Walgreens Boots (Germany) Probability of Future Stock Price Finishing Under 5.42
| W8A Stock | EUR 8.52 0.08 0.95% |
Walgreens |
Walgreens Boots Target Price Odds to finish below 5.42
The tendency of Walgreens 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 € 5.42 or more in 90 days |
| 8.52 | 90 days | 5.42 | near 1 |
Based on a normal probability distribution, the odds of Walgreens Boots to drop to € 5.42 or more in 90 days from now is near 1 (This Walgreens Boots Alliance probability density function shows the probability of Walgreens Stock to fall within a particular range of prices over 90 days) . Probability of Walgreens Boots Alliance price to stay between € 5.42 and its current price of €8.52 at the end of the 90-day period is about 76.73 .
Assuming the 90 days trading horizon Walgreens Boots has a beta of 0.87. This entails Walgreens Boots Alliance market returns are highly-sensitive to returns on the market. As the market goes up or down, Walgreens Boots is expected to follow. Additionally Walgreens Boots Alliance has an alpha of 0.0137, implying that it can generate a 0.0137 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Walgreens Boots Price Density |
| Price |
Predictive Modules for Walgreens Boots
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Walgreens Boots Alliance. 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.Walgreens Boots Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Walgreens Boots is not an exception. The market had few large corrections towards the Walgreens Boots' 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 Walgreens Boots Alliance, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Walgreens Boots within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.01 | |
β | Beta against Dow Jones | 0.87 | |
σ | Overall volatility | 0.52 | |
Ir | Information ratio | -0.0003 |
Walgreens Boots Technical Analysis
Walgreens Boots' future price can be derived by breaking down and analyzing its technical indicators over time. Walgreens Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Walgreens Boots Alliance. In general, you should focus on analyzing Walgreens Stock price patterns and their correlations with different microeconomic environments and drivers.
Walgreens Boots Predictive Forecast Models
Walgreens Boots' time-series forecasting models is one of many Walgreens Boots' 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 Walgreens Boots' 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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Walgreens Boots in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Walgreens Boots' short interest history, or implied volatility extrapolated from Walgreens Boots options trading.
Additional Information and Resources on Investing in Walgreens Stock
When determining whether Walgreens Boots Alliance offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Walgreens Boots' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Walgreens Boots Alliance Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Walgreens Boots Alliance Stock:Check out Walgreens Boots Backtesting, Walgreens Boots Valuation, Walgreens Boots Correlation, Walgreens Boots Hype Analysis, Walgreens Boots Volatility, Walgreens Boots History as well as Walgreens Boots Performance. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.