Nine Dragons Paper Stock Probability of Future Pink Sheet Price Finishing Over 23.55
| NDGPY Stock | USD 7.90 0.20 2.47% |
Nine |
Nine Dragons Target Price Odds to finish over 23.55
The tendency of Nine 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 move over $ 23.55 or more in 90 days |
| 7.90 | 90 days | 23.55 | close to zero percent |
Based on a normal probability distribution, the odds of Nine Dragons to move over $ 23.55 or more in 90 days from now is close to zero percent (This Nine Dragons Paper probability density function shows the probability of Nine Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Nine Dragons Paper price to stay between its current price of $ 7.90 and $ 23.55 at the end of the 90-day period is more than 93.0 .
Assuming the 90 days horizon Nine Dragons has a beta of 0.29. This indicates as returns on the market go up, Nine Dragons average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Nine Dragons Paper will be expected to be much smaller as well. Additionally Nine Dragons Paper has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Nine Dragons Price Density |
| Price |
Predictive Modules for Nine Dragons
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nine Dragons Paper. 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 Nine Dragons' 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.
Nine Dragons Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Nine Dragons is not an exception. The market had few large corrections towards the Nine Dragons' 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 Nine Dragons Paper, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nine Dragons within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.03 | |
β | Beta against NYSE Composite | 0.29 | |
σ | Overall volatility | 0.48 | |
Ir | Information ratio | -0.03 |
Nine Dragons 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 Nine Pink Sheet often depends not only on the future outlook of the current and potential Nine Dragons' 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. Nine Dragons' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 4.7 B |
Nine Dragons Technical Analysis
Nine Dragons' future price can be derived by breaking down and analyzing its technical indicators over time. Nine Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nine Dragons Paper. In general, you should focus on analyzing Nine Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Nine Dragons Predictive Forecast Models
Nine Dragons' time-series forecasting models is one of many Nine Dragons' 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 Nine Dragons' 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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Nine Dragons in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Nine Dragons' short interest history, or implied volatility extrapolated from Nine Dragons options trading.
Check out Nine Dragons Backtesting, Nine Dragons Valuation, Nine Dragons Correlation, Nine Dragons Hype Analysis, Nine Dragons Volatility, Nine Dragons History as well as Nine Dragons Performance. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Complementary Tools for Nine Pink Sheet analysis
When running Nine Dragons' price analysis, check to measure Nine Dragons' 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 Nine Dragons is operating at the current time. Most of Nine Dragons' value examination focuses on studying past and present price action to predict the probability of Nine Dragons' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nine Dragons' price. Additionally, you may evaluate how the addition of Nine Dragons to your portfolios can decrease your overall portfolio volatility.
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