NORDHEALTH (Germany) Probability of Future Stock Price Finishing Over 3.07
| 6E5 Stock | 3.07 0.01 0.33% |
NORDHEALTH |
NORDHEALTH Target Price Odds to finish over 3.07
The tendency of NORDHEALTH 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 above the current price in 90 days |
| 3.07 | 90 days | 3.07 | about 6.68 |
Based on a normal probability distribution, the odds of NORDHEALTH to move above the current price in 90 days from now is about 6.68 (This NORDHEALTH AS NK probability density function shows the probability of NORDHEALTH Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon NORDHEALTH has a beta of 0.91. This suggests NORDHEALTH AS NK market returns are reactive to returns on the market. As the market goes up or down, NORDHEALTH is expected to follow. Additionally NORDHEALTH AS NK has an alpha of 0.1217, implying that it can generate a 0.12 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). NORDHEALTH Price Density |
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Predictive Modules for NORDHEALTH
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as NORDHEALTH AS NK. 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.NORDHEALTH Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. NORDHEALTH is not an exception. The market had few large corrections towards the NORDHEALTH'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 NORDHEALTH AS NK, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of NORDHEALTH within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.12 | |
β | Beta against Dow Jones | 0.91 | |
σ | Overall volatility | 0.14 | |
Ir | Information ratio | 0.02 |
NORDHEALTH 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 NORDHEALTH for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for NORDHEALTH AS NK can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| NORDHEALTH AS NK had very high historical volatility over the last 90 days |
NORDHEALTH Technical Analysis
NORDHEALTH's future price can be derived by breaking down and analyzing its technical indicators over time. NORDHEALTH Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of NORDHEALTH AS NK. In general, you should focus on analyzing NORDHEALTH Stock price patterns and their correlations with different microeconomic environments and drivers.
NORDHEALTH Predictive Forecast Models
NORDHEALTH's time-series forecasting models is one of many NORDHEALTH'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 NORDHEALTH'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 NORDHEALTH AS NK
Checking the ongoing alerts about NORDHEALTH for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for NORDHEALTH AS NK help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| NORDHEALTH AS NK had very high historical volatility over the last 90 days |