CARGOJET INC (Germany) Probability of Future Stock Price Finishing Under 74.02
| CJ8A Stock | EUR 75.50 0.50 0.66% |
CARGOJET |
CARGOJET INC Target Price Odds to finish below 74.02
The tendency of CARGOJET 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 € 74.02 or more in 90 days |
| 75.50 | 90 days | 74.02 | near 1 |
Based on a normal probability distribution, the odds of CARGOJET INC to drop to € 74.02 or more in 90 days from now is near 1 (This CARGOJET INC VAR probability density function shows the probability of CARGOJET Stock to fall within a particular range of prices over 90 days) . Probability of CARGOJET INC VAR price to stay between € 74.02 and its current price of €75.5 at the end of the 90-day period is near 1 .
Assuming the 90 days trading horizon CARGOJET INC has a beta of 0.97 suggesting CARGOJET INC VAR market returns are reactive to returns on the market. As the market goes up or down, CARGOJET INC is expected to follow. Additionally CARGOJET INC VAR has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. CARGOJET INC Price Density |
| Price |
Predictive Modules for CARGOJET INC
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as CARGOJET INC VAR. 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.CARGOJET INC Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. CARGOJET INC is not an exception. The market had few large corrections towards the CARGOJET INC'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 CARGOJET INC VAR, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of CARGOJET INC within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.25 | |
β | Beta against Dow Jones | 0.97 | |
σ | Overall volatility | 4.26 | |
Ir | Information ratio | -0.14 |
CARGOJET INC 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 CARGOJET INC for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for CARGOJET INC VAR can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| CARGOJET INC VAR generated a negative expected return over the last 90 days |
CARGOJET INC Technical Analysis
CARGOJET INC's future price can be derived by breaking down and analyzing its technical indicators over time. CARGOJET Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of CARGOJET INC VAR. In general, you should focus on analyzing CARGOJET Stock price patterns and their correlations with different microeconomic environments and drivers.
CARGOJET INC Predictive Forecast Models
CARGOJET INC's time-series forecasting models is one of many CARGOJET INC'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 CARGOJET INC'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 CARGOJET INC VAR
Checking the ongoing alerts about CARGOJET INC for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for CARGOJET INC VAR help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| CARGOJET INC VAR generated a negative expected return over the last 90 days |
Other Information on Investing in CARGOJET Stock
CARGOJET INC financial ratios help investors to determine whether CARGOJET Stock 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 CARGOJET with respect to the benefits of owning CARGOJET INC security.