NITTO DENKO (Germany) Probability of Future Stock Price Finishing Over 17.82
| ND5 Stock | EUR 16.20 0.50 3.18% |
NITTO |
NITTO DENKO Target Price Odds to finish over 17.82
The tendency of NITTO 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 € 17.82 or more in 90 days |
| 16.20 | 90 days | 17.82 | near 1 |
Based on a normal probability distribution, the odds of NITTO DENKO to move over € 17.82 or more in 90 days from now is near 1 (This NITTO DENKO P probability density function shows the probability of NITTO Stock to fall within a particular range of prices over 90 days) . Probability of NITTO DENKO P price to stay between its current price of € 16.20 and € 17.82 at the end of the 90-day period is near 1 .
Assuming the 90 days trading horizon NITTO DENKO has a beta of 0.18. This indicates as returns on the market go up, NITTO DENKO average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding NITTO DENKO P will be expected to be much smaller as well. Additionally NITTO DENKO P has an alpha of 0.0683, implying that it can generate a 0.0683 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). NITTO DENKO Price Density |
| Price |
Predictive Modules for NITTO DENKO
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as NITTO DENKO P. 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.NITTO DENKO Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. NITTO DENKO is not an exception. The market had few large corrections towards the NITTO DENKO'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 NITTO DENKO P, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of NITTO DENKO within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.07 | |
β | Beta against Dow Jones | 0.18 | |
σ | Overall volatility | 0.35 | |
Ir | Information ratio | 0.03 |
NITTO DENKO 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 NITTO Stock often depends not only on the future outlook of the current and potential NITTO DENKO'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. NITTO DENKO's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 148 M | |
| Dividends Paid | 31.1 B |
NITTO DENKO Technical Analysis
NITTO DENKO's future price can be derived by breaking down and analyzing its technical indicators over time. NITTO Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of NITTO DENKO P. In general, you should focus on analyzing NITTO Stock price patterns and their correlations with different microeconomic environments and drivers.
NITTO DENKO Predictive Forecast Models
NITTO DENKO's time-series forecasting models is one of many NITTO DENKO'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 NITTO DENKO'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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards NITTO DENKO in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, NITTO DENKO's short interest history, or implied volatility extrapolated from NITTO DENKO options trading.
Other Information on Investing in NITTO Stock
NITTO DENKO financial ratios help investors to determine whether NITTO 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 NITTO with respect to the benefits of owning NITTO DENKO security.