Footway Group (Sweden) Probability of Future Stock Price Finishing Under 25.13
| FOOT-PREF | SEK 32.00 2.80 9.59% |
Footway |
Footway Group Target Price Odds to finish below 25.13
The tendency of Footway 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 25.13 or more in 90 days |
| 32.00 | 90 days | 25.13 | nearly 4.7 |
Based on a normal probability distribution, the odds of Footway Group to drop to kr 25.13 or more in 90 days from now is nearly 4.7 (This Footway Group AB probability density function shows the probability of Footway Stock to fall within a particular range of prices over 90 days) . Probability of Footway Group AB price to stay between kr 25.13 and its current price of kr32.0 at the end of the 90-day period is about 23.61 .
Assuming the 90 days trading horizon the stock has the beta coefficient of 1.53 . This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Footway Group will likely underperform. Additionally Footway Group AB has an alpha of 0.08, implying that it can generate a 0.08 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Footway Group Price Density |
| Price |
Predictive Modules for Footway 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 Footway Group 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.Footway Group Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Footway Group is not an exception. The market had few large corrections towards the Footway 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 Footway Group AB, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Footway Group within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.08 | |
β | Beta against Dow Jones | 1.53 | |
σ | Overall volatility | 6.25 | |
Ir | Information ratio | 0.02 |
Footway 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 Footway Group for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Footway Group 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.| Footway Group AB had very high historical volatility over the last 90 days | |
| The company reported the revenue of 1.5 B. Net Loss for the year was (59.4 M) with profit before overhead, payroll, taxes, and interest of 844 M. |
Footway 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 Footway Stock often depends not only on the future outlook of the current and potential Footway 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. Footway Group's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 79.1 M | |
| Cash And Short Term Investments | 42.2 M |
Footway Group Technical Analysis
Footway Group's future price can be derived by breaking down and analyzing its technical indicators over time. Footway Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Footway Group AB. In general, you should focus on analyzing Footway Stock price patterns and their correlations with different microeconomic environments and drivers.
Footway Group Predictive Forecast Models
Footway Group's time-series forecasting models is one of many Footway 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 Footway 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 Footway Group AB
Checking the ongoing alerts about Footway Group for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Footway Group AB help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Footway Group AB had very high historical volatility over the last 90 days | |
| The company reported the revenue of 1.5 B. Net Loss for the year was (59.4 M) with profit before overhead, payroll, taxes, and interest of 844 M. |
Additional Tools for Footway Stock Analysis
When running Footway Group's price analysis, check to measure Footway Group'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 Footway Group is operating at the current time. Most of Footway Group's value examination focuses on studying past and present price action to predict the probability of Footway Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Footway Group's price. Additionally, you may evaluate how the addition of Footway Group to your portfolios can decrease your overall portfolio volatility.