NicOx SA (France) Odds of Future Stock Price Finishing Over 0.28
| ALCOX Stock | 0.28 0.00 0.00% |
NicOx |
NicOx SA Target Price Odds to finish over 0.28
The tendency of NicOx 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 above the current price in 90 days |
| 0.28 | 90 days | 0.28 | about 14.71 |
Based on a normal probability distribution, the odds of NicOx SA to move above the current price in 90 days from now is about 14.71 (This NicOx SA probability density function shows the probability of NicOx Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon the stock has the beta coefficient of 1.41 . This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, NicOx SA will likely underperform. Moreover NicOx SA has an alpha of 1.1791, implying that it can generate a 1.18 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). NicOx SA Price Density |
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Predictive Modules for NicOx SA
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as NicOx SA. 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 NicOx SA'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.
NicOx SA Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. NicOx SA is not an exception. The market had few large corrections towards the NicOx SA'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 NicOx SA, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of NicOx SA within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 1.18 | |
β | Beta against Dow Jones | 1.41 | |
σ | Overall volatility | 0.03 | |
Ir | Information ratio | 0.12 |
NicOx SA 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 NicOx SA for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for NicOx SA can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| NicOx SA is way too risky over 90 days horizon | |
| NicOx SA has some characteristics of a very speculative penny stock | |
| NicOx SA appears to be risky and price may revert if volatility continues |
NicOx SA Technical Analysis
NicOx SA's future price can be derived by breaking down and analyzing its technical indicators over time. NicOx Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of NicOx SA. In general, you should focus on analyzing NicOx Stock price patterns and their correlations with different microeconomic environments and drivers.
NicOx SA Predictive Forecast Models
NicOx SA's time-series forecasting models is one of many NicOx SA'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 NicOx SA'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 NicOx SA
Checking the ongoing alerts about NicOx SA for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for NicOx SA help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| NicOx SA is way too risky over 90 days horizon | |
| NicOx SA has some characteristics of a very speculative penny stock | |
| NicOx SA appears to be risky and price may revert if volatility continues |
Additional Tools for NicOx Stock Analysis
When running NicOx SA's price analysis, check to measure NicOx SA's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NicOx SA is operating at the current time. Most of NicOx SA's value examination focuses on studying past and present price action to predict the probability of NicOx SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NicOx SA's price. Additionally, you may evaluate how the addition of NicOx SA to your portfolios can decrease your overall portfolio volatility.