IGO (Australia) Chance of Future Stock Price Finishing Over 13.52
| IGO Stock | 4.95 0.01 0.20% |
IGO |
IGO Target Price Odds to finish over 13.52
The tendency of IGO 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 13.52 or more in 90 days |
| 4.95 | 90 days | 13.52 | close to zero percent |
Based on a normal probability distribution, the odds of IGO to move over 13.52 or more in 90 days from now is close to zero percent (This IGO probability density function shows the probability of IGO Stock to fall within a particular range of prices over 90 days) . Probability of IGO price to stay between its current price of 4.95 and 13.52 at the end of the 90-day period is about 86.67 .
Assuming the 90 days trading horizon IGO has a beta of -0.19. This usually indicates as returns on the benchmark increase, returns on holding IGO are expected to decrease at a much lower rate. During a bear market, however, IGO is likely to outperform the market. Additionally IGO has an alpha of 0.0537, implying that it can generate a 0.0537 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). IGO Price Density |
| Price |
Predictive Modules for IGO
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as IGO. 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.IGO Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. IGO is not an exception. The market had few large corrections towards the IGO'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 IGO, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of IGO within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.05 | |
β | Beta against Dow Jones | -0.19 | |
σ | Overall volatility | 0.27 | |
Ir | Information ratio | -0.03 |
IGO 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 IGO for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for IGO can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| About 12.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Top 3 Undervalued Small Caps On ASX With Insider Action In November 2024 - Yahoo Finance |
IGO 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 IGO Stock often depends not only on the future outlook of the current and potential IGO'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. IGO's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 759.7 M | |
| Cash And Short Term Investments | 530.4 M |
IGO Technical Analysis
IGO's future price can be derived by breaking down and analyzing its technical indicators over time. IGO Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of IGO. In general, you should focus on analyzing IGO Stock price patterns and their correlations with different microeconomic environments and drivers.
IGO Predictive Forecast Models
IGO's time-series forecasting models is one of many IGO'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 IGO'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 IGO
Checking the ongoing alerts about IGO for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for IGO help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| About 12.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Top 3 Undervalued Small Caps On ASX With Insider Action In November 2024 - Yahoo Finance |
Additional Tools for IGO Stock Analysis
When running IGO's price analysis, check to measure IGO's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy IGO is operating at the current time. Most of IGO's value examination focuses on studying past and present price action to predict the probability of IGO's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IGO's price. Additionally, you may evaluate how the addition of IGO to your portfolios can decrease your overall portfolio volatility.