Axon Enterprise Stock Probability of Future Stock Price Finishing Over 634.96
| AXON Stock | USD 636.41 6.04 0.94% |
Axon |
Axon Enterprise Target Price Odds to finish over 634.96
The tendency of Axon 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 above $ 634.96 in 90 days |
| 636.41 | 90 days | 634.96 | about 9.72 |
Based on a normal probability distribution, the odds of Axon Enterprise to stay above $ 634.96 in 90 days from now is about 9.72 (This Axon Enterprise probability density function shows the probability of Axon Stock to fall within a particular range of prices over 90 days) . Probability of Axon Enterprise price to stay between $ 634.96 and its current price of $636.41 at the end of the 90-day period is near 1 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.57 . This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Axon Enterprise will likely underperform. Additionally Axon Enterprise has an alpha of 0.758, implying that it can generate a 0.76 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Axon Enterprise Price Density |
| Price |
Predictive Modules for Axon Enterprise
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Axon Enterprise. 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.Axon Enterprise Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Axon Enterprise is not an exception. The market had few large corrections towards the Axon Enterprise'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 Axon Enterprise, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Axon Enterprise within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.76 | |
β | Beta against Dow Jones | 1.57 | |
σ | Overall volatility | 106.71 | |
Ir | Information ratio | 0.21 |
Axon Enterprise 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 Axon Enterprise for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Axon Enterprise can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Axon Enterprise appears to be risky and price may revert if volatility continues | |
| Over 81.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from zacks.com: Why Is Triumph Group Up 3.4 percent Since Last Earnings Report |
Axon Enterprise 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 Axon Stock often depends not only on the future outlook of the current and potential Axon Enterprise'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. Axon Enterprise's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 75.5 M | |
| Cash And Short Term Investments | 1.3 B |
Axon Enterprise Technical Analysis
Axon Enterprise's future price can be derived by breaking down and analyzing its technical indicators over time. Axon Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Axon Enterprise. In general, you should focus on analyzing Axon Stock price patterns and their correlations with different microeconomic environments and drivers.
Axon Enterprise Predictive Forecast Models
Axon Enterprise's time-series forecasting models is one of many Axon Enterprise'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 Axon Enterprise'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 Axon Enterprise
Checking the ongoing alerts about Axon Enterprise for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Axon Enterprise help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Axon Enterprise appears to be risky and price may revert if volatility continues | |
| Over 81.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from zacks.com: Why Is Triumph Group Up 3.4 percent Since Last Earnings Report |
Check out Axon Enterprise Backtesting, Axon Enterprise Valuation, Axon Enterprise Correlation, Axon Enterprise Hype Analysis, Axon Enterprise Volatility, Axon Enterprise History as well as Axon Enterprise Performance. To learn how to invest in Axon Stock, please use our How to Invest in Axon Enterprise guide.You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Aerospace & Defense 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 Axon Enterprise. If investors know Axon 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 Axon Enterprise 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 0.062 | Earnings Share 3.85 | Revenue Per Share 25.727 | Quarterly Revenue Growth 0.317 | Return On Assets 0.0229 |
The market value of Axon Enterprise is measured differently than its book value, which is the value of Axon that is recorded on the company's balance sheet. Investors also form their own opinion of Axon Enterprise's value that differs from its market value or its book value, called intrinsic value, which is Axon Enterprise'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 Axon Enterprise's market value can be influenced by many factors that don't directly affect Axon Enterprise'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 Axon Enterprise's value and its price as these two are different measures arrived at by different means. Investors typically determine if Axon Enterprise is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Axon Enterprise'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.