AF Gruppen (Norway) Probability of Future Stock Price Finishing Under 135.47
| AFG Stock | NOK 149.00 0.80 0.54% |
AFG |
AF Gruppen Target Price Odds to finish below 135.47
The tendency of AFG 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 135.47 or more in 90 days |
| 149.00 | 90 days | 135.47 | about 75.98 |
Based on a normal probability distribution, the odds of AF Gruppen to drop to 135.47 or more in 90 days from now is about 75.98 (This AF Gruppen ASA probability density function shows the probability of AFG Stock to fall within a particular range of prices over 90 days) . Probability of AF Gruppen ASA price to stay between 135.47 and its current price of 149.0 at the end of the 90-day period is about 23.19 .
Assuming the 90 days trading horizon AF Gruppen has a beta of 0.37. This suggests as returns on the market go up, AF Gruppen average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding AF Gruppen ASA will be expected to be much smaller as well. Additionally AF Gruppen ASA has an alpha of 0.2965, implying that it can generate a 0.3 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). AF Gruppen Price Density |
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Predictive Modules for AF Gruppen
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as AF Gruppen ASA. 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.AF Gruppen Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. AF Gruppen is not an exception. The market had few large corrections towards the AF Gruppen'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 AF Gruppen ASA, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of AF Gruppen within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.30 | |
β | Beta against Dow Jones | 0.37 | |
σ | Overall volatility | 7.65 | |
Ir | Information ratio | 0.21 |
AF Gruppen 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 AF Gruppen for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for AF Gruppen ASA can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| AF Gruppen ASA has accumulated 90 M in total debt with debt to equity ratio (D/E) of 43.6, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. AF Gruppen ASA has a current ratio of 0.69, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist AF Gruppen until it has trouble settling it off, either with new capital or with free cash flow. So, AF Gruppen's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like AF Gruppen ASA sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for AFG to invest in growth at high rates of return. When we think about AF Gruppen's use of debt, we should always consider it together with cash and equity. | |
| About 62.0% of AF Gruppen shares are held by company insiders |
AF Gruppen Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of AFG Stock often depends not only on the future outlook of the current and potential AF Gruppen's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. AF Gruppen's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 106.5 M | |
| Cash And Short Term Investments | 634 M |
AF Gruppen Technical Analysis
AF Gruppen's future price can be derived by breaking down and analyzing its technical indicators over time. AFG Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of AF Gruppen ASA. In general, you should focus on analyzing AFG Stock price patterns and their correlations with different microeconomic environments and drivers.
AF Gruppen Predictive Forecast Models
AF Gruppen's time-series forecasting models is one of many AF Gruppen'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 AF Gruppen'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 AF Gruppen ASA
Checking the ongoing alerts about AF Gruppen for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for AF Gruppen ASA help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| AF Gruppen ASA has accumulated 90 M in total debt with debt to equity ratio (D/E) of 43.6, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. AF Gruppen ASA has a current ratio of 0.69, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist AF Gruppen until it has trouble settling it off, either with new capital or with free cash flow. So, AF Gruppen's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like AF Gruppen ASA sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for AFG to invest in growth at high rates of return. When we think about AF Gruppen's use of debt, we should always consider it together with cash and equity. | |
| About 62.0% of AF Gruppen shares are held by company insiders |
Other Information on Investing in AFG Stock
AF Gruppen financial ratios help investors to determine whether AFG Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in AFG with respect to the benefits of owning AF Gruppen security.