LEGACY IRON (Germany) Probability of Future Stock Price Finishing Over 0.0104
| A43 Stock | EUR 0.01 0.00 0.00% |
LEGACY |
LEGACY IRON Target Price Odds to finish over 0.0104
The tendency of LEGACY 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 € 0.01 in 90 days |
| 0.01 | 90 days | 0.01 | roughly 96.0 |
Based on a normal probability distribution, the odds of LEGACY IRON to stay above € 0.01 in 90 days from now is roughly 96.0 (This LEGACY IRON ORE probability density function shows the probability of LEGACY Stock to fall within a particular range of prices over 90 days) . Probability of LEGACY IRON ORE price to stay between € 0.01 and its current price of €0.0105 at the end of the 90-day period is about 1.95 .
Assuming the 90 days trading horizon LEGACY IRON has a beta of 0.12. This suggests as returns on the market go up, LEGACY IRON average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding LEGACY IRON ORE will be expected to be much smaller as well. Additionally LEGACY IRON ORE 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. LEGACY IRON Price Density |
| Price |
Predictive Modules for LEGACY IRON
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as LEGACY IRON ORE. 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.LEGACY IRON Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. LEGACY IRON is not an exception. The market had few large corrections towards the LEGACY IRON'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 LEGACY IRON ORE, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of LEGACY IRON within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.17 | |
β | Beta against Dow Jones | 0.12 | |
σ | Overall volatility | 0.0005 | |
Ir | Information ratio | -0.23 |
LEGACY IRON 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 LEGACY IRON for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for LEGACY IRON ORE can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| LEGACY IRON ORE generated a negative expected return over the last 90 days | |
| LEGACY IRON ORE has some characteristics of a very speculative penny stock |
LEGACY IRON 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 LEGACY Stock often depends not only on the future outlook of the current and potential LEGACY IRON'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. LEGACY IRON's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 6.4 B | |
| Short Term Investments | 7 M |
LEGACY IRON Technical Analysis
LEGACY IRON's future price can be derived by breaking down and analyzing its technical indicators over time. LEGACY Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of LEGACY IRON ORE. In general, you should focus on analyzing LEGACY Stock price patterns and their correlations with different microeconomic environments and drivers.
LEGACY IRON Predictive Forecast Models
LEGACY IRON's time-series forecasting models is one of many LEGACY IRON'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 LEGACY IRON'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 LEGACY IRON ORE
Checking the ongoing alerts about LEGACY IRON for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for LEGACY IRON ORE help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| LEGACY IRON ORE generated a negative expected return over the last 90 days | |
| LEGACY IRON ORE has some characteristics of a very speculative penny stock |
Other Information on Investing in LEGACY Stock
LEGACY IRON financial ratios help investors to determine whether LEGACY 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 LEGACY with respect to the benefits of owning LEGACY IRON security.