Above Food Ingredients Stock Probability of Future Stock Price Finishing Under 0.54
| ABVE Stock | 0.67 0.02 2.90% |
Above |
Above Food Target Price Odds to finish below 0.54
The tendency of Above 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 drop to 0.54 or more in 90 days |
| 0.67 | 90 days | 0.54 | about 34.36 |
Based on a normal probability distribution, the odds of Above Food to drop to 0.54 or more in 90 days from now is about 34.36 (This Above Food Ingredients probability density function shows the probability of Above Stock to fall within a particular range of prices over 90 days) . Probability of Above Food Ingredients price to stay between 0.54 and its current price of 0.67 at the end of the 90-day period is about 47.13 .
Given the investment horizon of 90 days Above Food Ingredients has a beta of -0.0445. This suggests as returns on the benchmark increase, returns on holding Above Food are expected to decrease at a much lower rate. During a bear market, however, Above Food Ingredients is likely to outperform the market. Additionally Above Food Ingredients 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. Above Food Price Density |
| Price |
Predictive Modules for Above Food
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Above Food Ingredients. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Above Food's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Above Food Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Above Food is not an exception. The market had few large corrections towards the Above Food'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 Above Food Ingredients, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Above Food within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.02 | |
β | Beta against Dow Jones | -0.04 | |
σ | Overall volatility | 0.10 | |
Ir | Information ratio | -0.02 |
Above Food 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 Above Food for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Above Food Ingredients can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Above Food had very high historical volatility over the last 90 days | |
| Above Food has some characteristics of a very speculative penny stock | |
| Above Food has high likelihood to experience some financial distress in the next 2 years | |
| Above Food Ingredients was previously known as BITE and was traded on NASDAQ Exchange under the symbol BITE. | |
| The company reported the previous year's revenue of 368.42 M. Net Loss for the year was (53.31 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| About 19.0% of the company shares are held by company insiders |
Above Food 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 Above Stock often depends not only on the future outlook of the current and potential Above Food'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. Above Food's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 8.6 M | |
| Cash And Short Term Investments | 952.3 K |
Above Food Technical Analysis
Above Food's future price can be derived by breaking down and analyzing its technical indicators over time. Above Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Above Food Ingredients. In general, you should focus on analyzing Above Stock price patterns and their correlations with different microeconomic environments and drivers.
Above Food Predictive Forecast Models
Above Food's time-series forecasting models is one of many Above Food'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 Above Food'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 Above Food Ingredients
Checking the ongoing alerts about Above Food for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Above Food Ingredients help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Above Food had very high historical volatility over the last 90 days | |
| Above Food has some characteristics of a very speculative penny stock | |
| Above Food has high likelihood to experience some financial distress in the next 2 years | |
| Above Food Ingredients was previously known as BITE and was traded on NASDAQ Exchange under the symbol BITE. | |
| The company reported the previous year's revenue of 368.42 M. Net Loss for the year was (53.31 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| About 19.0% of the company shares are held by company insiders |
Check out Above Food Backtesting, Above Food Valuation, Above Food Correlation, Above Food Hype Analysis, Above Food Volatility, Above Food History as well as Above Food Performance. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Is Agricultural Products & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Above Food. If investors know Above will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Above Food listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.52) | Revenue Per Share 4.753 | Quarterly Revenue Growth (0.23) | Return On Assets (0.16) |
The market value of Above Food Ingredients is measured differently than its book value, which is the value of Above that is recorded on the company's balance sheet. Investors also form their own opinion of Above Food's value that differs from its market value or its book value, called intrinsic value, which is Above Food's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Above Food's market value can be influenced by many factors that don't directly affect Above Food's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Above Food's value and its price as these two are different measures arrived at by different means. Investors typically determine if Above Food is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Above Food's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.