Duck Creek Technologies Probability of Future Stock Price Finishing Over 20.89
| DCTDelisted Stock | USD 18.99 0.00 0.00% |
Duck |
Duck Creek Target Price Odds to finish over 20.89
The tendency of Duck 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 move over $ 20.89 or more in 90 days |
| 18.99 | 90 days | 20.89 | about 53.77 |
Based on a normal probability distribution, the odds of Duck Creek to move over $ 20.89 or more in 90 days from now is about 53.77 (This Duck Creek Technologies probability density function shows the probability of Duck Stock to fall within a particular range of prices over 90 days) . Probability of Duck Creek Technologies price to stay between its current price of $ 18.99 and $ 20.89 at the end of the 90-day period is near 1 .
Considering the 90-day investment horizon the stock has the beta coefficient of 59.37 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Duck Creek will likely underperform. In addition to that Duck Creek Technologies has an alpha of 51.5465, implying that it can generate a 51.55 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Duck Creek Price Density |
| Price |
Predictive Modules for Duck Creek
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Duck Creek Technologies. 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 Duck Creek'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.
Duck Creek Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Duck Creek is not an exception. The market had few large corrections towards the Duck Creek'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 Duck Creek Technologies, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Duck Creek within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 51.55 | |
β | Beta against NYSE Composite | 59.37 | |
σ | Overall volatility | 83.90 | |
Ir | Information ratio | 0.12 |
Duck Creek 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 Duck Creek for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Duck Creek Technologies can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Duck Creek is not yet fully synchronised with the market data | |
| Duck Creek has a very high chance of going through financial distress in the upcoming years | |
| The company reported the last year's revenue of 302.92 M. Reported Net Loss for the year was (8.33 M) with profit before taxes, overhead, and interest of 174.62 M. | |
| Over 95.0% of the company shares are held by institutions such as insurance companies |
Duck Creek 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 Duck Stock often depends not only on the future outlook of the current and potential Duck Creek'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. Duck Creek's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 132.2 M | |
| Cash And Short Term Investments | 273.1 M |
Duck Creek Technical Analysis
Duck Creek's future price can be derived by breaking down and analyzing its technical indicators over time. Duck Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Duck Creek Technologies. In general, you should focus on analyzing Duck Stock price patterns and their correlations with different microeconomic environments and drivers.
Duck Creek Predictive Forecast Models
Duck Creek's time-series forecasting models is one of many Duck Creek'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 Duck Creek'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 Duck Creek Technologies
Checking the ongoing alerts about Duck Creek for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Duck Creek Technologies help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Duck Creek is not yet fully synchronised with the market data | |
| Duck Creek has a very high chance of going through financial distress in the upcoming years | |
| The company reported the last year's revenue of 302.92 M. Reported Net Loss for the year was (8.33 M) with profit before taxes, overhead, and interest of 174.62 M. | |
| Over 95.0% of the company shares are held by institutions such as insurance companies |
Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the Duck Creek Technologies information on this page should be used as a complementary analysis to other Duck Creek'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 Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Other Consideration for investing in Duck Stock
If you are still planning to invest in Duck Creek Technologies check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Duck Creek's history and understand the potential risks before investing.
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| CEOs Directory Screen CEOs from public companies around the world | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators |