As with many events in life, risk in the financial markets is a gradation. In most cases, profitability isn’t a binary concept. Instead, there are different degrees of profitability (or lack thereof). As such, a model or system shouldn’t just strive for forecasting a stock price but rather aim for deciphering the range of likely outcomes.Even better, the quantitative methodology — which relies on the empirical pricing data of the target security to calculate probabilistic (distributional) expectations — sug ...