Elopak AS (Norway) Probability of Future Stock Price Finishing Under 33.80
| ELO Stock | 44.55 0.65 1.48% |
Elopak |
Elopak AS Target Price Odds to finish below 33.80
The tendency of Elopak 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 33.80 or more in 90 days |
| 44.55 | 90 days | 33.80 | near 1 |
Based on a normal probability distribution, the odds of Elopak AS to drop to 33.80 or more in 90 days from now is near 1 (This Elopak AS probability density function shows the probability of Elopak Stock to fall within a particular range of prices over 90 days) . Probability of Elopak AS price to stay between 33.80 and its current price of 44.55 at the end of the 90-day period is about 71.47 .
Assuming the 90 days trading horizon Elopak AS has a beta of -0.41 suggesting as returns on the benchmark increase, returns on holding Elopak AS are expected to decrease at a much lower rate. During a bear market, however, Elopak AS is likely to outperform the market. Additionally Elopak AS has an alpha of 0.1932, implying that it can generate a 0.19 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Elopak AS Price Density |
| Price |
Predictive Modules for Elopak AS
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Elopak AS. 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.Elopak AS Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Elopak AS is not an exception. The market had few large corrections towards the Elopak AS'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 Elopak AS, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Elopak AS within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.19 | |
β | Beta against Dow Jones | -0.41 | |
σ | Overall volatility | 1.32 | |
Ir | Information ratio | 0.03 |
Elopak AS 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 Elopak AS for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Elopak AS can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Over 85.0% of the company shares are held by institutions such as insurance companies |
Elopak AS 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 Elopak Stock often depends not only on the future outlook of the current and potential Elopak AS'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. Elopak AS's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 269.2 M | |
| Cash And Short Term Investments | 24.3 M |
Elopak AS Technical Analysis
Elopak AS's future price can be derived by breaking down and analyzing its technical indicators over time. Elopak Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Elopak AS. In general, you should focus on analyzing Elopak Stock price patterns and their correlations with different microeconomic environments and drivers.
Elopak AS Predictive Forecast Models
Elopak AS's time-series forecasting models is one of many Elopak AS'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 Elopak AS'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 Elopak AS
Checking the ongoing alerts about Elopak AS for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Elopak AS help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Over 85.0% of the company shares are held by institutions such as insurance companies |
Other Information on Investing in Elopak Stock
Elopak AS financial ratios help investors to determine whether Elopak 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 Elopak with respect to the benefits of owning Elopak AS security.