Balco Group (Sweden) Probability of Future Stock Price Finishing Over 47.56
| BALCO Stock | SEK 38.30 0.40 1.06% |
Balco |
Balco Group Target Price Odds to finish over 47.56
The tendency of Balco 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 kr 47.56 or more in 90 days |
| 38.30 | 90 days | 47.56 | near 1 |
Based on a normal probability distribution, the odds of Balco Group to move over kr 47.56 or more in 90 days from now is near 1 (This Balco Group AB probability density function shows the probability of Balco Stock to fall within a particular range of prices over 90 days) . Probability of Balco Group AB price to stay between its current price of kr 38.30 and kr 47.56 at the end of the 90-day period is about 85.23 .
Assuming the 90 days trading horizon Balco Group has a beta of 0.65 suggesting as returns on the market go up, Balco Group average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Balco Group AB will be expected to be much smaller as well. Additionally Balco Group 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. Balco Group Price Density |
| Price |
Predictive Modules for Balco Group
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Balco Group 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.Balco Group Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Balco Group is not an exception. The market had few large corrections towards the Balco Group'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 Balco Group AB, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Balco Group within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.08 | |
β | Beta against Dow Jones | 0.65 | |
σ | Overall volatility | 1.92 | |
Ir | Information ratio | -0.06 |
Balco Group 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 Balco Group for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Balco Group 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.| Balco Group AB generated a negative expected return over the last 90 days | |
| The company has kr193.6 Million in debt which may indicate that it relies heavily on debt financing | |
| About 53.0% of the company shares are held by company insiders |
Balco Group 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 Balco Stock often depends not only on the future outlook of the current and potential Balco Group'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. Balco Group's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 107.5 M | |
| Cash And Short Term Investments | 117.5 M |
Balco Group Technical Analysis
Balco Group's future price can be derived by breaking down and analyzing its technical indicators over time. Balco Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Balco Group AB. In general, you should focus on analyzing Balco Stock price patterns and their correlations with different microeconomic environments and drivers.
Balco Group Predictive Forecast Models
Balco Group's time-series forecasting models is one of many Balco Group'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 Balco Group'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 Balco Group AB
Checking the ongoing alerts about Balco Group for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Balco Group AB help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Balco Group AB generated a negative expected return over the last 90 days | |
| The company has kr193.6 Million in debt which may indicate that it relies heavily on debt financing | |
| About 53.0% of the company shares are held by company insiders |
Additional Tools for Balco Stock Analysis
When running Balco Group's price analysis, check to measure Balco Group'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 Balco Group is operating at the current time. Most of Balco Group's value examination focuses on studying past and present price action to predict the probability of Balco Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Balco Group's price. Additionally, you may evaluate how the addition of Balco Group to your portfolios can decrease your overall portfolio volatility.