Nova Wellness (Malaysia) Probability of Future Stock Price Finishing Under 0.45

0201 Stock   0.45  0.02  4.65%   
Nova Wellness' future price is the expected price of Nova Wellness instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Nova Wellness Group performance during a given time horizon utilizing its historical volatility. Check out Nova Wellness Backtesting, Nova Wellness Valuation, Nova Wellness Correlation, Nova Wellness Hype Analysis, Nova Wellness Volatility, Nova Wellness History as well as Nova Wellness Performance.
  
Please specify Nova Wellness' target price for which you would like Nova Wellness odds to be computed.

Nova Wellness Target Price Odds to finish below 0.45

The tendency of Nova 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 PriceHorizonTarget PriceOdds to move below current price in 90 days
 0.45 90 days 0.45 
about 49.5
Based on a normal probability distribution, the odds of Nova Wellness to move below current price in 90 days from now is about 49.5 (This Nova Wellness Group probability density function shows the probability of Nova Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Nova Wellness has a beta of 0.22. This suggests as returns on the market go up, Nova Wellness average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Nova Wellness Group will be expected to be much smaller as well. Additionally Nova Wellness Group has an alpha of 0.0572, implying that it can generate a 0.0572 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta).
   Nova Wellness Price Density   
       Price  

Predictive Modules for Nova Wellness

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nova Wellness Group. 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.
Hype
Prediction
LowEstimatedHigh
0.020.452.54
Details
Intrinsic
Valuation
LowRealHigh
0.020.382.47
Details
Naive
Forecast
LowNextHigh
0.010.452.53
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.420.440.46
Details

Nova Wellness Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Nova Wellness is not an exception. The market had few large corrections towards the Nova Wellness' 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 Nova Wellness Group, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nova Wellness within the framework of very fundamental risk indicators.
α
Alpha over Dow Jones
0.06
β
Beta against Dow Jones0.22
σ
Overall volatility
0.01
Ir
Information ratio -0.01

Nova Wellness 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 Nova Wellness for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Nova Wellness Group can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Nova Wellness Group has some characteristics of a very speculative penny stock

Nova Wellness Price Density Drivers

Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Nova Stock often depends not only on the future outlook of the current and potential Nova Wellness' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Nova Wellness' indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding317.8 M
Dividends Paid10.2 M
Cash And Short Term Investments20.4 M

Nova Wellness Technical Analysis

Nova Wellness' future price can be derived by breaking down and analyzing its technical indicators over time. Nova Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nova Wellness Group. In general, you should focus on analyzing Nova Stock price patterns and their correlations with different microeconomic environments and drivers.

Nova Wellness Predictive Forecast Models

Nova Wellness' time-series forecasting models is one of many Nova Wellness' 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 Nova Wellness' 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 Nova Wellness Group

Checking the ongoing alerts about Nova Wellness for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Nova Wellness Group help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Nova Wellness Group has some characteristics of a very speculative penny stock

Other Information on Investing in Nova Stock

Nova Wellness financial ratios help investors to determine whether Nova 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 Nova with respect to the benefits of owning Nova Wellness security.