COVANTA HLDG P Odds of Future Bond Price Finishing Under 88.03
| 22282EAJ1 | 80.35 13.31 14.21% |
COVANTA |
COVANTA Target Price Odds to finish below 88.03
The tendency of COVANTA Bond 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 stay under 88.03 after 90 days |
| 80.35 | 90 days | 88.03 | about 5.07 |
Based on a normal probability distribution, the odds of COVANTA to stay under 88.03 after 90 days from now is about 5.07 (This COVANTA HLDG P probability density function shows the probability of COVANTA Bond to fall within a particular range of prices over 90 days) . Probability of COVANTA HLDG P price to stay between its current price of 80.35 and 88.03 at the end of the 90-day period is about 5.16 .
Assuming the 90 days trading horizon COVANTA HLDG P has a beta of -0.28. This usually implies as returns on the benchmark increase, returns on holding COVANTA are expected to decrease at a much lower rate. During a bear market, however, COVANTA HLDG P is likely to outperform the market. Additionally COVANTA HLDG P 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. COVANTA Price Density |
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Predictive Modules for COVANTA
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as COVANTA HLDG P. Regardless of method or technology, however, to accurately forecast the bond market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the bond 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.COVANTA Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. COVANTA is not an exception. The market had few large corrections towards the COVANTA'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 COVANTA HLDG P, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of COVANTA within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.17 | |
β | Beta against Dow Jones | -0.28 | |
σ | Overall volatility | 2.64 | |
Ir | Information ratio | -0.2 |
COVANTA 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 COVANTA for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for COVANTA HLDG P can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| COVANTA HLDG P generated a negative expected return over the last 90 days |
COVANTA Technical Analysis
COVANTA's future price can be derived by breaking down and analyzing its technical indicators over time. COVANTA Bond technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of COVANTA HLDG P. In general, you should focus on analyzing COVANTA Bond price patterns and their correlations with different microeconomic environments and drivers.
COVANTA Predictive Forecast Models
COVANTA's time-series forecasting models is one of many COVANTA's bond 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 COVANTA'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 bond market movement and maximize returns from investment trading.
Things to note about COVANTA HLDG P
Checking the ongoing alerts about COVANTA for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for COVANTA HLDG P help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| COVANTA HLDG P generated a negative expected return over the last 90 days |
Other Information on Investing in COVANTA Bond
COVANTA financial ratios help investors to determine whether COVANTA Bond 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 COVANTA with respect to the benefits of owning COVANTA security.