Dish Network stock (NASDAQ: DISH) dropped 14% in the last one month to $28 currently. The decline was in line with the sell-off in the technology and cable industry over recent weeks. But will the company’s stock continue its downward trajectory over the coming weeks, or is a recovery in the stock imminent?
According to the Trefis Machine Learning Engine, which identifies trends in the company’s stock price data for the last 20 years, returns for Dish Network stock average 1.5% in the next one-month (21 trading days) period after experiencing a 14% drop over the previous month (21 trading days). Notably, though, the stock is very likely to outperform the S&P500 over the next month (21 trading days), with an expected excess return of 0.6% compared to the S&P500.
But how would these numbers change if you are interested in holding Dish Network stock for a shorter or a longer time period? You can test the answer and many other combinations on the Trefis Machine Learning Engine to test Dish Network stock chances of a rise after a fall. You can test the chance of recovery over different time intervals of a quarter, month, or even just 1 day!
MACHINE LEARNING ENGINE – try it yourself:
IF DISH stock moved by -5% over 5 trading days, THEN over the next 21 trading days, DISH stock moves an average of 1.3 percent, which implies an excess return of 1 percent compared to the S&P500.
More importantly, there is 55.5% probability of a positive return over the next 21 trading days and 53.4% probability