L3Harris Stock Probability of Future Stock Price Finishing Over 261.43

LHX
 Stock
  

USD 243.24  1.54  0.64%   

L3Harris Technologies' future price is the expected price of L3Harris Technologies instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of L3Harris Technologies performance during a given time horizon utilizing its historical volatility. Price to Book Value is likely to rise to 3.27 in 2022. Price to Earnings Ratio is likely to rise to 29.65 in 2022.
  
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L3Harris Technologies' implied volatility is one of the determining factors in the pricing options written on L3Harris Technologies. Implied volatility approximates the future value of L3Harris Technologies based on the option's current value. Options with high implied volatility have higher premiums and can be used to hedge the downside of investing in L3Harris Technologies over a specific time period. For example, 2022-07-15 CALL at $240.0 is a CALL option contract on L3Harris Technologies' common stock with a strick price of 240.0 expiring on 2022-07-15. The contract was last traded on 2022-06-29 at 15:34:10 for $3.8 and, as of today, has 11 days remaining before the expiration. The option is currently trading at a bid price of $4.7, and an ask price of $7.8. The implied volatility as of the 4th of July is 23.625. View All L3Harris options

Closest to current price L3Harris long CALL Option Payoff at Expiration

Additionally, see L3Harris Technologies Backtesting, L3Harris Technologies Valuation, L3Harris Technologies Correlation, L3Harris Technologies Hype Analysis, L3Harris Technologies Volatility, L3Harris Technologies History as well as L3Harris Technologies Performance. Please specify L3Harris Technologies time horizon, a valid symbol (red box) and a target price (blue box) you would like L3Harris Technologies odds to be computed.
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L3Harris Technologies Target Price Odds to finish over 261.43

The tendency of L3Harris 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 PriceHorizonTarget PriceOdds to move over $ 261.43  or more in 90 days
 243.24 90 days 261.43  about 1.37
Based on a normal probability distribution, the odds of L3Harris Technologies to move over $ 261.43  or more in 90 days from now is about 1.37 (This L3Harris Technologies probability density function shows the probability of L3Harris Stock to fall within a particular range of prices over 90 days) . Probability of L3Harris Technologies price to stay between its current price of $ 243.24  and $ 261.43  at the end of the 90-day period is about 39.0 .
Considering the 90-day investment horizon L3Harris Technologies has a beta of 0.51. This indicates as returns on the market go up, L3Harris Technologies average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding L3Harris Technologies will be expected to be much smaller as well. Additionally The company has an alpha of 0.0855, implying that it can generate a 0.0855 percent excess return over DOW after adjusting for the inherited market risk (beta).
 L3Harris Technologies Price Density 
      Price 

Predictive Modules for L3Harris Technologies

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as L3Harris Technologies. Regardless of method or technology, however, to accurately forecast the stock or bond 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, frequently view the market will even out over time. This tendency of L3Harris Technologies' 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. Please use the tools below to analyze the current value of L3Harris Technologies in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
241.94243.40244.86
Details
Intrinsic
Valuation
LowReal ValueHigh
218.92246.37247.83
Details
Naive
Forecast
LowNext ValueHigh
253.99255.45256.92
Details
12 Analysts
Consensus
LowTarget PriceHigh
225.00250.78270.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as L3Harris Technologies. Your research has to be compared to or analyzed against L3Harris Technologies' peers to derive any actionable benefits. When done correctly, L3Harris Technologies' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in L3Harris Technologies.

L3Harris Technologies Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. L3Harris Technologies is not an exception. The market had few large corrections towards the L3Harris Technologies' 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 L3Harris Technologies, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of L3Harris Technologies within the framework of very fundamental risk indicators.
α
Alpha over DOW
0.09
β
Beta against DOW0.51
σ
Overall volatility
9.27
Ir
Information ratio 0.12

L3Harris Technologies 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 L3Harris Technologies for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for L3Harris Technologies can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
L3Harris Technologies generated a negative expected return over the last 90 days
L3Harris Technologies was previously known as L3HARRIS TECHNOLOGIES INC and was traded on New York Stock Exchange under the symbol HRS.
L3Harris Technologies has a strong financial position based on the latest SEC filings
Over 84.0% of the company shares are owned by institutional investors
Latest headline from MacroaxisInsider: Exercise or conversion by James Girard of 6444 shares of L3Harris Technologies subject to Rule 16b-3

L3Harris Technologies 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 L3Harris Stock often depends not only on the future outlook of the current and potential L3Harris Technologies' 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. L3Harris Technologies' indicators that are reflective of the short sentiment are summarized in the table below.
Trailing Annual Dividend Rate3.91
Average Daily Volume Last 10 Day873.34k
Average Daily Volume In Three Month989.67k
Trailing Annual Dividend Yield1.62%

L3Harris Technologies Technical Analysis

L3Harris Technologies' future price can be derived by breaking down and analyzing its technical indicators over time. L3Harris Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of L3Harris Technologies. In general, you should focus on analyzing L3Harris Stock price patterns and their correlations with different microeconomic environments and drivers.

L3Harris Technologies Predictive Forecast Models

L3Harris Technologies time-series forecasting models is one of many L3Harris Technologies' stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae 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. These non-stationary L3Harris Technologies' 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 L3Harris Technologies

Checking the ongoing alerts about L3Harris Technologies for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for L3Harris Technologies help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

L3Harris Technologies Alerts

L3Harris Technologies Alerts and Suggestions

L3Harris Technologies generated a negative expected return over the last 90 days
L3Harris Technologies was previously known as L3HARRIS TECHNOLOGIES INC and was traded on New York Stock Exchange under the symbol HRS.
L3Harris Technologies has a strong financial position based on the latest SEC filings
Over 84.0% of the company shares are owned by institutional investors
Latest headline from MacroaxisInsider: Exercise or conversion by James Girard of 6444 shares of L3Harris Technologies subject to Rule 16b-3
Additionally, see L3Harris Technologies Backtesting, L3Harris Technologies Valuation, L3Harris Technologies Correlation, L3Harris Technologies Hype Analysis, L3Harris Technologies Volatility, L3Harris Technologies History as well as L3Harris Technologies Performance. Note that the L3Harris Technologies information on this page should be used as a complementary analysis to other L3Harris Technologies' 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 Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

Complementary Tools for L3Harris Stock analysis

When running L3Harris Technologies price analysis, check to measure L3Harris Technologies' 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 L3Harris Technologies is operating at the current time. Most of L3Harris Technologies' value examination focuses on studying past and present price action to predict the probability of L3Harris Technologies' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move L3Harris Technologies' price. Additionally, you may evaluate how the addition of L3Harris Technologies to your portfolios can decrease your overall portfolio volatility.
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Is L3Harris Technologies' 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 L3Harris Technologies. If investors know L3Harris 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 L3Harris Technologies 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 YOY
0.087
Market Capitalization
46.9 B
Quarterly Revenue Growth YOY
-0.1
Return On Assets
0.046
Return On Equity
0.0929
The market value of L3Harris Technologies is measured differently than its book value, which is the value of L3Harris that is recorded on the company's balance sheet. Investors also form their own opinion of L3Harris Technologies' value that differs from its market value or its book value, called intrinsic value, which is L3Harris Technologies' 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 L3Harris Technologies' market value can be influenced by many factors that don't directly affect L3Harris Technologies' 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 L3Harris Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine L3Harris Technologies value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, L3Harris Technologies' 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.