Remitly Global Stock Probability of Future Stock Price Finishing Under 13.78
| RELY Stock | USD 22.80 0.27 1.17% |
Remitly |
Remitly Global Target Price Odds to finish below 13.78
The tendency of Remitly 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 drop to $ 13.78 or more in 90 days |
| 22.80 | 90 days | 13.78 | about 11.41 |
Based on a normal probability distribution, the odds of Remitly Global to drop to $ 13.78 or more in 90 days from now is about 11.41 (This Remitly Global probability density function shows the probability of Remitly Stock to fall within a particular range of prices over 90 days) . Probability of Remitly Global price to stay between $ 13.78 and its current price of $22.8 at the end of the 90-day period is about 80.08 .
Given the investment horizon of 90 days Remitly Global has a beta of 0.47 indicating as returns on the market go up, Remitly Global average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Remitly Global will be expected to be much smaller as well. Additionally Remitly Global has an alpha of 0.7889, implying that it can generate a 0.79 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Remitly Global Price Density |
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Predictive Modules for Remitly Global
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Remitly Global. 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.Remitly Global Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Remitly Global is not an exception. The market had few large corrections towards the Remitly Global'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 Remitly Global, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Remitly Global within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.79 | |
β | Beta against Dow Jones | 0.47 | |
σ | Overall volatility | 3.50 | |
Ir | Information ratio | 0.27 |
Remitly Global 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 Remitly Global for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Remitly Global can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| The company reported the previous year's revenue of 944.28 M. Net Loss for the year was (117.84 M) with profit before overhead, payroll, taxes, and interest of 326.63 M. | |
| Remitly Global currently holds about 429.71 M in cash with (53.59 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.56. | |
| Remitly Global has a poor financial position based on the latest SEC disclosures | |
| Over 82.0% of the company shares are owned by institutional investors | |
| Latest headline from simplywall.st: Remitly Global Insiders Sell US761k Of Stock, Possibly Signalling Caution |
Remitly Global 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 Remitly Stock often depends not only on the future outlook of the current and potential Remitly Global'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. Remitly Global's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 180.8 M | |
| Cash And Short Term Investments | 323.7 M |
Remitly Global Technical Analysis
Remitly Global's future price can be derived by breaking down and analyzing its technical indicators over time. Remitly Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Remitly Global. In general, you should focus on analyzing Remitly Stock price patterns and their correlations with different microeconomic environments and drivers.
Remitly Global Predictive Forecast Models
Remitly Global's time-series forecasting models is one of many Remitly Global'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 Remitly Global'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 Remitly Global
Checking the ongoing alerts about Remitly Global for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Remitly Global help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| The company reported the previous year's revenue of 944.28 M. Net Loss for the year was (117.84 M) with profit before overhead, payroll, taxes, and interest of 326.63 M. | |
| Remitly Global currently holds about 429.71 M in cash with (53.59 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.56. | |
| Remitly Global has a poor financial position based on the latest SEC disclosures | |
| Over 82.0% of the company shares are owned by institutional investors | |
| Latest headline from simplywall.st: Remitly Global Insiders Sell US761k Of Stock, Possibly Signalling Caution |
Additional Tools for Remitly Stock Analysis
When running Remitly Global's price analysis, check to measure Remitly Global'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 Remitly Global is operating at the current time. Most of Remitly Global's value examination focuses on studying past and present price action to predict the probability of Remitly Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Remitly Global's price. Additionally, you may evaluate how the addition of Remitly Global to your portfolios can decrease your overall portfolio volatility.