Glassbox (Israel) Odds of Future Stock Price Finishing Under 3008.0
| GLBX Stock | 4,059 0.00 0.00% |
Glassbox |
Glassbox Target Price Odds to finish below 3008.0
The tendency of Glassbox 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 3,008 or more in 90 days |
| 4,059 | 90 days | 3,008 | near 1 |
Based on a normal probability distribution, the odds of Glassbox to drop to 3,008 or more in 90 days from now is near 1 (This Glassbox probability density function shows the probability of Glassbox Stock to fall within a particular range of prices over 90 days) . Probability of Glassbox price to stay between 3,008 and its current price of 4059.0 at the end of the 90-day period is about 89.55 .
Assuming the 90 days trading horizon Glassbox has a beta of -0.47. This usually indicates as returns on the benchmark increase, returns on holding Glassbox are expected to decrease at a much lower rate. During a bear market, however, Glassbox is likely to outperform the market. Additionally Glassbox has an alpha of 0.1788, implying that it can generate a 0.18 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Glassbox Price Density |
| Price |
Predictive Modules for Glassbox
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Glassbox. 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.Glassbox Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Glassbox is not an exception. The market had few large corrections towards the Glassbox'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 Glassbox, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Glassbox within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.18 | |
β | Beta against Dow Jones | -0.47 | |
σ | Overall volatility | 198.93 | |
Ir | Information ratio | -0.0022 |
Glassbox 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 Glassbox for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Glassbox can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Glassbox is not yet fully synchronised with the market data | |
| Glassbox had very high historical volatility over the last 90 days |
Glassbox Technical Analysis
Glassbox's future price can be derived by breaking down and analyzing its technical indicators over time. Glassbox Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Glassbox. In general, you should focus on analyzing Glassbox Stock price patterns and their correlations with different microeconomic environments and drivers.
Glassbox Predictive Forecast Models
Glassbox's time-series forecasting models is one of many Glassbox'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 Glassbox'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 Glassbox
Checking the ongoing alerts about Glassbox for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Glassbox help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Glassbox is not yet fully synchronised with the market data | |
| Glassbox had very high historical volatility over the last 90 days |