Lkq Corporation Stock Chance of Future Stock Price Finishing Under 43.28
| LKQ Stock | USD 43.85 0.51 1.18% |
Closest to current price LKQ long CALL Option Payoff at Expiration
LKQ |
LKQ Target Price Odds to finish below 43.28
The tendency of LKQ 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 $ 43.28 or more in 90 days |
| 43.85 | 90 days | 43.28 | roughly 2.37 |
Based on a normal probability distribution, the odds of LKQ to drop to $ 43.28 or more in 90 days from now is roughly 2.37 (This LKQ Corporation probability density function shows the probability of LKQ Stock to fall within a particular range of prices over 90 days) . Probability of LKQ Corporation price to stay between $ 43.28 and its current price of $43.85 at the end of the 90-day period is about 1.23 .
Considering the 90-day investment horizon LKQ has a beta of 0.66. This indicates as returns on the market go up, LKQ average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding LKQ Corporation will be expected to be much smaller as well. Additionally LKQ Corporation has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. LKQ Price Density |
| Price |
Predictive Modules for LKQ
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as LKQ Corporation. 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 LKQ'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.
LKQ Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. LKQ is not an exception. The market had few large corrections towards the LKQ'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 LKQ Corporation, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of LKQ within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.11 | |
β | Beta against NYSE Composite | 0.66 | |
σ | Overall volatility | 3.13 | |
Ir | Information ratio | -0.06 |
LKQ 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 LKQ for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for LKQ Corporation can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| LKQ Corporation generated a negative expected return over the last 90 days | |
| Over 100.0% of the company shares are owned by institutional investors | |
| On 28th of March 2024 LKQ paid $ 0.3 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: LKQ Corporation Earnings Missed Analyst Estimates Heres What Analysts Are Forecasting Now |
LKQ 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 LKQ Stock often depends not only on the future outlook of the current and potential LKQ'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. LKQ's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 268.3 M | |
| Cash And Short Term Investments | 299 M |
LKQ Technical Analysis
LKQ's future price can be derived by breaking down and analyzing its technical indicators over time. LKQ Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of LKQ Corporation. In general, you should focus on analyzing LKQ Stock price patterns and their correlations with different microeconomic environments and drivers.
LKQ Predictive Forecast Models
LKQ's time-series forecasting models is one of many LKQ'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 LKQ'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 LKQ Corporation
Checking the ongoing alerts about LKQ for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for LKQ Corporation help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| LKQ Corporation generated a negative expected return over the last 90 days | |
| Over 100.0% of the company shares are owned by institutional investors | |
| On 28th of March 2024 LKQ paid $ 0.3 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: LKQ Corporation Earnings Missed Analyst Estimates Heres What Analysts Are Forecasting Now |
Check out LKQ Backtesting, LKQ Valuation, LKQ Correlation, LKQ Hype Analysis, LKQ Volatility, LKQ History as well as LKQ Performance. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Complementary Tools for LKQ Stock analysis
When running LKQ's price analysis, check to measure LKQ'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 LKQ is operating at the current time. Most of LKQ's value examination focuses on studying past and present price action to predict the probability of LKQ's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move LKQ's price. Additionally, you may evaluate how the addition of LKQ to your portfolios can decrease your overall portfolio volatility.
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Is LKQ'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 LKQ. If investors know LKQ 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 LKQ 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 (0.42) | Dividend Share 1.15 | Earnings Share 3.1 | Revenue Per Share 53.154 | Quarterly Revenue Growth 0.106 |
The market value of LKQ Corporation is measured differently than its book value, which is the value of LKQ that is recorded on the company's balance sheet. Investors also form their own opinion of LKQ's value that differs from its market value or its book value, called intrinsic value, which is LKQ'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 LKQ's market value can be influenced by many factors that don't directly affect LKQ'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 LKQ's value and its price as these two are different measures arrived at by different means. Investors typically determine if LKQ is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, LKQ'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.