Hermana Holding (Norway) Probability of Future Stock Price Finishing Over 11.29
| HERMA Stock | 11.36 0.14 1.22% |
Hermana |
Hermana Holding Target Price Odds to finish over 11.29
The tendency of Hermana 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 11.29 in 90 days |
| 11.36 | 90 days | 11.29 | about 98.0 |
Based on a normal probability distribution, the odds of Hermana Holding to stay above 11.29 in 90 days from now is about 98.0 (This Hermana Holding ASA probability density function shows the probability of Hermana Stock to fall within a particular range of prices over 90 days) . Probability of Hermana Holding ASA price to stay between 11.29 and its current price of 11.36 at the end of the 90-day period is near 1 .
Assuming the 90 days trading horizon Hermana Holding has a beta of 0.6. This usually indicates as returns on the market go up, Hermana Holding average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Hermana Holding ASA will be expected to be much smaller as well. Additionally Hermana Holding ASA 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. Hermana Holding Price Density |
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Predictive Modules for Hermana Holding
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Hermana Holding 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.Please note, it is not enough to conduct a financial or market analysis of a single entity such as Hermana Holding. Your research has to be compared to or analyzed against Hermana Holding's peers to derive any actionable benefits. When done correctly, Hermana Holding's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Hermana Holding ASA.Hermana Holding Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Hermana Holding is not an exception. The market had few large corrections towards the Hermana Holding'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 Hermana Holding ASA, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Hermana Holding within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.6 | |
β | Beta against Dow Jones | 0.60 | |
σ | Overall volatility | 1.53 | |
Ir | Information ratio | -0.28 |
Hermana Holding 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 Hermana Holding for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Hermana Holding 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.| Hermana Holding ASA generated a negative expected return over the last 90 days |
Hermana Holding Technical Analysis
Hermana Holding's future price can be derived by breaking down and analyzing its technical indicators over time. Hermana Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Hermana Holding ASA. In general, you should focus on analyzing Hermana Stock price patterns and their correlations with different microeconomic environments and drivers.
Hermana Holding Predictive Forecast Models
Hermana Holding's time-series forecasting models is one of many Hermana Holding'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 Hermana Holding'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 Hermana Holding ASA
Checking the ongoing alerts about Hermana Holding for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Hermana Holding ASA help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Hermana Holding ASA generated a negative expected return over the last 90 days |