Kore Group Holdings Stock Probability of Future Stock Price Finishing Over 0.803
| KORE Stock | USD 0.80 0.01 1.65% |
KORE |
KORE Group Target Price Odds to finish over 0.803
The tendency of KORE 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 above the current price in 90 days |
| 0.80 | 90 days | 0.80 | about 63.46 |
Based on a normal probability distribution, the odds of KORE Group to move above the current price in 90 days from now is about 63.46 (This KORE Group Holdings probability density function shows the probability of KORE Stock to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days KORE Group has a beta of 0.98. This indicates KORE Group Holdings market returns are highly-sensitive to returns on the market. As the market goes up or down, KORE Group is expected to follow. Additionally KORE Group Holdings has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. KORE Group Price Density |
| Price |
Predictive Modules for KORE Group
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as KORE Group Holdings. 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 KORE Group'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.
KORE Group Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. KORE Group is not an exception. The market had few large corrections towards the KORE Group'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 KORE Group Holdings, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of KORE Group within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.22 | |
β | Beta against NYSE Composite | 0.98 | |
σ | Overall volatility | 0.09 | |
Ir | Information ratio | -0.03 |
KORE Group 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 KORE Group for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for KORE Group Holdings can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| KORE Group Holdings generated a negative expected return over the last 90 days | |
| KORE Group Holdings has high historical volatility and very poor performance | |
| KORE Group Holdings has some characteristics of a very speculative penny stock | |
| KORE Group Holdings has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 276.61 M. Net Loss for the year was (167.04 M) with profit before overhead, payroll, taxes, and interest of 139.29 M. | |
| KORE Group Holdings currently holds about 40.44 M in cash with (6.42 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.53. | |
| Roughly 22.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from investorplace.com: KORE Stock Earnings Kore Group Holdings Misses EPS, Misses Revenue for Q4 2023 |
KORE Group 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 KORE Stock often depends not only on the future outlook of the current and potential KORE Group'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. KORE Group's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 83.8 M | |
| Cash And Short Term Investments | 27.1 M |
KORE Group Technical Analysis
KORE Group's future price can be derived by breaking down and analyzing its technical indicators over time. KORE Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of KORE Group Holdings. In general, you should focus on analyzing KORE Stock price patterns and their correlations with different microeconomic environments and drivers.
KORE Group Predictive Forecast Models
KORE Group's time-series forecasting models is one of many KORE Group'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 KORE Group'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 KORE Group Holdings
Checking the ongoing alerts about KORE Group for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for KORE Group Holdings help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| KORE Group Holdings generated a negative expected return over the last 90 days | |
| KORE Group Holdings has high historical volatility and very poor performance | |
| KORE Group Holdings has some characteristics of a very speculative penny stock | |
| KORE Group Holdings has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 276.61 M. Net Loss for the year was (167.04 M) with profit before overhead, payroll, taxes, and interest of 139.29 M. | |
| KORE Group Holdings currently holds about 40.44 M in cash with (6.42 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.53. | |
| Roughly 22.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from investorplace.com: KORE Stock Earnings Kore Group Holdings Misses EPS, Misses Revenue for Q4 2023 |
Check out KORE Group Backtesting, KORE Group Valuation, KORE Group Correlation, KORE Group Hype Analysis, KORE Group Volatility, KORE Group History as well as KORE Group Performance. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
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When running KORE Group's price analysis, check to measure KORE Group'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 KORE Group is operating at the current time. Most of KORE Group's value examination focuses on studying past and present price action to predict the probability of KORE Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move KORE Group's price. Additionally, you may evaluate how the addition of KORE Group to your portfolios can decrease your overall portfolio volatility.
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Is KORE Group's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of KORE Group. If investors know KORE will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about KORE Group listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.99) | Revenue Per Share 3.301 | Quarterly Revenue Growth 0.161 | Return On Assets (0.04) | Return On Equity (1.53) |
The market value of KORE Group Holdings is measured differently than its book value, which is the value of KORE that is recorded on the company's balance sheet. Investors also form their own opinion of KORE Group's value that differs from its market value or its book value, called intrinsic value, which is KORE Group's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because KORE Group's market value can be influenced by many factors that don't directly affect KORE Group's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between KORE Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if KORE Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, KORE Group's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.