CodeMill (Sweden) Odds of Future Stock Price Finishing Under 10.85
| CDMIL Stock | 14.50 0.80 5.23% |
CodeMill |
CodeMill Target Price Odds to finish below 10.85
The tendency of CodeMill 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 10.85 or more in 90 days |
| 14.50 | 90 days | 10.85 | about 1.71 |
Based on a normal probability distribution, the odds of CodeMill to drop to 10.85 or more in 90 days from now is about 1.71 (This CodeMill AB probability density function shows the probability of CodeMill Stock to fall within a particular range of prices over 90 days) . Probability of CodeMill AB price to stay between 10.85 and its current price of 14.5 at the end of the 90-day period is about 29.6 .
Assuming the 90 days trading horizon CodeMill has a beta of 0.37 suggesting as returns on the market go up, CodeMill average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding CodeMill AB will be expected to be much smaller as well. Additionally CodeMill 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. CodeMill Price Density |
| Price |
Predictive Modules for CodeMill
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as CodeMill 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.CodeMill Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. CodeMill is not an exception. The market had few large corrections towards the CodeMill'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 CodeMill AB, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of CodeMill within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.24 | |
β | Beta against Dow Jones | 0.37 | |
σ | Overall volatility | 2.24 | |
Ir | Information ratio | -0.09 |
CodeMill 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 CodeMill for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for CodeMill 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.| CodeMill AB generated a negative expected return over the last 90 days | |
| CodeMill AB has high historical volatility and very poor performance | |
| The company reported the revenue of 34.64 M. Net Loss for the year was (28.23 M) with profit before overhead, payroll, taxes, and interest of 45.17 M. | |
| CodeMill generates negative cash flow from operations | |
| About 67.0% of the company shares are held by company insiders |
CodeMill 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 CodeMill Stock often depends not only on the future outlook of the current and potential CodeMill'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. CodeMill's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 107.5 M | |
| Cash And Short Term Investments | 28.7 M |
CodeMill Technical Analysis
CodeMill's future price can be derived by breaking down and analyzing its technical indicators over time. CodeMill Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of CodeMill AB. In general, you should focus on analyzing CodeMill Stock price patterns and their correlations with different microeconomic environments and drivers.
CodeMill Predictive Forecast Models
CodeMill's time-series forecasting models is one of many CodeMill'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 CodeMill'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 CodeMill AB
Checking the ongoing alerts about CodeMill for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for CodeMill AB help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| CodeMill AB generated a negative expected return over the last 90 days | |
| CodeMill AB has high historical volatility and very poor performance | |
| The company reported the revenue of 34.64 M. Net Loss for the year was (28.23 M) with profit before overhead, payroll, taxes, and interest of 45.17 M. | |
| CodeMill generates negative cash flow from operations | |
| About 67.0% of the company shares are held by company insiders |
Additional Tools for CodeMill Stock Analysis
When running CodeMill's price analysis, check to measure CodeMill'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 CodeMill is operating at the current time. Most of CodeMill's value examination focuses on studying past and present price action to predict the probability of CodeMill's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CodeMill's price. Additionally, you may evaluate how the addition of CodeMill to your portfolios can decrease your overall portfolio volatility.