Compx International Stock Probability of Future Stock Price Finishing Under 16.22
| CIX Stock | USD 26.64 1.61 5.70% |
CompX |
CompX International Target Price Odds to finish below 16.22
The tendency of CompX 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 drop to $ 16.22 or more in 90 days |
| 26.64 | 90 days | 16.22 | near 1 |
Based on a normal probability distribution, the odds of CompX International to drop to $ 16.22 or more in 90 days from now is near 1 (This CompX International probability density function shows the probability of CompX Stock to fall within a particular range of prices over 90 days) . Probability of CompX International price to stay between $ 16.22 and its current price of $26.64 at the end of the 90-day period is about 5.08 .
Considering the 90-day investment horizon CompX International has a beta of -0.24 suggesting as returns on the benchmark increase, returns on holding CompX International are expected to decrease at a much lower rate. During a bear market, however, CompX International is likely to outperform the market. Additionally CompX International 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. CompX International Price Density |
| Price |
Predictive Modules for CompX International
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as CompX International. 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.CompX International Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. CompX International is not an exception. The market had few large corrections towards the CompX International'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 CompX International, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of CompX International within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.04 | |
β | Beta against Dow Jones | -0.24 | |
σ | Overall volatility | 1.43 | |
Ir | Information ratio | -0.01 |
CompX International 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 CompX International for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for CompX International can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| CompX International generated a negative expected return over the last 90 days | |
| CompX International has high historical volatility and very poor performance | |
| CompX International has a strong financial position based on the latest SEC filings | |
| About 88.0% of the company shares are held by company insiders | |
| On 10th of December 2024 CompX International paid $ 0.3 per share dividend to its current shareholders | |
| Latest headline from gurufocus.com: CompX International Stock Surges Amid Market Fluctuations |
CompX International 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 CompX Stock often depends not only on the future outlook of the current and potential CompX International'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. CompX International's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 12.3 M | |
| Cash And Short Term Investments | 76.7 M |
CompX International Technical Analysis
CompX International's future price can be derived by breaking down and analyzing its technical indicators over time. CompX Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of CompX International. In general, you should focus on analyzing CompX Stock price patterns and their correlations with different microeconomic environments and drivers.
CompX International Predictive Forecast Models
CompX International's time-series forecasting models is one of many CompX International'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 CompX International'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 CompX International
Checking the ongoing alerts about CompX International for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for CompX International help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| CompX International generated a negative expected return over the last 90 days | |
| CompX International has high historical volatility and very poor performance | |
| CompX International has a strong financial position based on the latest SEC filings | |
| About 88.0% of the company shares are held by company insiders | |
| On 10th of December 2024 CompX International paid $ 0.3 per share dividend to its current shareholders | |
| Latest headline from gurufocus.com: CompX International Stock Surges Amid Market Fluctuations |
Additional Tools for CompX Stock Analysis
When running CompX International's price analysis, check to measure CompX International'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 CompX International is operating at the current time. Most of CompX International's value examination focuses on studying past and present price action to predict the probability of CompX International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CompX International's price. Additionally, you may evaluate how the addition of CompX International to your portfolios can decrease your overall portfolio volatility.