MyNEWS Holdings (Malaysia) Probability of Future Stock Price Finishing Under 0.63
| 5275 Stock | 0.66 0.02 3.13% |
MyNEWS |
MyNEWS Holdings Target Price Odds to finish below 0.63
The tendency of MyNEWS 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 drop to 0.63 or more in 90 days |
| 0.66 | 90 days | 0.63 | about 72.31 |
Based on a normal probability distribution, the odds of MyNEWS Holdings to drop to 0.63 or more in 90 days from now is about 72.31 (This myNEWS Holdings Bhd probability density function shows the probability of MyNEWS Stock to fall within a particular range of prices over 90 days) . Probability of myNEWS Holdings Bhd price to stay between 0.63 and its current price of 0.66 at the end of the 90-day period is about 26.55 .
Assuming the 90 days trading horizon MyNEWS Holdings has a beta of 0.24. This suggests as returns on the market go up, MyNEWS Holdings average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding myNEWS Holdings Bhd will be expected to be much smaller as well. Additionally MyNEWS Holdings Bhd has an alpha of 0.1681, implying that it can generate a 0.17 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). MyNEWS Holdings Price Density |
| Price |
Predictive Modules for MyNEWS Holdings
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as myNEWS Holdings Bhd. 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.MyNEWS Holdings Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. MyNEWS Holdings is not an exception. The market had few large corrections towards the MyNEWS Holdings' 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 myNEWS Holdings Bhd, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of MyNEWS Holdings within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.17 | |
β | Beta against Dow Jones | 0.24 | |
σ | Overall volatility | 0.02 | |
Ir | Information ratio | 0.04 |
MyNEWS Holdings 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 MyNEWS Holdings for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for myNEWS Holdings Bhd can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| myNEWS Holdings Bhd has some characteristics of a very speculative penny stock |
MyNEWS Holdings Technical Analysis
MyNEWS Holdings' future price can be derived by breaking down and analyzing its technical indicators over time. MyNEWS Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of myNEWS Holdings Bhd. In general, you should focus on analyzing MyNEWS Stock price patterns and their correlations with different microeconomic environments and drivers.
MyNEWS Holdings Predictive Forecast Models
MyNEWS Holdings' time-series forecasting models is one of many MyNEWS Holdings' 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 MyNEWS Holdings' 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 myNEWS Holdings Bhd
Checking the ongoing alerts about MyNEWS Holdings for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for myNEWS Holdings Bhd help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| myNEWS Holdings Bhd has some characteristics of a very speculative penny stock |