Crayon Group (Norway) Probability of Future Stock Price Finishing Over 130.43
| CRAYN Stock | NOK 126.00 0.50 0.40% |
Crayon |
Crayon Group Target Price Odds to finish over 130.43
The tendency of Crayon 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 move over 130.43 or more in 90 days |
| 126.00 | 90 days | 130.43 | roughly 2.58 |
Based on a normal probability distribution, the odds of Crayon Group to move over 130.43 or more in 90 days from now is roughly 2.58 (This Crayon Group Holding probability density function shows the probability of Crayon Stock to fall within a particular range of prices over 90 days) . Probability of Crayon Group Holding price to stay between its current price of 126.00 and 130.43 at the end of the 90-day period is about 8.5 .
Assuming the 90 days trading horizon Crayon Group has a beta of 0.66 suggesting as returns on the market go up, Crayon Group average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Crayon Group Holding will be expected to be much smaller as well. Additionally Crayon Group Holding 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. Crayon Group Price Density |
| Price |
Predictive Modules for Crayon 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 Crayon Group Holding. 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.Crayon Group Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Crayon Group is not an exception. The market had few large corrections towards the Crayon 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 Crayon Group Holding, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Crayon Group within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.05 | |
β | Beta against Dow Jones | 0.66 | |
σ | Overall volatility | 6.12 | |
Ir | Information ratio | -0.03 |
Crayon 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 Crayon Group for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Crayon Group Holding can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Crayon Group Holding had very high historical volatility over the last 90 days | |
| About 64.0% of the company shares are held by institutions such as insurance companies |
Crayon 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 Crayon Stock often depends not only on the future outlook of the current and potential Crayon 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. Crayon Group's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 81.3 M | |
| Cash And Short Term Investments | 1.2 B |
Crayon Group Technical Analysis
Crayon Group's future price can be derived by breaking down and analyzing its technical indicators over time. Crayon Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Crayon Group Holding. In general, you should focus on analyzing Crayon Stock price patterns and their correlations with different microeconomic environments and drivers.
Crayon Group Predictive Forecast Models
Crayon Group's time-series forecasting models is one of many Crayon 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 Crayon 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 Crayon Group Holding
Checking the ongoing alerts about Crayon Group for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Crayon Group Holding help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Crayon Group Holding had very high historical volatility over the last 90 days | |
| About 64.0% of the company shares are held by institutions such as insurance companies |
Other Information on Investing in Crayon Stock
Crayon Group financial ratios help investors to determine whether Crayon 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 Crayon with respect to the benefits of owning Crayon Group security.