BORR DRILLING (Germany) Probability of Future Stock Price Finishing Under 0.03
| B2W Stock | 3.51 0.09 2.63% |
BORR |
BORR DRILLING Target Price Odds to finish below 0.03
The tendency of BORR 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 0.03 or more in 90 days |
| 3.51 | 90 days | 0.03 | near 1 |
Based on a normal probability distribution, the odds of BORR DRILLING to drop to 0.03 or more in 90 days from now is near 1 (This BORR DRILLING NEW probability density function shows the probability of BORR Stock to fall within a particular range of prices over 90 days) . Probability of BORR DRILLING NEW price to stay between 0.03 and its current price of 3.51 at the end of the 90-day period is about 6.24 .
Assuming the 90 days horizon the stock has the beta coefficient of 1.79 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, BORR DRILLING will likely underperform. Additionally BORR DRILLING NEW 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. BORR DRILLING Price Density |
| Price |
Predictive Modules for BORR DRILLING
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as BORR DRILLING NEW. 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.BORR DRILLING Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. BORR DRILLING is not an exception. The market had few large corrections towards the BORR DRILLING'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 BORR DRILLING NEW, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of BORR DRILLING within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.81 | |
β | Beta against Dow Jones | 1.79 | |
σ | Overall volatility | 0.58 | |
Ir | Information ratio | -0.21 |
BORR DRILLING 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 BORR DRILLING for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for BORR DRILLING NEW can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| BORR DRILLING NEW generated a negative expected return over the last 90 days | |
| BORR DRILLING NEW has high historical volatility and very poor performance |
BORR DRILLING Technical Analysis
BORR DRILLING's future price can be derived by breaking down and analyzing its technical indicators over time. BORR Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of BORR DRILLING NEW. In general, you should focus on analyzing BORR Stock price patterns and their correlations with different microeconomic environments and drivers.
BORR DRILLING Predictive Forecast Models
BORR DRILLING's time-series forecasting models is one of many BORR DRILLING'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 BORR DRILLING'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 BORR DRILLING NEW
Checking the ongoing alerts about BORR DRILLING for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for BORR DRILLING NEW help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| BORR DRILLING NEW generated a negative expected return over the last 90 days | |
| BORR DRILLING NEW has high historical volatility and very poor performance |
Other Information on Investing in BORR Stock
BORR DRILLING financial ratios help investors to determine whether BORR 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 BORR with respect to the benefits of owning BORR DRILLING security.