Fly Play (Iceland) Odds of Future Stock Price Finishing Under 0.63
| PLAY Stock | 1.01 0.04 4.12% |
Fly |
Fly Play Target Price Odds to finish below 0.63
The tendency of Fly 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 0.63 or more in 90 days |
| 1.01 | 90 days | 0.63 | roughly 2.4 |
Based on a normal probability distribution, the odds of Fly Play to drop to 0.63 or more in 90 days from now is roughly 2.4 (This Fly Play hf probability density function shows the probability of Fly Stock to fall within a particular range of prices over 90 days) . Probability of Fly Play hf price to stay between 0.63 and its current price of 1.01 at the end of the 90-day period is about 12.85 .
Assuming the 90 days trading horizon Fly Play hf has a beta of -0.56 indicating as returns on the benchmark increase, returns on holding Fly Play are expected to decrease at a much lower rate. During a bear market, however, Fly Play hf is likely to outperform the market. Additionally Fly Play hf 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. Fly Play Price Density |
| Price |
Predictive Modules for Fly Play
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Fly Play hf. 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.Fly Play Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Fly Play is not an exception. The market had few large corrections towards the Fly Play'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 Fly Play hf, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Fly Play within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.61 | |
β | Beta against Dow Jones | -0.56 | |
σ | Overall volatility | 0.40 | |
Ir | Information ratio | -0.13 |
Fly Play 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 Fly Play for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Fly Play hf can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Fly Play hf generated a negative expected return over the last 90 days | |
| Fly Play hf has high historical volatility and very poor performance | |
| Fly Play hf has some characteristics of a very speculative penny stock |
Fly Play Technical Analysis
Fly Play's future price can be derived by breaking down and analyzing its technical indicators over time. Fly Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Fly Play hf. In general, you should focus on analyzing Fly Stock price patterns and their correlations with different microeconomic environments and drivers.
Fly Play Predictive Forecast Models
Fly Play's time-series forecasting models is one of many Fly Play'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 Fly Play'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 Fly Play hf
Checking the ongoing alerts about Fly Play for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Fly Play hf help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Fly Play hf generated a negative expected return over the last 90 days | |
| Fly Play hf has high historical volatility and very poor performance | |
| Fly Play hf has some characteristics of a very speculative penny stock |