HOKURIKU (Germany) Odds of Future Stock Price Finishing Over 5.49
| 6HO Stock | EUR 5.20 0.15 2.80% |
HOKURIKU |
HOKURIKU Target Price Odds to finish over 5.49
The tendency of HOKURIKU 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 € 5.49 or more in 90 days |
| 5.20 | 90 days | 5.49 | about 81.3 |
Based on a normal probability distribution, the odds of HOKURIKU to move over € 5.49 or more in 90 days from now is about 81.3 (This HOKURIKU EL PWR probability density function shows the probability of HOKURIKU Stock to fall within a particular range of prices over 90 days) . Probability of HOKURIKU EL PWR price to stay between its current price of € 5.20 and € 5.49 at the end of the 90-day period is about 16.22 .
Assuming the 90 days horizon HOKURIKU EL PWR has a beta of -0.32. This suggests as returns on the benchmark increase, returns on holding HOKURIKU are expected to decrease at a much lower rate. During a bear market, however, HOKURIKU EL PWR is likely to outperform the market. Additionally HOKURIKU EL PWR 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. HOKURIKU Price Density |
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Predictive Modules for HOKURIKU
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as HOKURIKU EL PWR. 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.HOKURIKU Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. HOKURIKU is not an exception. The market had few large corrections towards the HOKURIKU'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 HOKURIKU EL PWR, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of HOKURIKU within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.13 | |
β | Beta against Dow Jones | -0.32 | |
σ | Overall volatility | 0.27 | |
Ir | Information ratio | -0.1 |
HOKURIKU 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 HOKURIKU for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for HOKURIKU EL PWR can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| HOKURIKU EL PWR generated a negative expected return over the last 90 days | |
| HOKURIKU EL PWR has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 773.14 B. Net Loss for the year was (510 M) with loss before overhead, payroll, taxes, and interest of (16.39 B). | |
| About 13.0% of the company shares are owned by insiders or employees |
HOKURIKU Technical Analysis
HOKURIKU's future price can be derived by breaking down and analyzing its technical indicators over time. HOKURIKU Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of HOKURIKU EL PWR. In general, you should focus on analyzing HOKURIKU Stock price patterns and their correlations with different microeconomic environments and drivers.
HOKURIKU Predictive Forecast Models
HOKURIKU's time-series forecasting models is one of many HOKURIKU'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 HOKURIKU'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 HOKURIKU EL PWR
Checking the ongoing alerts about HOKURIKU for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for HOKURIKU EL PWR help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| HOKURIKU EL PWR generated a negative expected return over the last 90 days | |
| HOKURIKU EL PWR has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 773.14 B. Net Loss for the year was (510 M) with loss before overhead, payroll, taxes, and interest of (16.39 B). | |
| About 13.0% of the company shares are owned by insiders or employees |
Other Information on Investing in HOKURIKU Stock
HOKURIKU financial ratios help investors to determine whether HOKURIKU 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 HOKURIKU with respect to the benefits of owning HOKURIKU security.