Novacyt (France) Odds of Future Stock Price Finishing Over 0.82
| ALNOV Stock | EUR 0.82 0.02 2.50% |
Novacyt |
Novacyt Target Price Odds to finish over 0.82
The tendency of Novacyt 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 |
| 0.82 | 90 days | 0.82 | near 1 |
Based on a normal probability distribution, the odds of Novacyt to move above the current price in 90 days from now is near 1 (This Novacyt probability density function shows the probability of Novacyt Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Novacyt has a beta of -0.46. This suggests as returns on the benchmark increase, returns on holding Novacyt are expected to decrease at a much lower rate. During a bear market, however, Novacyt is likely to outperform the market. Additionally Novacyt has an alpha of 0.6788, implying that it can generate a 0.68 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Novacyt Price Density |
| Price |
Predictive Modules for Novacyt
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Novacyt. 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 Novacyt'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.
Novacyt Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Novacyt is not an exception. The market had few large corrections towards the Novacyt'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 Novacyt, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Novacyt within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.68 | |
β | Beta against NYSE Composite | -0.46 | |
σ | Overall volatility | 0.09 | |
Ir | Information ratio | 0.14 |
Novacyt 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 Novacyt for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Novacyt can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Novacyt has some characteristics of a very speculative penny stock | |
| Novacyt appears to be risky and price may revert if volatility continues | |
| The company reported the revenue of 95.78 M. Net Loss for the year was (9.73 M) with profit before overhead, payroll, taxes, and interest of 64.87 M. |
Novacyt 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 Novacyt Stock often depends not only on the future outlook of the current and potential Novacyt'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. Novacyt's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 79.9 M | |
| Cash And Short Term Investments | 101.8 M |
Novacyt Technical Analysis
Novacyt's future price can be derived by breaking down and analyzing its technical indicators over time. Novacyt Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Novacyt. In general, you should focus on analyzing Novacyt Stock price patterns and their correlations with different microeconomic environments and drivers.
Novacyt Predictive Forecast Models
Novacyt's time-series forecasting models is one of many Novacyt'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 Novacyt'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 Novacyt
Checking the ongoing alerts about Novacyt for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Novacyt help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Novacyt has some characteristics of a very speculative penny stock | |
| Novacyt appears to be risky and price may revert if volatility continues | |
| The company reported the revenue of 95.78 M. Net Loss for the year was (9.73 M) with profit before overhead, payroll, taxes, and interest of 64.87 M. |
Check out Novacyt Backtesting, Novacyt Valuation, Novacyt Correlation, Novacyt Hype Analysis, Novacyt Volatility, Novacyt History as well as Novacyt Performance. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Complementary Tools for Novacyt Stock analysis
When running Novacyt's price analysis, check to measure Novacyt'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 Novacyt is operating at the current time. Most of Novacyt's value examination focuses on studying past and present price action to predict the probability of Novacyt's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Novacyt's price. Additionally, you may evaluate how the addition of Novacyt to your portfolios can decrease your overall portfolio volatility.
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