Andretti Acquisition Corp Stock Probability of Future Stock Price Finishing Over 69.13
| POLEW Stock | 0.14 0.02 12.50% |
Andretti |
Andretti Acquisition Target Price Odds to finish over 69.13
The tendency of Andretti 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 move over 69.13 or more in 90 days |
| 0.14 | 90 days | 69.13 | close to zero percent |
Based on a normal probability distribution, the odds of Andretti Acquisition to move over 69.13 or more in 90 days from now is close to zero percent (This Andretti Acquisition Corp probability density function shows the probability of Andretti Stock to fall within a particular range of prices over 90 days) . Probability of Andretti Acquisition Corp price to stay between its current price of 0.14 and 69.13 at the end of the 90-day period is about 14.19 .
Assuming the 90 days horizon Andretti Acquisition Corp has a beta of -0.14 indicating as returns on the benchmark increase, returns on holding Andretti Acquisition are expected to decrease at a much lower rate. During a bear market, however, Andretti Acquisition Corp is likely to outperform the market. In addition to that Andretti Acquisition Corp has an alpha of 3.2397, implying that it can generate a 3.24 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Andretti Acquisition Price Density |
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Predictive Modules for Andretti Acquisition
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Andretti Acquisition Corp. 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 Andretti Acquisition'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.
Andretti Acquisition Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Andretti Acquisition is not an exception. The market had few large corrections towards the Andretti Acquisition'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 Andretti Acquisition Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Andretti Acquisition within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 3.24 | |
β | Beta against Dow Jones | -0.14 | |
σ | Overall volatility | 0.03 | |
Ir | Information ratio | 0.14 |
Andretti Acquisition 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 Andretti Acquisition for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Andretti Acquisition Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Andretti Acquisition is way too risky over 90 days horizon | |
| Andretti Acquisition has some characteristics of a very speculative penny stock | |
| Andretti Acquisition appears to be risky and price may revert if volatility continues |
Andretti Acquisition Technical Analysis
Andretti Acquisition's future price can be derived by breaking down and analyzing its technical indicators over time. Andretti Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Andretti Acquisition Corp. In general, you should focus on analyzing Andretti Stock price patterns and their correlations with different microeconomic environments and drivers.
Andretti Acquisition Predictive Forecast Models
Andretti Acquisition's time-series forecasting models is one of many Andretti Acquisition'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 Andretti Acquisition'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 Andretti Acquisition Corp
Checking the ongoing alerts about Andretti Acquisition for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Andretti Acquisition Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Andretti Acquisition is way too risky over 90 days horizon | |
| Andretti Acquisition has some characteristics of a very speculative penny stock | |
| Andretti Acquisition appears to be risky and price may revert if volatility continues |
Additional Tools for Andretti Stock Analysis
When running Andretti Acquisition's price analysis, check to measure Andretti Acquisition'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 Andretti Acquisition is operating at the current time. Most of Andretti Acquisition's value examination focuses on studying past and present price action to predict the probability of Andretti Acquisition's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Andretti Acquisition's price. Additionally, you may evaluate how the addition of Andretti Acquisition to your portfolios can decrease your overall portfolio volatility.