Construction Partners Stock Probability of Future Stock Price Finishing Under 59.60
| ROAD Stock | USD 91.87 2.44 2.73% |
Construction |
Construction Partners Target Price Odds to finish below 59.60
The tendency of Construction 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 $ 59.60 or more in 90 days |
| 91.87 | 90 days | 59.60 | about 1.62 |
Based on a normal probability distribution, the odds of Construction Partners to drop to $ 59.60 or more in 90 days from now is about 1.62 (This Construction Partners probability density function shows the probability of Construction Stock to fall within a particular range of prices over 90 days) . Probability of Construction Partners price to stay between $ 59.60 and its current price of $91.87 at the end of the 90-day period is about 72.01 .
Given the investment horizon of 90 days Construction Partners has a beta of 0.69 indicating as returns on the market go up, Construction Partners average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Construction Partners will be expected to be much smaller as well. Additionally Construction Partners has an alpha of 0.4056, implying that it can generate a 0.41 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Construction Partners Price Density |
| Price |
Predictive Modules for Construction Partners
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Construction Partners. 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.Construction Partners Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Construction Partners is not an exception. The market had few large corrections towards the Construction Partners' 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 Construction Partners, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Construction Partners within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.41 | |
β | Beta against Dow Jones | 0.69 | |
σ | Overall volatility | 11.65 | |
Ir | Information ratio | 0.12 |
Construction Partners 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 Construction Partners for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Construction Partners can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Construction Partners had very high historical volatility over the last 90 days | |
| Construction Partners has a strong financial position based on the latest SEC filings | |
| Over 97.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Insider Sell Todd Andrews Sells Shares of Construction Partners Inc |
Construction Partners 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 Construction Stock often depends not only on the future outlook of the current and potential Construction Partners' 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. Construction Partners' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 52.6 M | |
| Cash And Short Term Investments | 74.7 M |
Construction Partners Technical Analysis
Construction Partners' future price can be derived by breaking down and analyzing its technical indicators over time. Construction Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Construction Partners. In general, you should focus on analyzing Construction Stock price patterns and their correlations with different microeconomic environments and drivers.
Construction Partners Predictive Forecast Models
Construction Partners' time-series forecasting models is one of many Construction Partners' 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 Construction Partners' 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 Construction Partners
Checking the ongoing alerts about Construction Partners for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Construction Partners help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Construction Partners had very high historical volatility over the last 90 days | |
| Construction Partners has a strong financial position based on the latest SEC filings | |
| Over 97.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Insider Sell Todd Andrews Sells Shares of Construction Partners Inc |
Check out Construction Partners Backtesting, Construction Partners Valuation, Construction Partners Correlation, Construction Partners Hype Analysis, Construction Partners Volatility, Construction Partners History as well as Construction Partners Performance. For information on how to trade Construction Stock refer to our How to Trade Construction Stock guide.You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Is Construction & Engineering 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 Construction Partners. If investors know Construction 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 Construction Partners 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 0.439 | Earnings Share 1.31 | Revenue Per Share 33.93 | Quarterly Revenue Growth 0.227 | Return On Assets 0.0552 |
The market value of Construction Partners is measured differently than its book value, which is the value of Construction that is recorded on the company's balance sheet. Investors also form their own opinion of Construction Partners' value that differs from its market value or its book value, called intrinsic value, which is Construction Partners' 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 Construction Partners' market value can be influenced by many factors that don't directly affect Construction Partners' 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 Construction Partners' value and its price as these two are different measures arrived at by different means. Investors typically determine if Construction Partners is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Construction Partners' 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.