Nnit AS (Denmark) Odds of Future Stock Price Finishing Under 90.34
| NNIT Stock | DKK 91.00 0.30 0.33% |
Nnit |
Nnit AS Target Price Odds to finish below 90.34
The tendency of Nnit 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 90.34 or more in 90 days |
| 91.00 | 90 days | 90.34 | nearly 4.59 |
Based on a normal probability distribution, the odds of Nnit AS to drop to kr 90.34 or more in 90 days from now is nearly 4.59 (This Nnit AS probability density function shows the probability of Nnit Stock to fall within a particular range of prices over 90 days) . Probability of Nnit AS price to stay between kr 90.34 and its current price of kr91.0 at the end of the 90-day period is near 1 .
Assuming the 90 days trading horizon Nnit AS has a beta of 0.83. This indicates as returns on the market go up, Nnit AS average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Nnit AS will be expected to be much smaller as well. Additionally Nnit AS 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. Nnit AS Price Density |
| Price |
Predictive Modules for Nnit AS
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nnit AS. 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.Nnit AS Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Nnit AS is not an exception. The market had few large corrections towards the Nnit AS'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 Nnit AS, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nnit AS within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.25 | |
β | Beta against Dow Jones | 0.83 | |
σ | Overall volatility | 12.79 | |
Ir | Information ratio | -0.09 |
Nnit AS 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 Nnit AS for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Nnit AS can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Nnit AS generated a negative expected return over the last 90 days | |
| Nnit AS has high historical volatility and very poor performance | |
| The company has kr536 Million in debt which may indicate that it relies heavily on debt financing | |
| Nnit AS has accumulated 536 M in total debt with debt to equity ratio (D/E) of 66.1, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Nnit AS has a current ratio of 0.94, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Nnit AS until it has trouble settling it off, either with new capital or with free cash flow. So, Nnit AS's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Nnit AS sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Nnit to invest in growth at high rates of return. When we think about Nnit AS's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 2.88 B. Net Loss for the year was (7 M) with profit before overhead, payroll, taxes, and interest of 344 M. | |
| About 58.0% of Nnit AS shares are owned by institutional investors |
Nnit AS 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 Nnit Stock often depends not only on the future outlook of the current and potential Nnit AS'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. Nnit AS's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 24.7 M | |
| Cash And Short Term Investments | 230 M |
Nnit AS Technical Analysis
Nnit AS's future price can be derived by breaking down and analyzing its technical indicators over time. Nnit Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nnit AS. In general, you should focus on analyzing Nnit Stock price patterns and their correlations with different microeconomic environments and drivers.
Nnit AS Predictive Forecast Models
Nnit AS's time-series forecasting models is one of many Nnit AS'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 Nnit AS'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 Nnit AS
Checking the ongoing alerts about Nnit AS for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Nnit AS help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Nnit AS generated a negative expected return over the last 90 days | |
| Nnit AS has high historical volatility and very poor performance | |
| The company has kr536 Million in debt which may indicate that it relies heavily on debt financing | |
| Nnit AS has accumulated 536 M in total debt with debt to equity ratio (D/E) of 66.1, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Nnit AS has a current ratio of 0.94, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Nnit AS until it has trouble settling it off, either with new capital or with free cash flow. So, Nnit AS's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Nnit AS sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Nnit to invest in growth at high rates of return. When we think about Nnit AS's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 2.88 B. Net Loss for the year was (7 M) with profit before overhead, payroll, taxes, and interest of 344 M. | |
| About 58.0% of Nnit AS shares are owned by institutional investors |
Other Information on Investing in Nnit Stock
Nnit AS financial ratios help investors to determine whether Nnit 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 Nnit with respect to the benefits of owning Nnit AS security.