Cover Stock Chance of Future OTC Stock Price Finishing Under 11.78
| COVCF Stock | 17.75 0.73 4.29% |
COVER |
COVER Target Price Odds to finish below 11.78
The tendency of COVER OTC 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 11.78 or more in 90 days |
| 17.75 | 90 days | 11.78 | about 19.71 |
Based on a normal probability distribution, the odds of COVER to drop to 11.78 or more in 90 days from now is about 19.71 (This COVER probability density function shows the probability of COVER OTC Stock to fall within a particular range of prices over 90 days) . Probability of COVER price to stay between 11.78 and its current price of 17.75 at the end of the 90-day period is about 76.56 .
Assuming the 90 days horizon COVER has a beta of -1.46 suggesting as returns on its benchmark rise, returns on holding COVER are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, COVER is expected to outperform its benchmark. Additionally COVER has an alpha of 0.8186, implying that it can generate a 0.82 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). COVER Price Density |
| Price |
Predictive Modules for COVER
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as COVER. Regardless of method or technology, however, to accurately forecast the otc stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the otc 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 COVER'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.
COVER Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. COVER is not an exception. The market had few large corrections towards the COVER'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 COVER, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of COVER within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.82 | |
β | Beta against Dow Jones | -1.46 | |
σ | Overall volatility | 2.26 | |
Ir | Information ratio | 0.12 |
COVER 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 COVER for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for COVER can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| COVER appears to be risky and price may revert if volatility continues |
COVER Technical Analysis
COVER's future price can be derived by breaking down and analyzing its technical indicators over time. COVER OTC Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of COVER. In general, you should focus on analyzing COVER OTC Stock price patterns and their correlations with different microeconomic environments and drivers.
COVER Predictive Forecast Models
COVER's time-series forecasting models is one of many COVER's otc 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 COVER'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 otc stock market movement and maximize returns from investment trading.
Things to note about COVER
Checking the ongoing alerts about COVER for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for COVER help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| COVER appears to be risky and price may revert if volatility continues |