Cofina SGPS (Germany) Probability of Future Stock Price Finishing Over 15.65
112 Stock | 15.65 0.60 3.99% |
Cofina |
Cofina SGPS Target Price Odds to finish over 15.65
The tendency of Cofina 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 |
15.65 | 90 days | 15.65 | close to 99 |
Based on a normal probability distribution, the odds of Cofina SGPS to move above the current price in 90 days from now is close to 99 (This Cofina SGPS SA probability density function shows the probability of Cofina Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Cofina SGPS SA has a beta of -2.19. This suggests as returns on its benchmark rise, returns on holding Cofina SGPS SA are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Cofina SGPS is expected to outperform its benchmark. Additionally Cofina SGPS SA 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. Cofina SGPS Price Density |
Price |
Predictive Modules for Cofina SGPS
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Cofina SGPS SA. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cofina SGPS's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Cofina SGPS Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Cofina SGPS is not an exception. The market had few large corrections towards the Cofina SGPS'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 Cofina SGPS SA, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Cofina SGPS within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.03 | |
β | Beta against Dow Jones | -2.19 | |
σ | Overall volatility | 4.13 | |
Ir | Information ratio | 0 |
Cofina SGPS 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 Cofina SGPS for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Cofina SGPS SA can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.Cofina SGPS SA had very high historical volatility over the last 90 days |
Cofina SGPS Technical Analysis
Cofina SGPS's future price can be derived by breaking down and analyzing its technical indicators over time. Cofina Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Cofina SGPS SA. In general, you should focus on analyzing Cofina Stock price patterns and their correlations with different microeconomic environments and drivers.
Cofina SGPS Predictive Forecast Models
Cofina SGPS's time-series forecasting models is one of many Cofina SGPS'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 Cofina SGPS'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 Cofina SGPS SA
Checking the ongoing alerts about Cofina SGPS for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Cofina SGPS SA help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Cofina SGPS SA had very high historical volatility over the last 90 days |
Additional Tools for Cofina Stock Analysis
When running Cofina SGPS's price analysis, check to measure Cofina SGPS's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cofina SGPS is operating at the current time. Most of Cofina SGPS's value examination focuses on studying past and present price action to predict the probability of Cofina SGPS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cofina SGPS's price. Additionally, you may evaluate how the addition of Cofina SGPS to your portfolios can decrease your overall portfolio volatility.