Onward Medical (Belgium) Probability of Future Stock Price Finishing Over 12.18
| ONWD Stock | 4.69 0.02 0.42% |
Onward |
Onward Medical Target Price Odds to finish over 12.18
The tendency of Onward 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 12.18 or more in 90 days |
| 4.69 | 90 days | 12.18 | close to zero percent |
Based on a normal probability distribution, the odds of Onward Medical to move over 12.18 or more in 90 days from now is close to zero percent (This Onward Medical NV probability density function shows the probability of Onward Stock to fall within a particular range of prices over 90 days) . Probability of Onward Medical NV price to stay between its current price of 4.69 and 12.18 at the end of the 90-day period is about 81.97 .
Assuming the 90 days trading horizon the stock has the beta coefficient of 1.16 . 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, Onward Medical will likely underperform. Additionally Onward Medical NV 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. Onward Medical Price Density |
| Price |
Predictive Modules for Onward Medical
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Onward Medical NV. 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.Onward Medical Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Onward Medical is not an exception. The market had few large corrections towards the Onward Medical'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 Onward Medical NV, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Onward Medical within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.13 | |
β | Beta against Dow Jones | 1.16 | |
σ | Overall volatility | 0.35 | |
Ir | Information ratio | -0.04 |
Onward Medical Technical Analysis
Onward Medical's future price can be derived by breaking down and analyzing its technical indicators over time. Onward Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Onward Medical NV. In general, you should focus on analyzing Onward Stock price patterns and their correlations with different microeconomic environments and drivers.
Onward Medical Predictive Forecast Models
Onward Medical's time-series forecasting models is one of many Onward Medical'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 Onward Medical'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 Onward Medical 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, Onward Medical's short interest history, or implied volatility extrapolated from Onward Medical options trading.
Additional Tools for Onward Stock Analysis
When running Onward Medical's price analysis, check to measure Onward Medical'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 Onward Medical is operating at the current time. Most of Onward Medical's value examination focuses on studying past and present price action to predict the probability of Onward Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Onward Medical's price. Additionally, you may evaluate how the addition of Onward Medical to your portfolios can decrease your overall portfolio volatility.