Firefly AB (Sweden) Probability of Future Stock Price Finishing Over 185.0
| FIRE Stock | SEK 200.00 5.00 2.56% |
Firefly |
Firefly AB Target Price Odds to finish over 185.0
The tendency of Firefly 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 above kr 185.00 in 90 days |
| 200.00 | 90 days | 185.00 | about 77.06 |
Based on a normal probability distribution, the odds of Firefly AB to stay above kr 185.00 in 90 days from now is about 77.06 (This Firefly AB probability density function shows the probability of Firefly Stock to fall within a particular range of prices over 90 days) . Probability of Firefly AB price to stay between kr 185.00 and its current price of kr200.0 at the end of the 90-day period is about 48.13 .
Assuming the 90 days trading horizon Firefly AB has a beta of -1.02. This usually indicates Additionally Firefly AB has an alpha of 0.2053, implying that it can generate a 0.21 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Firefly AB Price Density |
| Price |
Predictive Modules for Firefly 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 Firefly 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.Firefly AB Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Firefly AB is not an exception. The market had few large corrections towards the Firefly 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 Firefly AB, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Firefly AB within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.21 | |
β | Beta against Dow Jones | -1.02 | |
σ | Overall volatility | 11.57 | |
Ir | Information ratio | -0.02 |
Firefly 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 Firefly AB for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Firefly 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.| About 67.0% of the company shares are held by company insiders |
Firefly 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 Firefly Stock often depends not only on the future outlook of the current and potential Firefly 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. Firefly AB's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 6 M | |
| Cash And Short Term Investments | 52.7 M |
Firefly AB Technical Analysis
Firefly AB's future price can be derived by breaking down and analyzing its technical indicators over time. Firefly Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Firefly AB. In general, you should focus on analyzing Firefly Stock price patterns and their correlations with different microeconomic environments and drivers.
Firefly AB Predictive Forecast Models
Firefly AB's time-series forecasting models is one of many Firefly 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 Firefly 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 Firefly AB
Checking the ongoing alerts about Firefly AB for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Firefly AB help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| About 67.0% of the company shares are held by company insiders |
Additional Tools for Firefly Stock Analysis
When running Firefly AB's price analysis, check to measure Firefly 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 Firefly AB is operating at the current time. Most of Firefly AB's value examination focuses on studying past and present price action to predict the probability of Firefly 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 Firefly AB's price. Additionally, you may evaluate how the addition of Firefly AB to your portfolios can decrease your overall portfolio volatility.