JOYY INCSPADR/20 (Germany) Probability of Future Stock Price Finishing Over 35.62
| 0YYA Stock | EUR 34.20 0.60 1.79% |
JOYY |
JOYY INCSPADR/20 Target Price Odds to finish over 35.62
The tendency of JOYY 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 over € 35.62 or more in 90 days |
| 34.20 | 90 days | 35.62 | near 1 |
Based on a normal probability distribution, the odds of JOYY INCSPADR/20 to move over € 35.62 or more in 90 days from now is near 1 (This JOYY INCSPADR20 CLA probability density function shows the probability of JOYY Stock to fall within a particular range of prices over 90 days) . Probability of JOYY INCSPADR20 CLA price to stay between its current price of € 34.20 and € 35.62 at the end of the 90-day period is about 1.27 .
Assuming the 90 days trading horizon JOYY INCSPADR/20 has a beta of 0.29. This suggests as returns on the market go up, JOYY INCSPADR/20 average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding JOYY INCSPADR20 CLA will be expected to be much smaller as well. Additionally JOYY INCSPADR20 CLA has an alpha of 0.1437, implying that it can generate a 0.14 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). JOYY INCSPADR/20 Price Density |
| Price |
Predictive Modules for JOYY INCSPADR/20
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as JOYY INCSPADR20 CLA. 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.JOYY INCSPADR/20 Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. JOYY INCSPADR/20 is not an exception. The market had few large corrections towards the JOYY INCSPADR/20'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 JOYY INCSPADR20 CLA, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of JOYY INCSPADR/20 within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.14 | |
β | Beta against Dow Jones | 0.29 | |
σ | Overall volatility | 1.04 | |
Ir | Information ratio | 0.03 |
JOYY INCSPADR/20 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 JOYY INCSPADR/20 for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for JOYY INCSPADR20 CLA can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| JOYY INCSPADR20 CLA has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 2.62 B. Net Loss for the year was (89.53 M) with profit before overhead, payroll, taxes, and interest of 837.9 M. | |
| About 69.0% of the company shares are owned by institutions such as pension funds |
JOYY INCSPADR/20 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 JOYY Stock often depends not only on the future outlook of the current and potential JOYY INCSPADR/20'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. JOYY INCSPADR/20's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.5 B |
JOYY INCSPADR/20 Technical Analysis
JOYY INCSPADR/20's future price can be derived by breaking down and analyzing its technical indicators over time. JOYY Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of JOYY INCSPADR20 CLA. In general, you should focus on analyzing JOYY Stock price patterns and their correlations with different microeconomic environments and drivers.
JOYY INCSPADR/20 Predictive Forecast Models
JOYY INCSPADR/20's time-series forecasting models is one of many JOYY INCSPADR/20'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 JOYY INCSPADR/20'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 JOYY INCSPADR20 CLA
Checking the ongoing alerts about JOYY INCSPADR/20 for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for JOYY INCSPADR20 CLA help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| JOYY INCSPADR20 CLA has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 2.62 B. Net Loss for the year was (89.53 M) with profit before overhead, payroll, taxes, and interest of 837.9 M. | |
| About 69.0% of the company shares are owned by institutions such as pension funds |
Other Information on Investing in JOYY Stock
JOYY INCSPADR/20 financial ratios help investors to determine whether JOYY 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 JOYY with respect to the benefits of owning JOYY INCSPADR/20 security.