Waste Plastic (Norway) Probability of Future Stock Price Finishing Under 10.57
| WPU Stock | 14.45 0.55 3.96% |
Waste |
Waste Plastic Target Price Odds to finish below 10.57
The tendency of Waste 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 10.57 or more in 90 days |
| 14.45 | 90 days | 10.57 | near 1 |
Based on a normal probability distribution, the odds of Waste Plastic to drop to 10.57 or more in 90 days from now is near 1 (This Waste Plastic Upcycling probability density function shows the probability of Waste Stock to fall within a particular range of prices over 90 days) . Probability of Waste Plastic Upcycling price to stay between 10.57 and its current price of 14.45 at the end of the 90-day period is about 1.65 .
Assuming the 90 days trading horizon Waste Plastic Upcycling has a beta of -0.18. This entails as returns on the benchmark increase, returns on holding Waste Plastic are expected to decrease at a much lower rate. During a bear market, however, Waste Plastic Upcycling is likely to outperform the market. Additionally Waste Plastic Upcycling 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. Waste Plastic Price Density |
| Price |
Predictive Modules for Waste Plastic
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Waste Plastic Upcycling. 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.Waste Plastic Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Waste Plastic is not an exception. The market had few large corrections towards the Waste Plastic'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 Waste Plastic Upcycling, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Waste Plastic within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.85 | |
β | Beta against Dow Jones | -0.18 | |
σ | Overall volatility | 2.76 | |
Ir | Information ratio | -0.25 |
Waste Plastic 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 Waste Plastic for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Waste Plastic Upcycling can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Waste Plastic generated a negative expected return over the last 90 days | |
| Waste Plastic has high historical volatility and very poor performance |
Waste Plastic Technical Analysis
Waste Plastic's future price can be derived by breaking down and analyzing its technical indicators over time. Waste Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Waste Plastic Upcycling. In general, you should focus on analyzing Waste Stock price patterns and their correlations with different microeconomic environments and drivers.
Waste Plastic Predictive Forecast Models
Waste Plastic's time-series forecasting models is one of many Waste Plastic'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 Waste Plastic'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 Waste Plastic Upcycling
Checking the ongoing alerts about Waste Plastic for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Waste Plastic Upcycling help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Waste Plastic generated a negative expected return over the last 90 days | |
| Waste Plastic has high historical volatility and very poor performance |
Other Information on Investing in Waste Stock
Waste Plastic financial ratios help investors to determine whether Waste Stock 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 Waste with respect to the benefits of owning Waste Plastic security.