Nanoco Group (UK) Probability of Future Stock Price Finishing Under 11.78
| NANO Stock | 12.03 0.49 4.25% |
Nanoco |
Nanoco Group Target Price Odds to finish below 11.78
The tendency of Nanoco 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 11.78 or more in 90 days |
| 12.03 | 90 days | 11.78 | about 51.48 |
Based on a normal probability distribution, the odds of Nanoco Group to drop to 11.78 or more in 90 days from now is about 51.48 (This Nanoco Group plc probability density function shows the probability of Nanoco Stock to fall within a particular range of prices over 90 days) . Probability of Nanoco Group plc price to stay between 11.78 and its current price of 12.03 at the end of the 90-day period is about 8.01 .
Assuming the 90 days trading horizon Nanoco Group plc has a beta of -0.0188. This indicates as returns on the benchmark increase, returns on holding Nanoco Group are expected to decrease at a much lower rate. During a bear market, however, Nanoco Group plc is likely to outperform the market. Additionally Nanoco Group plc 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. Nanoco Group Price Density |
| Price |
Predictive Modules for Nanoco Group
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nanoco Group plc. 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.Nanoco Group Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Nanoco Group is not an exception. The market had few large corrections towards the Nanoco Group'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 Nanoco Group plc, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nanoco Group within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.07 | |
β | Beta against Dow Jones | -0.02 | |
σ | Overall volatility | 1.23 | |
Ir | Information ratio | -0.04 |
Nanoco Group 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 Nanoco Group for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Nanoco Group plc can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Nanoco Group plc generated a negative expected return over the last 90 days | |
| Nanoco Group plc has high historical volatility and very poor performance | |
| Nanoco Group generates negative cash flow from operations | |
| About 48.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Nanoco Group Opposes Milkwood Funds Control Bid - TipRanks |
Nanoco Group 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 Nanoco Stock often depends not only on the future outlook of the current and potential Nanoco Group'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. Nanoco Group's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 334.4 M | |
| Cash And Short Term Investments | 8.2 M |
Nanoco Group Technical Analysis
Nanoco Group's future price can be derived by breaking down and analyzing its technical indicators over time. Nanoco Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nanoco Group plc. In general, you should focus on analyzing Nanoco Stock price patterns and their correlations with different microeconomic environments and drivers.
Nanoco Group Predictive Forecast Models
Nanoco Group's time-series forecasting models is one of many Nanoco Group'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 Nanoco Group'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 Nanoco Group plc
Checking the ongoing alerts about Nanoco Group for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Nanoco Group plc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Nanoco Group plc generated a negative expected return over the last 90 days | |
| Nanoco Group plc has high historical volatility and very poor performance | |
| Nanoco Group generates negative cash flow from operations | |
| About 48.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Nanoco Group Opposes Milkwood Funds Control Bid - TipRanks |
Additional Tools for Nanoco Stock Analysis
When running Nanoco Group's price analysis, check to measure Nanoco Group'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 Nanoco Group is operating at the current time. Most of Nanoco Group's value examination focuses on studying past and present price action to predict the probability of Nanoco Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nanoco Group's price. Additionally, you may evaluate how the addition of Nanoco Group to your portfolios can decrease your overall portfolio volatility.