ASOS Plc (UK) Odds of Future Stock Price Finishing Under 376.0
| ASC Stock | 384.40 3.40 0.89% |
ASOS |
ASOS Plc Target Price Odds to finish below 376.0
The tendency of ASOS 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 376.00 or more in 90 days |
| 384.40 | 90 days | 376.00 | about 27.78 |
Based on a normal probability distribution, the odds of ASOS Plc to drop to 376.00 or more in 90 days from now is about 27.78 (This ASOS Plc probability density function shows the probability of ASOS Stock to fall within a particular range of prices over 90 days) . Probability of ASOS Plc price to stay between 376.00 and its current price of 384.4 at the end of the 90-day period is about 9.38 .
Assuming the 90 days trading horizon ASOS Plc has a beta of -0.17. This suggests as returns on the benchmark increase, returns on holding ASOS Plc are expected to decrease at a much lower rate. During a bear market, however, ASOS Plc is likely to outperform the market. Additionally ASOS Plc 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. ASOS Plc Price Density |
| Price |
Predictive Modules for ASOS Plc
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ASOS Plc. 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.ASOS Plc Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. ASOS Plc is not an exception. The market had few large corrections towards the ASOS Plc'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 ASOS Plc, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of ASOS Plc within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.13 | |
β | Beta against Dow Jones | -0.17 | |
σ | Overall volatility | 32.14 | |
Ir | Information ratio | -0.14 |
ASOS Plc 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 ASOS Plc for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for ASOS Plc can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| ASOS Plc generated a negative expected return over the last 90 days | |
| The company reported the revenue of 2.9 B. Net Loss for the year was (338.7 M) with profit before overhead, payroll, taxes, and interest of 1.72 B. | |
| About 51.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: ASOS Plc Sees Significant Share Purchase by Key Investor - TipRanks |
ASOS Plc 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 ASOS Stock often depends not only on the future outlook of the current and potential ASOS Plc'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. ASOS Plc's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 119.1 M | |
| Cash And Short Term Investments | 382.9 M |
ASOS Plc Technical Analysis
ASOS Plc's future price can be derived by breaking down and analyzing its technical indicators over time. ASOS Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of ASOS Plc. In general, you should focus on analyzing ASOS Stock price patterns and their correlations with different microeconomic environments and drivers.
ASOS Plc Predictive Forecast Models
ASOS Plc's time-series forecasting models is one of many ASOS Plc'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 ASOS Plc'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 ASOS Plc
Checking the ongoing alerts about ASOS Plc for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for ASOS Plc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| ASOS Plc generated a negative expected return over the last 90 days | |
| The company reported the revenue of 2.9 B. Net Loss for the year was (338.7 M) with profit before overhead, payroll, taxes, and interest of 1.72 B. | |
| About 51.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: ASOS Plc Sees Significant Share Purchase by Key Investor - TipRanks |
Other Information on Investing in ASOS Stock
ASOS Plc financial ratios help investors to determine whether ASOS 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 ASOS with respect to the benefits of owning ASOS Plc security.