Hooker Furniture Stock Probability of Future Stock Price Finishing Under 7.35
| HOFT Stock | USD 14.02 0.20 1.45% |
Hooker |
Hooker Furniture Target Price Odds to finish below 7.35
The tendency of Hooker 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 $ 7.35 or more in 90 days |
| 14.02 | 90 days | 7.35 | near 1 |
Based on a normal probability distribution, the odds of Hooker Furniture to drop to $ 7.35 or more in 90 days from now is near 1 (This Hooker Furniture probability density function shows the probability of Hooker Stock to fall within a particular range of prices over 90 days) . Probability of Hooker Furniture price to stay between $ 7.35 and its current price of $14.02 at the end of the 90-day period is near 1 .
Given the investment horizon of 90 days Hooker Furniture has a beta of 0.58. This usually indicates as returns on the market go up, Hooker Furniture average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Hooker Furniture will be expected to be much smaller as well. Additionally Hooker Furniture 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. Hooker Furniture Price Density |
| Price |
Predictive Modules for Hooker Furniture
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Hooker Furniture. 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.Hooker Furniture Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Hooker Furniture is not an exception. The market had few large corrections towards the Hooker Furniture'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 Hooker Furniture, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Hooker Furniture within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.28 | |
β | Beta against Dow Jones | 0.58 | |
σ | Overall volatility | 1.18 | |
Ir | Information ratio | -0.09 |
Hooker Furniture 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 Hooker Furniture for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Hooker Furniture can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Hooker Furniture generated a negative expected return over the last 90 days | |
| Hooker Furniture has high historical volatility and very poor performance | |
| Over 76.0% of the company shares are owned by institutional investors | |
| Latest headline from simplywall.st: Investors Holding Back On Hooker Furnishings Corporation |
Hooker Furniture 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 Hooker Stock often depends not only on the future outlook of the current and potential Hooker Furniture'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. Hooker Furniture's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 10.8 M | |
| Cash And Short Term Investments | 43.2 M |
Hooker Furniture Technical Analysis
Hooker Furniture's future price can be derived by breaking down and analyzing its technical indicators over time. Hooker Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Hooker Furniture. In general, you should focus on analyzing Hooker Stock price patterns and their correlations with different microeconomic environments and drivers.
Hooker Furniture Predictive Forecast Models
Hooker Furniture's time-series forecasting models is one of many Hooker Furniture'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 Hooker Furniture'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 Hooker Furniture
Checking the ongoing alerts about Hooker Furniture for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Hooker Furniture help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Hooker Furniture generated a negative expected return over the last 90 days | |
| Hooker Furniture has high historical volatility and very poor performance | |
| Over 76.0% of the company shares are owned by institutional investors | |
| Latest headline from simplywall.st: Investors Holding Back On Hooker Furnishings Corporation |
Additional Tools for Hooker Stock Analysis
When running Hooker Furniture's price analysis, check to measure Hooker Furniture'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 Hooker Furniture is operating at the current time. Most of Hooker Furniture's value examination focuses on studying past and present price action to predict the probability of Hooker Furniture's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hooker Furniture's price. Additionally, you may evaluate how the addition of Hooker Furniture to your portfolios can decrease your overall portfolio volatility.