Applied Digital Stock Probability of Future Stock Price Finishing Over 27.34
| APLD Stock | USD 8.39 0.81 8.80% |
Applied |
Applied Digital Target Price Odds to finish over 27.34
The tendency of Applied 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 $ 27.34 or more in 90 days |
| 8.39 | 90 days | 27.34 | close to zero percent |
Based on a normal probability distribution, the odds of Applied Digital to move over $ 27.34 or more in 90 days from now is close to zero percent (This Applied Digital probability density function shows the probability of Applied Stock to fall within a particular range of prices over 90 days) . Probability of Applied Digital price to stay between its current price of $ 8.39 and $ 27.34 at the end of the 90-day period is about 47.81 .
Given the investment horizon of 90 days the stock has the beta coefficient of 2.92 . This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Applied Digital will likely underperform. Additionally Applied Digital has an alpha of 0.1861, implying that it can generate a 0.19 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Applied Digital Price Density |
| Price |
Predictive Modules for Applied Digital
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Applied Digital. 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.Applied Digital Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Applied Digital is not an exception. The market had few large corrections towards the Applied Digital'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 Applied Digital, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Applied Digital within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.19 | |
β | Beta against Dow Jones | 2.92 | |
σ | Overall volatility | 1.09 | |
Ir | Information ratio | 0.04 |
Applied Digital 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 Applied Digital for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Applied Digital can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Applied Digital had very high historical volatility over the last 90 days | |
| Applied Digital currently holds 427.81 M in liabilities with Debt to Equity (D/E) ratio of 0.28, which may suggest the company is not taking enough advantage from borrowing. Applied Digital has a current ratio of 0.85, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Applied Digital's use of debt, we should always consider it together with its cash and equity. | |
| The entity reported the previous year's revenue of 165.57 M. Net Loss for the year was (149.27 M) with loss before overhead, payroll, taxes, and interest of (957 K). | |
| About 65.0% of Applied Digital shares are held by institutions such as insurance companies |
Applied Digital 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 Applied Stock often depends not only on the future outlook of the current and potential Applied Digital'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. Applied Digital's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 114.1 M | |
| Cash And Short Term Investments | 3.3 M |
Applied Digital Technical Analysis
Applied Digital's future price can be derived by breaking down and analyzing its technical indicators over time. Applied Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Applied Digital. In general, you should focus on analyzing Applied Stock price patterns and their correlations with different microeconomic environments and drivers.
Applied Digital Predictive Forecast Models
Applied Digital's time-series forecasting models is one of many Applied Digital'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 Applied Digital'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 Applied Digital
Checking the ongoing alerts about Applied Digital for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Applied Digital help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Applied Digital had very high historical volatility over the last 90 days | |
| Applied Digital currently holds 427.81 M in liabilities with Debt to Equity (D/E) ratio of 0.28, which may suggest the company is not taking enough advantage from borrowing. Applied Digital has a current ratio of 0.85, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Applied Digital's use of debt, we should always consider it together with its cash and equity. | |
| The entity reported the previous year's revenue of 165.57 M. Net Loss for the year was (149.27 M) with loss before overhead, payroll, taxes, and interest of (957 K). | |
| About 65.0% of Applied Digital shares are held by institutions such as insurance companies |
Check out Applied Digital Backtesting, Applied Digital Valuation, Applied Digital Correlation, Applied Digital Hype Analysis, Applied Digital Volatility, Applied Digital History as well as Applied Digital Performance. For information on how to trade Applied Stock refer to our How to Trade Applied Stock guide.You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Is Business Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Applied Digital. If investors know Applied will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Applied Digital listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Applied Digital is measured differently than its book value, which is the value of Applied that is recorded on the company's balance sheet. Investors also form their own opinion of Applied Digital's value that differs from its market value or its book value, called intrinsic value, which is Applied Digital's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Applied Digital's market value can be influenced by many factors that don't directly affect Applied Digital's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Applied Digital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Applied Digital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Applied Digital's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.