Opera Stock Chance of Future Stock Price Finishing Over 12.88
| OPRA Stock | USD 20.19 0.89 4.61% |
Opera |
Opera Target Price Odds to finish over 12.88
The tendency of Opera 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 $ 12.88 in 90 days |
| 20.19 | 90 days | 12.88 | roughly 96.0 |
Based on a normal probability distribution, the odds of Opera to stay above $ 12.88 in 90 days from now is roughly 96.0 (This Opera probability density function shows the probability of Opera Stock to fall within a particular range of prices over 90 days) . Probability of Opera price to stay between $ 12.88 and its current price of $20.19 at the end of the 90-day period is over 95.66 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.14 . This indicates Opera market returns are sensitive to returns on the market. As the market goes up or down, Opera is expected to follow. Additionally Opera has an alpha of 0.3976, implying that it can generate a 0.4 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Opera Price Density |
| Price |
Predictive Modules for Opera
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Opera. 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.Opera Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Opera is not an exception. The market had few large corrections towards the Opera'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 Opera, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Opera within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.40 | |
β | Beta against Dow Jones | 1.14 | |
σ | Overall volatility | 1.73 | |
Ir | Information ratio | 0.14 |
Opera 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 Opera for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Opera can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Opera is unlikely to experience financial distress in the next 2 years | |
| Latest headline from gurufocus.com: Opera Ltd Shares Up 3.01 percent on Nov 22 |
Opera 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 Opera Stock often depends not only on the future outlook of the current and potential Opera'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. Opera's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 90.9 M | |
| Cash And Short Term Investments | 93.9 M |
Opera Technical Analysis
Opera's future price can be derived by breaking down and analyzing its technical indicators over time. Opera Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Opera. In general, you should focus on analyzing Opera Stock price patterns and their correlations with different microeconomic environments and drivers.
Opera Predictive Forecast Models
Opera's time-series forecasting models is one of many Opera'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 Opera'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 Opera
Checking the ongoing alerts about Opera for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Opera help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Opera is unlikely to experience financial distress in the next 2 years | |
| Latest headline from gurufocus.com: Opera Ltd Shares Up 3.01 percent on Nov 22 |
Check out Opera Backtesting, Opera Valuation, Opera Correlation, Opera Hype Analysis, Opera Volatility, Opera History as well as Opera Performance. For information on how to trade Opera Stock refer to our How to Trade Opera Stock guide.You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Opera. If investors know Opera will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Opera listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.111 | Dividend Share 0.8 | Earnings Share 1.8 | Revenue Per Share 5.073 | Quarterly Revenue Growth 0.2 |
The market value of Opera is measured differently than its book value, which is the value of Opera that is recorded on the company's balance sheet. Investors also form their own opinion of Opera's value that differs from its market value or its book value, called intrinsic value, which is Opera's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Opera's market value can be influenced by many factors that don't directly affect Opera's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Opera's value and its price as these two are different measures arrived at by different means. Investors typically determine if Opera is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Opera's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.