BICO Group (Sweden) Probability of Future Stock Price Finishing Under 37.7
| BICO Stock | 33.62 0.84 2.44% |
BICO |
BICO Group Target Price Odds to finish below 37.7
The tendency of BICO 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 37.70 after 90 days |
| 33.62 | 90 days | 37.70 | about 23.08 |
Based on a normal probability distribution, the odds of BICO Group to stay under 37.70 after 90 days from now is about 23.08 (This BICO Group AB probability density function shows the probability of BICO Stock to fall within a particular range of prices over 90 days) . Probability of BICO Group AB price to stay between its current price of 33.62 and 37.70 at the end of the 90-day period is about 18.38 .
Assuming the 90 days trading horizon BICO Group AB has a beta of -0.72 suggesting as returns on the benchmark increase, returns on holding BICO Group are expected to decrease at a much lower rate. During a bear market, however, BICO Group AB is likely to outperform the market. Additionally BICO 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. BICO Group Price Density |
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Predictive Modules for BICO 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 BICO 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.BICO Group Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. BICO Group is not an exception. The market had few large corrections towards the BICO 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 BICO Group AB, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of BICO Group within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.23 | |
β | Beta against Dow Jones | -0.72 | |
σ | Overall volatility | 4.38 | |
Ir | Information ratio | -0.09 |
BICO 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 BICO Group for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for BICO 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.| BICO Group AB generated a negative expected return over the last 90 days | |
| BICO Group AB has high historical volatility and very poor performance | |
| BICO Group AB has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 1.26 B. Net Loss for the year was (213.4 M) with profit before overhead, payroll, taxes, and interest of 1.03 B. | |
| BICO Group generates negative cash flow from operations | |
| About 39.0% of the company shares are held by company insiders |
BICO 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 BICO Stock often depends not only on the future outlook of the current and potential BICO 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. BICO Group's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 61.4 M | |
| Cash And Short Term Investments | 1.5 B |
BICO Group Technical Analysis
BICO Group's future price can be derived by breaking down and analyzing its technical indicators over time. BICO Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of BICO Group AB. In general, you should focus on analyzing BICO Stock price patterns and their correlations with different microeconomic environments and drivers.
BICO Group Predictive Forecast Models
BICO Group's time-series forecasting models is one of many BICO 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 BICO 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 BICO Group AB
Checking the ongoing alerts about BICO Group for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for BICO Group AB help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| BICO Group AB generated a negative expected return over the last 90 days | |
| BICO Group AB has high historical volatility and very poor performance | |
| BICO Group AB has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 1.26 B. Net Loss for the year was (213.4 M) with profit before overhead, payroll, taxes, and interest of 1.03 B. | |
| BICO Group generates negative cash flow from operations | |
| About 39.0% of the company shares are held by company insiders |
Additional Tools for BICO Stock Analysis
When running BICO Group's price analysis, check to measure BICO 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 BICO Group is operating at the current time. Most of BICO Group's value examination focuses on studying past and present price action to predict the probability of BICO 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 BICO Group's price. Additionally, you may evaluate how the addition of BICO Group to your portfolios can decrease your overall portfolio volatility.