MULTIVERSE MINING (Nigeria) Probability of Future Stock Price Finishing Over 14.51
| MULTIVERSE | 5.90 0.65 9.92% |
MULTIVERSE |
MULTIVERSE MINING Target Price Odds to finish over 14.51
The tendency of MULTIVERSE 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 move over 14.51 or more in 90 days |
| 5.90 | 90 days | 14.51 | near 1 |
Based on a normal probability distribution, the odds of MULTIVERSE MINING to move over 14.51 or more in 90 days from now is near 1 (This MULTIVERSE MINING AND probability density function shows the probability of MULTIVERSE Stock to fall within a particular range of prices over 90 days) . Probability of MULTIVERSE MINING AND price to stay between its current price of 5.90 and 14.51 at the end of the 90-day period is about 97.0 .
Assuming the 90 days trading horizon MULTIVERSE MINING AND has a beta of -0.42. This indicates as returns on the benchmark increase, returns on holding MULTIVERSE MINING are expected to decrease at a much lower rate. During a bear market, however, MULTIVERSE MINING AND is likely to outperform the market. Additionally MULTIVERSE MINING AND 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. MULTIVERSE MINING Price Density |
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Predictive Modules for MULTIVERSE MINING
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as MULTIVERSE MINING AND. 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.MULTIVERSE MINING Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. MULTIVERSE MINING is not an exception. The market had few large corrections towards the MULTIVERSE MINING'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 MULTIVERSE MINING AND, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of MULTIVERSE MINING within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.89 | |
β | Beta against Dow Jones | -0.42 | |
σ | Overall volatility | 1.59 | |
Ir | Information ratio | -0.37 |
MULTIVERSE MINING 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 MULTIVERSE MINING for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for MULTIVERSE MINING AND can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| MULTIVERSE MINING generated a negative expected return over the last 90 days |
MULTIVERSE MINING Technical Analysis
MULTIVERSE MINING's future price can be derived by breaking down and analyzing its technical indicators over time. MULTIVERSE Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of MULTIVERSE MINING AND. In general, you should focus on analyzing MULTIVERSE Stock price patterns and their correlations with different microeconomic environments and drivers.
MULTIVERSE MINING Predictive Forecast Models
MULTIVERSE MINING's time-series forecasting models is one of many MULTIVERSE MINING'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 MULTIVERSE MINING'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 MULTIVERSE MINING AND
Checking the ongoing alerts about MULTIVERSE MINING for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for MULTIVERSE MINING AND help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| MULTIVERSE MINING generated a negative expected return over the last 90 days |