Nucor Corp Stock Probability of Future Stock Price Finishing Under 109.34
| NUE Stock | USD 117.28 1.36 1.15% |
Nucor |
Nucor Corp Target Price Odds to finish below 109.34
The tendency of Nucor 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 $ 109.34 or more in 90 days |
| 117.28 | 90 days | 109.34 | near 1 |
Based on a normal probability distribution, the odds of Nucor Corp to drop to $ 109.34 or more in 90 days from now is near 1 (This Nucor Corp probability density function shows the probability of Nucor Stock to fall within a particular range of prices over 90 days) . Probability of Nucor Corp price to stay between $ 109.34 and its current price of $117.28 at the end of the 90-day period is about 1.13 .
Considering the 90-day investment horizon Nucor Corp has a beta of 0.62. This indicates as returns on the market go up, Nucor Corp average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Nucor Corp will be expected to be much smaller as well. Additionally Nucor Corp 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. Nucor Corp Price Density |
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Predictive Modules for Nucor Corp
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nucor Corp. 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 Nucor Corp'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.
Nucor Corp Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Nucor Corp is not an exception. The market had few large corrections towards the Nucor Corp'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 Nucor Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nucor Corp within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.34 | |
β | Beta against Dow Jones | 0.62 | |
σ | Overall volatility | 12.57 | |
Ir | Information ratio | -0.12 |
Nucor Corp 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 Nucor Corp for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Nucor Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Nucor Corp generated a negative expected return over the last 90 days | |
| Over 79.0% of the company shares are owned by institutional investors | |
| On 8th of November 2024 Nucor Corp paid $ 0.54 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: Are Options Traders Betting on a Big Move in Nucor Stock |
Nucor Corp 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 Nucor Stock often depends not only on the future outlook of the current and potential Nucor Corp'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. Nucor Corp's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 250.4 M | |
| Cash And Short Term Investments | 7.1 B |
Nucor Corp Technical Analysis
Nucor Corp's future price can be derived by breaking down and analyzing its technical indicators over time. Nucor Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nucor Corp. In general, you should focus on analyzing Nucor Stock price patterns and their correlations with different microeconomic environments and drivers.
Nucor Corp Predictive Forecast Models
Nucor Corp's time-series forecasting models is one of many Nucor Corp'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 Nucor Corp'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 Nucor Corp
Checking the ongoing alerts about Nucor Corp for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Nucor Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Nucor Corp generated a negative expected return over the last 90 days | |
| Over 79.0% of the company shares are owned by institutional investors | |
| On 8th of November 2024 Nucor Corp paid $ 0.54 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: Are Options Traders Betting on a Big Move in Nucor Stock |
Check out Nucor Corp Backtesting, Nucor Corp Valuation, Nucor Corp Correlation, Nucor Corp Hype Analysis, Nucor Corp Volatility, Nucor Corp History as well as Nucor Corp Performance. For information on how to trade Nucor Stock refer to our How to Trade Nucor Stock guide.You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Is Metals & Mining 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 Nucor Corp. If investors know Nucor 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 Nucor Corp 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 (0.77) | Dividend Share 2.16 | Earnings Share 10.39 | Revenue Per Share 129.875 | Quarterly Revenue Growth (0.15) |
The market value of Nucor Corp is measured differently than its book value, which is the value of Nucor that is recorded on the company's balance sheet. Investors also form their own opinion of Nucor Corp's value that differs from its market value or its book value, called intrinsic value, which is Nucor Corp'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 Nucor Corp's market value can be influenced by many factors that don't directly affect Nucor Corp'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 Nucor Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nucor Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nucor Corp'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.