Newcity Public (Thailand) Probability of Future Stock Price Finishing Under 2.84
| NC Stock | THB 2.90 0.02 0.69% |
Newcity |
Newcity Public Target Price Odds to finish below 2.84
The tendency of Newcity 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 2.84 or more in 90 days |
| 2.90 | 90 days | 2.84 | about 28.26 |
Based on a normal probability distribution, the odds of Newcity Public to drop to 2.84 or more in 90 days from now is about 28.26 (This Newcity Public probability density function shows the probability of Newcity Stock to fall within a particular range of prices over 90 days) . Probability of Newcity Public price to stay between 2.84 and its current price of 2.9 at the end of the 90-day period is roughly 2.32 .
Assuming the 90 days horizon Newcity Public has a beta of -0.17. This indicates as returns on the benchmark increase, returns on holding Newcity Public are expected to decrease at a much lower rate. During a bear market, however, Newcity Public is likely to outperform the market. Additionally Newcity Public 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. Newcity Public Price Density |
| Price |
Predictive Modules for Newcity Public
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Newcity Public. 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.Newcity Public Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Newcity Public is not an exception. The market had few large corrections towards the Newcity Public'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 Newcity Public, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Newcity Public within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.12 | |
β | Beta against Dow Jones | -0.17 | |
σ | Overall volatility | 0.89 | |
Ir | Information ratio | -0.05 |
Newcity Public 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 Newcity Public for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Newcity Public can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Newcity Public is way too risky over 90 days horizon | |
| Newcity Public appears to be risky and price may revert if volatility continues | |
| Newcity Public has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 389.97 M. Net Loss for the year was (23.25 M) with profit before overhead, payroll, taxes, and interest of 106.42 M. | |
| Newcity Public has accumulated about 95.63 M in cash with (14.15 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 6.4, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 76.0% of the company outstanding shares are owned by corporate insiders |
Newcity Public 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 Newcity Stock often depends not only on the future outlook of the current and potential Newcity Public'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. Newcity Public's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 15 M |
Newcity Public Technical Analysis
Newcity Public's future price can be derived by breaking down and analyzing its technical indicators over time. Newcity Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Newcity Public. In general, you should focus on analyzing Newcity Stock price patterns and their correlations with different microeconomic environments and drivers.
Newcity Public Predictive Forecast Models
Newcity Public's time-series forecasting models is one of many Newcity Public'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 Newcity Public'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 Newcity Public
Checking the ongoing alerts about Newcity Public for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Newcity Public help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Newcity Public is way too risky over 90 days horizon | |
| Newcity Public appears to be risky and price may revert if volatility continues | |
| Newcity Public has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 389.97 M. Net Loss for the year was (23.25 M) with profit before overhead, payroll, taxes, and interest of 106.42 M. | |
| Newcity Public has accumulated about 95.63 M in cash with (14.15 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 6.4, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 76.0% of the company outstanding shares are owned by corporate insiders |
Other Information on Investing in Newcity Stock
Newcity Public financial ratios help investors to determine whether Newcity 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 Newcity with respect to the benefits of owning Newcity Public security.