Biofish Holding (Norway) Probability of Future Stock Price Finishing Over 7.85
| BFISH Stock | 1.12 0.04 3.45% |
Biofish |
Biofish Holding Target Price Odds to finish over 7.85
The tendency of Biofish 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 7.85 or more in 90 days |
| 1.12 | 90 days | 7.85 | close to zero percent |
Based on a normal probability distribution, the odds of Biofish Holding to move over 7.85 or more in 90 days from now is close to zero percent (This Biofish Holding AS probability density function shows the probability of Biofish Stock to fall within a particular range of prices over 90 days) . Probability of Biofish Holding AS price to stay between its current price of 1.12 and 7.85 at the end of the 90-day period is about 84.26 .
Assuming the 90 days trading horizon Biofish Holding AS has a beta of -0.34 suggesting as returns on the benchmark increase, returns on holding Biofish Holding are expected to decrease at a much lower rate. During a bear market, however, Biofish Holding AS is likely to outperform the market. Additionally Biofish Holding AS has an alpha of 0.0079, implying that it can generate a 0.007934 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Biofish Holding Price Density |
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Predictive Modules for Biofish Holding
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Biofish Holding AS. 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.Please note, it is not enough to conduct a financial or market analysis of a single entity such as Biofish Holding. Your research has to be compared to or analyzed against Biofish Holding's peers to derive any actionable benefits. When done correctly, Biofish Holding's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Biofish Holding AS.Biofish Holding Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Biofish Holding is not an exception. The market had few large corrections towards the Biofish Holding'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 Biofish Holding AS, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Biofish Holding within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.01 | |
β | Beta against Dow Jones | -0.34 | |
σ | Overall volatility | 0.04 | |
Ir | Information ratio | -0.06 |
Biofish Holding 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 Biofish Holding for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Biofish Holding AS can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Biofish Holding AS generated a negative expected return over the last 90 days | |
| Biofish Holding AS may become a speculative penny stock |
Biofish Holding Technical Analysis
Biofish Holding's future price can be derived by breaking down and analyzing its technical indicators over time. Biofish Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Biofish Holding AS. In general, you should focus on analyzing Biofish Stock price patterns and their correlations with different microeconomic environments and drivers.
Biofish Holding Predictive Forecast Models
Biofish Holding's time-series forecasting models is one of many Biofish Holding'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 Biofish Holding'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 Biofish Holding AS
Checking the ongoing alerts about Biofish Holding for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Biofish Holding AS help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Biofish Holding AS generated a negative expected return over the last 90 days | |
| Biofish Holding AS may become a speculative penny stock |