MYFAIR GOLD (Germany) Probability of Future Stock Price Finishing Over 1.27
| 9M5 Stock | 1.37 0.14 11.38% |
MYFAIR |
MYFAIR GOLD Target Price Odds to finish over 1.27
The tendency of MYFAIR 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 1.27 in 90 days |
| 1.37 | 90 days | 1.27 | about 26.38 |
Based on a normal probability distribution, the odds of MYFAIR GOLD to stay above 1.27 in 90 days from now is about 26.38 (This MYFAIR GOLD P probability density function shows the probability of MYFAIR Stock to fall within a particular range of prices over 90 days) . Probability of MYFAIR GOLD P price to stay between 1.27 and its current price of 1.37 at the end of the 90-day period is about 21.77 .
Assuming the 90 days horizon MYFAIR GOLD has a beta of 0.23. This suggests as returns on the market go up, MYFAIR GOLD average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding MYFAIR GOLD P will be expected to be much smaller as well. Additionally MYFAIR GOLD P has an alpha of 0.3316, implying that it can generate a 0.33 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). MYFAIR GOLD Price Density |
| Price |
Predictive Modules for MYFAIR GOLD
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as MYFAIR GOLD P. 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.MYFAIR GOLD Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. MYFAIR GOLD is not an exception. The market had few large corrections towards the MYFAIR GOLD'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 MYFAIR GOLD P, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of MYFAIR GOLD within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.33 | |
β | Beta against Dow Jones | 0.23 | |
σ | Overall volatility | 0.1 | |
Ir | Information ratio | 0.06 |
MYFAIR GOLD 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 MYFAIR GOLD for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for MYFAIR GOLD P can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| MYFAIR GOLD P may become a speculative penny stock | |
| MYFAIR GOLD P had very high historical volatility over the last 90 days | |
| MYFAIR GOLD P has high likelihood to experience some financial distress in the next 2 years | |
| About 25.0% of the company shares are owned by insiders or employees |
MYFAIR GOLD 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 MYFAIR Stock often depends not only on the future outlook of the current and potential MYFAIR GOLD'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. MYFAIR GOLD's indicators that are reflective of the short sentiment are summarized in the table below.
| Shares Float | 63 M |
MYFAIR GOLD Technical Analysis
MYFAIR GOLD's future price can be derived by breaking down and analyzing its technical indicators over time. MYFAIR Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of MYFAIR GOLD P. In general, you should focus on analyzing MYFAIR Stock price patterns and their correlations with different microeconomic environments and drivers.
MYFAIR GOLD Predictive Forecast Models
MYFAIR GOLD's time-series forecasting models is one of many MYFAIR GOLD'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 MYFAIR GOLD'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 MYFAIR GOLD P
Checking the ongoing alerts about MYFAIR GOLD for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for MYFAIR GOLD P help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| MYFAIR GOLD P may become a speculative penny stock | |
| MYFAIR GOLD P had very high historical volatility over the last 90 days | |
| MYFAIR GOLD P has high likelihood to experience some financial distress in the next 2 years | |
| About 25.0% of the company shares are owned by insiders or employees |
Other Information on Investing in MYFAIR Stock
MYFAIR GOLD financial ratios help investors to determine whether MYFAIR 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 MYFAIR with respect to the benefits of owning MYFAIR GOLD security.