Noco Noco Ordinary Share Stock Probability of Future Stock Price Finishing Over 0.0293
| NCNC Stock | 0.01 0.01 55.42% |
Noco |
Noco Noco Target Price Odds to finish over 0.0293
The tendency of Noco 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 0.03 or more in 90 days |
| 0.01 | 90 days | 0.03 | close to 99 |
Based on a normal probability distribution, the odds of Noco Noco to move over 0.03 or more in 90 days from now is close to 99 (This noco noco Ordinary Share probability density function shows the probability of Noco Stock to fall within a particular range of prices over 90 days) . Probability of noco noco Ordinary price to stay between its current price of 0.01 and 0.03 at the end of the 90-day period is near 1 .
Given the investment horizon of 90 days noco noco Ordinary Share has a beta of -3.44. This indicates as returns on its benchmark rise, returns on holding noco noco Ordinary Share are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Noco Noco is expected to outperform its benchmark. Additionally Noco noco Ordinary Share 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. Noco Noco Price Density |
| Price |
Predictive Modules for Noco Noco
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as noco noco Ordinary. 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.Noco Noco Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Noco Noco is not an exception. The market had few large corrections towards the Noco Noco'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 noco noco Ordinary Share, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Noco Noco within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -2.02 | |
β | Beta against Dow Jones | -3.44 | |
σ | Overall volatility | 0.03 | |
Ir | Information ratio | -0.15 |
Noco Noco 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 Noco Noco for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for noco noco Ordinary can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| noco noco Ordinary generated a negative expected return over the last 90 days | |
| noco noco Ordinary has high historical volatility and very poor performance | |
| noco noco Ordinary has some characteristics of a very speculative penny stock | |
| noco noco Ordinary has a very high chance of going through financial distress in the upcoming years | |
| Net Loss for the year was (16.79 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Noco Noco generates negative cash flow from operations | |
| About 74.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from gurufocus.com: noco-noco Inc to Appeal Nasdaq Delisting Determination |
Noco Noco 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 Noco Stock often depends not only on the future outlook of the current and potential Noco Noco'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. Noco Noco's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 8.5 M | |
| Cash And Short Term Investments | 17.8 K |
Noco Noco Technical Analysis
Noco Noco's future price can be derived by breaking down and analyzing its technical indicators over time. Noco Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of noco noco Ordinary Share. In general, you should focus on analyzing Noco Stock price patterns and their correlations with different microeconomic environments and drivers.
Noco Noco Predictive Forecast Models
Noco Noco's time-series forecasting models is one of many Noco Noco'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 Noco Noco'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 noco noco Ordinary
Checking the ongoing alerts about Noco Noco for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for noco noco Ordinary help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| noco noco Ordinary generated a negative expected return over the last 90 days | |
| noco noco Ordinary has high historical volatility and very poor performance | |
| noco noco Ordinary has some characteristics of a very speculative penny stock | |
| noco noco Ordinary has a very high chance of going through financial distress in the upcoming years | |
| Net Loss for the year was (16.79 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Noco Noco generates negative cash flow from operations | |
| About 74.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from gurufocus.com: noco-noco Inc to Appeal Nasdaq Delisting Determination |
Check out Noco Noco Backtesting, Noco Noco Valuation, Noco Noco Correlation, Noco Noco Hype Analysis, Noco Noco Volatility, Noco Noco History as well as Noco Noco Performance. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Is Automotive Parts & Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Noco Noco. If investors know Noco will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Noco Noco listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.15) | Return On Assets (25.07) |
The market value of noco noco Ordinary is measured differently than its book value, which is the value of Noco that is recorded on the company's balance sheet. Investors also form their own opinion of Noco Noco's value that differs from its market value or its book value, called intrinsic value, which is Noco Noco's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Noco Noco's market value can be influenced by many factors that don't directly affect Noco Noco's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Noco Noco's value and its price as these two are different measures arrived at by different means. Investors typically determine if Noco Noco is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Noco Noco's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.