Alternus Energy (Norway) Probability of Future Stock Price Finishing Under 0.68
| ALT Stock | 0.38 0.02 5.00% |
Alternus |
Alternus Energy Target Price Odds to finish below 0.68
The tendency of Alternus 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 stay under 0.68 after 90 days |
| 0.38 | 90 days | 0.68 | about 17.79 |
Based on a normal probability distribution, the odds of Alternus Energy to stay under 0.68 after 90 days from now is about 17.79 (This Alternus Energy Group probability density function shows the probability of Alternus Stock to fall within a particular range of prices over 90 days) . Probability of Alternus Energy Group price to stay between its current price of 0.38 and 0.68 at the end of the 90-day period is about 11.28 .
Assuming the 90 days trading horizon Alternus Energy Group has a beta of -3.5. This suggests as returns on its benchmark rise, returns on holding Alternus Energy Group are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Alternus Energy is expected to outperform its benchmark. Additionally Alternus Energy Group 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. Alternus Energy Price Density |
| Price |
Predictive Modules for Alternus Energy
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Alternus Energy Group. 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.Alternus Energy Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Alternus Energy is not an exception. The market had few large corrections towards the Alternus Energy'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 Alternus Energy Group, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Alternus Energy within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.93 | |
β | Beta against Dow Jones | -3.5 | |
σ | Overall volatility | 0.51 | |
Ir | Information ratio | -0.11 |
Alternus Energy 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 Alternus Energy for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Alternus Energy Group can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Alternus Energy generated a negative expected return over the last 90 days | |
| Alternus Energy has high historical volatility and very poor performance | |
| Alternus Energy has some characteristics of a very speculative penny stock | |
| Alternus Energy has high likelihood to experience some financial distress in the next 2 years | |
| Alternus Energy generates negative cash flow from operations |
Alternus Energy 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 Alternus Stock often depends not only on the future outlook of the current and potential Alternus Energy'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. Alternus Energy's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 26.2 M |
Alternus Energy Technical Analysis
Alternus Energy's future price can be derived by breaking down and analyzing its technical indicators over time. Alternus Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Alternus Energy Group. In general, you should focus on analyzing Alternus Stock price patterns and their correlations with different microeconomic environments and drivers.
Alternus Energy Predictive Forecast Models
Alternus Energy's time-series forecasting models is one of many Alternus Energy'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 Alternus Energy'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 Alternus Energy Group
Checking the ongoing alerts about Alternus Energy for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Alternus Energy Group help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Alternus Energy generated a negative expected return over the last 90 days | |
| Alternus Energy has high historical volatility and very poor performance | |
| Alternus Energy has some characteristics of a very speculative penny stock | |
| Alternus Energy has high likelihood to experience some financial distress in the next 2 years | |
| Alternus Energy generates negative cash flow from operations |
Additional Information and Resources on Investing in Alternus Stock
When determining whether Alternus Energy Group is a strong investment it is important to analyze Alternus Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Alternus Energy's future performance. For an informed investment choice regarding Alternus Stock, refer to the following important reports:Check out Alternus Energy Backtesting, Alternus Energy Valuation, Alternus Energy Correlation, Alternus Energy Hype Analysis, Alternus Energy Volatility, Alternus Energy History as well as Alternus Energy Performance. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.