24SevenOffice Scandinavia (Sweden) Probability of Future Stock Price Finishing Under 23.4
| 247 Stock | 23.40 0.10 0.43% |
24SevenOffice |
24SevenOffice Scandinavia Target Price Odds to finish below 23.4
The tendency of 24SevenOffice 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 below current price in 90 days |
| 23.40 | 90 days | 23.40 | about 75.46 |
Based on a normal probability distribution, the odds of 24SevenOffice Scandinavia to move below current price in 90 days from now is about 75.46 (This 24SevenOffice Scandinavia AB probability density function shows the probability of 24SevenOffice Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon 24SevenOffice Scandinavia AB has a beta of -0.77. This suggests as returns on the benchmark increase, returns on holding 24SevenOffice Scandinavia are expected to decrease at a much lower rate. During a bear market, however, 24SevenOffice Scandinavia AB is likely to outperform the market. Additionally 24SevenOffice Scandinavia AB has an alpha of 0.3233, implying that it can generate a 0.32 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). 24SevenOffice Scandinavia Price Density |
| Price |
Predictive Modules for 24SevenOffice Scandinavia
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as 24SevenOffice Scandinavia. 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.24SevenOffice Scandinavia Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. 24SevenOffice Scandinavia is not an exception. The market had few large corrections towards the 24SevenOffice Scandinavia'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 24SevenOffice Scandinavia AB, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of 24SevenOffice Scandinavia within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.32 | |
β | Beta against Dow Jones | -0.77 | |
σ | Overall volatility | 2.18 | |
Ir | Information ratio | 0.02 |
24SevenOffice Scandinavia 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 24SevenOffice Scandinavia for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for 24SevenOffice Scandinavia can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| 24SevenOffice Scandinavia had very high historical volatility over the last 90 days |
24SevenOffice Scandinavia Technical Analysis
24SevenOffice Scandinavia's future price can be derived by breaking down and analyzing its technical indicators over time. 24SevenOffice Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of 24SevenOffice Scandinavia AB. In general, you should focus on analyzing 24SevenOffice Stock price patterns and their correlations with different microeconomic environments and drivers.
24SevenOffice Scandinavia Predictive Forecast Models
24SevenOffice Scandinavia's time-series forecasting models is one of many 24SevenOffice Scandinavia'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 24SevenOffice Scandinavia'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 24SevenOffice Scandinavia
Checking the ongoing alerts about 24SevenOffice Scandinavia for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for 24SevenOffice Scandinavia help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| 24SevenOffice Scandinavia had very high historical volatility over the last 90 days |
Additional Tools for 24SevenOffice Stock Analysis
When running 24SevenOffice Scandinavia's price analysis, check to measure 24SevenOffice Scandinavia'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 24SevenOffice Scandinavia is operating at the current time. Most of 24SevenOffice Scandinavia's value examination focuses on studying past and present price action to predict the probability of 24SevenOffice Scandinavia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 24SevenOffice Scandinavia's price. Additionally, you may evaluate how the addition of 24SevenOffice Scandinavia to your portfolios can decrease your overall portfolio volatility.