Westinghouse Air Brake Stock Probability of Future Stock Price Finishing Over 164.36
| WAB Stock | USD 168.34 1.01 0.60% |
Closest to current price Westinghouse long CALL Option Payoff at Expiration
Westinghouse |
Westinghouse Air Target Price Odds to finish over 164.36
The tendency of Westinghouse 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 $ 164.36 in 90 days |
| 168.34 | 90 days | 164.36 | roughly 2.29 |
Based on a normal probability distribution, the odds of Westinghouse Air to stay above $ 164.36 in 90 days from now is roughly 2.29 (This Westinghouse Air Brake probability density function shows the probability of Westinghouse Stock to fall within a particular range of prices over 90 days) . Probability of Westinghouse Air Brake price to stay between $ 164.36 and its current price of $168.34 at the end of the 90-day period is about 1.53 .
Considering the 90-day investment horizon Westinghouse Air has a beta of 0.15. This entails as returns on the market go up, Westinghouse Air average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Westinghouse Air Brake will be expected to be much smaller as well. Additionally Westinghouse Air Brake has an alpha of 0.32, implying that it can generate a 0.32 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Westinghouse Air Price Density |
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Predictive Modules for Westinghouse Air
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Westinghouse Air Brake. 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 Westinghouse Air'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.
Westinghouse Air Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Westinghouse Air is not an exception. The market had few large corrections towards the Westinghouse Air'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 Westinghouse Air Brake, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Westinghouse Air within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.32 | |
β | Beta against NYSE Composite | 0.15 | |
σ | Overall volatility | 9.26 | |
Ir | Information ratio | 0.18 |
Westinghouse Air 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 Westinghouse Air for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Westinghouse Air Brake 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 93.0% of the company outstanding shares are owned by institutional investors | |
| Latest headline from finance.yahoo.com: 3 Stocks to Buy From the Transport Equipment Leasing Industry |
Westinghouse Air 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 Westinghouse Stock often depends not only on the future outlook of the current and potential Westinghouse Air'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. Westinghouse Air's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 179.5 M | |
| Cash And Short Term Investments | 620 M |
Westinghouse Air Technical Analysis
Westinghouse Air's future price can be derived by breaking down and analyzing its technical indicators over time. Westinghouse Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Westinghouse Air Brake. In general, you should focus on analyzing Westinghouse Stock price patterns and their correlations with different microeconomic environments and drivers.
Westinghouse Air Predictive Forecast Models
Westinghouse Air's time-series forecasting models is one of many Westinghouse Air'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 Westinghouse Air'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 Westinghouse Air Brake
Checking the ongoing alerts about Westinghouse Air for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Westinghouse Air Brake help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Over 93.0% of the company outstanding shares are owned by institutional investors | |
| Latest headline from finance.yahoo.com: 3 Stocks to Buy From the Transport Equipment Leasing Industry |
Check out Westinghouse Air Backtesting, Westinghouse Air Valuation, Westinghouse Air Correlation, Westinghouse Air Hype Analysis, Westinghouse Air Volatility, Westinghouse Air History as well as Westinghouse Air Performance. Note that the Westinghouse Air Brake information on this page should be used as a complementary analysis to other Westinghouse Air's 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 Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Complementary Tools for Westinghouse Stock analysis
When running Westinghouse Air's price analysis, check to measure Westinghouse Air'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 Westinghouse Air is operating at the current time. Most of Westinghouse Air's value examination focuses on studying past and present price action to predict the probability of Westinghouse Air's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Westinghouse Air's price. Additionally, you may evaluate how the addition of Westinghouse Air to your portfolios can decrease your overall portfolio volatility.
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Is Westinghouse Air'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 Westinghouse Air. If investors know Westinghouse 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 Westinghouse Air 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 0.645 | Dividend Share 0.71 | Earnings Share 5.14 | Revenue Per Share 56.083 | Quarterly Revenue Growth 0.138 |
The market value of Westinghouse Air Brake is measured differently than its book value, which is the value of Westinghouse that is recorded on the company's balance sheet. Investors also form their own opinion of Westinghouse Air's value that differs from its market value or its book value, called intrinsic value, which is Westinghouse Air'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 Westinghouse Air's market value can be influenced by many factors that don't directly affect Westinghouse Air'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 Westinghouse Air's value and its price as these two are different measures arrived at by different means. Investors typically determine if Westinghouse Air is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Westinghouse Air'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.