Franklin Electric Co Stock Probability of Future Stock Price Finishing Over 102.63
| FELE Stock | USD 99.94 1.04 1.05% |
Closest to current price Franklin long CALL Option Payoff at Expiration
Franklin |
Franklin Electric Target Price Odds to finish over 102.63
The tendency of Franklin 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 $ 102.63 or more in 90 days |
| 99.94 | 90 days | 102.63 | about 26.4 |
Based on a normal probability distribution, the odds of Franklin Electric to move over $ 102.63 or more in 90 days from now is about 26.4 (This Franklin Electric Co probability density function shows the probability of Franklin Stock to fall within a particular range of prices over 90 days) . Probability of Franklin Electric price to stay between its current price of $ 99.94 and $ 102.63 at the end of the 90-day period is about 37.71 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.67 . This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Franklin Electric will likely underperform. Additionally Franklin Electric Co has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Franklin Electric Price Density |
| Price |
Predictive Modules for Franklin Electric
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Franklin Electric. 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 Franklin Electric'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.
Franklin Electric Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Franklin Electric is not an exception. The market had few large corrections towards the Franklin Electric'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 Franklin Electric Co, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Franklin Electric within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.05 | |
β | Beta against NYSE Composite | 1.67 | |
σ | Overall volatility | 2.71 | |
Ir | Information ratio | -0.0047 |
Franklin Electric 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 Franklin Electric for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Franklin Electric 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 82.0% of the company shares are owned by institutional investors | |
| Latest headline from simplywall.st: Analysts Are Updating Their Franklin Electric Co., Inc. Estimates After Its First-Quarter Results |
Franklin Electric 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 Franklin Stock often depends not only on the future outlook of the current and potential Franklin Electric'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. Franklin Electric's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 46.9 M | |
| Cash And Short Term Investments | 85 M |
Franklin Electric Technical Analysis
Franklin Electric's future price can be derived by breaking down and analyzing its technical indicators over time. Franklin Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Franklin Electric Co. In general, you should focus on analyzing Franklin Stock price patterns and their correlations with different microeconomic environments and drivers.
Franklin Electric Predictive Forecast Models
Franklin Electric's time-series forecasting models is one of many Franklin Electric'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 Franklin Electric'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 Franklin Electric
Checking the ongoing alerts about Franklin Electric for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Franklin Electric help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Over 82.0% of the company shares are owned by institutional investors | |
| Latest headline from simplywall.st: Analysts Are Updating Their Franklin Electric Co., Inc. Estimates After Its First-Quarter Results |
Check out Franklin Electric Backtesting, Franklin Electric Valuation, Franklin Electric Correlation, Franklin Electric Hype Analysis, Franklin Electric Volatility, Franklin Electric History as well as Franklin Electric Performance. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Complementary Tools for Franklin Stock analysis
When running Franklin Electric's price analysis, check to measure Franklin Electric'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 Franklin Electric is operating at the current time. Most of Franklin Electric's value examination focuses on studying past and present price action to predict the probability of Franklin Electric's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Franklin Electric's price. Additionally, you may evaluate how the addition of Franklin Electric to your portfolios can decrease your overall portfolio volatility.
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Is Franklin Electric'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 Franklin Electric. If investors know Franklin 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 Franklin Electric 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 (0.11) | Dividend Share 0.925 | Earnings Share 4.02 | Revenue Per Share 44.212 | Quarterly Revenue Growth (0.05) |
The market value of Franklin Electric is measured differently than its book value, which is the value of Franklin that is recorded on the company's balance sheet. Investors also form their own opinion of Franklin Electric's value that differs from its market value or its book value, called intrinsic value, which is Franklin Electric'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 Franklin Electric's market value can be influenced by many factors that don't directly affect Franklin Electric'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 Franklin Electric's value and its price as these two are different measures arrived at by different means. Investors typically determine if Franklin Electric is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Franklin Electric'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.