Norbit ASA (Norway) Probability of Future Stock Price Finishing Over 87.94
| NORBT Stock | NOK 96.30 1.10 1.16% |
Norbit |
Norbit ASA Target Price Odds to finish over 87.94
The tendency of Norbit 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 above 87.94 in 90 days |
| 96.30 | 90 days | 87.94 | about 75.24 |
Based on a normal probability distribution, the odds of Norbit ASA to stay above 87.94 in 90 days from now is about 75.24 (This Norbit ASA probability density function shows the probability of Norbit Stock to fall within a particular range of prices over 90 days) . Probability of Norbit ASA price to stay between 87.94 and its current price of 96.3 at the end of the 90-day period is about 66.34 .
Assuming the 90 days trading horizon Norbit ASA has a beta of -0.37. This indicates as returns on the benchmark increase, returns on holding Norbit ASA are expected to decrease at a much lower rate. During a bear market, however, Norbit ASA is likely to outperform the market. Additionally Norbit ASA has an alpha of 0.0927, implying that it can generate a 0.0927 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Norbit ASA Price Density |
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Predictive Modules for Norbit ASA
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Norbit ASA. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Norbit ASA's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Norbit ASA Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Norbit ASA is not an exception. The market had few large corrections towards the Norbit ASA'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 Norbit ASA, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Norbit ASA within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.09 | |
β | Beta against Dow Jones | -0.37 | |
σ | Overall volatility | 4.12 | |
Ir | Information ratio | -0.04 |
Norbit ASA 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 Norbit ASA for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Norbit ASA can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| About 66.0% of the company outstanding shares are owned by corporate insiders |
Norbit ASA 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 Norbit Stock often depends not only on the future outlook of the current and potential Norbit ASA'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. Norbit ASA's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 58.5 M | |
| Cash And Short Term Investments | 21.7 M |
Norbit ASA Technical Analysis
Norbit ASA's future price can be derived by breaking down and analyzing its technical indicators over time. Norbit Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Norbit ASA. In general, you should focus on analyzing Norbit Stock price patterns and their correlations with different microeconomic environments and drivers.
Norbit ASA Predictive Forecast Models
Norbit ASA's time-series forecasting models is one of many Norbit ASA'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 Norbit ASA'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 Norbit ASA
Checking the ongoing alerts about Norbit ASA for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Norbit ASA help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| About 66.0% of the company outstanding shares are owned by corporate insiders |
Other Information on Investing in Norbit Stock
Norbit ASA financial ratios help investors to determine whether Norbit 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 Norbit with respect to the benefits of owning Norbit ASA security.