Byggmax Group (Sweden) Probability of Future Stock Price Finishing Under 38.59
| BMAX Stock | SEK 43.96 0.80 1.85% |
Byggmax |
Byggmax Group Target Price Odds to finish below 38.59
The tendency of Byggmax 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 38.59 or more in 90 days |
| 43.96 | 90 days | 38.59 | about 8.45 |
Based on a normal probability distribution, the odds of Byggmax Group to drop to kr 38.59 or more in 90 days from now is about 8.45 (This Byggmax Group AB probability density function shows the probability of Byggmax Stock to fall within a particular range of prices over 90 days) . Probability of Byggmax Group AB price to stay between kr 38.59 and its current price of kr43.96 at the end of the 90-day period is about 68.62 .
Assuming the 90 days trading horizon Byggmax Group AB has a beta of -0.27 suggesting as returns on the benchmark increase, returns on holding Byggmax Group are expected to decrease at a much lower rate. During a bear market, however, Byggmax Group AB is likely to outperform the market. Additionally Byggmax Group AB has an alpha of 0.1579, implying that it can generate a 0.16 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Byggmax Group Price Density |
| Price |
Predictive Modules for Byggmax 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 Byggmax 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.Byggmax Group Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Byggmax Group is not an exception. The market had few large corrections towards the Byggmax 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 Byggmax Group AB, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Byggmax Group within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.16 | |
β | Beta against Dow Jones | -0.27 | |
σ | Overall volatility | 2.54 | |
Ir | Information ratio | -0.0013 |
Byggmax 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 Byggmax Group for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Byggmax 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.| Byggmax Group AB has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Byggmax Group AB has accumulated 1.28 B in total debt with debt to equity ratio (D/E) of 151.8, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Byggmax Group AB has a current ratio of 0.56, 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 Byggmax Group until it has trouble settling it off, either with new capital or with free cash flow. So, Byggmax Group'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 Byggmax Group AB sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Byggmax to invest in growth at high rates of return. When we think about Byggmax Group's use of debt, we should always consider it together with cash and equity. | |
| About 18.0% of Byggmax Group shares are held by company insiders |
Byggmax 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 Byggmax Stock often depends not only on the future outlook of the current and potential Byggmax 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. Byggmax Group's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 58.6 M | |
| Dividends Paid | 235 M | |
| Cash And Short Term Investments | 19 M | |
| Forward Annual Dividend Rate | 4 | |
| Shares Float | 56.1 M |
Byggmax Group Technical Analysis
Byggmax Group's future price can be derived by breaking down and analyzing its technical indicators over time. Byggmax Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Byggmax Group AB. In general, you should focus on analyzing Byggmax Stock price patterns and their correlations with different microeconomic environments and drivers.
Byggmax Group Predictive Forecast Models
Byggmax Group's time-series forecasting models is one of many Byggmax 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 Byggmax 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 Byggmax Group AB
Checking the ongoing alerts about Byggmax Group for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Byggmax Group AB help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Byggmax Group AB has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Byggmax Group AB has accumulated 1.28 B in total debt with debt to equity ratio (D/E) of 151.8, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Byggmax Group AB has a current ratio of 0.56, 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 Byggmax Group until it has trouble settling it off, either with new capital or with free cash flow. So, Byggmax Group'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 Byggmax Group AB sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Byggmax to invest in growth at high rates of return. When we think about Byggmax Group's use of debt, we should always consider it together with cash and equity. | |
| About 18.0% of Byggmax Group shares are held by company insiders |
Additional Tools for Byggmax Stock Analysis
When running Byggmax Group's price analysis, check to measure Byggmax 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 Byggmax Group is operating at the current time. Most of Byggmax Group's value examination focuses on studying past and present price action to predict the probability of Byggmax 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 Byggmax Group's price. Additionally, you may evaluate how the addition of Byggmax Group to your portfolios can decrease your overall portfolio volatility.