Doxa AB (Sweden) Odds of Future Stock Price Finishing Under 1.09
| DOXA Stock | SEK 0.77 0.28 26.67% |
Doxa |
Doxa AB Target Price Odds to finish below 1.09
The tendency of Doxa 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 kr 1.09 after 90 days |
| 0.77 | 90 days | 1.09 | about 78.56 |
Based on a normal probability distribution, the odds of Doxa AB to stay under kr 1.09 after 90 days from now is about 78.56 (This Doxa AB probability density function shows the probability of Doxa Stock to fall within a particular range of prices over 90 days) . Probability of Doxa AB price to stay between its current price of kr 0.77 and kr 1.09 at the end of the 90-day period is about 78.86 .
Assuming the 90 days trading horizon Doxa AB has a beta of -0.0061 suggesting as returns on the benchmark increase, returns on holding Doxa AB are expected to decrease at a much lower rate. During a bear market, however, Doxa AB is likely to outperform the market. Additionally Doxa 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. Doxa AB Price Density |
| Price |
Predictive Modules for Doxa 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 Doxa 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.Doxa AB Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Doxa AB is not an exception. The market had few large corrections towards the Doxa 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 Doxa AB, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Doxa AB within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.07 | |
β | Beta against Dow Jones | -0.0061 | |
σ | Overall volatility | 0.02 | |
Ir | Information ratio | -0.12 |
Doxa 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 Doxa AB for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Doxa 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.| Doxa AB generated a negative expected return over the last 90 days | |
| Doxa AB has some characteristics of a very speculative penny stock | |
| Doxa AB has high historical volatility and very poor performance | |
| Doxa AB has accumulated about 10.1 M in cash with (18.6 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.18. | |
| Roughly 42.0% of the company shares are held by company insiders |
Doxa 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 Doxa Stock often depends not only on the future outlook of the current and potential Doxa 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. Doxa AB's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 113.8 M | |
| Cash And Short Term Investments | 15.1 M |
Doxa AB Technical Analysis
Doxa AB's future price can be derived by breaking down and analyzing its technical indicators over time. Doxa Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Doxa AB. In general, you should focus on analyzing Doxa Stock price patterns and their correlations with different microeconomic environments and drivers.
Doxa AB Predictive Forecast Models
Doxa AB's time-series forecasting models is one of many Doxa 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 Doxa 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 Doxa AB
Checking the ongoing alerts about Doxa AB for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Doxa AB help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Doxa AB generated a negative expected return over the last 90 days | |
| Doxa AB has some characteristics of a very speculative penny stock | |
| Doxa AB has high historical volatility and very poor performance | |
| Doxa AB has accumulated about 10.1 M in cash with (18.6 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.18. | |
| Roughly 42.0% of the company shares are held by company insiders |
Additional Tools for Doxa Stock Analysis
When running Doxa AB's price analysis, check to measure Doxa AB'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 Doxa AB is operating at the current time. Most of Doxa AB's value examination focuses on studying past and present price action to predict the probability of Doxa AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Doxa AB's price. Additionally, you may evaluate how the addition of Doxa AB to your portfolios can decrease your overall portfolio volatility.