Oando PLC (South Africa) Probability of Future Stock Price Finishing Over 44.26
| OAO Stock | 22.00 6.00 21.43% |
Oando |
Oando PLC Target Price Odds to finish over 44.26
The tendency of Oando 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 44.26 or more in 90 days |
| 22.00 | 90 days | 44.26 | near 1 |
Based on a normal probability distribution, the odds of Oando PLC to move over 44.26 or more in 90 days from now is near 1 (This Oando PLC probability density function shows the probability of Oando Stock to fall within a particular range of prices over 90 days) . Probability of Oando PLC price to stay between its current price of 22.00 and 44.26 at the end of the 90-day period is about 82.32 .
Assuming the 90 days trading horizon the stock has the beta coefficient of 1.28 . 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, Oando PLC will likely underperform. Additionally Oando PLC 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. Oando PLC Price Density |
| Price |
Predictive Modules for Oando PLC
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Oando PLC. 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.Oando PLC Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Oando PLC is not an exception. The market had few large corrections towards the Oando PLC'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 Oando PLC, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Oando PLC within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.7 | |
β | Beta against Dow Jones | 1.28 | |
σ | Overall volatility | 6.21 | |
Ir | Information ratio | -0.07 |
Oando PLC 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 Oando PLC for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Oando PLC can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Oando PLC generated a negative expected return over the last 90 days | |
| Oando PLC has high historical volatility and very poor performance | |
| Oando PLC has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (111.76 B) with profit before overhead, payroll, taxes, and interest of 40.78 B. | |
| Oando PLC generates negative cash flow from operations |
Oando PLC Technical Analysis
Oando PLC's future price can be derived by breaking down and analyzing its technical indicators over time. Oando Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Oando PLC. In general, you should focus on analyzing Oando Stock price patterns and their correlations with different microeconomic environments and drivers.
Oando PLC Predictive Forecast Models
Oando PLC's time-series forecasting models is one of many Oando PLC'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 Oando PLC'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 Oando PLC
Checking the ongoing alerts about Oando PLC for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Oando PLC help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Oando PLC generated a negative expected return over the last 90 days | |
| Oando PLC has high historical volatility and very poor performance | |
| Oando PLC has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (111.76 B) with profit before overhead, payroll, taxes, and interest of 40.78 B. | |
| Oando PLC generates negative cash flow from operations |
Other Information on Investing in Oando Stock
Oando PLC financial ratios help investors to determine whether Oando 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 Oando with respect to the benefits of owning Oando PLC security.