DocCheck (Germany) Odds of Future Stock Price Finishing Under 4.32
| AJ91 Stock | EUR 8.85 0.50 5.99% |
DocCheck |
DocCheck Target Price Odds to finish below 4.32
The tendency of DocCheck 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 € 4.32 or more in 90 days |
| 8.85 | 90 days | 4.32 | near 1 |
Based on a normal probability distribution, the odds of DocCheck to drop to € 4.32 or more in 90 days from now is near 1 (This DocCheck AG probability density function shows the probability of DocCheck Stock to fall within a particular range of prices over 90 days) . Probability of DocCheck AG price to stay between € 4.32 and its current price of €8.85 at the end of the 90-day period is about 99.0 .
Assuming the 90 days trading horizon DocCheck AG has a beta of -0.14. This suggests as returns on the benchmark increase, returns on holding DocCheck are expected to decrease at a much lower rate. During a bear market, however, DocCheck AG is likely to outperform the market. Additionally DocCheck AG has an alpha of 0.0223, implying that it can generate a 0.0223 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). DocCheck Price Density |
| Price |
Predictive Modules for DocCheck
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as DocCheck AG. 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 DocCheck'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.
DocCheck Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. DocCheck is not an exception. The market had few large corrections towards the DocCheck'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 DocCheck AG, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of DocCheck within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.02 | |
β | Beta against NYSE Composite | -0.14 | |
σ | Overall volatility | 0.20 | |
Ir | Information ratio | 0.01 |
DocCheck 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 DocCheck for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for DocCheck AG 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 72.0% of the company shares are held by company insiders |
DocCheck 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 DocCheck Stock often depends not only on the future outlook of the current and potential DocCheck'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. DocCheck's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 5 M |
DocCheck Technical Analysis
DocCheck's future price can be derived by breaking down and analyzing its technical indicators over time. DocCheck Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of DocCheck AG. In general, you should focus on analyzing DocCheck Stock price patterns and their correlations with different microeconomic environments and drivers.
DocCheck Predictive Forecast Models
DocCheck's time-series forecasting models is one of many DocCheck'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 DocCheck'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 DocCheck AG
Checking the ongoing alerts about DocCheck for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for DocCheck AG help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| About 72.0% of the company shares are held by company insiders |
Other Information on Investing in DocCheck Stock
DocCheck financial ratios help investors to determine whether DocCheck 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 DocCheck with respect to the benefits of owning DocCheck security.