Icon Offshore (Malaysia) Probability of Future Stock Price Finishing Under 0.01
| ICON Stock | 1.05 0.02 1.87% |
Icon |
Icon Offshore Target Price Odds to finish below 0.01
The tendency of Icon 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 0.01 or more in 90 days |
| 1.05 | 90 days | 0.01 | near 1 |
Based on a normal probability distribution, the odds of Icon Offshore to drop to 0.01 or more in 90 days from now is near 1 (This Icon Offshore Bhd probability density function shows the probability of Icon Stock to fall within a particular range of prices over 90 days) . Probability of Icon Offshore Bhd price to stay between 0.01 and its current price of 1.05 at the end of the 90-day period is about 21.83 .
Assuming the 90 days trading horizon Icon Offshore Bhd has a beta of -0.12. This usually indicates as returns on the benchmark increase, returns on holding Icon Offshore are expected to decrease at a much lower rate. During a bear market, however, Icon Offshore Bhd is likely to outperform the market. Additionally Icon Offshore Bhd has an alpha of 0.1226, implying that it can generate a 0.12 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Icon Offshore Price Density |
| Price |
Predictive Modules for Icon Offshore
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Icon Offshore Bhd. 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.Icon Offshore Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Icon Offshore is not an exception. The market had few large corrections towards the Icon Offshore'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 Icon Offshore Bhd, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Icon Offshore within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.12 | |
β | Beta against Dow Jones | -0.12 | |
σ | Overall volatility | 0.08 | |
Ir | Information ratio | -0.0035 |
Icon Offshore 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 Icon Offshore for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Icon Offshore Bhd can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Icon Offshore Bhd generated a negative expected return over the last 90 days | |
| Icon Offshore Bhd has some characteristics of a very speculative penny stock |
Icon Offshore Technical Analysis
Icon Offshore's future price can be derived by breaking down and analyzing its technical indicators over time. Icon Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Icon Offshore Bhd. In general, you should focus on analyzing Icon Stock price patterns and their correlations with different microeconomic environments and drivers.
Icon Offshore Predictive Forecast Models
Icon Offshore's time-series forecasting models is one of many Icon Offshore'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 Icon Offshore'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 Icon Offshore Bhd
Checking the ongoing alerts about Icon Offshore for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Icon Offshore Bhd help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Icon Offshore Bhd generated a negative expected return over the last 90 days | |
| Icon Offshore Bhd has some characteristics of a very speculative penny stock |