Beowulf Mining (Sweden) Probability of Future Stock Price Finishing Under 2.23
| BEO-SDB Stock | SEK 2.30 0.16 7.48% |
Beowulf |
Beowulf Mining Target Price Odds to finish below 2.23
The tendency of Beowulf 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 kr 2.23 or more in 90 days |
| 2.30 | 90 days | 2.23 | roughly 2.89 |
Based on a normal probability distribution, the odds of Beowulf Mining to drop to kr 2.23 or more in 90 days from now is roughly 2.89 (This Beowulf Mining PLC probability density function shows the probability of Beowulf Stock to fall within a particular range of prices over 90 days) . Probability of Beowulf Mining PLC price to stay between kr 2.23 and its current price of kr2.3 at the end of the 90-day period is about 1.45 .
Assuming the 90 days trading horizon the stock has the beta coefficient of 1.23 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Beowulf Mining will likely underperform. Additionally Beowulf Mining PLC 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. Beowulf Mining Price Density |
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Predictive Modules for Beowulf Mining
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Beowulf Mining PLC. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Beowulf Mining's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Beowulf Mining Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Beowulf Mining is not an exception. The market had few large corrections towards the Beowulf Mining'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 Beowulf Mining PLC, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Beowulf Mining within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.35 | |
β | Beta against Dow Jones | 1.23 | |
σ | Overall volatility | 0.38 | |
Ir | Information ratio | -0.08 |
Beowulf Mining 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 Beowulf Mining for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Beowulf Mining PLC can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Beowulf Mining PLC generated a negative expected return over the last 90 days | |
| Beowulf Mining PLC has high historical volatility and very poor performance | |
| Beowulf Mining PLC has a very high chance of going through financial distress in the upcoming years | |
| Net Loss for the year was (2.95 M). | |
| Beowulf Mining PLC has accumulated about 778.31 K in cash with (2.49 M) of positive cash flow from operations. |
Beowulf Mining Technical Analysis
Beowulf Mining's future price can be derived by breaking down and analyzing its technical indicators over time. Beowulf Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Beowulf Mining PLC. In general, you should focus on analyzing Beowulf Stock price patterns and their correlations with different microeconomic environments and drivers.
Beowulf Mining Predictive Forecast Models
Beowulf Mining's time-series forecasting models is one of many Beowulf Mining'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 Beowulf Mining'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 Beowulf Mining PLC
Checking the ongoing alerts about Beowulf Mining for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Beowulf Mining PLC help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Beowulf Mining PLC generated a negative expected return over the last 90 days | |
| Beowulf Mining PLC has high historical volatility and very poor performance | |
| Beowulf Mining PLC has a very high chance of going through financial distress in the upcoming years | |
| Net Loss for the year was (2.95 M). | |
| Beowulf Mining PLC has accumulated about 778.31 K in cash with (2.49 M) of positive cash flow from operations. |
Other Information on Investing in Beowulf Stock
Beowulf Mining financial ratios help investors to determine whether Beowulf 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 Beowulf with respect to the benefits of owning Beowulf Mining security.