Harmonic Stock Odds of Future Stock Price Finishing Over 10.23
| HLIT Stock | USD 12.23 0.08 0.66% |
Closest to current price Harmonic long CALL Option Payoff at Expiration
Harmonic |
Harmonic Target Price Odds to finish over 10.23
The tendency of Harmonic 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 above $ 10.23 in 90 days |
| 12.23 | 90 days | 10.23 | about 89.22 |
Based on a normal probability distribution, the odds of Harmonic to stay above $ 10.23 in 90 days from now is about 89.22 (This Harmonic probability density function shows the probability of Harmonic Stock to fall within a particular range of prices over 90 days) . Probability of Harmonic price to stay between $ 10.23 and its current price of $12.23 at the end of the 90-day period is about 52.86 .
Given the investment horizon of 90 days Harmonic has a beta of 0.38. This usually indicates as returns on the market go up, Harmonic average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Harmonic will be expected to be much smaller as well. Additionally Harmonic has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Harmonic Price Density |
| Price |
Predictive Modules for Harmonic
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Harmonic. 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 Harmonic'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.
Harmonic Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Harmonic is not an exception. The market had few large corrections towards the Harmonic'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 Harmonic, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Harmonic within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.06 | |
β | Beta against NYSE Composite | 0.38 | |
σ | Overall volatility | 1.26 | |
Ir | Information ratio | -0.03 |
Harmonic 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 Harmonic for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Harmonic can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Harmonic generated a negative expected return over the last 90 days | |
| Harmonic has high historical volatility and very poor performance | |
| Harmonic is unlikely to experience financial distress in the next 2 years | |
| Over 98.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: Charles Schwab Investment Management Inc. Raises Stock Position in Harmonic Inc. - Defense World |
Harmonic 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 Harmonic Stock often depends not only on the future outlook of the current and potential Harmonic'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. Harmonic's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 117.4 M | |
| Cash And Short Term Investments | 84.3 M |
Harmonic Technical Analysis
Harmonic's future price can be derived by breaking down and analyzing its technical indicators over time. Harmonic Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Harmonic. In general, you should focus on analyzing Harmonic Stock price patterns and their correlations with different microeconomic environments and drivers.
Harmonic Predictive Forecast Models
Harmonic's time-series forecasting models is one of many Harmonic'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 Harmonic'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 Harmonic
Checking the ongoing alerts about Harmonic for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Harmonic help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Harmonic generated a negative expected return over the last 90 days | |
| Harmonic has high historical volatility and very poor performance | |
| Harmonic is unlikely to experience financial distress in the next 2 years | |
| Over 98.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: Charles Schwab Investment Management Inc. Raises Stock Position in Harmonic Inc. - Defense World |
Check out Harmonic Backtesting, Harmonic Valuation, Harmonic Correlation, Harmonic Hype Analysis, Harmonic Volatility, Harmonic History as well as Harmonic Performance. For more information on how to buy Harmonic Stock please use our How to Invest in Harmonic guide.You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Complementary Tools for Harmonic Stock analysis
When running Harmonic's price analysis, check to measure Harmonic'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 Harmonic is operating at the current time. Most of Harmonic's value examination focuses on studying past and present price action to predict the probability of Harmonic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Harmonic's price. Additionally, you may evaluate how the addition of Harmonic to your portfolios can decrease your overall portfolio volatility.
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Is Harmonic's 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 Harmonic. If investors know Harmonic 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 Harmonic 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 13.465 | Earnings Share 0.61 | Revenue Per Share 5.108 | Quarterly Revenue Growth (0.23) | Return On Assets 0.01 |
The market value of Harmonic is measured differently than its book value, which is the value of Harmonic that is recorded on the company's balance sheet. Investors also form their own opinion of Harmonic's value that differs from its market value or its book value, called intrinsic value, which is Harmonic'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 Harmonic's market value can be influenced by many factors that don't directly affect Harmonic'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 Harmonic's value and its price as these two are different measures arrived at by different means. Investors typically determine if Harmonic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Harmonic'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.