Dug Technology (Australia) Probability of Future Stock Price Finishing Under 2.21
| DUG Stock | 1.29 0.01 0.77% |
Dug |
Dug Technology Target Price Odds to finish below 2.21
The tendency of Dug 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 2.21 after 90 days |
| 1.29 | 90 days | 2.21 | about 86.12 |
Based on a normal probability distribution, the odds of Dug Technology to stay under 2.21 after 90 days from now is about 86.12 (This Dug Technology probability density function shows the probability of Dug Stock to fall within a particular range of prices over 90 days) . Probability of Dug Technology price to stay between its current price of 1.29 and 2.21 at the end of the 90-day period is about 80.88 .
Assuming the 90 days trading horizon Dug Technology has a beta of -0.2 suggesting as returns on the benchmark increase, returns on holding Dug Technology are expected to decrease at a much lower rate. During a bear market, however, Dug Technology is likely to outperform the market. Additionally Dug Technology 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. Dug Technology Price Density |
| Price |
Predictive Modules for Dug Technology
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Dug Technology. 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.Dug Technology Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Dug Technology is not an exception. The market had few large corrections towards the Dug Technology'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 Dug Technology, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Dug Technology within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.87 | |
β | Beta against Dow Jones | -0.2 | |
σ | Overall volatility | 0.34 | |
Ir | Information ratio | -0.28 |
Dug Technology 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 Dug Technology for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Dug Technology can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Dug Technology generated a negative expected return over the last 90 days | |
| Dug Technology may become a speculative penny stock | |
| Dug Technology has high historical volatility and very poor performance | |
| About 22.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: DUG Technology Updates on Directors Share Transactions - TipRanks |
Dug Technology 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 Dug Stock often depends not only on the future outlook of the current and potential Dug Technology'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. Dug Technology's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 121.9 M | |
| Cash And Short Term Investments | 9.4 M |
Dug Technology Technical Analysis
Dug Technology's future price can be derived by breaking down and analyzing its technical indicators over time. Dug Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Dug Technology. In general, you should focus on analyzing Dug Stock price patterns and their correlations with different microeconomic environments and drivers.
Dug Technology Predictive Forecast Models
Dug Technology's time-series forecasting models is one of many Dug Technology'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 Dug Technology'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 Dug Technology
Checking the ongoing alerts about Dug Technology for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Dug Technology help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Dug Technology generated a negative expected return over the last 90 days | |
| Dug Technology may become a speculative penny stock | |
| Dug Technology has high historical volatility and very poor performance | |
| About 22.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: DUG Technology Updates on Directors Share Transactions - TipRanks |
Additional Tools for Dug Stock Analysis
When running Dug Technology's price analysis, check to measure Dug Technology'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 Dug Technology is operating at the current time. Most of Dug Technology's value examination focuses on studying past and present price action to predict the probability of Dug Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dug Technology's price. Additionally, you may evaluate how the addition of Dug Technology to your portfolios can decrease your overall portfolio volatility.