Championx Stock Probability of Future Stock Price Finishing Over 21.43

CHX
 Stock
  

USD 21.39  1.04  4.64%   

Championx Corp's future price is the expected price of Championx Corp 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 Championx Corp performance during a given time horizon utilizing its historical volatility. Price to Sales Ratio is likely to rise to 1.39 in 2022, whereas Price to Book Value is likely to drop 2.15 in 2022.
  
Championx Corp's implied volatility is one of the determining factors in the pricing options written on Championx Corp. Implied volatility approximates the future value of Championx Corp 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 Championx Corp over a specific time period. For example, 2022-08-19 CALL at $22.5 is a CALL option contract on Championx Corp's common stock with a strick price of 22.5 expiring on 2022-08-19. The contract was last traded on 2022-08-18 at 12:47:00 for $0.05 and, as of today, has 0 days remaining before the expiration. The option is currently trading at a bid price of $0.1, and an ask price of $0.25. The implied volatility as of the 19th of August is 44.3169. View All Championx options

Closest to current price Championx long CALL Option Payoff at Expiration

Continue to Championx Corp Backtesting, Championx Corp Valuation, Championx Corp Correlation, Championx Corp Hype Analysis, Championx Corp Volatility, Championx Corp History as well as Championx Corp Performance. Please specify Championx Corp time horizon, a valid symbol (red box) and a target price (blue box) you would like Championx Corp odds to be computed.

Championx Corp Target Price Odds to finish over 21.43

The tendency of Championx 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 $ 21.43  or more in 90 days
 21.39 90 days 21.43 
about 42.75
Based on a normal probability distribution, the odds of Championx Corp to move over $ 21.43  or more in 90 days from now is about 42.75 (This Championx Corp probability density function shows the probability of Championx Stock to fall within a particular range of prices over 90 days) . Probability of Championx Corp price to stay between its current price of $ 21.39  and $ 21.43  at the end of the 90-day period is near 1 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.23 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Championx Corp will likely underperform. Additionally The company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Championx Corp is significantly underperforming DOW.
   Championx Corp Price Density   
       Price  

Predictive Modules for Championx Corp

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Championx Corp. 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 Championx Corp'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. Please use the tools below to analyze the current value of Championx Corp in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
19.0522.4225.79
Details
Intrinsic
Valuation
LowReal ValueHigh
20.4823.8527.22
Details
Naive
Forecast
LowNext ValueHigh
18.4421.8125.18
Details
7 Analysts
Consensus
LowTarget PriceHigh
25.0029.2935.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Championx Corp. Your research has to be compared to or analyzed against Championx Corp's peers to derive any actionable benefits. When done correctly, Championx Corp's 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 Championx Corp.

Championx Corp Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Championx Corp is not an exception. The market had few large corrections towards the Championx Corp'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 Championx Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Championx Corp within the framework of very fundamental risk indicators.
α
Alpha over DOW
-0.0035
β
Beta against DOW1.23
σ
Overall volatility
1.86
Ir
Information ratio 0.004342

Championx Corp 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 Championx Corp for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Championx Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Championx Corp has very high historical volatility over the last 90 days
Championx Corp has a strong financial position based on the latest SEC filings
On 29th of July 2022 Championx Corp paid $ 0.075 per share dividend to its current shareholders
Latest headline from www.nasdaq.com: Is ChampionX Corporations Recent Stock Performance Influenced By Its Fundamentals In Any Way - Nasdaq

Championx Corp 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 Championx Stock often depends not only on the future outlook of the current and potential Championx Corp'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. Championx Corp's indicators that are reflective of the short sentiment are summarized in the table below.
Last Dividend Date30th of June 2022
Shares Percent Shares Out3.73%
Trailing Annual Dividend Rate0.15
Short Percent Of Float4.25%
Float Shares201.43M
Average Daily Volume Last 10 Day1.39M
Shares Short Prior Month7.69M
Average Daily Volume In Three Month1.95M
Date Short Interest29th of July 2022

Championx Corp Technical Analysis

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

Championx Corp Predictive Forecast Models

Championx Corp time-series forecasting models is one of many Championx Corp's 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 Championx Corp'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 Championx Corp

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

Championx Corp Alerts

Championx Corp Alerts and Suggestions

Championx Corp has very high historical volatility over the last 90 days
Championx Corp has a strong financial position based on the latest SEC filings
On 29th of July 2022 Championx Corp paid $ 0.075 per share dividend to its current shareholders
Latest headline from www.nasdaq.com: Is ChampionX Corporations Recent Stock Performance Influenced By Its Fundamentals In Any Way - Nasdaq
Continue to Championx Corp Backtesting, Championx Corp Valuation, Championx Corp Correlation, Championx Corp Hype Analysis, Championx Corp Volatility, Championx Corp History as well as Championx Corp Performance. Note that the Championx Corp information on this page should be used as a complementary analysis to other Championx Corp'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 Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.

Complementary Tools for Championx Stock analysis

When running Championx Corp price analysis, check to measure Championx Corp'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 Championx Corp is operating at the current time. Most of Championx Corp's value examination focuses on studying past and present price action to predict the probability of Championx Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Championx Corp's price. Additionally, you may evaluate how the addition of Championx Corp to your portfolios can decrease your overall portfolio volatility.
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Is Championx Corp'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 Championx Corp. If investors know Championx 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 Championx Corp 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
3.33
Market Capitalization
4.5 B
Quarterly Revenue Growth YOY
0.25
Return On Assets
0.0502
Return On Equity
0.0982
The market value of Championx Corp is measured differently than its book value, which is the value of Championx that is recorded on the company's balance sheet. Investors also form their own opinion of Championx Corp's value that differs from its market value or its book value, called intrinsic value, which is Championx Corp'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 Championx Corp's market value can be influenced by many factors that don't directly affect Championx Corp'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 Championx Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Championx Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Championx Corp'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.