Now Inc Stock Chance of Future Stock Price Finishing Under 8.27
| DNOW Stock | USD 14.94 0.06 0.40% |
Closest to current price Now long CALL Option Payoff at Expiration
Now |
Now Target Price Odds to finish below 8.27
The tendency of Now 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 $ 8.27 or more in 90 days |
| 14.94 | 90 days | 8.27 | near 1 |
Based on a normal probability distribution, the odds of Now to drop to $ 8.27 or more in 90 days from now is near 1 (This Now Inc probability density function shows the probability of Now Stock to fall within a particular range of prices over 90 days) . Probability of Now Inc price to stay between $ 8.27 and its current price of $14.94 at the end of the 90-day period is about 91.94 .
Given the investment horizon of 90 days the stock has the beta coefficient of 2.08 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Now will likely underperform. Additionally Now Inc has an alpha of 0.1201, implying that it can generate a 0.12 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Now Price Density |
| Price |
Predictive Modules for Now
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Now Inc. 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.Now Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Now is not an exception. The market had few large corrections towards the Now'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 Now Inc, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Now within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.12 | |
β | Beta against Dow Jones | 2.08 | |
σ | Overall volatility | 1.22 | |
Ir | Information ratio | 0.11 |
Now 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 Now for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Now Inc can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Now Inc is unlikely to experience financial distress in the next 2 years | |
| Over 98.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from news.google.com: Is Trending Stock Booking Holdings Inc. a Buy Now - Yahoo Finance |
Now 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 Now Stock often depends not only on the future outlook of the current and potential Now'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. Now's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 108.4 M | |
| Cash And Short Term Investments | 299 M |
Now Technical Analysis
Now's future price can be derived by breaking down and analyzing its technical indicators over time. Now Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Now Inc. In general, you should focus on analyzing Now Stock price patterns and their correlations with different microeconomic environments and drivers.
Now Predictive Forecast Models
Now's time-series forecasting models is one of many Now'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 Now'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 Now Inc
Checking the ongoing alerts about Now for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Now Inc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Now Inc is unlikely to experience financial distress in the next 2 years | |
| Over 98.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from news.google.com: Is Trending Stock Booking Holdings Inc. a Buy Now - Yahoo Finance |
Additional Tools for Now Stock Analysis
When running Now's price analysis, check to measure Now'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 Now is operating at the current time. Most of Now's value examination focuses on studying past and present price action to predict the probability of Now's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Now's price. Additionally, you may evaluate how the addition of Now to your portfolios can decrease your overall portfolio volatility.