Destination Xl Group Stock Probability of Future Stock Price Finishing Over 2.32
| DXLG Stock | USD 2.69 0.04 1.47% |
Destination |
Destination Target Price Odds to finish over 2.32
The tendency of Destination 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 stay above $ 2.32 in 90 days |
| 2.69 | 90 days | 2.32 | roughly 96.0 |
Based on a normal probability distribution, the odds of Destination to stay above $ 2.32 in 90 days from now is roughly 96.0 (This Destination XL Group probability density function shows the probability of Destination Stock to fall within a particular range of prices over 90 days) . Probability of Destination XL Group price to stay between $ 2.32 and its current price of $2.69 at the end of the 90-day period is about 46.09 .
Given the investment horizon of 90 days Destination has a beta of 0.55 suggesting as returns on the market go up, Destination average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Destination XL Group will be expected to be much smaller as well. Additionally Destination XL Group 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. Destination Price Density |
| Price |
Predictive Modules for Destination
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Destination XL Group. 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.Destination Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Destination is not an exception. The market had few large corrections towards the Destination'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 Destination XL Group, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Destination within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.05 | |
β | Beta against Dow Jones | 0.55 | |
σ | Overall volatility | 0.21 | |
Ir | Information ratio | -0.01 |
Destination 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 Destination for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Destination XL Group can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Destination XL Group had very high historical volatility over the last 90 days | |
| Over 86.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from retaildive.com: Destination XL gets offer to go private |
Destination 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 Destination Stock often depends not only on the future outlook of the current and potential Destination'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. Destination's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 64.3 M | |
| Cash And Short Term Investments | 60 M |
Destination Technical Analysis
Destination's future price can be derived by breaking down and analyzing its technical indicators over time. Destination Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Destination XL Group. In general, you should focus on analyzing Destination Stock price patterns and their correlations with different microeconomic environments and drivers.
Destination Predictive Forecast Models
Destination's time-series forecasting models is one of many Destination'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 Destination'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.