Stryker Stock Odds of Future Stock Price Finishing Over 221.54

SYK Stock  USD 357.87  0.84  0.23%   
Stryker's implied volatility is one of the determining factors in the pricing options written on Stryker. Implied volatility approximates the future value of Stryker based on the option's current value. Options with high implied volatility have higher premiums and can be used to hedge the downside of investing in Stryker over a specific time period. For example, 2024-04-19 CALL at $360.0 is a CALL option contract on Stryker's common stock with a strick price of 360.0 expiring on 2024-04-19. The contract was last traded on 2024-03-28 at 15:32:27 for $5.5 and, as of today, has 21 days remaining before the expiration. The option is currently trading at a bid price of $4.8, and an ask price of $5.3. The implied volatility as of the 28th of March is 16.44. View All Stryker options

Closest to current price Stryker long CALL Option Payoff at Expiration

Stryker's future price is the expected price of Stryker instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Stryker performance during a given time horizon utilizing its historical volatility. Check out Stryker Backtesting, Stryker Valuation, Stryker Correlation, Stryker Hype Analysis, Stryker Volatility, Stryker History as well as Stryker Performance.
For more information on how to buy Stryker Stock please use our How to buy in Stryker Stock guide.
  
At this time, Stryker's Price Earnings Ratio is quite stable compared to the past year. Price Book Value Ratio is expected to rise to 6.37 this year, although the value of Price To Operating Cash Flows Ratio will most likely fall to 28.70. Please specify Stryker's target price for which you would like Stryker odds to be computed.

Stryker Target Price Odds to finish over 221.54

The tendency of Stryker 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 PriceHorizonTarget PriceOdds to stay above $ 221.54  in 90 days
 357.87 90 days 221.54 
close to 99
Based on a normal probability distribution, the odds of Stryker to stay above $ 221.54  in 90 days from now is close to 99 (This Stryker probability density function shows the probability of Stryker Stock to fall within a particular range of prices over 90 days) . Probability of Stryker price to stay between $ 221.54  and its current price of $357.87 at the end of the 90-day period is about 86.59 .
Considering the 90-day investment horizon Stryker has a beta of 0.34. This usually implies as returns on the market go up, Stryker average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Stryker will be expected to be much smaller as well. Additionally Stryker has an alpha of 0.2421, implying that it can generate a 0.24 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
   Stryker Price Density   
       Price  

Predictive Modules for Stryker

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Stryker. 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 Stryker'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.
Hype
Prediction
LowEstimatedHigh
356.71357.87359.03
Details
Intrinsic
Valuation
LowRealHigh
322.08403.48404.64
Details
Naive
Forecast
LowNextHigh
357.56358.72359.88
Details
30 Analysts
Consensus
LowTargetHigh
288.55317.09351.97
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Stryker. Your research has to be compared to or analyzed against Stryker's peers to derive any actionable benefits. When done correctly, Stryker's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Stryker.

Stryker Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Stryker is not an exception. The market had few large corrections towards the Stryker'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 Stryker, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Stryker within the framework of very fundamental risk indicators.
α
Alpha over NYSE Composite
0.24
β
Beta against NYSE Composite0.34
σ
Overall volatility
22.61
Ir
Information ratio 0.14

Stryker 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 Stryker for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Stryker can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Over 79.0% of the company shares are owned by institutional investors
On 31st of January 2024 Stryker paid $ 0.8 per share dividend to its current shareholders
Latest headline from finance.yahoo.com: Walgreens Boots Q2 Earnings Top Estimates, EPS View Down

Stryker 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 Stryker Stock often depends not only on the future outlook of the current and potential Stryker'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. Stryker's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding383.7 M
Cash And Short Term Investments3.1 B

Stryker Technical Analysis

Stryker's future price can be derived by breaking down and analyzing its technical indicators over time. Stryker Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Stryker. In general, you should focus on analyzing Stryker Stock price patterns and their correlations with different microeconomic environments and drivers.

Stryker Predictive Forecast Models

Stryker's time-series forecasting models is one of many Stryker'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 Stryker'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 Stryker

Checking the ongoing alerts about Stryker for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Stryker help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Over 79.0% of the company shares are owned by institutional investors
On 31st of January 2024 Stryker paid $ 0.8 per share dividend to its current shareholders
Latest headline from finance.yahoo.com: Walgreens Boots Q2 Earnings Top Estimates, EPS View Down
When determining whether Stryker is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Stryker Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Stryker Stock. Highlighted below are key reports to facilitate an investment decision about Stryker Stock:
Check out Stryker Backtesting, Stryker Valuation, Stryker Correlation, Stryker Hype Analysis, Stryker Volatility, Stryker History as well as Stryker Performance.
For more information on how to buy Stryker Stock please use our How to buy in Stryker Stock guide.
You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

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When running Stryker's price analysis, check to measure Stryker'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 Stryker is operating at the current time. Most of Stryker's value examination focuses on studying past and present price action to predict the probability of Stryker's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Stryker's price. Additionally, you may evaluate how the addition of Stryker to your portfolios can decrease your overall portfolio volatility.
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Is Stryker'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 Stryker. If investors know Stryker 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 Stryker 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
1.027
Dividend Share
3.05
Earnings Share
8.25
Revenue Per Share
53.999
Quarterly Revenue Growth
0.118
The market value of Stryker is measured differently than its book value, which is the value of Stryker that is recorded on the company's balance sheet. Investors also form their own opinion of Stryker's value that differs from its market value or its book value, called intrinsic value, which is Stryker'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 Stryker's market value can be influenced by many factors that don't directly affect Stryker'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 Stryker's value and its price as these two are different measures arrived at by different means. Investors typically determine if Stryker is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Stryker'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.