Adva Optical Networking Stock Probability of Future Pink Sheet Price Finishing Over 20.76
| ADVOF Stock | USD 20.56 0.00 0.00% |
ADVA |
ADVA Optical Target Price Odds to finish over 20.76
The tendency of ADVA Pink Sheet 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 $ 20.76 or more in 90 days |
| 20.56 | 90 days | 20.76 | about 1.05 |
Based on a normal probability distribution, the odds of ADVA Optical to move over $ 20.76 or more in 90 days from now is about 1.05 (This ADVA Optical Networking probability density function shows the probability of ADVA Pink Sheet to fall within a particular range of prices over 90 days) . Probability of ADVA Optical Networking price to stay between its current price of $ 20.56 and $ 20.76 at the end of the 90-day period is about 21.04 .
Assuming the 90 days horizon ADVA Optical Networking has a beta of -0.0017. This suggests as returns on the benchmark increase, returns on holding ADVA Optical are expected to decrease at a much lower rate. During a bear market, however, ADVA Optical Networking is likely to outperform the market. Additionally ADVA Optical Networking has an alpha of 0.0179, implying that it can generate a 0.0179 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). ADVA Optical Price Density |
| Price |
Predictive Modules for ADVA Optical
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ADVA Optical Networking. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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.ADVA Optical Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. ADVA Optical is not an exception. The market had few large corrections towards the ADVA Optical'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 ADVA Optical Networking, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of ADVA Optical within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.02 | |
β | Beta against Dow Jones | -0.0017 | |
σ | Overall volatility | 0.13 | |
Ir | Information ratio | -0.45 |
ADVA Optical 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 ADVA Pink Sheet often depends not only on the future outlook of the current and potential ADVA Optical'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. ADVA Optical's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 51.4 M |
ADVA Optical Technical Analysis
ADVA Optical's future price can be derived by breaking down and analyzing its technical indicators over time. ADVA Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of ADVA Optical Networking. In general, you should focus on analyzing ADVA Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
ADVA Optical Predictive Forecast Models
ADVA Optical's time-series forecasting models is one of many ADVA Optical's pink sheet 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 ADVA Optical'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 pink sheet market movement and maximize returns from investment trading.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards ADVA Optical in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, ADVA Optical's short interest history, or implied volatility extrapolated from ADVA Optical options trading.
Other Information on Investing in ADVA Pink Sheet
ADVA Optical financial ratios help investors to determine whether ADVA Pink Sheet 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 ADVA with respect to the benefits of owning ADVA Optical security.