Axon Enterprise (UK) Probability of Future Stock Price Finishing Under 698.11
| 0HKE Stock | 647.52 14.79 2.34% |
Axon |
Axon Enterprise Target Price Odds to finish below 698.11
The tendency of Axon 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 stay under 698.11 after 90 days |
| 647.52 | 90 days | 698.11 | close to 99 |
Based on a normal probability distribution, the odds of Axon Enterprise to stay under 698.11 after 90 days from now is close to 99 (This Axon Enterprise probability density function shows the probability of Axon Stock to fall within a particular range of prices over 90 days) . Probability of Axon Enterprise price to stay between its current price of 647.52 and 698.11 at the end of the 90-day period is about 1.15 .
Assuming the 90 days trading horizon the stock has the beta coefficient of 1.42 . This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Axon Enterprise will likely underperform. Additionally Axon Enterprise has an alpha of 0.7294, implying that it can generate a 0.73 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Axon Enterprise Price Density |
| Price |
Predictive Modules for Axon Enterprise
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Axon Enterprise. 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.Axon Enterprise Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Axon Enterprise is not an exception. The market had few large corrections towards the Axon Enterprise'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 Axon Enterprise, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Axon Enterprise within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.73 | |
β | Beta against Dow Jones | 1.42 | |
σ | Overall volatility | 89.99 | |
Ir | Information ratio | 0.20 |
Axon Enterprise 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 Axon Enterprise for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Axon Enterprise can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Axon Enterprise appears to be risky and price may revert if volatility continues | |
| Axon Enterprise is unlikely to experience financial distress in the next 2 years | |
| Over 81.0% of the company shares are owned by institutions such as pension funds | |
| Latest headline from news.google.com: Natixis Advisors LLC Buys 1,552 Shares of Axon Enterprise, Inc. - MarketBeat |
Axon Enterprise 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 Axon Stock often depends not only on the future outlook of the current and potential Axon Enterprise'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. Axon Enterprise's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 75.5 M | |
| Cash And Short Term Investments | 1.3 B |
Axon Enterprise Technical Analysis
Axon Enterprise's future price can be derived by breaking down and analyzing its technical indicators over time. Axon Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Axon Enterprise. In general, you should focus on analyzing Axon Stock price patterns and their correlations with different microeconomic environments and drivers.
Axon Enterprise Predictive Forecast Models
Axon Enterprise's time-series forecasting models is one of many Axon Enterprise'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 Axon Enterprise'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 Axon Enterprise
Checking the ongoing alerts about Axon Enterprise for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Axon Enterprise help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Axon Enterprise appears to be risky and price may revert if volatility continues | |
| Axon Enterprise is unlikely to experience financial distress in the next 2 years | |
| Over 81.0% of the company shares are owned by institutions such as pension funds | |
| Latest headline from news.google.com: Natixis Advisors LLC Buys 1,552 Shares of Axon Enterprise, Inc. - MarketBeat |
Additional Tools for Axon Stock Analysis
When running Axon Enterprise's price analysis, check to measure Axon Enterprise'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 Axon Enterprise is operating at the current time. Most of Axon Enterprise's value examination focuses on studying past and present price action to predict the probability of Axon Enterprise's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Axon Enterprise's price. Additionally, you may evaluate how the addition of Axon Enterprise to your portfolios can decrease your overall portfolio volatility.