Thermo Fisher Scientific Stock Probability of Future Stock Price Finishing Over 578.41
| TMO Stock | USD 571.25 3.74 0.65% |
Closest to current price Thermo long CALL Option Payoff at Expiration
Thermo |
Thermo Fisher Target Price Odds to finish over 578.41
The tendency of Thermo 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 move over $ 578.41 or more in 90 days |
| 571.25 | 90 days | 578.41 | about 27.16 |
Based on a normal probability distribution, the odds of Thermo Fisher to move over $ 578.41 or more in 90 days from now is about 27.16 (This Thermo Fisher Scientific probability density function shows the probability of Thermo Stock to fall within a particular range of prices over 90 days) . Probability of Thermo Fisher Scientific price to stay between its current price of $ 571.25 and $ 578.41 at the end of the 90-day period is about 16.5 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.41 . This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Thermo Fisher will likely underperform. Additionally Thermo Fisher Scientific has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Thermo Fisher Price Density |
| Price |
Predictive Modules for Thermo Fisher
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Thermo Fisher Scientific. 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 Thermo Fisher'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.
Thermo Fisher Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Thermo Fisher is not an exception. The market had few large corrections towards the Thermo Fisher'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 Thermo Fisher Scientific, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Thermo Fisher within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.05 | |
β | Beta against NYSE Composite | 1.41 | |
σ | Overall volatility | 15.97 | |
Ir | Information ratio | -0.03 |
Thermo Fisher 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 Thermo Fisher for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Thermo Fisher Scientific can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Over 92.0% of the company shares are owned by institutional investors | |
| On 15th of April 2024 Thermo Fisher paid $ 0.39 per share dividend to its current shareholders | |
| Latest headline from aol.com: Bio-Techne beats third-quarter estimates on improving demand for biotech products |
Thermo Fisher 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 Thermo Stock often depends not only on the future outlook of the current and potential Thermo Fisher'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. Thermo Fisher's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 388 M | |
| Cash And Short Term Investments | 8.1 B |
Thermo Fisher Technical Analysis
Thermo Fisher's future price can be derived by breaking down and analyzing its technical indicators over time. Thermo Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Thermo Fisher Scientific. In general, you should focus on analyzing Thermo Stock price patterns and their correlations with different microeconomic environments and drivers.
Thermo Fisher Predictive Forecast Models
Thermo Fisher's time-series forecasting models is one of many Thermo Fisher'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 Thermo Fisher'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 Thermo Fisher Scientific
Checking the ongoing alerts about Thermo Fisher for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Thermo Fisher Scientific help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Over 92.0% of the company shares are owned by institutional investors | |
| On 15th of April 2024 Thermo Fisher paid $ 0.39 per share dividend to its current shareholders | |
| Latest headline from aol.com: Bio-Techne beats third-quarter estimates on improving demand for biotech products |
Check out Thermo Fisher Backtesting, Thermo Fisher Valuation, Thermo Fisher Correlation, Thermo Fisher Hype Analysis, Thermo Fisher Volatility, Thermo Fisher History as well as Thermo Fisher Performance. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Complementary Tools for Thermo Stock analysis
When running Thermo Fisher's price analysis, check to measure Thermo Fisher'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 Thermo Fisher is operating at the current time. Most of Thermo Fisher's value examination focuses on studying past and present price action to predict the probability of Thermo Fisher's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thermo Fisher's price. Additionally, you may evaluate how the addition of Thermo Fisher to your portfolios can decrease your overall portfolio volatility.
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios |
Is Thermo Fisher'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 Thermo Fisher. If investors know Thermo 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 Thermo Fisher 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 0.042 | Dividend Share 1.44 | Earnings Share 15.58 | Revenue Per Share 110.369 | Quarterly Revenue Growth (0.03) |
The market value of Thermo Fisher Scientific is measured differently than its book value, which is the value of Thermo that is recorded on the company's balance sheet. Investors also form their own opinion of Thermo Fisher's value that differs from its market value or its book value, called intrinsic value, which is Thermo Fisher'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 Thermo Fisher's market value can be influenced by many factors that don't directly affect Thermo Fisher'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 Thermo Fisher's value and its price as these two are different measures arrived at by different means. Investors typically determine if Thermo Fisher is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Thermo Fisher'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.