Great Ajax Corp Probability of Future Stock Price Finishing Under 23.65
| AJXADelisted Stock | USD 24.60 0.00 0.00% |
Great |
Great Ajax Target Price Odds to finish below 23.65
The tendency of Great 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 $ 23.65 or more in 90 days |
| 24.60 | 90 days | 23.65 | about 17.47 |
Based on a normal probability distribution, the odds of Great Ajax to drop to $ 23.65 or more in 90 days from now is about 17.47 (This Great Ajax Corp probability density function shows the probability of Great Stock to fall within a particular range of prices over 90 days) . Probability of Great Ajax Corp price to stay between $ 23.65 and its current price of $24.6 at the end of the 90-day period is about 77.13 .
Given the investment horizon of 90 days Great Ajax Corp has a beta of -0.0689. This suggests as returns on the benchmark increase, returns on holding Great Ajax are expected to decrease at a much lower rate. During a bear market, however, Great Ajax Corp is likely to outperform the market. Additionally Great Ajax Corp has an alpha of 0.0593, implying that it can generate a 0.0593 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Great Ajax Price Density |
| Price |
Predictive Modules for Great Ajax
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Great Ajax Corp. 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 Great Ajax'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.
Great Ajax Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Great Ajax is not an exception. The market had few large corrections towards the Great Ajax'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 Great Ajax Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Great Ajax within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.06 | |
β | Beta against Dow Jones | -0.07 | |
σ | Overall volatility | 0.37 | |
Ir | Information ratio | -0.11 |
Great Ajax 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 Great Ajax for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Great Ajax Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Great Ajax Corp is not yet fully synchronised with the market data | |
| Great Ajax Corp has a very high chance of going through financial distress in the upcoming years | |
| Great Ajax Corp has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| The company reported the previous year's revenue of 62.68 M. Net Loss for the year was (46.96 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Great Ajax Corp currently holds about 47.46 M in cash with (46.46 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.54. |
Great Ajax 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 Great Stock often depends not only on the future outlook of the current and potential Great Ajax'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. Great Ajax's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 24.3 M | |
| Dividends Paid | 20.6 M | |
| Cash And Short Term Investments | 52.8 M |
Great Ajax Technical Analysis
Great Ajax's future price can be derived by breaking down and analyzing its technical indicators over time. Great Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Great Ajax Corp. In general, you should focus on analyzing Great Stock price patterns and their correlations with different microeconomic environments and drivers.
Great Ajax Predictive Forecast Models
Great Ajax's time-series forecasting models is one of many Great Ajax'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 Great Ajax'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 Great Ajax Corp
Checking the ongoing alerts about Great Ajax for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Great Ajax Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Great Ajax Corp is not yet fully synchronised with the market data | |
| Great Ajax Corp has a very high chance of going through financial distress in the upcoming years | |
| Great Ajax Corp has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| The company reported the previous year's revenue of 62.68 M. Net Loss for the year was (46.96 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Great Ajax Corp currently holds about 47.46 M in cash with (46.46 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.54. |
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Other Consideration for investing in Great Stock
If you are still planning to invest in Great Ajax Corp check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Great Ajax's history and understand the potential risks before investing.
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