Indigo Books Music Stock Probability of Future Pink Sheet Price Finishing Under 15.09
| IDGBF Stock | USD 1.78 0.01 0.56% |
Indigo |
Indigo Books Target Price Odds to finish below 15.09
The tendency of Indigo Pink Sheet 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 under $ 15.09 after 90 days |
| 1.78 | 90 days | 15.09 | close to 99 |
Based on a normal probability distribution, the odds of Indigo Books to stay under $ 15.09 after 90 days from now is close to 99 (This Indigo Books Music probability density function shows the probability of Indigo Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Indigo Books Music price to stay between its current price of $ 1.78 and $ 15.09 at the end of the 90-day period is about 8.08 .
Assuming the 90 days horizon Indigo Books Music has a beta of -2.08. This usually indicates as returns on its benchmark rise, returns on holding Indigo Books Music are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Indigo Books is expected to outperform its benchmark. Additionally Indigo Books Music has an alpha of 0.8556, implying that it can generate a 0.86 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Indigo Books Price Density |
| Price |
Predictive Modules for Indigo Books
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Indigo Books Music. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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 Indigo Books' 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.
Indigo Books Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Indigo Books is not an exception. The market had few large corrections towards the Indigo Books' 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 Indigo Books Music, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Indigo Books within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.86 | |
β | Beta against NYSE Composite | -2.08 | |
σ | Overall volatility | 0.20 | |
Ir | Information ratio | 0.1 |
Indigo Books 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 Indigo Books for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Indigo Books Music can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Indigo Books Music is way too risky over 90 days horizon | |
| Indigo Books Music may become a speculative penny stock | |
| Indigo Books Music appears to be risky and price may revert if volatility continues | |
| Indigo Books Music has high likelihood to experience some financial distress in the next 2 years | |
| About 61.0% of the company shares are held by company insiders |
Indigo Books 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 Indigo Pink Sheet often depends not only on the future outlook of the current and potential Indigo Books' 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. Indigo Books' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 27.3 M |
Indigo Books Technical Analysis
Indigo Books' future price can be derived by breaking down and analyzing its technical indicators over time. Indigo Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Indigo Books Music. In general, you should focus on analyzing Indigo Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Indigo Books Predictive Forecast Models
Indigo Books' time-series forecasting models is one of many Indigo Books' pink sheet 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 Indigo Books' 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 pink sheet market movement and maximize returns from investment trading.
Things to note about Indigo Books Music
Checking the ongoing alerts about Indigo Books for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Indigo Books Music help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Indigo Books Music is way too risky over 90 days horizon | |
| Indigo Books Music may become a speculative penny stock | |
| Indigo Books Music appears to be risky and price may revert if volatility continues | |
| Indigo Books Music has high likelihood to experience some financial distress in the next 2 years | |
| About 61.0% of the company shares are held by company insiders |
Check out Indigo Books Backtesting, Indigo Books Valuation, Indigo Books Correlation, Indigo Books Hype Analysis, Indigo Books Volatility, Indigo Books History as well as Indigo Books Performance. Note that the Indigo Books Music information on this page should be used as a complementary analysis to other Indigo Books' 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 Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Complementary Tools for Indigo Pink Sheet analysis
When running Indigo Books' price analysis, check to measure Indigo Books' 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 Indigo Books is operating at the current time. Most of Indigo Books' value examination focuses on studying past and present price action to predict the probability of Indigo Books' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Indigo Books' price. Additionally, you may evaluate how the addition of Indigo Books to your portfolios can decrease your overall portfolio volatility.
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