend Share 0.4 | Earnings Share 1.33 | Revenue Per Share 44.139 | Quarterly Revenue Growth 0.457 |
The market value of North American Const is measured differently than its book value, which is the value of North that is recorded on the company's balance sheet. Investors also form their own opinion of North American's value that differs from its market value or its book value, called intrinsic value, which is North American'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 North American's market value can be influenced by many factors that don't directly affect North American'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 North American's value and its price as these two are different measures arrived at by different means. Investors typically determine if North American is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, North American'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.