Medicover (Germany) Probability of Future Stock Price Finishing Under 15.21
| 5M0B Stock | EUR 15.14 0.16 1.05% |
Medicover |
Medicover Target Price Odds to finish below 15.21
The tendency of Medicover 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 € 15.21 after 90 days |
| 15.14 | 90 days | 15.21 | about 12.43 |
Based on a normal probability distribution, the odds of Medicover to stay under € 15.21 after 90 days from now is about 12.43 (This Medicover AB probability density function shows the probability of Medicover Stock to fall within a particular range of prices over 90 days) . Probability of Medicover AB price to stay between its current price of € 15.14 and € 15.21 at the end of the 90-day period is roughly 2.0 .
Assuming the 90 days trading horizon Medicover has a beta of 0.26. This suggests as returns on the market go up, Medicover average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Medicover AB will be expected to be much smaller as well. Additionally Medicover AB 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. Medicover Price Density |
| Price |
Predictive Modules for Medicover
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Medicover AB. 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.Medicover Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Medicover is not an exception. The market had few large corrections towards the Medicover'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 Medicover AB, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Medicover within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.11 | |
β | Beta against Dow Jones | 0.26 | |
σ | Overall volatility | 0.68 | |
Ir | Information ratio | -0.15 |
Medicover 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 Medicover for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Medicover AB can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Medicover AB generated a negative expected return over the last 90 days | |
| Medicover AB has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Medicover AB has accumulated 375.8 M in total debt with debt to equity ratio (D/E) of 116.8, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Medicover AB has a current ratio of 0.85, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Medicover until it has trouble settling it off, either with new capital or with free cash flow. So, Medicover's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Medicover AB sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Medicover to invest in growth at high rates of return. When we think about Medicover's use of debt, we should always consider it together with cash and equity. | |
| About 13.0% of Medicover shares are owned by insiders or employees |
Medicover 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 Medicover Stock often depends not only on the future outlook of the current and potential Medicover'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. Medicover's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 148.4 M |
Medicover Technical Analysis
Medicover's future price can be derived by breaking down and analyzing its technical indicators over time. Medicover Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Medicover AB. In general, you should focus on analyzing Medicover Stock price patterns and their correlations with different microeconomic environments and drivers.
Medicover Predictive Forecast Models
Medicover's time-series forecasting models is one of many Medicover'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 Medicover'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 Medicover AB
Checking the ongoing alerts about Medicover for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Medicover AB help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Medicover AB generated a negative expected return over the last 90 days | |
| Medicover AB has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Medicover AB has accumulated 375.8 M in total debt with debt to equity ratio (D/E) of 116.8, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Medicover AB has a current ratio of 0.85, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Medicover until it has trouble settling it off, either with new capital or with free cash flow. So, Medicover's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Medicover AB sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Medicover to invest in growth at high rates of return. When we think about Medicover's use of debt, we should always consider it together with cash and equity. | |
| About 13.0% of Medicover shares are owned by insiders or employees |
Other Information on Investing in Medicover Stock
Medicover financial ratios help investors to determine whether Medicover 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 Medicover with respect to the benefits of owning Medicover security.