Fitell Ordinary Stock Probability of Future Stock Price Finishing Over 40.07
| FTEL Stock | 28.63 1.63 6.04% |
Fitell |
Fitell Ordinary Target Price Odds to finish over 40.07
The tendency of Fitell 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 over 40.07 or more in 90 days |
| 28.63 | 90 days | 40.07 | near 1 |
Based on a normal probability distribution, the odds of Fitell Ordinary to move over 40.07 or more in 90 days from now is near 1 (This Fitell Ordinary probability density function shows the probability of Fitell Stock to fall within a particular range of prices over 90 days) . Probability of Fitell Ordinary price to stay between its current price of 28.63 and 40.07 at the end of the 90-day period is about 15.94 .
Given the investment horizon of 90 days Fitell Ordinary has a beta of -1.93. This usually indicates as returns on its benchmark rise, returns on holding Fitell Ordinary are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Fitell Ordinary is expected to outperform its benchmark. Moreover Fitell Ordinary has an alpha of 1.5135, implying that it can generate a 1.51 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Fitell Ordinary Price Density |
| Price |
Predictive Modules for Fitell Ordinary
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Fitell Ordinary. 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 Fitell Ordinary'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.
Fitell Ordinary Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Fitell Ordinary is not an exception. The market had few large corrections towards the Fitell Ordinary'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 Fitell Ordinary, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Fitell Ordinary within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 1.51 | |
β | Beta against Dow Jones | -1.93 | |
σ | Overall volatility | 6.92 | |
Ir | Information ratio | 0.10 |
Fitell Ordinary 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 Fitell Ordinary for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Fitell Ordinary can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Fitell Ordinary is way too risky over 90 days horizon | |
| Fitell Ordinary appears to be risky and price may revert if volatility continues | |
| The company reported the previous year's revenue of 4.47 M. Net Loss for the year was (9.31 M) with profit before overhead, payroll, taxes, and interest of 3.64 M. | |
| Fitell Ordinary generates negative cash flow from operations | |
| Fitell Ordinary has a poor financial position based on the latest SEC disclosures | |
| About 58.0% of the company shares are held by company insiders | |
| Latest headline from finance.yahoo.com: First Tellurium Joins U.S. Defense Industrial Base Consortium |
Fitell Ordinary 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 Fitell Stock often depends not only on the future outlook of the current and potential Fitell Ordinary'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. Fitell Ordinary's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 20.1 M | |
| Cash And Short Term Investments | 1.1 M | |
| Shares Float | 2.6 M |
Fitell Ordinary Technical Analysis
Fitell Ordinary's future price can be derived by breaking down and analyzing its technical indicators over time. Fitell Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Fitell Ordinary. In general, you should focus on analyzing Fitell Stock price patterns and their correlations with different microeconomic environments and drivers.
Fitell Ordinary Predictive Forecast Models
Fitell Ordinary's time-series forecasting models is one of many Fitell Ordinary'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 Fitell Ordinary'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 Fitell Ordinary
Checking the ongoing alerts about Fitell Ordinary for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Fitell Ordinary help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Fitell Ordinary is way too risky over 90 days horizon | |
| Fitell Ordinary appears to be risky and price may revert if volatility continues | |
| The company reported the previous year's revenue of 4.47 M. Net Loss for the year was (9.31 M) with profit before overhead, payroll, taxes, and interest of 3.64 M. | |
| Fitell Ordinary generates negative cash flow from operations | |
| Fitell Ordinary has a poor financial position based on the latest SEC disclosures | |
| About 58.0% of the company shares are held by company insiders | |
| Latest headline from finance.yahoo.com: First Tellurium Joins U.S. Defense Industrial Base Consortium |
Check out Fitell Ordinary Backtesting, Fitell Ordinary Valuation, Fitell Ordinary Correlation, Fitell Ordinary Hype Analysis, Fitell Ordinary Volatility, Fitell Ordinary History as well as Fitell Ordinary Performance. For more information on how to buy Fitell Stock please use our How to buy in Fitell Stock guide.You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Is Other Specialty Retail space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Fitell Ordinary. If investors know Fitell will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Fitell Ordinary listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.66) | Revenue Per Share 0.435 | Quarterly Revenue Growth (0.30) | Return On Assets (0.22) | Return On Equity (0.58) |
The market value of Fitell Ordinary is measured differently than its book value, which is the value of Fitell that is recorded on the company's balance sheet. Investors also form their own opinion of Fitell Ordinary's value that differs from its market value or its book value, called intrinsic value, which is Fitell Ordinary's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fitell Ordinary's market value can be influenced by many factors that don't directly affect Fitell Ordinary's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fitell Ordinary's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fitell Ordinary is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fitell Ordinary's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.