DocCheck (Germany) Odds of Future Stock Price Finishing Over 8.6
AJ91 Stock | EUR 8.85 0.50 5.99% |
DocCheck |
DocCheck Target Price Odds to finish over 8.6
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 stay above 8.60 in 90 days |
8.85 | 90 days | 8.60 | about 14.69 |
Based on a normal probability distribution, the odds of DocCheck to stay above 8.60 in 90 days from now is about 14.69 (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 8.60 and its current price of 8.85 at the end of the 90-day period is about 13.61 .
Assuming the 90 days trading horizon DocCheck has a beta of 0.15. This suggests as returns on the market go up, DocCheck average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding DocCheck AG will be expected to be much smaller as well. Additionally DocCheck AG has an alpha of 4.0E-4, implying that it can generate a 4.14E-4 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 | 0.0004 | |
β | Beta against NYSE Composite | 0.15 | |
σ | Overall volatility | 0.20 | |
Ir | Information ratio | -0.02 |
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 |
Check out DocCheck Backtesting, DocCheck Valuation, DocCheck Correlation, DocCheck Hype Analysis, DocCheck Volatility, DocCheck History as well as DocCheck Performance. Note that the DocCheck AG information on this page should be used as a complementary analysis to other DocCheck's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary Tools for DocCheck Stock analysis
When running DocCheck's price analysis, check to measure DocCheck'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 DocCheck is operating at the current time. Most of DocCheck's value examination focuses on studying past and present price action to predict the probability of DocCheck's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DocCheck's price. Additionally, you may evaluate how the addition of DocCheck to your portfolios can decrease your overall portfolio volatility.
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