Ohio Valley Banc Stock Probability of Future Stock Price Finishing Over 31.92
| OVBC Stock | USD 26.80 0.33 1.22% |
Ohio |
Ohio Valley Target Price Odds to finish over 31.92
The tendency of Ohio 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 $ 31.92 or more in 90 days |
| 26.80 | 90 days | 31.92 | near 1 |
Based on a normal probability distribution, the odds of Ohio Valley to move over $ 31.92 or more in 90 days from now is near 1 (This Ohio Valley Banc probability density function shows the probability of Ohio Stock to fall within a particular range of prices over 90 days) . Probability of Ohio Valley Banc price to stay between its current price of $ 26.80 and $ 31.92 at the end of the 90-day period is under 4.
Given the investment horizon of 90 days Ohio Valley has a beta of 0.55. This indicates as returns on the market go up, Ohio Valley average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Ohio Valley Banc will be expected to be much smaller as well. Additionally Ohio Valley Banc has an alpha of 0.0871, implying that it can generate a 0.0871 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Ohio Valley Price Density |
| Price |
Predictive Modules for Ohio Valley
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Ohio Valley Banc. 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.Ohio Valley Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Ohio Valley is not an exception. The market had few large corrections towards the Ohio Valley'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 Ohio Valley Banc, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Ohio Valley within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.09 | |
β | Beta against Dow Jones | 0.55 | |
σ | Overall volatility | 1.34 | |
Ir | Information ratio | 0.02 |
Ohio Valley 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 Ohio Valley for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Ohio Valley Banc can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| About 20.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from gurufocus.com: Ohio Valley Banc Corp Stock Drops 6.06 percent Amid Banking Sector Decline |
Ohio Valley 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 Ohio Stock often depends not only on the future outlook of the current and potential Ohio Valley'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. Ohio Valley's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 4.8 M | |
| Cash And Short Term Investments | 290.4 M |
Ohio Valley Technical Analysis
Ohio Valley's future price can be derived by breaking down and analyzing its technical indicators over time. Ohio Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Ohio Valley Banc. In general, you should focus on analyzing Ohio Stock price patterns and their correlations with different microeconomic environments and drivers.
Ohio Valley Predictive Forecast Models
Ohio Valley's time-series forecasting models is one of many Ohio Valley'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 Ohio Valley'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 Ohio Valley Banc
Checking the ongoing alerts about Ohio Valley for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Ohio Valley Banc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| About 20.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from gurufocus.com: Ohio Valley Banc Corp Stock Drops 6.06 percent Amid Banking Sector Decline |
Check out Ohio Valley Backtesting, Ohio Valley Valuation, Ohio Valley Correlation, Ohio Valley Hype Analysis, Ohio Valley Volatility, Ohio Valley History as well as Ohio Valley Performance. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ohio Valley. If investors know Ohio will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ohio Valley listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.224 | Dividend Share 0.88 | Earnings Share 2.47 | Revenue Per Share 12.065 | Quarterly Revenue Growth 0.112 |
The market value of Ohio Valley Banc is measured differently than its book value, which is the value of Ohio that is recorded on the company's balance sheet. Investors also form their own opinion of Ohio Valley's value that differs from its market value or its book value, called intrinsic value, which is Ohio Valley's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ohio Valley's market value can be influenced by many factors that don't directly affect Ohio Valley's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ohio Valley's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ohio Valley is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ohio Valley's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.