Creative Global Technology Stock Probability of Future Stock Price Finishing Under 7.9
| CGTL Stock | 8.00 0.10 1.23% |
Creative |
Creative Global Target Price Odds to finish below 7.9
The tendency of Creative 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 7.90 or more in 90 days |
| 8.00 | 90 days | 7.90 | about 87.76 |
Based on a normal probability distribution, the odds of Creative Global to drop to 7.90 or more in 90 days from now is about 87.76 (This Creative Global Technology probability density function shows the probability of Creative Stock to fall within a particular range of prices over 90 days) . Probability of Creative Global Tech price to stay between 7.90 and its current price of 8.0 at the end of the 90-day period is near 1 .
Given the investment horizon of 90 days Creative Global has a beta of 0.0907 suggesting as returns on the market go up, Creative Global average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Creative Global Technology will be expected to be much smaller as well. In addition to that Creative Global Technology has an alpha of 4.7581, implying that it can generate a 4.76 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Creative Global Price Density |
| Price |
Predictive Modules for Creative Global
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Creative Global Tech. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Creative Global'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.
Creative Global Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Creative Global is not an exception. The market had few large corrections towards the Creative Global'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 Creative Global Technology, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Creative Global within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 4.76 | |
β | Beta against Dow Jones | 0.09 | |
σ | Overall volatility | 2.30 | |
Ir | Information ratio | 0.36 |
Creative Global 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 Creative Global for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Creative Global Tech can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Creative Global Tech is way too risky over 90 days horizon | |
| Creative Global Tech appears to be risky and price may revert if volatility continues | |
| Latest headline from gurufocus.com: Creative Global Technology Holdings Limited Announces Closings of Its Initial Public Offering ... |
Creative Global 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 Creative Stock often depends not only on the future outlook of the current and potential Creative Global'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. Creative Global's indicators that are reflective of the short sentiment are summarized in the table below.
Creative Global Technical Analysis
Creative Global's future price can be derived by breaking down and analyzing its technical indicators over time. Creative Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Creative Global Technology. In general, you should focus on analyzing Creative Stock price patterns and their correlations with different microeconomic environments and drivers.
Creative Global Predictive Forecast Models
Creative Global's time-series forecasting models is one of many Creative Global'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 Creative Global'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 Creative Global Tech
Checking the ongoing alerts about Creative Global for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Creative Global Tech help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Creative Global Tech is way too risky over 90 days horizon | |
| Creative Global Tech appears to be risky and price may revert if volatility continues | |
| Latest headline from gurufocus.com: Creative Global Technology Holdings Limited Announces Closings of Its Initial Public Offering ... |
Check out Creative Global Backtesting, Creative Global Valuation, Creative Global Correlation, Creative Global Hype Analysis, Creative Global Volatility, Creative Global History as well as Creative Global Performance. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Is Wholesale 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 Creative Global. If investors know Creative 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 Creative Global 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 Creative Global Tech is measured differently than its book value, which is the value of Creative that is recorded on the company's balance sheet. Investors also form their own opinion of Creative Global's value that differs from its market value or its book value, called intrinsic value, which is Creative Global'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 Creative Global's market value can be influenced by many factors that don't directly affect Creative Global'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 Creative Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Creative Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Creative Global'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.