Cintas Stock Chance of Future Stock Price Finishing Under 608.75
| CTAS Stock | USD 674.04 11.75 1.77% |
Closest to current price Cintas long CALL Option Payoff at Expiration
Cintas |
Cintas Target Price Odds to finish below 608.75
The tendency of Cintas 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 $ 608.75 or more in 90 days |
| 674.04 | 90 days | 608.75 | about 7.93 |
Based on a normal probability distribution, the odds of Cintas to drop to $ 608.75 or more in 90 days from now is about 7.93 (This Cintas probability density function shows the probability of Cintas Stock to fall within a particular range of prices over 90 days) . Probability of Cintas price to stay between $ 608.75 and its current price of $674.04 at the end of the 90-day period is about 82.16 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.12 suggesting Cintas market returns are related to returns on the market. As the market goes up or down, Cintas is expected to follow. Additionally Cintas has an alpha of 0.0884, implying that it can generate a 0.0884 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Cintas Price Density |
| Price |
Predictive Modules for Cintas
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Cintas. 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 Cintas' 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.
Cintas Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Cintas is not an exception. The market had few large corrections towards the Cintas' 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 Cintas, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Cintas within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.09 | |
β | Beta against NYSE Composite | 1.12 | |
σ | Overall volatility | 24.22 | |
Ir | Information ratio | 0.08 |
Cintas 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 Cintas for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Cintas can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| About 68.0% of the company shares are held by institutions such as insurance companies | |
| On 15th of March 2024 Cintas paid $ 1.35 per share dividend to its current shareholders | |
| Latest headline from businesswire.com: Le conseil dadministration de Cintas approuve le fractionnement des actions 41 |
Cintas 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 Cintas Stock often depends not only on the future outlook of the current and potential Cintas' 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. Cintas' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 103.4 M | |
| Cash And Short Term Investments | 124.1 M |
Cintas Technical Analysis
Cintas' future price can be derived by breaking down and analyzing its technical indicators over time. Cintas Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Cintas. In general, you should focus on analyzing Cintas Stock price patterns and their correlations with different microeconomic environments and drivers.
Cintas Predictive Forecast Models
Cintas' time-series forecasting models is one of many Cintas' 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 Cintas' 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 Cintas
Checking the ongoing alerts about Cintas for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Cintas help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| About 68.0% of the company shares are held by institutions such as insurance companies | |
| On 15th of March 2024 Cintas paid $ 1.35 per share dividend to its current shareholders | |
| Latest headline from businesswire.com: Le conseil dadministration de Cintas approuve le fractionnement des actions 41 |
Check out Cintas Backtesting, Cintas Valuation, Cintas Correlation, Cintas Hype Analysis, Cintas Volatility, Cintas History as well as Cintas Performance. For more information on how to buy Cintas Stock please use our How to Invest in Cintas guide.Note that the Cintas information on this page should be used as a complementary analysis to other Cintas' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Complementary Tools for Cintas Stock analysis
When running Cintas' price analysis, check to measure Cintas' 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 Cintas is operating at the current time. Most of Cintas' value examination focuses on studying past and present price action to predict the probability of Cintas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cintas' price. Additionally, you may evaluate how the addition of Cintas to your portfolios can decrease your overall portfolio volatility.
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Is Cintas' industry 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 Cintas. If investors know Cintas 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 Cintas 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 0.223 | Dividend Share 5.2 | Earnings Share 14.49 | Revenue Per Share 92.516 | Quarterly Revenue Growth 0.099 |
The market value of Cintas is measured differently than its book value, which is the value of Cintas that is recorded on the company's balance sheet. Investors also form their own opinion of Cintas' value that differs from its market value or its book value, called intrinsic value, which is Cintas' 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 Cintas' market value can be influenced by many factors that don't directly affect Cintas' 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 Cintas' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cintas is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cintas' 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.