Novocure Stock Odds of Future Stock Price Finishing Over 51.84
| NVCR Stock | USD 32.84 0.74 2.31% |
Novocure |
Novocure Target Price Odds to finish over 51.84
The tendency of Novocure 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 $ 51.84 or more in 90 days |
| 32.84 | 90 days | 51.84 | near 1 |
Based on a normal probability distribution, the odds of Novocure to move over $ 51.84 or more in 90 days from now is near 1 (This Novocure probability density function shows the probability of Novocure Stock to fall within a particular range of prices over 90 days) . Probability of Novocure price to stay between its current price of $ 32.84 and $ 51.84 at the end of the 90-day period is near 1 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.34 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Novocure will likely underperform. Moreover Novocure has an alpha of 1.024, implying that it can generate a 1.02 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Novocure Price Density |
| Price |
Predictive Modules for Novocure
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Novocure. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Novocure'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.
Novocure Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Novocure is not an exception. The market had few large corrections towards the Novocure'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 Novocure, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Novocure within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 1.02 | |
β | Beta against Dow Jones | 1.34 | |
σ | Overall volatility | 5.38 | |
Ir | Information ratio | 0.14 |
Novocure 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 Novocure for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Novocure can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Novocure is way too risky over 90 days horizon | |
| Novocure appears to be risky and price may revert if volatility continues | |
| The company reported the previous year's revenue of 509.34 M. Net Loss for the year was (207.04 M) with profit before overhead, payroll, taxes, and interest of 423.58 M. | |
| Novocure currently holds about 948.52 M in cash with (73.34 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 9.06. | |
| Novocure has a frail financial position based on the latest SEC disclosures | |
| Over 97.0% of the company shares are owned by institutional investors | |
| Latest headline from fool.com: Why NovoCure Stock Was Winning Big This Week |
Novocure 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 Novocure Stock often depends not only on the future outlook of the current and potential Novocure'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. Novocure's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 106.4 M | |
| Cash And Short Term Investments | 910.6 M |
Novocure Technical Analysis
Novocure's future price can be derived by breaking down and analyzing its technical indicators over time. Novocure Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Novocure. In general, you should focus on analyzing Novocure Stock price patterns and their correlations with different microeconomic environments and drivers.
Novocure Predictive Forecast Models
Novocure's time-series forecasting models is one of many Novocure'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 Novocure'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 Novocure
Checking the ongoing alerts about Novocure for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Novocure help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Novocure is way too risky over 90 days horizon | |
| Novocure appears to be risky and price may revert if volatility continues | |
| The company reported the previous year's revenue of 509.34 M. Net Loss for the year was (207.04 M) with profit before overhead, payroll, taxes, and interest of 423.58 M. | |
| Novocure currently holds about 948.52 M in cash with (73.34 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 9.06. | |
| Novocure has a frail financial position based on the latest SEC disclosures | |
| Over 97.0% of the company shares are owned by institutional investors | |
| Latest headline from fool.com: Why NovoCure Stock Was Winning Big This Week |
Additional Tools for Novocure Stock Analysis
When running Novocure's price analysis, check to measure Novocure'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 Novocure is operating at the current time. Most of Novocure's value examination focuses on studying past and present price action to predict the probability of Novocure's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Novocure's price. Additionally, you may evaluate how the addition of Novocure to your portfolios can decrease your overall portfolio volatility.