National Grid (Germany) Probability of Future Stock Price Finishing Over 11.59
| NNGF Stock | 11.10 0.28 2.46% |
National |
National Grid Target Price Odds to finish over 11.59
The tendency of National 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 11.59 or more in 90 days |
| 11.10 | 90 days | 11.59 | about 68.54 |
Based on a normal probability distribution, the odds of National Grid to move over 11.59 or more in 90 days from now is about 68.54 (This National Grid PLC probability density function shows the probability of National Stock to fall within a particular range of prices over 90 days) . Probability of National Grid PLC price to stay between its current price of 11.10 and 11.59 at the end of the 90-day period is about 29.96 .
Assuming the 90 days trading horizon National Grid has a beta of 0.25. This indicates as returns on the market go up, National Grid average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding National Grid PLC will be expected to be much smaller as well. Additionally National Grid PLC 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. National Grid Price Density |
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Predictive Modules for National Grid
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as National Grid PLC. 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.National Grid Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. National Grid is not an exception. The market had few large corrections towards the National Grid'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 National Grid PLC, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of National Grid within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.18 | |
β | Beta against Dow Jones | 0.25 | |
σ | Overall volatility | 0.29 | |
Ir | Information ratio | -0.16 |
National Grid 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 National Grid for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for National Grid PLC can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| National Grid PLC generated a negative expected return over the last 90 days |
National Grid 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 National Stock often depends not only on the future outlook of the current and potential National Grid'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. National Grid's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 3.6 B | |
| Dividends Paid | -922 M | |
| Short Long Term Debt | 12 B |
National Grid Technical Analysis
National Grid's future price can be derived by breaking down and analyzing its technical indicators over time. National Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of National Grid PLC. In general, you should focus on analyzing National Stock price patterns and their correlations with different microeconomic environments and drivers.
National Grid Predictive Forecast Models
National Grid's time-series forecasting models is one of many National Grid'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 National Grid'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 National Grid PLC
Checking the ongoing alerts about National Grid for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for National Grid PLC help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| National Grid PLC generated a negative expected return over the last 90 days |
Additional Tools for National Stock Analysis
When running National Grid's price analysis, check to measure National Grid's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy National Grid is operating at the current time. Most of National Grid's value examination focuses on studying past and present price action to predict the probability of National Grid's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move National Grid's price. Additionally, you may evaluate how the addition of National Grid to your portfolios can decrease your overall portfolio volatility.