Gentex Stock Chance of Future Stock Price Finishing Under 24.97
| GNTX Stock | USD 29.23 0.10 0.34% |
Gentex |
Gentex Target Price Odds to finish below 24.97
The tendency of Gentex 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 $ 24.97 or more in 90 days |
| 29.23 | 90 days | 24.97 | near 1 |
Based on a normal probability distribution, the odds of Gentex to drop to $ 24.97 or more in 90 days from now is near 1 (This Gentex probability density function shows the probability of Gentex Stock to fall within a particular range of prices over 90 days) . Probability of Gentex price to stay between $ 24.97 and its current price of $29.23 at the end of the 90-day period is about 13.28 .
Given the investment horizon of 90 days Gentex has a beta of 0.15. This usually indicates as returns on the market go up, Gentex average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Gentex will be expected to be much smaller as well. Additionally Gentex 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. Gentex Price Density |
| Price |
Predictive Modules for Gentex
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Gentex. 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 Gentex'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.
Gentex Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Gentex is not an exception. The market had few large corrections towards the Gentex'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 Gentex, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Gentex within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.03 | |
β | Beta against Dow Jones | 0.15 | |
σ | Overall volatility | 0.71 | |
Ir | Information ratio | -0.04 |
Gentex 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 Gentex for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Gentex can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Gentex generated a negative expected return over the last 90 days | |
| Gentex has a strong financial position based on the latest SEC filings | |
| Over 98.0% of the company shares are owned by institutional investors | |
| Latest headline from finance.yahoo.com: Is There An Opportunity With Gentex Corporations 37 percent Undervaluation |
Gentex 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 Gentex Stock often depends not only on the future outlook of the current and potential Gentex'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. Gentex's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 229.7 M | |
| Cash And Short Term Investments | 240.8 M |
Gentex Technical Analysis
Gentex's future price can be derived by breaking down and analyzing its technical indicators over time. Gentex Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Gentex. In general, you should focus on analyzing Gentex Stock price patterns and their correlations with different microeconomic environments and drivers.
Gentex Predictive Forecast Models
Gentex's time-series forecasting models is one of many Gentex'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 Gentex'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 Gentex
Checking the ongoing alerts about Gentex for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Gentex help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Gentex generated a negative expected return over the last 90 days | |
| Gentex has a strong financial position based on the latest SEC filings | |
| Over 98.0% of the company shares are owned by institutional investors | |
| Latest headline from finance.yahoo.com: Is There An Opportunity With Gentex Corporations 37 percent Undervaluation |
Additional Tools for Gentex Stock Analysis
When running Gentex's price analysis, check to measure Gentex'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 Gentex is operating at the current time. Most of Gentex's value examination focuses on studying past and present price action to predict the probability of Gentex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gentex's price. Additionally, you may evaluate how the addition of Gentex to your portfolios can decrease your overall portfolio volatility.