Hexagon Composites (Norway) Probability of Future Stock Price Finishing Over 47.75
| HEX Stock | NOK 42.30 0.05 0.12% |
Hexagon |
Hexagon Composites Target Price Odds to finish over 47.75
The tendency of Hexagon 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 move over 47.75 or more in 90 days |
| 42.30 | 90 days | 47.75 | about 1.26 |
Based on a normal probability distribution, the odds of Hexagon Composites to move over 47.75 or more in 90 days from now is about 1.26 (This Hexagon Composites ASA probability density function shows the probability of Hexagon Stock to fall within a particular range of prices over 90 days) . Probability of Hexagon Composites ASA price to stay between its current price of 42.30 and 47.75 at the end of the 90-day period is about 42.1 .
Assuming the 90 days trading horizon Hexagon Composites ASA has a beta of -0.13. This usually indicates as returns on the benchmark increase, returns on holding Hexagon Composites are expected to decrease at a much lower rate. During a bear market, however, Hexagon Composites ASA is likely to outperform the market. Additionally Hexagon Composites ASA has an alpha of 0.1313, implying that it can generate a 0.13 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Hexagon Composites Price Density |
| Price |
Predictive Modules for Hexagon Composites
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Hexagon Composites 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.Hexagon Composites Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Hexagon Composites is not an exception. The market had few large corrections towards the Hexagon Composites' 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 Hexagon Composites ASA, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Hexagon Composites within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.13 | |
β | Beta against Dow Jones | -0.13 | |
σ | Overall volatility | 2.63 | |
Ir | Information ratio | -0.0041 |
Hexagon Composites 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 Hexagon Composites for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Hexagon Composites 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.| Hexagon Composites had very high historical volatility over the last 90 days | |
| Hexagon Composites has accumulated 1.39 Billion in debt which can lead to volatile earnings | |
| The company reported the revenue of 3.54 B. Net Loss for the year was (237.32 M) with profit before overhead, payroll, taxes, and interest of 1.85 B. | |
| Hexagon Composites ASA has accumulated about 600.21 M in cash with (344.7 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.18. | |
| Roughly 42.0% of the company shares are held by company insiders |
Hexagon Composites 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 Hexagon Stock often depends not only on the future outlook of the current and potential Hexagon Composites' 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. Hexagon Composites' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 107.5 M | |
| Cash And Short Term Investments | 591.3 M |
Hexagon Composites Technical Analysis
Hexagon Composites' future price can be derived by breaking down and analyzing its technical indicators over time. Hexagon Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Hexagon Composites ASA. In general, you should focus on analyzing Hexagon Stock price patterns and their correlations with different microeconomic environments and drivers.
Hexagon Composites Predictive Forecast Models
Hexagon Composites' time-series forecasting models is one of many Hexagon Composites' 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 Hexagon Composites' 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 Hexagon Composites ASA
Checking the ongoing alerts about Hexagon Composites for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Hexagon Composites ASA help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Hexagon Composites had very high historical volatility over the last 90 days | |
| Hexagon Composites has accumulated 1.39 Billion in debt which can lead to volatile earnings | |
| The company reported the revenue of 3.54 B. Net Loss for the year was (237.32 M) with profit before overhead, payroll, taxes, and interest of 1.85 B. | |
| Hexagon Composites ASA has accumulated about 600.21 M in cash with (344.7 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.18. | |
| Roughly 42.0% of the company shares are held by company insiders |
Other Information on Investing in Hexagon Stock
Hexagon Composites financial ratios help investors to determine whether Hexagon 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 Hexagon with respect to the benefits of owning Hexagon Composites security.