Varex Imaging Corp Stock Probability of Future Stock Price Finishing Under 17.89
| VREX Stock | USD 11.92 0.12 1.02% |
Closest to current price Varex long CALL Option Payoff at Expiration
Varex |
Varex Imaging Target Price Odds to finish below 17.89
The tendency of Varex 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 $ 17.89 after 90 days |
| 11.92 | 90 days | 17.89 | close to 99 |
Based on a normal probability distribution, the odds of Varex Imaging to stay under $ 17.89 after 90 days from now is close to 99 (This Varex Imaging Corp probability density function shows the probability of Varex Stock to fall within a particular range of prices over 90 days) . Probability of Varex Imaging Corp price to stay between its current price of $ 11.92 and $ 17.89 at the end of the 90-day period is about 74.21 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.5 . This entails as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Varex Imaging will likely underperform. Additionally Varex Imaging Corp has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Varex Imaging Price Density |
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Predictive Modules for Varex Imaging
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Varex Imaging Corp. 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 Varex Imaging'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.
Varex Imaging Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Varex Imaging is not an exception. The market had few large corrections towards the Varex Imaging'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 Varex Imaging Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Varex Imaging within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.4 | |
β | Beta against Dow Jones | 1.50 | |
σ | Overall volatility | 1.46 | |
Ir | Information ratio | -0.09 |
Varex Imaging 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 Varex Imaging for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Varex Imaging Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Varex Imaging Corp generated a negative expected return over the last 90 days | |
| Varex Imaging Corp has high historical volatility and very poor performance | |
| Varex Imaging Corp has a strong financial position based on the latest SEC filings | |
| Over 95.0% of the company outstanding shares are owned by institutional investors | |
| Latest headline from finance.yahoo.com: Discover Undervalued Small Caps With Insider Action In United States September 2024 |
Varex Imaging 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 Varex Stock often depends not only on the future outlook of the current and potential Varex Imaging'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. Varex Imaging's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 50.3 M | |
| Cash And Short Term Investments | 152.6 M |
Varex Imaging Technical Analysis
Varex Imaging's future price can be derived by breaking down and analyzing its technical indicators over time. Varex Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Varex Imaging Corp. In general, you should focus on analyzing Varex Stock price patterns and their correlations with different microeconomic environments and drivers.
Varex Imaging Predictive Forecast Models
Varex Imaging's time-series forecasting models is one of many Varex Imaging'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 Varex Imaging'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 Varex Imaging Corp
Checking the ongoing alerts about Varex Imaging for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Varex Imaging Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Varex Imaging Corp generated a negative expected return over the last 90 days | |
| Varex Imaging Corp has high historical volatility and very poor performance | |
| Varex Imaging Corp has a strong financial position based on the latest SEC filings | |
| Over 95.0% of the company outstanding shares are owned by institutional investors | |
| Latest headline from finance.yahoo.com: Discover Undervalued Small Caps With Insider Action In United States September 2024 |
Additional Tools for Varex Stock Analysis
When running Varex Imaging's price analysis, check to measure Varex Imaging'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 Varex Imaging is operating at the current time. Most of Varex Imaging's value examination focuses on studying past and present price action to predict the probability of Varex Imaging's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Varex Imaging's price. Additionally, you may evaluate how the addition of Varex Imaging to your portfolios can decrease your overall portfolio volatility.