DexCom (Brazil) Chance of Future Stock Price Finishing Under 3.55
| D1EX34 Stock | BRL 9.65 0.17 1.79% |
DexCom |
DexCom Target Price Odds to finish below 3.55
The tendency of DexCom 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 R$ 3.55 or more in 90 days |
| 9.65 | 90 days | 3.55 | near 1 |
Based on a normal probability distribution, the odds of DexCom to drop to R$ 3.55 or more in 90 days from now is near 1 (This DexCom Inc probability density function shows the probability of DexCom Stock to fall within a particular range of prices over 90 days) . Probability of DexCom Inc price to stay between R$ 3.55 and its current price of R$9.65 at the end of the 90-day period is about 98.0 .
Assuming the 90 days trading horizon DexCom Inc has a beta of -0.11 suggesting as returns on the benchmark increase, returns on holding DexCom are expected to decrease at a much lower rate. During a bear market, however, DexCom Inc is likely to outperform the market. Additionally DexCom Inc has an alpha of 0.4175, implying that it can generate a 0.42 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). DexCom Price Density |
| Price |
Predictive Modules for DexCom
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as DexCom Inc. 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.DexCom Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. DexCom is not an exception. The market had few large corrections towards the DexCom'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 DexCom Inc, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of DexCom within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.42 | |
β | Beta against Dow Jones | -0.11 | |
σ | Overall volatility | 0.72 | |
Ir | Information ratio | 0.11 |
DexCom 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 DexCom Stock often depends not only on the future outlook of the current and potential DexCom'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. DexCom's indicators that are reflective of the short sentiment are summarized in the table below.
| Float Shares | 96.22M | |
| Average Daily Volume Last 10 Day | 365 | |
| Average Daily Volume In Three Month | 1.91k |
DexCom Technical Analysis
DexCom's future price can be derived by breaking down and analyzing its technical indicators over time. DexCom Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of DexCom Inc. In general, you should focus on analyzing DexCom Stock price patterns and their correlations with different microeconomic environments and drivers.
DexCom Predictive Forecast Models
DexCom's time-series forecasting models is one of many DexCom'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 DexCom'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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards DexCom in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, DexCom's short interest history, or implied volatility extrapolated from DexCom options trading.
Additional Information and Resources on Investing in DexCom Stock
When determining whether DexCom Inc is a strong investment it is important to analyze DexCom's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact DexCom's future performance. For an informed investment choice regarding DexCom Stock, refer to the following important reports:Check out DexCom Backtesting, DexCom Valuation, DexCom Correlation, DexCom Hype Analysis, DexCom Volatility, DexCom History as well as DexCom Performance. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.