Magnora ASA (Norway) Probability of Future Stock Price Finishing Under 22.75
| MGN Stock | 24.75 0.05 0.20% |
Magnora |
Magnora ASA Target Price Odds to finish below 22.75
The tendency of Magnora 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 22.75 or more in 90 days |
| 24.75 | 90 days | 22.75 | about 18.19 |
Based on a normal probability distribution, the odds of Magnora ASA to drop to 22.75 or more in 90 days from now is about 18.19 (This Magnora ASA probability density function shows the probability of Magnora Stock to fall within a particular range of prices over 90 days) . Probability of Magnora ASA price to stay between 22.75 and its current price of 24.75 at the end of the 90-day period is about 76.11 .
Assuming the 90 days trading horizon Magnora ASA has a beta of 0.35. This indicates as returns on the market go up, Magnora ASA average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Magnora ASA will be expected to be much smaller as well. Additionally Magnora 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. Magnora ASA Price Density |
| Price |
Predictive Modules for Magnora ASA
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Magnora 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.Magnora ASA Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Magnora ASA is not an exception. The market had few large corrections towards the Magnora ASA'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 Magnora ASA, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Magnora ASA within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.03 | |
β | Beta against Dow Jones | 0.35 | |
σ | Overall volatility | 0.80 | |
Ir | Information ratio | -0.05 |
Magnora ASA 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 Magnora ASA for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Magnora 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.| Magnora ASA has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 15.2 M. Net Loss for the year was (62.8 M) with profit before overhead, payroll, taxes, and interest of 15.2 M. | |
| Magnora ASA generates negative cash flow from operations | |
| About 40.0% of the company outstanding shares are owned by corporate insiders |
Magnora ASA 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 Magnora Stock often depends not only on the future outlook of the current and potential Magnora ASA'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. Magnora ASA's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 52.6 M | |
| Cash And Short Term Investments | 96.8 M |
Magnora ASA Technical Analysis
Magnora ASA's future price can be derived by breaking down and analyzing its technical indicators over time. Magnora Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Magnora ASA. In general, you should focus on analyzing Magnora Stock price patterns and their correlations with different microeconomic environments and drivers.
Magnora ASA Predictive Forecast Models
Magnora ASA's time-series forecasting models is one of many Magnora ASA'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 Magnora ASA'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 Magnora ASA
Checking the ongoing alerts about Magnora ASA for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Magnora ASA help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Magnora ASA has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 15.2 M. Net Loss for the year was (62.8 M) with profit before overhead, payroll, taxes, and interest of 15.2 M. | |
| Magnora ASA generates negative cash flow from operations | |
| About 40.0% of the company outstanding shares are owned by corporate insiders |
Other Information on Investing in Magnora Stock
Magnora ASA financial ratios help investors to determine whether Magnora 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 Magnora with respect to the benefits of owning Magnora ASA security.