Dromeas SA (Greece) Probability of Future Stock Price Finishing Over 0.28
| DROME Stock | EUR 0.29 0.01 3.33% |
Dromeas |
Dromeas SA Target Price Odds to finish over 0.28
The tendency of Dromeas 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 stay above € 0.28 in 90 days |
| 0.29 | 90 days | 0.28 | under 95 |
Based on a normal probability distribution, the odds of Dromeas SA to stay above € 0.28 in 90 days from now is under 95 (This Dromeas SA probability density function shows the probability of Dromeas Stock to fall within a particular range of prices over 90 days) . Probability of Dromeas SA price to stay between € 0.28 and its current price of €0.29 at the end of the 90-day period is about 15.66 .
Assuming the 90 days trading horizon Dromeas SA has a beta of -0.15 suggesting as returns on the benchmark increase, returns on holding Dromeas SA are expected to decrease at a much lower rate. During a bear market, however, Dromeas SA is likely to outperform the market. Additionally Dromeas SA 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. Dromeas SA Price Density |
| Price |
Predictive Modules for Dromeas 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 Dromeas 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 Dromeas 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.
Dromeas SA Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Dromeas SA is not an exception. The market had few large corrections towards the Dromeas 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 Dromeas SA, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Dromeas SA within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.11 | |
β | Beta against Dow Jones | -0.15 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | -0.11 |
Dromeas 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 Dromeas SA for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Dromeas 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.| Dromeas SA generated a negative expected return over the last 90 days | |
| Dromeas SA has some characteristics of a very speculative penny stock | |
| Dromeas SA has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| About 72.0% of the company shares are held by company insiders |
Dromeas SA Technical Analysis
Dromeas SA's future price can be derived by breaking down and analyzing its technical indicators over time. Dromeas Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Dromeas SA. In general, you should focus on analyzing Dromeas Stock price patterns and their correlations with different microeconomic environments and drivers.
Dromeas SA Predictive Forecast Models
Dromeas SA's time-series forecasting models is one of many Dromeas 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 Dromeas 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 Dromeas SA
Checking the ongoing alerts about Dromeas SA for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Dromeas SA help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Dromeas SA generated a negative expected return over the last 90 days | |
| Dromeas SA has some characteristics of a very speculative penny stock | |
| Dromeas SA has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| About 72.0% of the company shares are held by company insiders |
Other Information on Investing in Dromeas Stock
Dromeas SA financial ratios help investors to determine whether Dromeas 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 Dromeas with respect to the benefits of owning Dromeas SA security.