Odfjell Technology (Norway) Probability of Future Stock Price Finishing Over 49.73
| OTL Stock | 48.00 0.85 1.80% |
Odfjell |
Odfjell Technology Target Price Odds to finish over 49.73
The tendency of Odfjell 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 49.73 or more in 90 days |
| 48.00 | 90 days | 49.73 | about 27.22 |
Based on a normal probability distribution, the odds of Odfjell Technology to move over 49.73 or more in 90 days from now is about 27.22 (This Odfjell Technology probability density function shows the probability of Odfjell Stock to fall within a particular range of prices over 90 days) . Probability of Odfjell Technology price to stay between its current price of 48.00 and 49.73 at the end of the 90-day period is about 33.33 .
Assuming the 90 days trading horizon Odfjell Technology has a beta of 0.29. This indicates as returns on the market go up, Odfjell Technology average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Odfjell Technology will be expected to be much smaller as well. Additionally Odfjell Technology 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. Odfjell Technology Price Density |
| Price |
Predictive Modules for Odfjell Technology
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Odfjell Technology. 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.Odfjell Technology Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Odfjell Technology is not an exception. The market had few large corrections towards the Odfjell Technology'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 Odfjell Technology, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Odfjell Technology within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.16 | |
β | Beta against Dow Jones | 0.29 | |
σ | Overall volatility | 1.98 | |
Ir | Information ratio | -0.11 |
Odfjell Technology 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 Odfjell Technology for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Odfjell Technology can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Odfjell Technology generated a negative expected return over the last 90 days | |
| About 66.0% of the company outstanding shares are owned by corporate insiders |
Odfjell Technology Technical Analysis
Odfjell Technology's future price can be derived by breaking down and analyzing its technical indicators over time. Odfjell Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Odfjell Technology. In general, you should focus on analyzing Odfjell Stock price patterns and their correlations with different microeconomic environments and drivers.
Odfjell Technology Predictive Forecast Models
Odfjell Technology's time-series forecasting models is one of many Odfjell Technology'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 Odfjell Technology'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 Odfjell Technology
Checking the ongoing alerts about Odfjell Technology for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Odfjell Technology help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Odfjell Technology generated a negative expected return over the last 90 days | |
| About 66.0% of the company outstanding shares are owned by corporate insiders |
Other Information on Investing in Odfjell Stock
Odfjell Technology financial ratios help investors to determine whether Odfjell 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 Odfjell with respect to the benefits of owning Odfjell Technology security.