Scenarios and expected value
A single price target hides the range. Bull, base, and bear cases with probabilities give an expected value, a clear downside, and the shape of the bet.
This lesson is Pro
All 7 lessons in The long-only research process and pitch, with checks as you read, two quizzes, and flashcards.
The first lesson of every track stays free.
7 days of Pro. No card, nothing to cancel.