Nitro Games (Sweden) Probability of Future Stock Price Finishing Over 2.5
| NITRO Stock | SEK 2.48 0.02 0.80% |
Nitro |
Nitro Games Target Price Odds to finish over 2.5
The tendency of Nitro 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 move over kr 2.50 or more in 90 days |
| 2.48 | 90 days | 2.50 | about 28.07 |
Based on a normal probability distribution, the odds of Nitro Games to move over kr 2.50 or more in 90 days from now is about 28.07 (This Nitro Games Oyj probability density function shows the probability of Nitro Stock to fall within a particular range of prices over 90 days) . Probability of Nitro Games Oyj price to stay between its current price of kr 2.48 and kr 2.50 at the end of the 90-day period is roughly 2.21 .
Assuming the 90 days trading horizon Nitro Games has a beta of 0.48. This indicates as returns on the market go up, Nitro Games average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Nitro Games Oyj will be expected to be much smaller as well. Additionally Nitro Games Oyj 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. Nitro Games Price Density |
| Price |
Predictive Modules for Nitro Games
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nitro Games Oyj. 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.Nitro Games Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Nitro Games is not an exception. The market had few large corrections towards the Nitro Games' 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 Nitro Games Oyj, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nitro Games within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.34 | |
β | Beta against Dow Jones | 0.48 | |
σ | Overall volatility | 0.31 | |
Ir | Information ratio | -0.08 |
Nitro Games 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 Nitro Games for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Nitro Games Oyj can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Nitro Games Oyj generated a negative expected return over the last 90 days | |
| Nitro Games Oyj has high historical volatility and very poor performance | |
| The company reported the revenue of 2.64 M. Net Loss for the year was (2.89 M) with profit before overhead, payroll, taxes, and interest of 3.2 M. | |
| Nitro Games Oyj has accumulated about 1.66 M in cash with (2.38 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.63. |
Nitro Games 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 Nitro Stock often depends not only on the future outlook of the current and potential Nitro Games' 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. Nitro Games' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 10.9 M | |
| Cash And Short Term Investments | 3.7 M |
Nitro Games Technical Analysis
Nitro Games' future price can be derived by breaking down and analyzing its technical indicators over time. Nitro Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nitro Games Oyj. In general, you should focus on analyzing Nitro Stock price patterns and their correlations with different microeconomic environments and drivers.
Nitro Games Predictive Forecast Models
Nitro Games' time-series forecasting models is one of many Nitro Games' 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 Nitro Games' 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 Nitro Games Oyj
Checking the ongoing alerts about Nitro Games for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Nitro Games Oyj help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Nitro Games Oyj generated a negative expected return over the last 90 days | |
| Nitro Games Oyj has high historical volatility and very poor performance | |
| The company reported the revenue of 2.64 M. Net Loss for the year was (2.89 M) with profit before overhead, payroll, taxes, and interest of 3.2 M. | |
| Nitro Games Oyj has accumulated about 1.66 M in cash with (2.38 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.63. |
Additional Tools for Nitro Stock Analysis
When running Nitro Games' price analysis, check to measure Nitro Games' 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 Nitro Games is operating at the current time. Most of Nitro Games' value examination focuses on studying past and present price action to predict the probability of Nitro Games' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nitro Games' price. Additionally, you may evaluate how the addition of Nitro Games to your portfolios can decrease your overall portfolio volatility.