ITM Power (UK) Probability of Future Stock Price Finishing Under 39.76
| ITM Stock | 35.26 1.02 2.98% |
ITM |
ITM Power Target Price Odds to finish below 39.76
The tendency of ITM 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 under 39.76 after 90 days |
| 35.26 | 90 days | 39.76 | about 15.21 |
Based on a normal probability distribution, the odds of ITM Power to stay under 39.76 after 90 days from now is about 15.21 (This ITM Power probability density function shows the probability of ITM Stock to fall within a particular range of prices over 90 days) . Probability of ITM Power price to stay between its current price of 35.26 and 39.76 at the end of the 90-day period is about 12.59 .
Assuming the 90 days trading horizon ITM Power has a beta of -0.23. This usually indicates as returns on the benchmark increase, returns on holding ITM Power are expected to decrease at a much lower rate. During a bear market, however, ITM Power is likely to outperform the market. Additionally ITM Power 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. ITM Power Price Density |
| Price |
Predictive Modules for ITM Power
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ITM Power. 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.ITM Power Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. ITM Power is not an exception. The market had few large corrections towards the ITM Power'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 ITM Power, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of ITM Power within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.48 | |
β | Beta against Dow Jones | -0.23 | |
σ | Overall volatility | 4.98 | |
Ir | Information ratio | -0.21 |
ITM Power 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 ITM Power for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for ITM Power can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| ITM Power generated a negative expected return over the last 90 days | |
| ITM Power has high historical volatility and very poor performance | |
| The company reported the revenue of 16.51 M. Net Loss for the year was (27.22 M) with loss before overhead, payroll, taxes, and interest of (31.41 M). | |
| ITM Power generates negative cash flow from operations | |
| About 49.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Is Check Point Software Technologies Ltd. An Undervalued Cybersecurity Stock to Buy - Yahoo Finance UK |
ITM Power 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 ITM Stock often depends not only on the future outlook of the current and potential ITM Power'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. ITM Power's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 616.7 M | |
| Cash And Short Term Investments | 230.3 M |
ITM Power Technical Analysis
ITM Power's future price can be derived by breaking down and analyzing its technical indicators over time. ITM Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of ITM Power. In general, you should focus on analyzing ITM Stock price patterns and their correlations with different microeconomic environments and drivers.
ITM Power Predictive Forecast Models
ITM Power's time-series forecasting models is one of many ITM Power'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 ITM Power'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 ITM Power
Checking the ongoing alerts about ITM Power for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for ITM Power help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| ITM Power generated a negative expected return over the last 90 days | |
| ITM Power has high historical volatility and very poor performance | |
| The company reported the revenue of 16.51 M. Net Loss for the year was (27.22 M) with loss before overhead, payroll, taxes, and interest of (31.41 M). | |
| ITM Power generates negative cash flow from operations | |
| About 49.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Is Check Point Software Technologies Ltd. An Undervalued Cybersecurity Stock to Buy - Yahoo Finance UK |
Other Information on Investing in ITM Stock
ITM Power financial ratios help investors to determine whether ITM 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 ITM with respect to the benefits of owning ITM Power security.