Doubledown Interactive Co Stock Probability of Future Stock Price Finishing Under 2.80
| DDI Stock | USD 11.31 0.48 4.07% |
Doubledown |
Doubledown Interactive Target Price Odds to finish below 2.80
The tendency of Doubledown 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 drop to $ 2.80 or more in 90 days |
| 11.31 | 90 days | 2.80 | near 1 |
Based on a normal probability distribution, the odds of Doubledown Interactive to drop to $ 2.80 or more in 90 days from now is near 1 (This Doubledown Interactive Co probability density function shows the probability of Doubledown Stock to fall within a particular range of prices over 90 days) . Probability of Doubledown Interactive price to stay between $ 2.80 and its current price of $11.31 at the end of the 90-day period is near 1 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.12 suggesting Doubledown Interactive Co market returns are responsive to returns on the market. As the market goes up or down, Doubledown Interactive is expected to follow. Additionally Doubledown Interactive Co has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Doubledown Interactive Price Density |
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Predictive Modules for Doubledown Interactive
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Doubledown Interactive. 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 Doubledown Interactive'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.
Doubledown Interactive Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Doubledown Interactive is not an exception. The market had few large corrections towards the Doubledown Interactive'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 Doubledown Interactive Co, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Doubledown Interactive within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.4 | |
β | Beta against Dow Jones | 1.12 | |
σ | Overall volatility | 1.06 | |
Ir | Information ratio | -0.11 |
Doubledown Interactive 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 Doubledown Interactive for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Doubledown Interactive can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Doubledown Interactive generated a negative expected return over the last 90 days | |
| Doubledown Interactive has high historical volatility and very poor performance | |
| Latest headline from thelincolnianonline.com: DoubleDown Interactive Shares Gap Down Heres Why |
Doubledown Interactive 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 Doubledown Stock often depends not only on the future outlook of the current and potential Doubledown Interactive'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. Doubledown Interactive's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 49.6 M | |
| Cash And Short Term Investments | 275 M |
Doubledown Interactive Technical Analysis
Doubledown Interactive's future price can be derived by breaking down and analyzing its technical indicators over time. Doubledown Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Doubledown Interactive Co. In general, you should focus on analyzing Doubledown Stock price patterns and their correlations with different microeconomic environments and drivers.
Doubledown Interactive Predictive Forecast Models
Doubledown Interactive's time-series forecasting models is one of many Doubledown Interactive'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 Doubledown Interactive'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 Doubledown Interactive
Checking the ongoing alerts about Doubledown Interactive for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Doubledown Interactive help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Doubledown Interactive generated a negative expected return over the last 90 days | |
| Doubledown Interactive has high historical volatility and very poor performance | |
| Latest headline from thelincolnianonline.com: DoubleDown Interactive Shares Gap Down Heres Why |
Check out Doubledown Interactive Backtesting, Doubledown Interactive Valuation, Doubledown Interactive Correlation, Doubledown Interactive Hype Analysis, Doubledown Interactive Volatility, Doubledown Interactive History as well as Doubledown Interactive Performance. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Is Movies & Entertainment space 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 Doubledown Interactive. If investors know Doubledown 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 Doubledown Interactive listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.07) | Earnings Share 2.31 | Revenue Per Share 6.911 | Quarterly Revenue Growth 0.137 | Return On Assets 0.1052 |
The market value of Doubledown Interactive is measured differently than its book value, which is the value of Doubledown that is recorded on the company's balance sheet. Investors also form their own opinion of Doubledown Interactive's value that differs from its market value or its book value, called intrinsic value, which is Doubledown Interactive'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 Doubledown Interactive's market value can be influenced by many factors that don't directly affect Doubledown Interactive'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 Doubledown Interactive's value and its price as these two are different measures arrived at by different means. Investors typically determine if Doubledown Interactive is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Doubledown Interactive'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.