Colfax Chance of Future Stock Price Finishing Over 66.72
| CFXDelisted Stock | USD 66.72 0.24 0.36% |
Colfax |
Colfax Target Price Odds to finish over 66.72
The tendency of Colfax 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 move above the current price in 90 days |
| 66.72 | 90 days | 66.72 | about 29.75 |
Based on a normal probability distribution, the odds of Colfax to move above the current price in 90 days from now is about 29.75 (This Colfax probability density function shows the probability of Colfax Stock to fall within a particular range of prices over 90 days) .
Considering the 90-day investment horizon Colfax has a beta of 0.056 suggesting as returns on the market go up, Colfax average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Colfax will be expected to be much smaller as well. Additionally Colfax has an alpha of 0.0069, implying that it can generate a 0.006865 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Colfax Price Density |
| Price |
Predictive Modules for Colfax
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Colfax. 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 Colfax'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.
Colfax Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Colfax is not an exception. The market had few large corrections towards the Colfax'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 Colfax, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Colfax within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.01 | |
β | Beta against NYSE Composite | 0.06 | |
σ | Overall volatility | 2.05 | |
Ir | Information ratio | -0.03 |
Colfax 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 Colfax for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Colfax can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Colfax is not yet fully synchronised with the market data | |
| Colfax has a very high chance of going through financial distress in the upcoming years | |
| Over 98.0% of the company shares are held by institutions such as insurance companies |
Colfax 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 Colfax Stock often depends not only on the future outlook of the current and potential Colfax'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. Colfax's indicators that are reflective of the short sentiment are summarized in the table below.
| Shares Percent Shares Out | 5.60% | |
| Short Percent Of Float | 6.79% | |
| Float Shares | 137.58M | |
| Shares Short Prior Month | 8.13M | |
| Average Daily Volume Last 10 Day | 1.25M | |
| Average Daily Volume In Three Month | 1.4M | |
| Date Short Interest | 15th of December 2021 |
Colfax Technical Analysis
Colfax's future price can be derived by breaking down and analyzing its technical indicators over time. Colfax Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Colfax. In general, you should focus on analyzing Colfax Stock price patterns and their correlations with different microeconomic environments and drivers.
Colfax Predictive Forecast Models
Colfax's time-series forecasting models is one of many Colfax'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 Colfax'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 Colfax
Checking the ongoing alerts about Colfax for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Colfax help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Colfax is not yet fully synchronised with the market data | |
| Colfax has a very high chance of going through financial distress in the upcoming years | |
| Over 98.0% of the company shares are held by institutions such as insurance companies |
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. Note that the Colfax information on this page should be used as a complementary analysis to other Colfax's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Other Consideration for investing in Colfax Stock
If you are still planning to invest in Colfax check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Colfax's history and understand the potential risks before investing.
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