Digital Power (Korea) Probability of Future Stock Price Finishing Under 8,012
| 026890 Stock | 8,000 170.00 2.17% |
Digital |
Digital Power Target Price Odds to finish below 8,012
The tendency of Digital 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 below current price in 90 days |
| 8,000 | 90 days | 8,000 | about 40.43 |
Based on a normal probability distribution, the odds of Digital Power to move below current price in 90 days from now is about 40.43 (This Digital Power Communications probability density function shows the probability of Digital Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Digital Power Communications has a beta of -0.37. This suggests as returns on the benchmark increase, returns on holding Digital Power are expected to decrease at a much lower rate. During a bear market, however, Digital Power Communications is likely to outperform the market. Additionally Digital Power Communications has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Digital Power Price Density |
| Price |
Predictive Modules for Digital Power
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Digital Power Commun. 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.Digital Power Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Digital Power is not an exception. The market had few large corrections towards the Digital Power'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 Digital Power Communications, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Digital Power within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.01 | |
β | Beta against Dow Jones | -0.37 | |
σ | Overall volatility | 369.56 | |
Ir | Information ratio | -0.07 |
Digital Power 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 Digital Power for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Digital Power Commun can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Digital Power Commun generated a negative expected return over the last 90 days |
Digital Power Technical Analysis
Digital Power's future price can be derived by breaking down and analyzing its technical indicators over time. Digital Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Digital Power Communications. In general, you should focus on analyzing Digital Stock price patterns and their correlations with different microeconomic environments and drivers.
Digital Power Predictive Forecast Models
Digital Power's time-series forecasting models is one of many Digital Power'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 Digital Power'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 Digital Power Commun
Checking the ongoing alerts about Digital Power for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Digital Power Commun help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Digital Power Commun generated a negative expected return over the last 90 days |
Other Information on Investing in Digital Stock
Digital Power financial ratios help investors to determine whether Digital Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Digital with respect to the benefits of owning Digital Power security.