Gjensidige Forsikring (Norway) Probability of Future Stock Price Finishing Under 191.77
| GJF Stock | NOK 196.40 1.30 0.66% |
Gjensidige |
Gjensidige Forsikring Target Price Odds to finish below 191.77
The tendency of Gjensidige 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 191.77 or more in 90 days |
| 196.40 | 90 days | 191.77 | about 24.57 |
Based on a normal probability distribution, the odds of Gjensidige Forsikring to drop to 191.77 or more in 90 days from now is about 24.57 (This Gjensidige Forsikring ASA probability density function shows the probability of Gjensidige Stock to fall within a particular range of prices over 90 days) . Probability of Gjensidige Forsikring ASA price to stay between 191.77 and its current price of 196.4 at the end of the 90-day period is about 40.43 .
Assuming the 90 days trading horizon Gjensidige Forsikring ASA has a beta of -0.19. This usually indicates as returns on the benchmark increase, returns on holding Gjensidige Forsikring are expected to decrease at a much lower rate. During a bear market, however, Gjensidige Forsikring ASA is likely to outperform the market. Additionally Gjensidige Forsikring ASA has an alpha of 0.1156, implying that it can generate a 0.12 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Gjensidige Forsikring Price Density |
| Price |
Predictive Modules for Gjensidige Forsikring
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Gjensidige Forsikring ASA. 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.Gjensidige Forsikring Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Gjensidige Forsikring is not an exception. The market had few large corrections towards the Gjensidige Forsikring'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 Gjensidige Forsikring ASA, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Gjensidige Forsikring within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.12 | |
β | Beta against Dow Jones | -0.19 | |
σ | Overall volatility | 4.32 | |
Ir | Information ratio | -0.02 |
Gjensidige Forsikring 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 Gjensidige Forsikring for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Gjensidige Forsikring ASA can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Gjensidige Forsikring ASA has accumulated 2.4 B in total debt with debt to equity ratio (D/E) of 16.5, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Gjensidige Forsikring ASA has a current ratio of 0.94, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Gjensidige Forsikring until it has trouble settling it off, either with new capital or with free cash flow. So, Gjensidige Forsikring's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Gjensidige Forsikring ASA sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Gjensidige to invest in growth at high rates of return. When we think about Gjensidige Forsikring's use of debt, we should always consider it together with cash and equity. | |
| About 62.0% of Gjensidige Forsikring shares are held by company insiders |
Gjensidige Forsikring 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 Gjensidige Stock often depends not only on the future outlook of the current and potential Gjensidige Forsikring'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. Gjensidige Forsikring's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 500.1 M | |
| Cash And Short Term Investments | 2.3 B |
Gjensidige Forsikring Technical Analysis
Gjensidige Forsikring's future price can be derived by breaking down and analyzing its technical indicators over time. Gjensidige Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Gjensidige Forsikring ASA. In general, you should focus on analyzing Gjensidige Stock price patterns and their correlations with different microeconomic environments and drivers.
Gjensidige Forsikring Predictive Forecast Models
Gjensidige Forsikring's time-series forecasting models is one of many Gjensidige Forsikring'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 Gjensidige Forsikring'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 Gjensidige Forsikring ASA
Checking the ongoing alerts about Gjensidige Forsikring for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Gjensidige Forsikring ASA help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Gjensidige Forsikring ASA has accumulated 2.4 B in total debt with debt to equity ratio (D/E) of 16.5, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Gjensidige Forsikring ASA has a current ratio of 0.94, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Gjensidige Forsikring until it has trouble settling it off, either with new capital or with free cash flow. So, Gjensidige Forsikring's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Gjensidige Forsikring ASA sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Gjensidige to invest in growth at high rates of return. When we think about Gjensidige Forsikring's use of debt, we should always consider it together with cash and equity. | |
| About 62.0% of Gjensidige Forsikring shares are held by company insiders |
Other Information on Investing in Gjensidige Stock
Gjensidige Forsikring financial ratios help investors to determine whether Gjensidige 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 Gjensidige with respect to the benefits of owning Gjensidige Forsikring security.