DIAMONDBACK ENERGY INC Probability of Future Bond Price Finishing Under 93.50
| 25278XAM1 | 93.92 3.44 3.53% |
DIAMONDBACK |
DIAMONDBACK Target Price Odds to finish below 93.50
The tendency of DIAMONDBACK 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 drop to 93.50 or more in 90 days |
| 93.92 | 90 days | 93.50 | near 1 |
Based on a normal probability distribution, the odds of DIAMONDBACK to drop to 93.50 or more in 90 days from now is near 1 (This DIAMONDBACK ENERGY INC probability density function shows the probability of DIAMONDBACK Bond to fall within a particular range of prices over 90 days) . Probability of DIAMONDBACK ENERGY INC price to stay between 93.50 and its current price of 93.92 at the end of the 90-day period is near 1 .
Assuming the 90 days trading horizon DIAMONDBACK ENERGY INC has a beta of -0.0469. This usually implies as returns on the benchmark increase, returns on holding DIAMONDBACK are expected to decrease at a much lower rate. During a bear market, however, DIAMONDBACK ENERGY INC is likely to outperform the market. Additionally DIAMONDBACK ENERGY INC 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. DIAMONDBACK Price Density |
| Price |
Predictive Modules for DIAMONDBACK
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as DIAMONDBACK ENERGY INC. 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.DIAMONDBACK Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. DIAMONDBACK is not an exception. The market had few large corrections towards the DIAMONDBACK'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 DIAMONDBACK ENERGY INC, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of DIAMONDBACK within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.06 | |
β | Beta against Dow Jones | -0.05 | |
σ | Overall volatility | 0.96 | |
Ir | Information ratio | -0.35 |
DIAMONDBACK 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 DIAMONDBACK for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for DIAMONDBACK ENERGY INC can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| DIAMONDBACK generated a negative expected return over the last 90 days | |
| Latest headline from gurufocus.com: Insider Buying Douglas Polinsky Acquires Additional Shares of Mill City Ventures III Ltd |
DIAMONDBACK Technical Analysis
DIAMONDBACK's future price can be derived by breaking down and analyzing its technical indicators over time. DIAMONDBACK Bond technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of DIAMONDBACK ENERGY INC. In general, you should focus on analyzing DIAMONDBACK Bond price patterns and their correlations with different microeconomic environments and drivers.
DIAMONDBACK Predictive Forecast Models
DIAMONDBACK's time-series forecasting models is one of many DIAMONDBACK'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 DIAMONDBACK'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 DIAMONDBACK ENERGY INC
Checking the ongoing alerts about DIAMONDBACK for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for DIAMONDBACK ENERGY INC help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| DIAMONDBACK generated a negative expected return over the last 90 days | |
| Latest headline from gurufocus.com: Insider Buying Douglas Polinsky Acquires Additional Shares of Mill City Ventures III Ltd |
Other Information on Investing in DIAMONDBACK Bond
DIAMONDBACK financial ratios help investors to determine whether DIAMONDBACK 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 DIAMONDBACK with respect to the benefits of owning DIAMONDBACK security.