Observe Medical (Norway) Probability of Future Stock Price Finishing Over 0.39
| OBSRV Stock | NOK 0.38 0.01 2.56% |
Observe |
Observe Medical Target Price Odds to finish over 0.39
The tendency of Observe 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 0.39 or more in 90 days |
| 0.38 | 90 days | 0.39 | about 26.01 |
Based on a normal probability distribution, the odds of Observe Medical to move over 0.39 or more in 90 days from now is about 26.01 (This Observe Medical Asa probability density function shows the probability of Observe Stock to fall within a particular range of prices over 90 days) . Probability of Observe Medical Asa price to stay between its current price of 0.38 and 0.39 at the end of the 90-day period is about 11.38 .
Assuming the 90 days trading horizon the stock has the beta coefficient of 1.16 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Observe Medical will likely underperform. Additionally Observe Medical 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. Observe Medical Price Density |
| Price |
Predictive Modules for Observe Medical
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Observe Medical 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 Observe Medical'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.
Observe Medical Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Observe Medical is not an exception. The market had few large corrections towards the Observe Medical'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 Observe Medical Asa, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Observe Medical within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.02 | |
β | Beta against Dow Jones | 1.16 | |
σ | Overall volatility | 0.03 | |
Ir | Information ratio | 0.000038 |
Observe Medical 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 Observe Medical for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Observe Medical 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.| Observe Medical Asa had very high historical volatility over the last 90 days | |
| Observe Medical Asa has some characteristics of a very speculative penny stock | |
| Observe Medical Asa has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 24.04 M. Net Loss for the year was (26.32 M) with profit before overhead, payroll, taxes, and interest of 9.52 M. | |
| Observe Medical Asa has accumulated about 2.86 M in cash with (22.13 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.72, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 55.0% of the company outstanding shares are owned by corporate insiders |
Observe Medical 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 Observe Stock often depends not only on the future outlook of the current and potential Observe Medical'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. Observe Medical's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 24.5 M | |
| Cash And Short Term Investments | 2.9 M |
Observe Medical Technical Analysis
Observe Medical's future price can be derived by breaking down and analyzing its technical indicators over time. Observe Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Observe Medical Asa. In general, you should focus on analyzing Observe Stock price patterns and their correlations with different microeconomic environments and drivers.
Observe Medical Predictive Forecast Models
Observe Medical's time-series forecasting models is one of many Observe Medical'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 Observe Medical'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 Observe Medical Asa
Checking the ongoing alerts about Observe Medical for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Observe Medical Asa help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Observe Medical Asa had very high historical volatility over the last 90 days | |
| Observe Medical Asa has some characteristics of a very speculative penny stock | |
| Observe Medical Asa has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 24.04 M. Net Loss for the year was (26.32 M) with profit before overhead, payroll, taxes, and interest of 9.52 M. | |
| Observe Medical Asa has accumulated about 2.86 M in cash with (22.13 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.72, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 55.0% of the company outstanding shares are owned by corporate insiders |
Other Information on Investing in Observe Stock
Observe Medical financial ratios help investors to determine whether Observe 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 Observe with respect to the benefits of owning Observe Medical security.