ITAB Shop (Sweden) Probability of Future Stock Price Finishing Under 24.15
| ITAB Stock | 22.70 0.60 2.58% |
ITAB |
ITAB Shop Target Price Odds to finish below 24.15
The tendency of ITAB 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 under 24.15 after 90 days |
| 22.70 | 90 days | 24.15 | about 15.66 |
Based on a normal probability distribution, the odds of ITAB Shop to stay under 24.15 after 90 days from now is about 15.66 (This ITAB Shop Concept probability density function shows the probability of ITAB Stock to fall within a particular range of prices over 90 days) . Probability of ITAB Shop Concept price to stay between its current price of 22.70 and 24.15 at the end of the 90-day period is about 11.03 .
Assuming the 90 days trading horizon ITAB Shop has a beta of 0.17. This usually indicates as returns on the market go up, ITAB Shop average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding ITAB Shop Concept will be expected to be much smaller as well. Additionally ITAB Shop Concept 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. ITAB Shop Price Density |
| Price |
Predictive Modules for ITAB Shop
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ITAB Shop Concept. 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.ITAB Shop Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. ITAB Shop is not an exception. The market had few large corrections towards the ITAB Shop'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 ITAB Shop Concept, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of ITAB Shop within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.02 | |
β | Beta against Dow Jones | 0.17 | |
σ | Overall volatility | 2.17 | |
Ir | Information ratio | -0.03 |
ITAB Shop 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 ITAB Shop for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for ITAB Shop Concept can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| ITAB Shop Concept generated a negative expected return over the last 90 days | |
| ITAB Shop Concept has high historical volatility and very poor performance | |
| ITAB Shop generates negative cash flow from operations | |
| About 45.0% of the company shares are held by company insiders |
ITAB Shop 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 ITAB Stock often depends not only on the future outlook of the current and potential ITAB Shop'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. ITAB Shop's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 191.4 M | |
| Cash And Short Term Investments | 208 M |
ITAB Shop Technical Analysis
ITAB Shop's future price can be derived by breaking down and analyzing its technical indicators over time. ITAB Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of ITAB Shop Concept. In general, you should focus on analyzing ITAB Stock price patterns and their correlations with different microeconomic environments and drivers.
ITAB Shop Predictive Forecast Models
ITAB Shop's time-series forecasting models is one of many ITAB Shop'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 ITAB Shop'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 ITAB Shop Concept
Checking the ongoing alerts about ITAB Shop for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for ITAB Shop Concept help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| ITAB Shop Concept generated a negative expected return over the last 90 days | |
| ITAB Shop Concept has high historical volatility and very poor performance | |
| ITAB Shop generates negative cash flow from operations | |
| About 45.0% of the company shares are held by company insiders |
Additional Tools for ITAB Stock Analysis
When running ITAB Shop's price analysis, check to measure ITAB Shop'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 ITAB Shop is operating at the current time. Most of ITAB Shop's value examination focuses on studying past and present price action to predict the probability of ITAB Shop's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ITAB Shop's price. Additionally, you may evaluate how the addition of ITAB Shop to your portfolios can decrease your overall portfolio volatility.