Pc Connection Stock Probability of Future Stock Price Finishing Under 74.55
| CNXN Stock | USD 69.47 1.00 1.42% |
CNXN |
PC Connection Target Price Odds to finish below 74.55
The tendency of CNXN 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 $ 74.55 after 90 days |
| 69.47 | 90 days | 74.55 | about 83.44 |
Based on a normal probability distribution, the odds of PC Connection to stay under $ 74.55 after 90 days from now is about 83.44 (This PC Connection probability density function shows the probability of CNXN Stock to fall within a particular range of prices over 90 days) . Probability of PC Connection price to stay between its current price of $ 69.47 and $ 74.55 at the end of the 90-day period is about 68.81 .
Given the investment horizon of 90 days PC Connection has a beta of 0.35 suggesting as returns on the market go up, PC Connection average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding PC Connection will be expected to be much smaller as well. Additionally PC Connection 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. PC Connection Price Density |
| Price |
Predictive Modules for PC Connection
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as PC Connection. 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 PC Connection'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.
PC Connection Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. PC Connection is not an exception. The market had few large corrections towards the PC Connection'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 PC Connection, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of PC Connection within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.08 | |
β | Beta against Dow Jones | 0.35 | |
σ | Overall volatility | 2.51 | |
Ir | Information ratio | -0.04 |
PC Connection 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 PC Connection for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for PC Connection can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| PC Connection generated a negative expected return over the last 90 days | |
| About 54.0% of the company shares are held by company insiders | |
| On 29th of November 2024 PC Connection paid $ 0.1 per share dividend to its current shareholders | |
| Latest headline from patch.com: 2 Arrested In Connection To Suspicious Death Investigation Shelton PD |
PC Connection 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 CNXN Stock often depends not only on the future outlook of the current and potential PC Connection'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. PC Connection's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 26.4 M | |
| Cash And Short Term Investments | 297.2 M |
PC Connection Technical Analysis
PC Connection's future price can be derived by breaking down and analyzing its technical indicators over time. CNXN Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of PC Connection. In general, you should focus on analyzing CNXN Stock price patterns and their correlations with different microeconomic environments and drivers.
PC Connection Predictive Forecast Models
PC Connection's time-series forecasting models is one of many PC Connection'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 PC Connection'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 PC Connection
Checking the ongoing alerts about PC Connection for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for PC Connection help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| PC Connection generated a negative expected return over the last 90 days | |
| About 54.0% of the company shares are held by company insiders | |
| On 29th of November 2024 PC Connection paid $ 0.1 per share dividend to its current shareholders | |
| Latest headline from patch.com: 2 Arrested In Connection To Suspicious Death Investigation Shelton PD |
Check out PC Connection Backtesting, PC Connection Valuation, PC Connection Correlation, PC Connection Hype Analysis, PC Connection Volatility, PC Connection History as well as PC Connection Performance. To learn how to invest in CNXN Stock, please use our How to Invest in PC Connection guide.You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Is Electronic Equipment, Instruments & Components 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 PC Connection. If investors know CNXN 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 PC Connection 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 0.052 | Dividend Share 0.38 | Earnings Share 3.4 | Revenue Per Share 105.964 | Quarterly Revenue Growth 0.046 |
The market value of PC Connection is measured differently than its book value, which is the value of CNXN that is recorded on the company's balance sheet. Investors also form their own opinion of PC Connection's value that differs from its market value or its book value, called intrinsic value, which is PC Connection'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 PC Connection's market value can be influenced by many factors that don't directly affect PC Connection'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 PC Connection's value and its price as these two are different measures arrived at by different means. Investors typically determine if PC Connection is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PC Connection'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.