Andover Bancorp Stock Probability of Future Pink Sheet Price Finishing Under 9.05
| ANDC Stock | USD 20.00 0.60 2.91% |
Andover |
Andover Bancorp Target Price Odds to finish below 9.05
The tendency of Andover 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 drop to $ 9.05 or more in 90 days |
| 20.00 | 90 days | 9.05 | near 1 |
Based on a normal probability distribution, the odds of Andover Bancorp to drop to $ 9.05 or more in 90 days from now is near 1 (This Andover Bancorp probability density function shows the probability of Andover Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Andover Bancorp price to stay between $ 9.05 and its current price of $20.0 at the end of the 90-day period is about 29.46 .
Given the investment horizon of 90 days Andover Bancorp has a beta of -0.22. This suggests as returns on the benchmark increase, returns on holding Andover Bancorp are expected to decrease at a much lower rate. During a bear market, however, Andover Bancorp is likely to outperform the market. Additionally Andover Bancorp has an alpha of 0.1349, implying that it can generate a 0.13 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Andover Bancorp Price Density |
| Price |
Predictive Modules for Andover Bancorp
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Andover Bancorp. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Andover Bancorp'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.
Andover Bancorp Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Andover Bancorp is not an exception. The market had few large corrections towards the Andover Bancorp'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 Andover Bancorp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Andover Bancorp within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.13 | |
β | Beta against Dow Jones | -0.22 | |
σ | Overall volatility | 2.04 | |
Ir | Information ratio | 0.03 |
Andover Bancorp 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 Andover Bancorp for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Andover Bancorp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Andover Bancorp had very high historical volatility over the last 90 days |
Andover Bancorp Technical Analysis
Andover Bancorp's future price can be derived by breaking down and analyzing its technical indicators over time. Andover Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Andover Bancorp. In general, you should focus on analyzing Andover Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Andover Bancorp Predictive Forecast Models
Andover Bancorp's time-series forecasting models is one of many Andover Bancorp'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 Andover Bancorp'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.
Things to note about Andover Bancorp
Checking the ongoing alerts about Andover Bancorp for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Andover Bancorp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Andover Bancorp had very high historical volatility over the last 90 days |
Other Information on Investing in Andover Pink Sheet
Andover Bancorp financial ratios help investors to determine whether Andover 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 Andover with respect to the benefits of owning Andover Bancorp security.