Northbaze Group (Sweden) Probability of Future Stock Price Finishing Under 0.18
| NBZ Stock | SEK 0.15 0.07 31.82% |
Northbaze |
Northbaze Group Target Price Odds to finish below 0.18
The tendency of Northbaze 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 0.18 after 90 days |
| 0.15 | 90 days | 0.18 | about 13.24 |
Based on a normal probability distribution, the odds of Northbaze Group to stay under kr 0.18 after 90 days from now is about 13.24 (This Northbaze Group AB probability density function shows the probability of Northbaze Stock to fall within a particular range of prices over 90 days) . Probability of Northbaze Group AB price to stay between its current price of kr 0.15 and kr 0.18 at the end of the 90-day period is about 7.69 .
Assuming the 90 days trading horizon Northbaze Group has a beta of 0.0285. This indicates as returns on the market go up, Northbaze Group average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Northbaze Group AB will be expected to be much smaller as well. Additionally Northbaze Group AB 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. Northbaze Group Price Density |
| Price |
Predictive Modules for Northbaze Group
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Northbaze Group AB. 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.Northbaze Group Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Northbaze Group is not an exception. The market had few large corrections towards the Northbaze Group'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 Northbaze Group AB, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Northbaze Group within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.05 | |
β | Beta against Dow Jones | 0.03 | |
σ | Overall volatility | 0.06 | |
Ir | Information ratio | -0.01 |
Northbaze Group 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 Northbaze Group for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Northbaze Group AB can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Northbaze Group AB generated a negative expected return over the last 90 days | |
| Northbaze Group AB has high historical volatility and very poor performance | |
| Northbaze Group AB has some characteristics of a very speculative penny stock | |
| Northbaze Group AB has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 132.91 M. Net Loss for the year was (10.14 M) with profit before overhead, payroll, taxes, and interest of 56.9 M. | |
| About 54.0% of the company outstanding shares are owned by corporate insiders |
Northbaze Group 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 Northbaze Stock often depends not only on the future outlook of the current and potential Northbaze Group'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. Northbaze Group's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 101.5 M | |
| Cash And Short Term Investments | 11 M |
Northbaze Group Technical Analysis
Northbaze Group's future price can be derived by breaking down and analyzing its technical indicators over time. Northbaze Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Northbaze Group AB. In general, you should focus on analyzing Northbaze Stock price patterns and their correlations with different microeconomic environments and drivers.
Northbaze Group Predictive Forecast Models
Northbaze Group's time-series forecasting models is one of many Northbaze Group'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 Northbaze Group'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 Northbaze Group AB
Checking the ongoing alerts about Northbaze Group for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Northbaze Group AB help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Northbaze Group AB generated a negative expected return over the last 90 days | |
| Northbaze Group AB has high historical volatility and very poor performance | |
| Northbaze Group AB has some characteristics of a very speculative penny stock | |
| Northbaze Group AB has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 132.91 M. Net Loss for the year was (10.14 M) with profit before overhead, payroll, taxes, and interest of 56.9 M. | |
| About 54.0% of the company outstanding shares are owned by corporate insiders |
Additional Tools for Northbaze Stock Analysis
When running Northbaze Group's price analysis, check to measure Northbaze Group'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 Northbaze Group is operating at the current time. Most of Northbaze Group's value examination focuses on studying past and present price action to predict the probability of Northbaze Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Northbaze Group's price. Additionally, you may evaluate how the addition of Northbaze Group to your portfolios can decrease your overall portfolio volatility.