Avidxchange Holdings Stock Probability of Future Stock Price Finishing Under 10.74
| AVDX Stock | USD 10.46 0.11 1.06% |
AvidXchange |
AvidXchange Holdings Target Price Odds to finish below 10.74
The tendency of AvidXchange 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 $ 10.74 after 90 days |
| 10.46 | 90 days | 10.74 | about 79.05 |
Based on a normal probability distribution, the odds of AvidXchange Holdings to stay under $ 10.74 after 90 days from now is about 79.05 (This AvidXchange Holdings probability density function shows the probability of AvidXchange Stock to fall within a particular range of prices over 90 days) . Probability of AvidXchange Holdings price to stay between its current price of $ 10.46 and $ 10.74 at the end of the 90-day period is about 6.05 .
Given the investment horizon of 90 days the stock has the beta coefficient of 2.22 . 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, AvidXchange Holdings will likely underperform. Additionally AvidXchange Holdings has an alpha of 0.3023, implying that it can generate a 0.3 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). AvidXchange Holdings Price Density |
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Predictive Modules for AvidXchange Holdings
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as AvidXchange 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 AvidXchange Holdings' 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.
AvidXchange Holdings Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. AvidXchange Holdings is not an exception. The market had few large corrections towards the AvidXchange Holdings' 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 AvidXchange Holdings, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of AvidXchange Holdings within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.30 | |
β | Beta against Dow Jones | 2.22 | |
σ | Overall volatility | 1.43 | |
Ir | Information ratio | 0.14 |
AvidXchange Holdings 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 AvidXchange Holdings for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for AvidXchange 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.| The company reported the previous year's revenue of 380.72 M. Net Loss for the year was (47.33 M) with profit before overhead, payroll, taxes, and interest of 198.49 M. | |
| AvidXchange Holdings has a poor financial position based on the latest SEC disclosures | |
| Over 80.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from finance.yahoo.com: Institutional owners may take dramatic actions as AvidXchange Holdings, Inc.s recent 5.6 percent drop adds to one-year losses |
AvidXchange Holdings 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 AvidXchange Stock often depends not only on the future outlook of the current and potential AvidXchange Holdings' 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. AvidXchange Holdings' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 201.9 M | |
| Cash And Short Term Investments | 451.6 M |
AvidXchange Holdings Technical Analysis
AvidXchange Holdings' future price can be derived by breaking down and analyzing its technical indicators over time. AvidXchange Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of AvidXchange Holdings. In general, you should focus on analyzing AvidXchange Stock price patterns and their correlations with different microeconomic environments and drivers.
AvidXchange Holdings Predictive Forecast Models
AvidXchange Holdings' time-series forecasting models is one of many AvidXchange Holdings' 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 AvidXchange Holdings' 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 AvidXchange Holdings
Checking the ongoing alerts about AvidXchange Holdings for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for AvidXchange Holdings help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| The company reported the previous year's revenue of 380.72 M. Net Loss for the year was (47.33 M) with profit before overhead, payroll, taxes, and interest of 198.49 M. | |
| AvidXchange Holdings has a poor financial position based on the latest SEC disclosures | |
| Over 80.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from finance.yahoo.com: Institutional owners may take dramatic actions as AvidXchange Holdings, Inc.s recent 5.6 percent drop adds to one-year losses |
Additional Tools for AvidXchange Stock Analysis
When running AvidXchange Holdings' price analysis, check to measure AvidXchange Holdings' 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 AvidXchange Holdings is operating at the current time. Most of AvidXchange Holdings' value examination focuses on studying past and present price action to predict the probability of AvidXchange Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AvidXchange Holdings' price. Additionally, you may evaluate how the addition of AvidXchange Holdings to your portfolios can decrease your overall portfolio volatility.