Norske Skog (Norway) Probability of Future Stock Price Finishing Under 20.82
| NSKOG Stock | NOK 21.60 2.70 11.11% |
Norske |
Norske Skog Target Price Odds to finish below 20.82
The tendency of Norske 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 20.82 or more in 90 days |
| 21.60 | 90 days | 20.82 | about 8.02 |
Based on a normal probability distribution, the odds of Norske Skog to drop to 20.82 or more in 90 days from now is about 8.02 (This Norske Skog Asa probability density function shows the probability of Norske Stock to fall within a particular range of prices over 90 days) . Probability of Norske Skog Asa price to stay between 20.82 and its current price of 21.6 at the end of the 90-day period is about 1.93 .
Assuming the 90 days trading horizon Norske Skog has a beta of 0.16. This indicates as returns on the market go up, Norske Skog average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Norske Skog Asa will be expected to be much smaller as well. Additionally Norske Skog Asa 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. Norske Skog Price Density |
| Price |
Predictive Modules for Norske Skog
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Norske Skog 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.Norske Skog Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Norske Skog is not an exception. The market had few large corrections towards the Norske Skog'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 Norske Skog Asa, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Norske Skog within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.64 | |
β | Beta against Dow Jones | 0.16 | |
σ | Overall volatility | 6.55 | |
Ir | Information ratio | -0.21 |
Norske Skog 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 Norske Skog for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Norske Skog 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.| Norske Skog Asa generated a negative expected return over the last 90 days | |
| Norske Skog Asa has high historical volatility and very poor performance | |
| Norske Skog Asa has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 9.85 B. Net Loss for the year was (363 M) with profit before overhead, payroll, taxes, and interest of 3.39 B. | |
| About 21.0% of the company outstanding shares are owned by corporate insiders |
Norske Skog 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 Norske Stock often depends not only on the future outlook of the current and potential Norske Skog'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. Norske Skog's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 107.5 M | |
| Cash And Short Term Investments | 1.5 B |
Norske Skog Technical Analysis
Norske Skog's future price can be derived by breaking down and analyzing its technical indicators over time. Norske Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Norske Skog Asa. In general, you should focus on analyzing Norske Stock price patterns and their correlations with different microeconomic environments and drivers.
Norske Skog Predictive Forecast Models
Norske Skog's time-series forecasting models is one of many Norske Skog'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 Norske Skog'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 Norske Skog Asa
Checking the ongoing alerts about Norske Skog for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Norske Skog Asa help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Norske Skog Asa generated a negative expected return over the last 90 days | |
| Norske Skog Asa has high historical volatility and very poor performance | |
| Norske Skog Asa has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 9.85 B. Net Loss for the year was (363 M) with profit before overhead, payroll, taxes, and interest of 3.39 B. | |
| About 21.0% of the company outstanding shares are owned by corporate insiders |
Other Information on Investing in Norske Stock
Norske Skog financial ratios help investors to determine whether Norske 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 Norske with respect to the benefits of owning Norske Skog security.