Dover Stock Probability of Future Stock Price Finishing Over 123.22

DOV
 Stock
  

USD 123.22  4.64  3.91%   

Dover Corp's future price is the expected price of Dover 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 Dover Corp performance during a given time horizon utilizing its historical volatility. Price to Book Value is likely to drop to 5.44 in 2022. Price to Earnings Ratio is likely to drop to 23.04 in 2022.
  
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Dover Corp's implied volatility is one of the determining factors in the pricing options written on Dover Corp. Implied volatility approximates the future value of Dover 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 Dover Corp over a specific time period. For example, 2022-07-15 CALL at $125.0 is a CALL option contract on Dover Corp's common stock with a strick price of 125.0 expiring on 2022-07-15. The contract was last traded on 2022-06-22 at 15:19:18 for $1.5 and, as of today, has 19 days remaining before the expiration. The option is currently trading at a bid price of $0.55, and an ask price of $3.3. The implied volatility as of the 26th of June is 22.9642. View All Dover options

Closest to current price Dover long CALL Option Payoff at Expiration

Continue to Dover Corp Backtesting, Dover Corp Valuation, Dover Corp Correlation, Dover Corp Hype Analysis, Dover Corp Volatility, Dover Corp History as well as Dover Corp Performance. Please specify Dover Corp time horizon, a valid symbol (red box) and a target price (blue box) you would like Dover Corp odds to be computed.
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Dover Corp Target Price Odds to finish over 123.22

The tendency of Dover 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 above the current price in 90 days
 123.22 90 days 123.22  about 89.49
Based on a normal probability distribution, the odds of Dover Corp to move above the current price in 90 days from now is about 89.49 (This Dover Corp probability density function shows the probability of Dover Stock to fall within a particular range of prices over 90 days) .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.05 suggesting Dover Corp market returns are correlated to returns on the market. As the market goes up or down, Dover Corp is expected to follow. Additionally The company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Dover Corp is significantly underperforming DOW.
 Dover Corp Price Density 
      Price 

Predictive Modules for Dover 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 Dover 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 Dover 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 Dover Corp in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
120.23122.25124.27
Details
Intrinsic
Valuation
LowReal ValueHigh
110.90141.19143.21
Details
Naive
Forecast
LowNext ValueHigh
115.63117.65119.67
Details
12 Analysts
Consensus
LowTarget PriceHigh
147.00186.27206.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Dover Corp. Your research has to be compared to or analyzed against Dover Corp's peers to derive any actionable benefits. When done correctly, Dover 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 Dover Corp.

Dover Corp Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Dover Corp is not an exception. The market had few large corrections towards the Dover 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 Dover Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Dover Corp within the framework of very fundamental risk indicators.
α
Alpha over DOW
-0.22
β
Beta against DOW1.05
σ
Overall volatility
12.22
Ir
Information ratio -0.11

Dover 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 Dover Corp for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Dover 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.
Dover Corp generated a negative expected return over the last 90 days
Dover Corp was previously known as DOVER CORP and was traded on New York Stock Exchange under the symbol DOV.
Over 94.0% of the company shares are held by institutions such as insurance companies

Dover 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 Dover Stock often depends not only on the future outlook of the current and potential Dover 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. Dover Corp's indicators that are reflective of the short sentiment are summarized in the table below.
Shares Percent Shares Out1.40%
Trailing Annual Dividend Rate1.99
Short Percent Of Float1.59%
Float Shares143.49M
Average Daily Volume Last 10 Day783.27k
Shares Short Prior Month1.04M
Average Daily Volume In Three Month956.41k
Date Short Interest29th of April 2022
Trailing Annual Dividend Yield1.66%

Dover Corp Technical Analysis

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

Dover Corp Predictive Forecast Models

Dover Corp time-series forecasting models is one of many Dover 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 Dover 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 Dover Corp

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

Dover Corp Alerts

Dover Corp Alerts and Suggestions

Dover Corp generated a negative expected return over the last 90 days
Dover Corp was previously known as DOVER CORP and was traded on New York Stock Exchange under the symbol DOV.
Over 94.0% of the company shares are held by institutions such as insurance companies
Continue to Dover Corp Backtesting, Dover Corp Valuation, Dover Corp Correlation, Dover Corp Hype Analysis, Dover Corp Volatility, Dover Corp History as well as Dover Corp Performance. Note that the Dover Corp information on this page should be used as a complementary analysis to other Dover 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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

Complementary Tools for Dover Stock analysis

When running Dover Corp price analysis, check to measure Dover 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 Dover Corp is operating at the current time. Most of Dover Corp's value examination focuses on studying past and present price action to predict the probability of Dover Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Dover Corp's price. Additionally, you may evaluate how the addition of Dover Corp to your portfolios can decrease your overall portfolio volatility.
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Is Dover 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 Dover Corp. If investors know Dover 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 Dover 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
-0.031
Market Capitalization
17.8 B
Quarterly Revenue Growth YOY
0.099
Return On Assets
0.0823
Return On Equity
0.29
The market value of Dover Corp is measured differently than its book value, which is the value of Dover that is recorded on the company's balance sheet. Investors also form their own opinion of Dover Corp's value that differs from its market value or its book value, called intrinsic value, which is Dover 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 Dover Corp's market value can be influenced by many factors that don't directly affect Dover 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 Dover Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Dover Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dover 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.