Outokumpu Oyj Adr Stock Probability of Future Pink Sheet Price Finishing Over 1.72
| OUTKY Stock | USD 1.65 0.01 0.60% |
Outokumpu |
Outokumpu Oyj Target Price Odds to finish over 1.72
The tendency of Outokumpu Pink Sheet 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 $ 1.72 or more in 90 days |
| 1.65 | 90 days | 1.72 | about 88.18 |
Based on a normal probability distribution, the odds of Outokumpu Oyj to move over $ 1.72 or more in 90 days from now is about 88.18 (This Outokumpu Oyj ADR probability density function shows the probability of Outokumpu Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Outokumpu Oyj ADR price to stay between its current price of $ 1.65 and $ 1.72 at the end of the 90-day period is about 10.05 .
Assuming the 90 days horizon Outokumpu Oyj ADR has a beta of -0.0887. This indicates as returns on the benchmark increase, returns on holding Outokumpu Oyj are expected to decrease at a much lower rate. During a bear market, however, Outokumpu Oyj ADR is likely to outperform the market. Additionally Outokumpu Oyj ADR 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. Outokumpu Oyj Price Density |
| Price |
Predictive Modules for Outokumpu Oyj
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Outokumpu Oyj ADR. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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.Outokumpu Oyj Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Outokumpu Oyj is not an exception. The market had few large corrections towards the Outokumpu Oyj'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 Outokumpu Oyj ADR, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Outokumpu Oyj within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.12 | |
β | Beta against Dow Jones | -0.09 | |
σ | Overall volatility | 0.08 | |
Ir | Information ratio | -0.21 |
Outokumpu Oyj 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 Outokumpu Oyj for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Outokumpu Oyj ADR can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Outokumpu Oyj ADR generated a negative expected return over the last 90 days | |
| Outokumpu Oyj ADR may become a speculative penny stock |
Outokumpu Oyj 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 Outokumpu Pink Sheet often depends not only on the future outlook of the current and potential Outokumpu Oyj'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. Outokumpu Oyj's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 444.1 M |
Outokumpu Oyj Technical Analysis
Outokumpu Oyj's future price can be derived by breaking down and analyzing its technical indicators over time. Outokumpu Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Outokumpu Oyj ADR. In general, you should focus on analyzing Outokumpu Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Outokumpu Oyj Predictive Forecast Models
Outokumpu Oyj's time-series forecasting models is one of many Outokumpu Oyj's pink sheet 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 Outokumpu Oyj'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 pink sheet market movement and maximize returns from investment trading.
Things to note about Outokumpu Oyj ADR
Checking the ongoing alerts about Outokumpu Oyj for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Outokumpu Oyj ADR help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Outokumpu Oyj ADR generated a negative expected return over the last 90 days | |
| Outokumpu Oyj ADR may become a speculative penny stock |
Additional Tools for Outokumpu Pink Sheet Analysis
When running Outokumpu Oyj's price analysis, check to measure Outokumpu Oyj's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Outokumpu Oyj is operating at the current time. Most of Outokumpu Oyj's value examination focuses on studying past and present price action to predict the probability of Outokumpu Oyj's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Outokumpu Oyj's price. Additionally, you may evaluate how the addition of Outokumpu Oyj to your portfolios can decrease your overall portfolio volatility.