NAXS Nordic (Sweden) Probability of Future Stock Price Finishing Under 51.86
| NAXS Stock | SEK 51.00 0.40 0.78% |
NAXS |
NAXS Nordic Target Price Odds to finish below 51.86
The tendency of NAXS 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 kr 51.86 after 90 days |
| 51.00 | 90 days | 51.86 | about 12.95 |
Based on a normal probability distribution, the odds of NAXS Nordic to stay under kr 51.86 after 90 days from now is about 12.95 (This NAXS Nordic Access probability density function shows the probability of NAXS Stock to fall within a particular range of prices over 90 days) . Probability of NAXS Nordic Access price to stay between its current price of kr 51.00 and kr 51.86 at the end of the 90-day period is nearly 4.72 .
Assuming the 90 days trading horizon NAXS Nordic has a beta of 0.24. This indicates as returns on the market go up, NAXS Nordic average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding NAXS Nordic Access will be expected to be much smaller as well. Additionally NAXS Nordic Access 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. NAXS Nordic Price Density |
| Price |
Predictive Modules for NAXS Nordic
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as NAXS Nordic Access. 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.NAXS Nordic Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. NAXS Nordic is not an exception. The market had few large corrections towards the NAXS Nordic'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 NAXS Nordic Access, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of NAXS Nordic within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.23 | |
β | Beta against Dow Jones | 0.24 | |
σ | Overall volatility | 3.32 | |
Ir | Information ratio | -0.31 |
NAXS Nordic 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 NAXS Nordic for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for NAXS Nordic Access can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| NAXS Nordic Access generated a negative expected return over the last 90 days | |
| NAXS Nordic Access has accumulated about 260.43 M in cash with (10.17 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 21.87. | |
| Roughly 69.0% of the company shares are owned by institutional investors |
NAXS Nordic 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 NAXS Stock often depends not only on the future outlook of the current and potential NAXS Nordic'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. NAXS Nordic's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 11.2 M | |
| Dividends Paid | -33.5 M | |
| Cash And Short Term Investments | 265.5 M | |
| Forward Annual Dividend Rate | 3.5 | |
| Shares Float | 3.1 M |
NAXS Nordic Technical Analysis
NAXS Nordic's future price can be derived by breaking down and analyzing its technical indicators over time. NAXS Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of NAXS Nordic Access. In general, you should focus on analyzing NAXS Stock price patterns and their correlations with different microeconomic environments and drivers.
NAXS Nordic Predictive Forecast Models
NAXS Nordic's time-series forecasting models is one of many NAXS Nordic'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 NAXS Nordic'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 NAXS Nordic Access
Checking the ongoing alerts about NAXS Nordic for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for NAXS Nordic Access help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| NAXS Nordic Access generated a negative expected return over the last 90 days | |
| NAXS Nordic Access has accumulated about 260.43 M in cash with (10.17 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 21.87. | |
| Roughly 69.0% of the company shares are owned by institutional investors |
Additional Tools for NAXS Stock Analysis
When running NAXS Nordic's price analysis, check to measure NAXS Nordic'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 NAXS Nordic is operating at the current time. Most of NAXS Nordic's value examination focuses on studying past and present price action to predict the probability of NAXS Nordic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NAXS Nordic's price. Additionally, you may evaluate how the addition of NAXS Nordic to your portfolios can decrease your overall portfolio volatility.