NIGHTINGALE HEALTH (Germany) Probability of Future Stock Price Finishing Over 6.08
| 7XE Stock | EUR 2.64 0.09 3.30% |
NIGHTINGALE |
NIGHTINGALE HEALTH Target Price Odds to finish over 6.08
The tendency of NIGHTINGALE 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 over € 6.08 or more in 90 days |
| 2.64 | 90 days | 6.08 | close to zero percent |
Based on a normal probability distribution, the odds of NIGHTINGALE HEALTH to move over € 6.08 or more in 90 days from now is close to zero percent (This NIGHTINGALE HEALTH EO probability density function shows the probability of NIGHTINGALE Stock to fall within a particular range of prices over 90 days) . Probability of NIGHTINGALE HEALTH price to stay between its current price of € 2.64 and € 6.08 at the end of the 90-day period is about 85.92 .
Assuming the 90 days horizon NIGHTINGALE HEALTH has a beta of 0.22. This suggests as returns on the market go up, NIGHTINGALE HEALTH average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding NIGHTINGALE HEALTH EO will be expected to be much smaller as well. Additionally NIGHTINGALE HEALTH EO 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. NIGHTINGALE HEALTH Price Density |
| Price |
Predictive Modules for NIGHTINGALE HEALTH
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as NIGHTINGALE HEALTH. 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.NIGHTINGALE HEALTH Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. NIGHTINGALE HEALTH is not an exception. The market had few large corrections towards the NIGHTINGALE HEALTH'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 NIGHTINGALE HEALTH EO, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of NIGHTINGALE HEALTH within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.09 | |
β | Beta against Dow Jones | 0.22 | |
σ | Overall volatility | 0.13 | |
Ir | Information ratio | 0.01 |
NIGHTINGALE HEALTH 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 NIGHTINGALE HEALTH for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for NIGHTINGALE HEALTH can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| NIGHTINGALE HEALTH generated a negative expected return over the last 90 days | |
| NIGHTINGALE HEALTH has high historical volatility and very poor performance | |
| NIGHTINGALE HEALTH has high likelihood to experience some financial distress in the next 2 years | |
| About 50.0% of the company shares are owned by insiders or employees |
NIGHTINGALE HEALTH 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 NIGHTINGALE Stock often depends not only on the future outlook of the current and potential NIGHTINGALE HEALTH's 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. NIGHTINGALE HEALTH's indicators that are reflective of the short sentiment are summarized in the table below.
| Shares Float | 26.2 M |
NIGHTINGALE HEALTH Technical Analysis
NIGHTINGALE HEALTH's future price can be derived by breaking down and analyzing its technical indicators over time. NIGHTINGALE Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of NIGHTINGALE HEALTH EO. In general, you should focus on analyzing NIGHTINGALE Stock price patterns and their correlations with different microeconomic environments and drivers.
NIGHTINGALE HEALTH Predictive Forecast Models
NIGHTINGALE HEALTH's time-series forecasting models is one of many NIGHTINGALE HEALTH'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 NIGHTINGALE HEALTH'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 NIGHTINGALE HEALTH
Checking the ongoing alerts about NIGHTINGALE HEALTH for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for NIGHTINGALE HEALTH help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| NIGHTINGALE HEALTH generated a negative expected return over the last 90 days | |
| NIGHTINGALE HEALTH has high historical volatility and very poor performance | |
| NIGHTINGALE HEALTH has high likelihood to experience some financial distress in the next 2 years | |
| About 50.0% of the company shares are owned by insiders or employees |
Other Information on Investing in NIGHTINGALE Stock
NIGHTINGALE HEALTH financial ratios help investors to determine whether NIGHTINGALE 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 NIGHTINGALE with respect to the benefits of owning NIGHTINGALE HEALTH security.