Oddity Tech Ltd Stock Probability of Future Stock Price Finishing Under 27.62
| ODD Stock | 45.56 2.44 5.66% |
ODDITY |
ODDITY Tech Target Price Odds to finish below 27.62
The tendency of ODDITY 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 27.62 or more in 90 days |
| 45.56 | 90 days | 27.62 | near 1 |
Based on a normal probability distribution, the odds of ODDITY Tech to drop to 27.62 or more in 90 days from now is near 1 (This ODDITY Tech Ltd probability density function shows the probability of ODDITY Stock to fall within a particular range of prices over 90 days) . Probability of ODDITY Tech price to stay between 27.62 and its current price of 45.56 at the end of the 90-day period is about 98.0 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.4 . 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, ODDITY Tech will likely underperform. Additionally ODDITY Tech Ltd has an alpha of 0.1231, implying that it can generate a 0.12 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). ODDITY Tech Price Density |
| Price |
Predictive Modules for ODDITY Tech
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ODDITY Tech. 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 ODDITY Tech'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.
ODDITY Tech Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. ODDITY Tech is not an exception. The market had few large corrections towards the ODDITY Tech'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 ODDITY Tech Ltd, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of ODDITY Tech within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.12 | |
β | Beta against Dow Jones | 1.40 | |
σ | Overall volatility | 3.15 | |
Ir | Information ratio | 0.06 |
ODDITY Tech 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 ODDITY Tech for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for ODDITY Tech can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| ODDITY Tech had very high historical volatility over the last 90 days | |
| Over 84.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: ODDITY Tech Ltd Stock Price Up 3. percent on Nov 22 |
ODDITY Tech 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 ODDITY Stock often depends not only on the future outlook of the current and potential ODDITY Tech'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. ODDITY Tech's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 58.7 M | |
| Cash And Short Term Investments | 115.6 M |
ODDITY Tech Technical Analysis
ODDITY Tech's future price can be derived by breaking down and analyzing its technical indicators over time. ODDITY Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of ODDITY Tech Ltd. In general, you should focus on analyzing ODDITY Stock price patterns and their correlations with different microeconomic environments and drivers.
ODDITY Tech Predictive Forecast Models
ODDITY Tech's time-series forecasting models is one of many ODDITY Tech'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 ODDITY Tech'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 ODDITY Tech
Checking the ongoing alerts about ODDITY Tech for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for ODDITY Tech help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| ODDITY Tech had very high historical volatility over the last 90 days | |
| Over 84.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: ODDITY Tech Ltd Stock Price Up 3. percent on Nov 22 |
Check out ODDITY Tech Backtesting, ODDITY Tech Valuation, ODDITY Tech Correlation, ODDITY Tech Hype Analysis, ODDITY Tech Volatility, ODDITY Tech History as well as ODDITY Tech Performance. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Is Personal Care Products 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 ODDITY Tech. If investors know ODDITY 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 ODDITY Tech listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 3.833 | Earnings Share 1.63 | Revenue Per Share 10.837 | Quarterly Revenue Growth 0.26 | Return On Assets 0.1904 |
The market value of ODDITY Tech is measured differently than its book value, which is the value of ODDITY that is recorded on the company's balance sheet. Investors also form their own opinion of ODDITY Tech's value that differs from its market value or its book value, called intrinsic value, which is ODDITY Tech'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 ODDITY Tech's market value can be influenced by many factors that don't directly affect ODDITY Tech'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 ODDITY Tech's value and its price as these two are different measures arrived at by different means. Investors typically determine if ODDITY Tech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ODDITY Tech'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.