ALSO Holding (UK) Probability of Future Stock Price Finishing Under 256.22
| 0QLW Stock | 230.75 2.25 0.98% |
ALSO |
ALSO Holding Target Price Odds to finish below 256.22
The tendency of ALSO 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 stay under 256.22 after 90 days |
| 230.75 | 90 days | 256.22 | about 65.7 |
Based on a normal probability distribution, the odds of ALSO Holding to stay under 256.22 after 90 days from now is about 65.7 (This ALSO Holding AG probability density function shows the probability of ALSO Stock to fall within a particular range of prices over 90 days) . Probability of ALSO Holding AG price to stay between its current price of 230.75 and 256.22 at the end of the 90-day period is about 56.42 .
Assuming the 90 days trading horizon ALSO Holding AG has a beta of -0.35. This suggests as returns on the benchmark increase, returns on holding ALSO Holding are expected to decrease at a much lower rate. During a bear market, however, ALSO Holding AG is likely to outperform the market. Additionally ALSO Holding AG 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. ALSO Holding Price Density |
| Price |
Predictive Modules for ALSO Holding
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ALSO Holding AG. 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.ALSO Holding Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. ALSO Holding is not an exception. The market had few large corrections towards the ALSO Holding'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 ALSO Holding AG, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of ALSO Holding within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.15 | |
β | Beta against Dow Jones | -0.35 | |
σ | Overall volatility | 14.79 | |
Ir | Information ratio | -0.24 |
ALSO Holding 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 ALSO Holding for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for ALSO Holding AG can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| ALSO Holding AG generated a negative expected return over the last 90 days | |
| About 51.0% of the company shares are owned by insiders or employees |
ALSO Holding 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 ALSO Stock often depends not only on the future outlook of the current and potential ALSO Holding'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. ALSO Holding's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 12.3 M | |
| Cash And Short Term Investments | 666.2 M |
ALSO Holding Technical Analysis
ALSO Holding's future price can be derived by breaking down and analyzing its technical indicators over time. ALSO Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of ALSO Holding AG. In general, you should focus on analyzing ALSO Stock price patterns and their correlations with different microeconomic environments and drivers.
ALSO Holding Predictive Forecast Models
ALSO Holding's time-series forecasting models is one of many ALSO Holding'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 ALSO Holding'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 ALSO Holding AG
Checking the ongoing alerts about ALSO Holding for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for ALSO Holding AG help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| ALSO Holding AG generated a negative expected return over the last 90 days | |
| About 51.0% of the company shares are owned by insiders or employees |
Additional Tools for ALSO Stock Analysis
When running ALSO Holding's price analysis, check to measure ALSO Holding'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 ALSO Holding is operating at the current time. Most of ALSO Holding's value examination focuses on studying past and present price action to predict the probability of ALSO Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ALSO Holding's price. Additionally, you may evaluate how the addition of ALSO Holding to your portfolios can decrease your overall portfolio volatility.