Nobility Homes Probability of Future OTC Stock Price Finishing Under 24.50

NOBHDelisted Stock  USD 27.80  0.00  0.00%   
Nobility Homes' future price is the expected price of Nobility Homes instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Nobility Homes performance during a given time horizon utilizing its historical volatility. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any otc stock could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.
  
Please specify Nobility Homes' target price for which you would like Nobility Homes odds to be computed.

Nobility Homes Target Price Odds to finish below 24.50

The tendency of Nobility OTC 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 PriceHorizonTarget PriceOdds to drop to $ 24.50  or more in 90 days
 27.80 90 days 24.50 
about 18.55
Based on a normal probability distribution, the odds of Nobility Homes to drop to $ 24.50  or more in 90 days from now is about 18.55 (This Nobility Homes probability density function shows the probability of Nobility OTC Stock to fall within a particular range of prices over 90 days) . Probability of Nobility Homes price to stay between $ 24.50  and its current price of $27.8 at the end of the 90-day period is about 50.34 .
Given the investment horizon of 90 days the otc stock has the beta coefficient of 1.55 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Nobility Homes will likely underperform. Additionally Nobility Homes 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.
   Nobility Homes Price Density   
       Price  

Predictive Modules for Nobility Homes

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nobility Homes. Regardless of method or technology, however, to accurately forecast the otc stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the otc 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.
Hype
Prediction
LowEstimatedHigh
27.8027.8027.80
Details
Intrinsic
Valuation
LowRealHigh
23.0823.0830.58
Details
Naive
Forecast
LowNextHigh
28.4728.4728.47
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
21.8226.7431.67
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Nobility Homes. Your research has to be compared to or analyzed against Nobility Homes' peers to derive any actionable benefits. When done correctly, Nobility Homes' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Nobility Homes.

Nobility Homes Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Nobility Homes is not an exception. The market had few large corrections towards the Nobility Homes' 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 Nobility Homes, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nobility Homes within the framework of very fundamental risk indicators.
α
Alpha over Dow Jones
-0.01
β
Beta against Dow Jones1.55
σ
Overall volatility
2.38
Ir
Information ratio 0.02

Nobility Homes 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 Nobility Homes for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Nobility Homes can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Nobility Homes is not yet fully synchronised with the market data
Nobility Homes has a very high chance of going through financial distress in the upcoming years
Nobility Homes currently holds about 22.92 M in cash with (7.83 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 6.8.
Roughly 67.0% of the company outstanding shares are owned by corporate insiders

Nobility Homes 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 Nobility OTC Stock often depends not only on the future outlook of the current and potential Nobility Homes' 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. Nobility Homes' indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding3.4 M
Cash And Short Term Investments16.7 M

Nobility Homes Technical Analysis

Nobility Homes' future price can be derived by breaking down and analyzing its technical indicators over time. Nobility OTC Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nobility Homes. In general, you should focus on analyzing Nobility OTC Stock price patterns and their correlations with different microeconomic environments and drivers.

Nobility Homes Predictive Forecast Models

Nobility Homes' time-series forecasting models is one of many Nobility Homes' otc 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 Nobility Homes' 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 otc stock market movement and maximize returns from investment trading.

Things to note about Nobility Homes

Checking the ongoing alerts about Nobility Homes for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Nobility Homes help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Nobility Homes is not yet fully synchronised with the market data
Nobility Homes has a very high chance of going through financial distress in the upcoming years
Nobility Homes currently holds about 22.92 M in cash with (7.83 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 6.8.
Roughly 67.0% of the company outstanding shares are owned by corporate insiders
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any otc stock could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.
Note that the Nobility Homes information on this page should be used as a complementary analysis to other Nobility Homes' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.

Other Consideration for investing in Nobility OTC Stock

If you are still planning to invest in Nobility Homes check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Nobility Homes' history and understand the potential risks before investing.
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