Netcare (South Africa) Odds of Future Stock Price Finishing Over 1386.13
| NTC Stock | 1,499 13.00 0.86% |
Netcare |
Netcare Target Price Odds to finish over 1386.13
The tendency of Netcare 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 1,386 in 90 days |
| 1,499 | 90 days | 1,386 | close to 99 |
Based on a normal probability distribution, the odds of Netcare to stay above 1,386 in 90 days from now is close to 99 (This Netcare probability density function shows the probability of Netcare Stock to fall within a particular range of prices over 90 days) . Probability of Netcare price to stay between 1,386 and its current price of 1499.0 at the end of the 90-day period is about 34.77 .
Assuming the 90 days trading horizon Netcare has a beta of 0.14. This indicates as returns on the market go up, Netcare average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Netcare will be expected to be much smaller as well. Additionally Netcare has an alpha of 0.0381, implying that it can generate a 0.0381 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Netcare Price Density |
| Price |
Predictive Modules for Netcare
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Netcare. 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.Netcare Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Netcare is not an exception. The market had few large corrections towards the Netcare'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 Netcare, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Netcare within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.04 | |
β | Beta against Dow Jones | 0.14 | |
σ | Overall volatility | 22.82 | |
Ir | Information ratio | 0.0007 |
Netcare 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 Netcare for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Netcare can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Netcare generated a negative expected return over the last 90 days | |
| Over 80.0% of the company shares are owned by institutional investors |
Netcare 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 Netcare Stock often depends not only on the future outlook of the current and potential Netcare'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. Netcare's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.3 B | |
| Cash And Short Term Investments | 1.5 B |
Netcare Technical Analysis
Netcare's future price can be derived by breaking down and analyzing its technical indicators over time. Netcare Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Netcare. In general, you should focus on analyzing Netcare Stock price patterns and their correlations with different microeconomic environments and drivers.
Netcare Predictive Forecast Models
Netcare's time-series forecasting models is one of many Netcare'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 Netcare'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 Netcare
Checking the ongoing alerts about Netcare for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Netcare help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Netcare generated a negative expected return over the last 90 days | |
| Over 80.0% of the company shares are owned by institutional investors |
Other Information on Investing in Netcare Stock
Netcare financial ratios help investors to determine whether Netcare 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 Netcare with respect to the benefits of owning Netcare security.