The9 Ltd Adr Stock Chance of Future Stock Price Finishing Under 7.91
| NCTY Stock | USD 14.75 1.43 10.74% |
The9 |
The9 Target Price Odds to finish below 7.91
The tendency of The9 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 $ 7.91 or more in 90 days |
| 14.75 | 90 days | 7.91 | about 42.65 |
Based on a normal probability distribution, the odds of The9 to drop to $ 7.91 or more in 90 days from now is about 42.65 (This The9 Ltd ADR probability density function shows the probability of The9 Stock to fall within a particular range of prices over 90 days) . Probability of The9 Ltd ADR price to stay between $ 7.91 and its current price of $14.75 at the end of the 90-day period is about 57.25 .
Given the investment horizon of 90 days The9 has a beta of 0.29. This indicates as returns on the market go up, The9 average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding The9 Ltd ADR will be expected to be much smaller as well. Additionally The9 Ltd ADR has an alpha of 0.9982, implying that it can generate a 1.0 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). The9 Price Density |
| Price |
Predictive Modules for The9
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as The9 Ltd ADR. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of The9's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
The9 Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. The9 is not an exception. The market had few large corrections towards the The9'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 The9 Ltd ADR, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of The9 within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 1.00 | |
β | Beta against Dow Jones | 0.29 | |
σ | Overall volatility | 1.64 | |
Ir | Information ratio | 0.19 |
The9 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 The9 for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for The9 Ltd ADR can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| The9 Ltd ADR appears to be risky and price may revert if volatility continues | |
| The9 Ltd ADR currently holds about 429.22 M in cash with (46.32 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 18.21, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| The9 Ltd ADR has a strong financial position based on the latest SEC filings | |
| Latest headline from gurufocus.com: NIP Group Expands Esports Portfolio Through Strategic Partnership with The9 Limited |
The9 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 The9 Stock often depends not only on the future outlook of the current and potential The9'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. The9's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 3.4 M | |
| Cash And Short Term Investments | 45.2 M |
The9 Technical Analysis
The9's future price can be derived by breaking down and analyzing its technical indicators over time. The9 Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of The9 Ltd ADR. In general, you should focus on analyzing The9 Stock price patterns and their correlations with different microeconomic environments and drivers.
The9 Predictive Forecast Models
The9's time-series forecasting models is one of many The9'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 The9'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 The9 Ltd ADR
Checking the ongoing alerts about The9 for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for The9 Ltd ADR help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| The9 Ltd ADR appears to be risky and price may revert if volatility continues | |
| The9 Ltd ADR currently holds about 429.22 M in cash with (46.32 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 18.21, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| The9 Ltd ADR has a strong financial position based on the latest SEC filings | |
| Latest headline from gurufocus.com: NIP Group Expands Esports Portfolio Through Strategic Partnership with The9 Limited |
Additional Tools for The9 Stock Analysis
When running The9's price analysis, check to measure The9'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 The9 is operating at the current time. Most of The9's value examination focuses on studying past and present price action to predict the probability of The9's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move The9's price. Additionally, you may evaluate how the addition of The9 to your portfolios can decrease your overall portfolio volatility.