Carpenter Technology Stock Price Prediction
| CRS Stock | USD 196.14 1.05 0.54% |
Oversold Vs Overbought
64
Oversold | Overbought |
Quarterly Earnings Growth 0.898 | EPS Estimate Next Quarter 1.49 | EPS Estimate Current Year 4.47 | EPS Estimate Next Year 5.86 | Wall Street Target Price 184.5 |
Using Carpenter Technology hype-based prediction, you can estimate the value of Carpenter Technology from the perspective of Carpenter Technology response to recently generated media hype and the effects of current headlines on its competitors.
Carpenter Technology Hype to Price Pattern
Investor biases related to Carpenter Technology's public news can be used to forecast risks associated with an investment in Carpenter. The trend in average sentiment can be used to explain how an investor holding Carpenter can time the market purely based on public headlines and social activities around Carpenter Technology. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of Carpenter Technology's market sentiment to its price can help taders to make decisions based on the overall investors consensus about Carpenter Technology.
The fear of missing out, i.e., FOMO, can cause potential investors in Carpenter Technology to buy its stock at a price that has no basis in reality. In that case, they are not buying Carpenter because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
Carpenter Technology after-hype prediction price | USD 200.28 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Carpenter |
Carpenter Technology After-Hype Price Prediction Density Analysis
As far as predicting the price of Carpenter Technology at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Carpenter Technology or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Carpenter Technology, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Carpenter Technology Estimiated After-Hype Price Volatility
In the context of predicting Carpenter Technology's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Carpenter Technology's historical news coverage. Carpenter Technology's after-hype downside and upside margins for the prediction period are 176.53 and 203.10, respectively. We have considered Carpenter Technology's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Carpenter Technology is very steady at this time. Analysis and calculation of next after-hype price of Carpenter Technology is based on 3 months time horizon.
Carpenter Technology Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as Carpenter Technology is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Carpenter Technology backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Carpenter Technology, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.51 | 2.82 | 4.14 | 0.24 | 9 Events / Month | 6 Events / Month | In about 9 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
196.14 | 200.28 | 2.11 |
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Carpenter Technology Hype Timeline
On the 28th of November Carpenter Technology is traded for 196.14. The entity has historical hype elasticity of 4.14, and average elasticity to hype of competition of -0.24. Carpenter is projected to increase in value after the next headline, with the price projected to jump to 200.28 or above. The average volatility of media hype impact on the company the price is about 34.77%. The price appreciation on the next news is projected to be 2.11%, whereas the daily expected return is currently at 0.51%. The volatility of related hype on Carpenter Technology is about 606.45%, with the expected price after the next announcement by competition of 195.90. Carpenter Technology has 741.4 M in debt with debt to equity (D/E) ratio of 0.57, which is OK given its current industry classification. Considering the 90-day investment horizon the next projected press release will be in about 9 days. Check out Carpenter Technology Basic Forecasting Models to cross-verify your projections.Carpenter Technology Related Hype Analysis
Having access to credible news sources related to Carpenter Technology's direct competition is more important than ever and may enhance your ability to predict Carpenter Technology's future price movements. Getting to know how Carpenter Technology's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Carpenter Technology may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| WOR | Worthington Industries | (0.63) | 7 per month | 0.00 | (0.13) | 2.60 | (4.76) | 13.44 | |
| HAYN | Haynes International | (0.22) | 8 per month | 0.24 | (0.29) | 0.64 | (0.43) | 1.98 | |
| ESAB | ESAB Corp | (1.76) | 9 per month | 1.41 | 0.10 | 3.42 | (2.26) | 15.01 | |
| IIIN | Insteel Industries | (0.44) | 8 per month | 0.00 | (0.12) | 3.00 | (4.52) | 11.16 | |
| NWPX | Northwest Pipe | 0.31 | 10 per month | 1.08 | 0.10 | 3.47 | (1.99) | 12.92 | |
| GIFI | Gulf Island Fabrication | 0.06 | 9 per month | 1.86 | 0.07 | 7.10 | (3.56) | 21.05 | |
| MLI | Mueller Industries | (1.42) | 10 per month | 1.92 | 0.05 | 2.93 | (2.62) | 20.61 | |
| MEC | Mayville Engineering Co | 0.38 | 7 per month | 0.00 | (0.1) | 4.55 | (2.95) | 25.65 |
Carpenter Technology Additional Predictive Modules
Most predictive techniques to examine Carpenter price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Carpenter using various technical indicators. When you analyze Carpenter charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
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| Statistic Functions | ||
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| Volume Indicators |
About Carpenter Technology Predictive Indicators
The successful prediction of Carpenter Technology stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Carpenter Technology, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Carpenter Technology based on analysis of Carpenter Technology hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Carpenter Technology's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Carpenter Technology's related companies. | 2021 | 2023 | 2024 (projected) | Dividend Yield | 0.029 | 0.007524 | 0.007148 | Price To Sales Ratio | 0.74 | 1.93 | 2.02 |
Story Coverage note for Carpenter Technology
The number of cover stories for Carpenter Technology depends on current market conditions and Carpenter Technology's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Carpenter Technology is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Carpenter Technology's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Carpenter Technology Short Properties
Carpenter Technology's future price predictability will typically decrease when Carpenter Technology's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Carpenter Technology often depends not only on the future outlook of the potential Carpenter Technology'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. Carpenter Technology's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 50.3 M | |
| Cash And Short Term Investments | 199.1 M |
Additional Tools for Carpenter Stock Analysis
When running Carpenter Technology's price analysis, check to measure Carpenter Technology'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 Carpenter Technology is operating at the current time. Most of Carpenter Technology's value examination focuses on studying past and present price action to predict the probability of Carpenter Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Carpenter Technology's price. Additionally, you may evaluate how the addition of Carpenter Technology to your portfolios can decrease your overall portfolio volatility.