WPP SCANGROUP (Kenya) Probability of Future Stock Price Finishing Over 2.05
| SG Stock | 2.05 0.19 8.48% |
WPP |
WPP SCANGROUP Target Price Odds to finish over 2.05
The tendency of WPP 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 above the current price in 90 days |
| 2.05 | 90 days | 2.05 | about 85.26 |
Based on a normal probability distribution, the odds of WPP SCANGROUP to move above the current price in 90 days from now is about 85.26 (This WPP SCANGROUP PLC probability density function shows the probability of WPP Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon WPP SCANGROUP PLC has a beta of -0.96. This usually implies Additionally WPP SCANGROUP PLC has an alpha of 0.2871, implying that it can generate a 0.29 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). WPP SCANGROUP Price Density |
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Predictive Modules for WPP SCANGROUP
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as WPP SCANGROUP 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.WPP SCANGROUP Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. WPP SCANGROUP is not an exception. The market had few large corrections towards the WPP SCANGROUP'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 WPP SCANGROUP PLC, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of WPP SCANGROUP within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.29 | |
β | Beta against Dow Jones | -0.96 | |
σ | Overall volatility | 0.21 | |
Ir | Information ratio | 0.01 |
WPP SCANGROUP 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 WPP SCANGROUP for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for WPP SCANGROUP 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.| WPP SCANGROUP PLC had very high historical volatility over the last 90 days |
WPP SCANGROUP Technical Analysis
WPP SCANGROUP's future price can be derived by breaking down and analyzing its technical indicators over time. WPP Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of WPP SCANGROUP PLC. In general, you should focus on analyzing WPP Stock price patterns and their correlations with different microeconomic environments and drivers.
WPP SCANGROUP Predictive Forecast Models
WPP SCANGROUP's time-series forecasting models is one of many WPP SCANGROUP'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 WPP SCANGROUP'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 WPP SCANGROUP PLC
Checking the ongoing alerts about WPP SCANGROUP for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for WPP SCANGROUP PLC help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| WPP SCANGROUP PLC had very high historical volatility over the last 90 days |