Friedman Industries Stock Probability of Future Stock Price Finishing Over 19.46
| FRD Stock | USD 19.46 0.07 0.36% |
Friedman |
Friedman Industries Target Price Odds to finish over 19.46
The tendency of Friedman 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 |
| 19.46 | 90 days | 19.46 | about 5.89 |
Based on a normal probability distribution, the odds of Friedman Industries to move above the current price in 90 days from now is about 5.89 (This Friedman Industries probability density function shows the probability of Friedman Stock to fall within a particular range of prices over 90 days) .
Considering the 90-day investment horizon Friedman Industries has a beta of 0.2. This usually indicates as returns on the market go up, Friedman Industries average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Friedman Industries will be expected to be much smaller as well. Additionally Friedman Industries has an alpha of 0.2755, implying that it can generate a 0.28 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Friedman Industries Price Density |
| Price |
Predictive Modules for Friedman Industries
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Friedman Industries. 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 Friedman Industries' 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.
Friedman Industries Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Friedman Industries is not an exception. The market had few large corrections towards the Friedman Industries' 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 Friedman Industries, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Friedman Industries within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.28 | |
β | Beta against NYSE Composite | 0.20 | |
σ | Overall volatility | 0.94 | |
Ir | Information ratio | 0.09 |
Friedman Industries 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 Friedman Industries for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Friedman Industries can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Latest headline from MacroaxisInsider: Disposition of 12851 shares by Alex LaRue of Friedman Industries at 9.65 subject to Rule 16b-3 |
Friedman Industries 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 Friedman Stock often depends not only on the future outlook of the current and potential Friedman Industries' 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. Friedman Industries' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 7.2 M | |
| Cash And Short Term Investments | 3 M |
Friedman Industries Technical Analysis
Friedman Industries' future price can be derived by breaking down and analyzing its technical indicators over time. Friedman Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Friedman Industries. In general, you should focus on analyzing Friedman Stock price patterns and their correlations with different microeconomic environments and drivers.
Friedman Industries Predictive Forecast Models
Friedman Industries' time-series forecasting models is one of many Friedman Industries' 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 Friedman Industries' 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 Friedman Industries
Checking the ongoing alerts about Friedman Industries for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Friedman Industries help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Latest headline from MacroaxisInsider: Disposition of 12851 shares by Alex LaRue of Friedman Industries at 9.65 subject to Rule 16b-3 |
Check out Friedman Industries Backtesting, Friedman Industries Valuation, Friedman Industries Correlation, Friedman Industries Hype Analysis, Friedman Industries Volatility, Friedman Industries History as well as Friedman Industries Performance. For information on how to trade Friedman Stock refer to our How to Trade Friedman Stock guide.You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Complementary Tools for Friedman Stock analysis
When running Friedman Industries' price analysis, check to measure Friedman Industries' 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 Friedman Industries is operating at the current time. Most of Friedman Industries' value examination focuses on studying past and present price action to predict the probability of Friedman Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Friedman Industries' price. Additionally, you may evaluate how the addition of Friedman Industries to your portfolios can decrease your overall portfolio volatility.
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
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| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
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Is Friedman Industries' industry 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 Friedman Industries. If investors know Friedman 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 Friedman Industries 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 (0.33) | Dividend Share 0.08 | Earnings Share 2.54 | Revenue Per Share 69.861 | Quarterly Revenue Growth 1.802 |
The market value of Friedman Industries is measured differently than its book value, which is the value of Friedman that is recorded on the company's balance sheet. Investors also form their own opinion of Friedman Industries' value that differs from its market value or its book value, called intrinsic value, which is Friedman Industries' 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 Friedman Industries' market value can be influenced by many factors that don't directly affect Friedman Industries' 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 Friedman Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Friedman Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Friedman Industries' 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.