Basic Fit (Netherlands) Probability of Future Stock Price Finishing Under 22.94
| BFIT Stock | EUR 21.32 0.16 0.74% |
Basic |
Basic Fit Target Price Odds to finish below 22.94
The tendency of Basic 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 € 22.94 after 90 days |
| 21.32 | 90 days | 22.94 | about 49.73 |
Based on a normal probability distribution, the odds of Basic Fit to stay under € 22.94 after 90 days from now is about 49.73 (This Basic Fit NV probability density function shows the probability of Basic Stock to fall within a particular range of prices over 90 days) . Probability of Basic Fit NV price to stay between its current price of € 21.32 and € 22.94 at the end of the 90-day period is about 44.73 .
Assuming the 90 days trading horizon Basic Fit has a beta of 0.49 suggesting as returns on the market go up, Basic Fit average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Basic Fit NV will be expected to be much smaller as well. Additionally Basic Fit NV 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. Basic Fit Price Density |
| Price |
Predictive Modules for Basic Fit
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Basic Fit NV. 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.Basic Fit Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Basic Fit is not an exception. The market had few large corrections towards the Basic Fit'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 Basic Fit NV, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Basic Fit within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.17 | |
β | Beta against Dow Jones | 0.49 | |
σ | Overall volatility | 1.00 | |
Ir | Information ratio | -0.13 |
Basic Fit 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 Basic Fit for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Basic Fit NV can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Basic Fit NV generated a negative expected return over the last 90 days | |
| Basic Fit NV has high likelihood to experience some financial distress in the next 2 years | |
| Basic Fit NV has accumulated 517.73 M in total debt with debt to equity ratio (D/E) of 4.31, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Basic Fit NV has a current ratio of 0.57, 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 Basic Fit until it has trouble settling it off, either with new capital or with free cash flow. So, Basic Fit'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 Basic Fit NV sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Basic to invest in growth at high rates of return. When we think about Basic Fit's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 340.75 M. Net Loss for the year was (150.05 M) with profit before overhead, payroll, taxes, and interest of 245.34 M. | |
| Over 79.0% of Basic Fit shares are held by institutions such as insurance companies |
Basic Fit 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 Basic Stock often depends not only on the future outlook of the current and potential Basic Fit'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. Basic Fit's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 66 M |
Basic Fit Technical Analysis
Basic Fit's future price can be derived by breaking down and analyzing its technical indicators over time. Basic Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Basic Fit NV. In general, you should focus on analyzing Basic Stock price patterns and their correlations with different microeconomic environments and drivers.
Basic Fit Predictive Forecast Models
Basic Fit's time-series forecasting models is one of many Basic Fit'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 Basic Fit'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 Basic Fit NV
Checking the ongoing alerts about Basic Fit for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Basic Fit NV help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Basic Fit NV generated a negative expected return over the last 90 days | |
| Basic Fit NV has high likelihood to experience some financial distress in the next 2 years | |
| Basic Fit NV has accumulated 517.73 M in total debt with debt to equity ratio (D/E) of 4.31, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Basic Fit NV has a current ratio of 0.57, 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 Basic Fit until it has trouble settling it off, either with new capital or with free cash flow. So, Basic Fit'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 Basic Fit NV sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Basic to invest in growth at high rates of return. When we think about Basic Fit's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 340.75 M. Net Loss for the year was (150.05 M) with profit before overhead, payroll, taxes, and interest of 245.34 M. | |
| Over 79.0% of Basic Fit shares are held by institutions such as insurance companies |
Additional Tools for Basic Stock Analysis
When running Basic Fit's price analysis, check to measure Basic Fit'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 Basic Fit is operating at the current time. Most of Basic Fit's value examination focuses on studying past and present price action to predict the probability of Basic Fit's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Basic Fit's price. Additionally, you may evaluate how the addition of Basic Fit to your portfolios can decrease your overall portfolio volatility.