Concejo AB (Sweden) Probability of Future Stock Price Finishing Under 38.66
| CNCJO-B Stock | SEK 39.10 1.10 2.74% |
Concejo |
Concejo AB Target Price Odds to finish below 38.66
The tendency of Concejo 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 38.66 or more in 90 days |
| 39.10 | 90 days | 38.66 | about 1.09 |
Based on a normal probability distribution, the odds of Concejo AB to drop to kr 38.66 or more in 90 days from now is about 1.09 (This Concejo AB probability density function shows the probability of Concejo Stock to fall within a particular range of prices over 90 days) . Probability of Concejo AB price to stay between kr 38.66 and its current price of kr39.1 at the end of the 90-day period is near 1 .
Assuming the 90 days trading horizon Concejo AB has a beta of 0.0126 suggesting as returns on the market go up, Concejo AB average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Concejo AB will be expected to be much smaller as well. Additionally Concejo 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. Concejo AB Price Density |
| Price |
Predictive Modules for Concejo AB
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Concejo 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.Concejo AB Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Concejo AB is not an exception. The market had few large corrections towards the Concejo AB'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 Concejo AB, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Concejo AB within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.21 | |
β | Beta against Dow Jones | 0.01 | |
σ | Overall volatility | 2.37 | |
Ir | Information ratio | -0.12 |
Concejo AB 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 Concejo AB for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Concejo 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.| Concejo AB generated a negative expected return over the last 90 days | |
| The company reported the revenue of 261.2 M. Net Loss for the year was (14.6 M) with profit before overhead, payroll, taxes, and interest of 50 M. | |
| Concejo AB has accumulated about 959.6 M in cash with (26.7 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 82.0, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 78.0% of the company shares are held by company insiders |
Concejo AB 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 Concejo Stock often depends not only on the future outlook of the current and potential Concejo AB'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. Concejo AB's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 11.7 M | |
| Cash And Short Term Investments | 863.5 M |
Concejo AB Technical Analysis
Concejo AB's future price can be derived by breaking down and analyzing its technical indicators over time. Concejo Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Concejo AB. In general, you should focus on analyzing Concejo Stock price patterns and their correlations with different microeconomic environments and drivers.
Concejo AB Predictive Forecast Models
Concejo AB's time-series forecasting models is one of many Concejo AB'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 Concejo AB'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 Concejo AB
Checking the ongoing alerts about Concejo AB for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Concejo AB help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Concejo AB generated a negative expected return over the last 90 days | |
| The company reported the revenue of 261.2 M. Net Loss for the year was (14.6 M) with profit before overhead, payroll, taxes, and interest of 50 M. | |
| Concejo AB has accumulated about 959.6 M in cash with (26.7 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 82.0, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 78.0% of the company shares are held by company insiders |
Other Information on Investing in Concejo Stock
Concejo AB financial ratios help investors to determine whether Concejo Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Concejo with respect to the benefits of owning Concejo AB security.