ONWARD MEDICAL (Germany) Probability of Future Stock Price Finishing Over 4.45
| 63E Stock | 4.47 0.09 2.05% |
ONWARD |
ONWARD MEDICAL Target Price Odds to finish over 4.45
The tendency of ONWARD 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 above 4.45 in 90 days |
| 4.47 | 90 days | 4.45 | about 86.23 |
Based on a normal probability distribution, the odds of ONWARD MEDICAL to stay above 4.45 in 90 days from now is about 86.23 (This ONWARD MEDICAL BV probability density function shows the probability of ONWARD Stock to fall within a particular range of prices over 90 days) . Probability of ONWARD MEDICAL BV price to stay between 4.45 and its current price of 4.47 at the end of the 90-day period is about 1.38 .
Assuming the 90 days horizon ONWARD MEDICAL has a beta of 0.78. This suggests as returns on the market go up, ONWARD MEDICAL average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding ONWARD MEDICAL BV will be expected to be much smaller as well. Additionally ONWARD MEDICAL BV 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. ONWARD MEDICAL Price Density |
| Price |
Predictive Modules for ONWARD MEDICAL
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ONWARD MEDICAL BV. 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.ONWARD MEDICAL Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. ONWARD MEDICAL is not an exception. The market had few large corrections towards the ONWARD MEDICAL'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 ONWARD MEDICAL BV, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of ONWARD MEDICAL within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.15 | |
β | Beta against Dow Jones | 0.78 | |
σ | Overall volatility | 0.33 | |
Ir | Information ratio | -0.05 |
ONWARD MEDICAL 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 ONWARD MEDICAL for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for ONWARD MEDICAL BV can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| ONWARD MEDICAL BV generated a negative expected return over the last 90 days | |
| ONWARD MEDICAL BV has high historical volatility and very poor performance | |
| ONWARD MEDICAL BV has high likelihood to experience some financial distress in the next 2 years | |
| About 41.0% of the company shares are owned by insiders or employees |
ONWARD MEDICAL Technical Analysis
ONWARD MEDICAL's future price can be derived by breaking down and analyzing its technical indicators over time. ONWARD Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of ONWARD MEDICAL BV. In general, you should focus on analyzing ONWARD Stock price patterns and their correlations with different microeconomic environments and drivers.
ONWARD MEDICAL Predictive Forecast Models
ONWARD MEDICAL's time-series forecasting models is one of many ONWARD MEDICAL'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 ONWARD MEDICAL'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 ONWARD MEDICAL BV
Checking the ongoing alerts about ONWARD MEDICAL for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for ONWARD MEDICAL BV help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| ONWARD MEDICAL BV generated a negative expected return over the last 90 days | |
| ONWARD MEDICAL BV has high historical volatility and very poor performance | |
| ONWARD MEDICAL BV has high likelihood to experience some financial distress in the next 2 years | |
| About 41.0% of the company shares are owned by insiders or employees |
Other Information on Investing in ONWARD Stock
ONWARD MEDICAL financial ratios help investors to determine whether ONWARD 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 ONWARD with respect to the benefits of owning ONWARD MEDICAL security.