Attendo AB (Sweden) Probability of Future Stock Price Finishing Over 48.85
| ATT Stock | SEK 48.85 0.40 0.83% |
Attendo |
Attendo AB Target Price Odds to finish over 48.85
The tendency of Attendo 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 above the current price in 90 days |
| 48.85 | 90 days | 48.85 | about 16.17 |
Based on a normal probability distribution, the odds of Attendo AB to move above the current price in 90 days from now is about 16.17 (This Attendo AB probability density function shows the probability of Attendo Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Attendo AB has a beta of 0.24. This suggests as returns on the market go up, Attendo AB average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Attendo AB will be expected to be much smaller as well. Additionally Attendo AB 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. Attendo AB Price Density |
| Price |
Predictive Modules for Attendo AB
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Attendo AB. 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.Attendo AB Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Attendo AB is not an exception. The market had few large corrections towards the Attendo AB'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 Attendo AB, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Attendo AB within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.04 | |
β | Beta against Dow Jones | 0.24 | |
σ | Overall volatility | 0.79 | |
Ir | Information ratio | -0.11 |
Attendo AB 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 Attendo AB for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Attendo AB can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Attendo AB has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Attendo AB has accumulated 12.81 B in total debt with debt to equity ratio (D/E) of 205.8, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Attendo AB has a current ratio of 0.95, 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 Attendo AB until it has trouble settling it off, either with new capital or with free cash flow. So, Attendo AB'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 Attendo AB sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Attendo to invest in growth at high rates of return. When we think about Attendo AB's use of debt, we should always consider it together with cash and equity. | |
| About 57.0% of Attendo AB shares are held by institutions such as insurance companies |
Attendo AB 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 Attendo Stock often depends not only on the future outlook of the current and potential Attendo AB'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. Attendo AB's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 160.9 M | |
| Cash And Short Term Investments | 513 M |
Attendo AB Technical Analysis
Attendo AB's future price can be derived by breaking down and analyzing its technical indicators over time. Attendo Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Attendo AB. In general, you should focus on analyzing Attendo Stock price patterns and their correlations with different microeconomic environments and drivers.
Attendo AB Predictive Forecast Models
Attendo AB's time-series forecasting models is one of many Attendo AB'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 Attendo AB'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 Attendo AB
Checking the ongoing alerts about Attendo AB for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Attendo AB help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Attendo AB has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Attendo AB has accumulated 12.81 B in total debt with debt to equity ratio (D/E) of 205.8, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Attendo AB has a current ratio of 0.95, 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 Attendo AB until it has trouble settling it off, either with new capital or with free cash flow. So, Attendo AB'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 Attendo AB sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Attendo to invest in growth at high rates of return. When we think about Attendo AB's use of debt, we should always consider it together with cash and equity. | |
| About 57.0% of Attendo AB shares are held by institutions such as insurance companies |
Additional Tools for Attendo Stock Analysis
When running Attendo AB's price analysis, check to measure Attendo AB'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 Attendo AB is operating at the current time. Most of Attendo AB's value examination focuses on studying past and present price action to predict the probability of Attendo AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Attendo AB's price. Additionally, you may evaluate how the addition of Attendo AB to your portfolios can decrease your overall portfolio volatility.