New Wave (Sweden) Odds of Future Stock Price Finishing Under 95.55
| NEWA-B Stock | SEK 96.60 0.80 0.82% |
New |
New Wave Target Price Odds to finish below 95.55
The tendency of New 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 kr 95.55 or more in 90 days |
| 96.60 | 90 days | 95.55 | about 1.31 |
Based on a normal probability distribution, the odds of New Wave to drop to kr 95.55 or more in 90 days from now is about 1.31 (This New Wave Group probability density function shows the probability of New Stock to fall within a particular range of prices over 90 days) . Probability of New Wave Group price to stay between kr 95.55 and its current price of kr96.6 at the end of the 90-day period is near 1 .
Assuming the 90 days trading horizon New Wave has a beta of 0.35. This indicates as returns on the market go up, New Wave average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding New Wave Group will be expected to be much smaller as well. Additionally New Wave Group 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. New Wave Price Density |
| Price |
Predictive Modules for New Wave
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as New Wave Group. 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.New Wave Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. New Wave is not an exception. The market had few large corrections towards the New Wave'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 New Wave Group, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of New Wave within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.22 | |
β | Beta against Dow Jones | 0.35 | |
σ | Overall volatility | 5.71 | |
Ir | Information ratio | -0.14 |
New Wave 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 New Wave for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for New Wave Group can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| New Wave Group generated a negative expected return over the last 90 days | |
| New Wave Group has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| About 14.0% of the company outstanding shares are owned by corporate insiders |
New Wave 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 New Stock often depends not only on the future outlook of the current and potential New Wave'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. New Wave's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 66.3 M | |
| Cash And Short Term Investments | 327.9 M |
New Wave Technical Analysis
New Wave's future price can be derived by breaking down and analyzing its technical indicators over time. New Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of New Wave Group. In general, you should focus on analyzing New Stock price patterns and their correlations with different microeconomic environments and drivers.
New Wave Predictive Forecast Models
New Wave's time-series forecasting models is one of many New Wave'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 New Wave'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 New Wave Group
Checking the ongoing alerts about New Wave for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for New Wave Group help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| New Wave Group generated a negative expected return over the last 90 days | |
| New Wave Group has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| About 14.0% of the company outstanding shares are owned by corporate insiders |
Other Information on Investing in New Stock
New Wave financial ratios help investors to determine whether New 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 New with respect to the benefits of owning New Wave security.