Unifirst Stock Odds of Future Stock Price Finishing Under 158.51
| UNF Stock | USD 157.08 4.39 2.72% |
Closest to current price Unifirst long CALL Option Payoff at Expiration
Unifirst |
Unifirst Target Price Odds to finish below 158.51
The tendency of Unifirst 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 stay under $ 158.51 after 90 days |
| 157.08 | 90 days | 158.51 | under 4 |
Based on a normal probability distribution, the odds of Unifirst to stay under $ 158.51 after 90 days from now is under 4 (This Unifirst probability density function shows the probability of Unifirst Stock to fall within a particular range of prices over 90 days) . Probability of Unifirst price to stay between its current price of $ 157.08 and $ 158.51 at the end of the 90-day period is about 1.74 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.58 . This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Unifirst will likely underperform. Additionally Unifirst has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Unifirst Price Density |
| Price |
Predictive Modules for Unifirst
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Unifirst. 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 Unifirst'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.
Unifirst Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Unifirst is not an exception. The market had few large corrections towards the Unifirst'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 Unifirst, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Unifirst within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.22 | |
β | Beta against NYSE Composite | 1.58 | |
σ | Overall volatility | 4.79 | |
Ir | Information ratio | -0.12 |
Unifirst 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 Unifirst for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Unifirst can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Unifirst generated a negative expected return over the last 90 days | |
| Unifirst has a strong financial position based on the latest SEC filings | |
| Over 99.0% of the company outstanding shares are owned by institutional investors | |
| Latest headline from simplywall.st: UniFirst Corporations Share Price Matching Investor Opinion |
Unifirst 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 Unifirst Stock often depends not only on the future outlook of the current and potential Unifirst'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. Unifirst's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 18.8 M | |
| Cash And Short Term Investments | 89.6 M |
Unifirst Technical Analysis
Unifirst's future price can be derived by breaking down and analyzing its technical indicators over time. Unifirst Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Unifirst. In general, you should focus on analyzing Unifirst Stock price patterns and their correlations with different microeconomic environments and drivers.
Unifirst Predictive Forecast Models
Unifirst's time-series forecasting models is one of many Unifirst'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 Unifirst'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 Unifirst
Checking the ongoing alerts about Unifirst for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Unifirst help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Unifirst generated a negative expected return over the last 90 days | |
| Unifirst has a strong financial position based on the latest SEC filings | |
| Over 99.0% of the company outstanding shares are owned by institutional investors | |
| Latest headline from simplywall.st: UniFirst Corporations Share Price Matching Investor Opinion |
Check out Unifirst Backtesting, Unifirst Valuation, Unifirst Correlation, Unifirst Hype Analysis, Unifirst Volatility, Unifirst History as well as Unifirst Performance. For more detail on how to invest in Unifirst Stock please use our How to Invest in Unifirst guide.You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Complementary Tools for Unifirst Stock analysis
When running Unifirst's price analysis, check to measure Unifirst'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 Unifirst is operating at the current time. Most of Unifirst's value examination focuses on studying past and present price action to predict the probability of Unifirst's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Unifirst's price. Additionally, you may evaluate how the addition of Unifirst to your portfolios can decrease your overall portfolio volatility.
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Is Unifirst's 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 Unifirst. If investors know Unifirst 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 Unifirst 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 0.147 | Dividend Share 1.28 | Earnings Share 6.12 | Revenue Per Share 124.742 | Quarterly Revenue Growth 0.088 |
The market value of Unifirst is measured differently than its book value, which is the value of Unifirst that is recorded on the company's balance sheet. Investors also form their own opinion of Unifirst's value that differs from its market value or its book value, called intrinsic value, which is Unifirst's 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 Unifirst's market value can be influenced by many factors that don't directly affect Unifirst's 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 Unifirst's value and its price as these two are different measures arrived at by different means. Investors typically determine if Unifirst is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Unifirst's 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.