Odp Corp Stock Odds of Future Stock Price Finishing Under 19.89
| ODP Stock | USD 27.57 0.40 1.43% |
ODP |
ODP Corp Target Price Odds to finish below 19.89
The tendency of ODP 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 $ 19.89 or more in 90 days |
| 27.57 | 90 days | 19.89 | near 1 |
Based on a normal probability distribution, the odds of ODP Corp to drop to $ 19.89 or more in 90 days from now is near 1 (This ODP Corp probability density function shows the probability of ODP Stock to fall within a particular range of prices over 90 days) . Probability of ODP Corp price to stay between $ 19.89 and its current price of $27.57 at the end of the 90-day period is about 29.24 .
Considering the 90-day investment horizon ODP Corp has a beta of -0.75. This indicates as returns on the benchmark increase, returns on holding ODP Corp are expected to decrease at a much lower rate. During a bear market, however, ODP Corp is likely to outperform the market. Additionally ODP Corp has an alpha of 0.0456, implying that it can generate a 0.0456 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). ODP Corp Price Density |
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Predictive Modules for ODP 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 ODP 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 ODP 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.
ODP Corp Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. ODP Corp is not an exception. The market had few large corrections towards the ODP 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 ODP Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of ODP Corp within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.05 | |
β | Beta against Dow Jones | -0.75 | |
σ | Overall volatility | 2.07 | |
Ir | Information ratio | -0.04 |
ODP 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 ODP Corp for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for ODP 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.| ODP Corp generated a negative expected return over the last 90 days | |
| ODP Corp has a very strong financial position based on the latest SEC filings | |
| Over 96.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: ODP Stock Dips 5 percent Amidst Market Activity |
ODP 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 ODP Stock often depends not only on the future outlook of the current and potential ODP 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. ODP Corp's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 40 M | |
| Cash And Short Term Investments | 392 M |
ODP Corp Technical Analysis
ODP Corp's future price can be derived by breaking down and analyzing its technical indicators over time. ODP Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of ODP Corp. In general, you should focus on analyzing ODP Stock price patterns and their correlations with different microeconomic environments and drivers.
ODP Corp Predictive Forecast Models
ODP Corp's time-series forecasting models is one of many ODP 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 ODP 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 ODP Corp
Checking the ongoing alerts about ODP Corp for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for ODP Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| ODP Corp generated a negative expected return over the last 90 days | |
| ODP Corp has a very strong financial position based on the latest SEC filings | |
| Over 96.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: ODP Stock Dips 5 percent Amidst Market Activity |
Additional Tools for ODP Stock Analysis
When running ODP Corp's price analysis, check to measure ODP Corp'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 ODP Corp is operating at the current time. Most of ODP Corp's value examination focuses on studying past and present price action to predict the probability of ODP Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ODP Corp's price. Additionally, you may evaluate how the addition of ODP Corp to your portfolios can decrease your overall portfolio volatility.