Broadway Financial Stock Probability of Future Stock Price Finishing Under 7.21
| BYFC Stock | USD 7.22 0.19 2.70% |
Broadway |
Broadway Financial Target Price Odds to finish below 7.21
The tendency of Broadway 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 drop to $ 7.21 or more in 90 days |
| 7.22 | 90 days | 7.21 | about 86.48 |
Based on a normal probability distribution, the odds of Broadway Financial to drop to $ 7.21 or more in 90 days from now is about 86.48 (This Broadway Financial probability density function shows the probability of Broadway Stock to fall within a particular range of prices over 90 days) . Probability of Broadway Financial price to stay between $ 7.21 and its current price of $7.22 at the end of the 90-day period is near 1 .
Given the investment horizon of 90 days Broadway Financial has a beta of -0.51 suggesting as returns on the benchmark increase, returns on holding Broadway Financial are expected to decrease at a much lower rate. During a bear market, however, Broadway Financial is likely to outperform the market. Additionally Broadway Financial has an alpha of 0.2058, implying that it can generate a 0.21 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Broadway Financial Price Density |
| Price |
Predictive Modules for Broadway Financial
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Broadway Financial. 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.Broadway Financial Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Broadway Financial is not an exception. The market had few large corrections towards the Broadway Financial'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 Broadway Financial, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Broadway Financial within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.21 | |
β | Beta against Dow Jones | -0.51 | |
σ | Overall volatility | 0.37 | |
Ir | Information ratio | 0.02 |
Broadway Financial 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 Broadway Financial for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Broadway Financial can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Broadway Financial had very high historical volatility over the last 90 days | |
| About 35.0% of the company shares are held by company insiders | |
| Latest headline from independent.co.uk: Elton John breaks silence on Broadway flop Tammy Faye after rapid cancellation |
Broadway Financial 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 Broadway Stock often depends not only on the future outlook of the current and potential Broadway Financial'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. Broadway Financial's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 8.7 M | |
| Cash And Short Term Investments | 322.4 M |
Broadway Financial Technical Analysis
Broadway Financial's future price can be derived by breaking down and analyzing its technical indicators over time. Broadway Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Broadway Financial. In general, you should focus on analyzing Broadway Stock price patterns and their correlations with different microeconomic environments and drivers.
Broadway Financial Predictive Forecast Models
Broadway Financial's time-series forecasting models is one of many Broadway Financial'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 Broadway Financial'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 Broadway Financial
Checking the ongoing alerts about Broadway Financial for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Broadway Financial help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Broadway Financial had very high historical volatility over the last 90 days | |
| About 35.0% of the company shares are held by company insiders | |
| Latest headline from independent.co.uk: Elton John breaks silence on Broadway flop Tammy Faye after rapid cancellation |
Check out Broadway Financial Backtesting, Broadway Financial Valuation, Broadway Financial Correlation, Broadway Financial Hype Analysis, Broadway Financial Volatility, Broadway Financial History as well as Broadway Financial Performance. For information on how to trade Broadway Stock refer to our How to Trade Broadway Stock guide.You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Is Regional Banks 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 Broadway Financial. If investors know Broadway 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 Broadway Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.09 | Earnings Share 0.28 | Revenue Per Share 3.814 | Quarterly Revenue Growth 0.175 | Return On Assets 0.0025 |
The market value of Broadway Financial is measured differently than its book value, which is the value of Broadway that is recorded on the company's balance sheet. Investors also form their own opinion of Broadway Financial's value that differs from its market value or its book value, called intrinsic value, which is Broadway Financial'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 Broadway Financial's market value can be influenced by many factors that don't directly affect Broadway Financial'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 Broadway Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Broadway Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Broadway Financial'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.