Mcgrath Rentcorp Stock Probability of Future Stock Price Finishing Over 119.46
| MGRC Stock | USD 119.46 0.54 0.45% |
McGrath |
McGrath RentCorp Target Price Odds to finish over 119.46
The tendency of McGrath 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 |
| 119.46 | 90 days | 119.46 | roughly 2.43 |
Based on a normal probability distribution, the odds of McGrath RentCorp to move above the current price in 90 days from now is roughly 2.43 (This McGrath RentCorp probability density function shows the probability of McGrath Stock to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days McGrath RentCorp has a beta of 0.81. This indicates as returns on the market go up, McGrath RentCorp average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding McGrath RentCorp will be expected to be much smaller as well. Additionally McGrath RentCorp has an alpha of 0.1109, implying that it can generate a 0.11 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). McGrath RentCorp Price Density |
| Price |
Predictive Modules for McGrath RentCorp
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as McGrath RentCorp. 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.McGrath RentCorp Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. McGrath RentCorp is not an exception. The market had few large corrections towards the McGrath RentCorp'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 McGrath RentCorp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of McGrath RentCorp within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.11 | |
β | Beta against Dow Jones | 0.81 | |
σ | Overall volatility | 5.89 | |
Ir | Information ratio | 0.04 |
McGrath RentCorp 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 McGrath RentCorp for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for McGrath RentCorp 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 86.0% of the company shares are owned by institutional investors | |
| On 31st of October 2024 McGrath RentCorp paid $ 0.475 per share dividend to its current shareholders | |
| Latest headline from MacroaxisInsider: Disposition of 4105 shares by Joseph Hanna of McGrath RentCorp at 121.7261 subject to Rule 16b-3 |
McGrath RentCorp 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 McGrath Stock often depends not only on the future outlook of the current and potential McGrath RentCorp'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. McGrath RentCorp's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 24.5 M | |
| Cash And Short Term Investments | 877 K |
McGrath RentCorp Technical Analysis
McGrath RentCorp's future price can be derived by breaking down and analyzing its technical indicators over time. McGrath Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of McGrath RentCorp. In general, you should focus on analyzing McGrath Stock price patterns and their correlations with different microeconomic environments and drivers.
McGrath RentCorp Predictive Forecast Models
McGrath RentCorp's time-series forecasting models is one of many McGrath RentCorp'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 McGrath RentCorp'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 McGrath RentCorp
Checking the ongoing alerts about McGrath RentCorp for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for McGrath RentCorp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Over 86.0% of the company shares are owned by institutional investors | |
| On 31st of October 2024 McGrath RentCorp paid $ 0.475 per share dividend to its current shareholders | |
| Latest headline from MacroaxisInsider: Disposition of 4105 shares by Joseph Hanna of McGrath RentCorp at 121.7261 subject to Rule 16b-3 |
Check out McGrath RentCorp Backtesting, McGrath RentCorp Valuation, McGrath RentCorp Correlation, McGrath RentCorp Hype Analysis, McGrath RentCorp Volatility, McGrath RentCorp History as well as McGrath RentCorp Performance. For information on how to trade McGrath Stock refer to our How to Trade McGrath Stock guide.You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Is Commercial Services & Supplies space 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 McGrath RentCorp. If investors know McGrath 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 McGrath RentCorp 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 2.688 | Dividend Share 1.89 | Earnings Share 9.16 | Revenue Per Share 36.237 | Quarterly Revenue Growth 0.095 |
The market value of McGrath RentCorp is measured differently than its book value, which is the value of McGrath that is recorded on the company's balance sheet. Investors also form their own opinion of McGrath RentCorp's value that differs from its market value or its book value, called intrinsic value, which is McGrath RentCorp'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 McGrath RentCorp's market value can be influenced by many factors that don't directly affect McGrath RentCorp'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 McGrath RentCorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if McGrath RentCorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, McGrath RentCorp'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.