Airthings ASA (Norway) Probability of Future Stock Price Finishing Over 6.14
| AIRX Stock | NOK 2.55 0.02 0.78% |
Airthings |
Airthings ASA Target Price Odds to finish over 6.14
The tendency of Airthings 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 over 6.14 or more in 90 days |
| 2.55 | 90 days | 6.14 | close to zero percent |
Based on a normal probability distribution, the odds of Airthings ASA to move over 6.14 or more in 90 days from now is close to zero percent (This Airthings ASA probability density function shows the probability of Airthings Stock to fall within a particular range of prices over 90 days) . Probability of Airthings ASA price to stay between its current price of 2.55 and 6.14 at the end of the 90-day period is about 44.32 .
Assuming the 90 days trading horizon Airthings ASA has a beta of -0.0519. This suggests as returns on the benchmark increase, returns on holding Airthings ASA are expected to decrease at a much lower rate. During a bear market, however, Airthings ASA is likely to outperform the market. Additionally Airthings ASA has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Airthings ASA Price Density |
| Price |
Predictive Modules for Airthings ASA
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Airthings 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.Airthings ASA Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Airthings ASA is not an exception. The market had few large corrections towards the Airthings ASA'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 Airthings ASA, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Airthings ASA within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.05 | |
β | Beta against Dow Jones | -0.05 | |
σ | Overall volatility | 0.14 | |
Ir | Information ratio | -0.05 |
Airthings ASA 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 Airthings ASA for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Airthings 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.| Airthings ASA generated a negative expected return over the last 90 days | |
| Airthings ASA has high historical volatility and very poor performance | |
| The company reported the revenue of 33.67 M. Net Loss for the year was (7.26 M) with profit before overhead, payroll, taxes, and interest of 20.63 M. | |
| Airthings ASA has accumulated about 462.2 M in cash with (15.88 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.63, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 51.0% of the company shares are held by company insiders |
Airthings ASA 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 Airthings Stock often depends not only on the future outlook of the current and potential Airthings ASA'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. Airthings ASA's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 178.4 M | |
| Cash And Short Term Investments | 40.8 M |
Airthings ASA Technical Analysis
Airthings ASA's future price can be derived by breaking down and analyzing its technical indicators over time. Airthings Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Airthings ASA. In general, you should focus on analyzing Airthings Stock price patterns and their correlations with different microeconomic environments and drivers.
Airthings ASA Predictive Forecast Models
Airthings ASA's time-series forecasting models is one of many Airthings ASA'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 Airthings ASA'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 Airthings ASA
Checking the ongoing alerts about Airthings ASA for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Airthings ASA help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Airthings ASA generated a negative expected return over the last 90 days | |
| Airthings ASA has high historical volatility and very poor performance | |
| The company reported the revenue of 33.67 M. Net Loss for the year was (7.26 M) with profit before overhead, payroll, taxes, and interest of 20.63 M. | |
| Airthings ASA has accumulated about 462.2 M in cash with (15.88 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.63, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 51.0% of the company shares are held by company insiders |
Other Information on Investing in Airthings Stock
Airthings ASA financial ratios help investors to determine whether Airthings 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 Airthings with respect to the benefits of owning Airthings ASA security.