Carpartscom Stock Probability of Future Stock Price Finishing Under 0.16
| PRTS Stock | USD 0.99 0.03 3.13% |
CarPartsCom |
CarPartsCom Target Price Odds to finish below 0.16
The tendency of CarPartsCom 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 $ 0.16 or more in 90 days |
| 0.99 | 90 days | 0.16 | near 1 |
Based on a normal probability distribution, the odds of CarPartsCom to drop to $ 0.16 or more in 90 days from now is near 1 (This CarPartsCom probability density function shows the probability of CarPartsCom Stock to fall within a particular range of prices over 90 days) . Probability of CarPartsCom price to stay between $ 0.16 and its current price of $0.99 at the end of the 90-day period is about 81.88 .
Given the investment horizon of 90 days CarPartsCom has a beta of -0.5 indicating as returns on the benchmark increase, returns on holding CarPartsCom are expected to decrease at a much lower rate. During a bear market, however, CarPartsCom is likely to outperform the market. Additionally CarPartsCom has an alpha of 0.2954, implying that it can generate a 0.3 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). CarPartsCom Price Density |
| Price |
Predictive Modules for CarPartsCom
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as CarPartsCom. 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 CarPartsCom'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.
CarPartsCom Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. CarPartsCom is not an exception. The market had few large corrections towards the CarPartsCom'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 CarPartsCom, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of CarPartsCom within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.30 | |
β | Beta against Dow Jones | -0.5 | |
σ | Overall volatility | 0.1 | |
Ir | Information ratio | 0.03 |
CarPartsCom 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 CarPartsCom for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for CarPartsCom can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| CarPartsCom has some characteristics of a very speculative penny stock | |
| CarPartsCom had very high historical volatility over the last 90 days | |
| The company reported the previous year's revenue of 675.73 M. Net Loss for the year was (8.22 M) with profit before overhead, payroll, taxes, and interest of 230.89 M. | |
| CarPartsCom has a poor financial position based on the latest SEC disclosures | |
| Latest headline from gurufocus.com: Carparts.Com Stock Dips Amidst Automotive Sector Movements |
CarPartsCom 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 CarPartsCom Stock often depends not only on the future outlook of the current and potential CarPartsCom'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. CarPartsCom's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 56.6 M | |
| Cash And Short Term Investments | 51 M |
CarPartsCom Technical Analysis
CarPartsCom's future price can be derived by breaking down and analyzing its technical indicators over time. CarPartsCom Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of CarPartsCom. In general, you should focus on analyzing CarPartsCom Stock price patterns and their correlations with different microeconomic environments and drivers.
CarPartsCom Predictive Forecast Models
CarPartsCom's time-series forecasting models is one of many CarPartsCom'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 CarPartsCom'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 CarPartsCom
Checking the ongoing alerts about CarPartsCom for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for CarPartsCom help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| CarPartsCom has some characteristics of a very speculative penny stock | |
| CarPartsCom had very high historical volatility over the last 90 days | |
| The company reported the previous year's revenue of 675.73 M. Net Loss for the year was (8.22 M) with profit before overhead, payroll, taxes, and interest of 230.89 M. | |
| CarPartsCom has a poor financial position based on the latest SEC disclosures | |
| Latest headline from gurufocus.com: Carparts.Com Stock Dips Amidst Automotive Sector Movements |
Additional Tools for CarPartsCom Stock Analysis
When running CarPartsCom's price analysis, check to measure CarPartsCom'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 CarPartsCom is operating at the current time. Most of CarPartsCom's value examination focuses on studying past and present price action to predict the probability of CarPartsCom's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CarPartsCom's price. Additionally, you may evaluate how the addition of CarPartsCom to your portfolios can decrease your overall portfolio volatility.