Redsense Medical (Sweden) Probability of Future Stock Price Finishing Over 21.17
| REDS Stock | SEK 7.10 0.02 0.28% |
Redsense |
Redsense Medical Target Price Odds to finish over 21.17
The tendency of Redsense 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 kr 21.17 or more in 90 days |
| 7.10 | 90 days | 21.17 | close to zero percent |
Based on a normal probability distribution, the odds of Redsense Medical to move over kr 21.17 or more in 90 days from now is close to zero percent (This Redsense Medical AB probability density function shows the probability of Redsense Stock to fall within a particular range of prices over 90 days) . Probability of Redsense Medical price to stay between its current price of kr 7.10 and kr 21.17 at the end of the 90-day period is about 37.92 .
Assuming the 90 days trading horizon Redsense Medical has a beta of 0.3 indicating as returns on the market go up, Redsense Medical average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Redsense Medical AB will be expected to be much smaller as well. Additionally Redsense Medical AB 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. Redsense Medical Price Density |
| Price |
Predictive Modules for Redsense 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 Redsense Medical. 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.Redsense Medical Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Redsense Medical is not an exception. The market had few large corrections towards the Redsense 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 Redsense Medical AB, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Redsense Medical within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.04 | |
β | Beta against Dow Jones | 0.30 | |
σ | Overall volatility | 0.39 | |
Ir | Information ratio | -0.03 |
Redsense 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 Redsense Medical for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Redsense Medical can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Redsense Medical had very high historical volatility over the last 90 days | |
| Redsense Medical has accumulated kr3.04 Million in debt which can lead to volatile earnings | |
| Net Loss for the year was (6.94 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Redsense Medical AB has accumulated about 3.12 M in cash with (7.09 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.28. |
Redsense Medical Technical Analysis
Redsense Medical's future price can be derived by breaking down and analyzing its technical indicators over time. Redsense Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Redsense Medical AB. In general, you should focus on analyzing Redsense Stock price patterns and their correlations with different microeconomic environments and drivers.
Redsense Medical Predictive Forecast Models
Redsense Medical's time-series forecasting models is one of many Redsense 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 Redsense 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 Redsense Medical
Checking the ongoing alerts about Redsense Medical for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Redsense Medical help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Redsense Medical had very high historical volatility over the last 90 days | |
| Redsense Medical has accumulated kr3.04 Million in debt which can lead to volatile earnings | |
| Net Loss for the year was (6.94 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Redsense Medical AB has accumulated about 3.12 M in cash with (7.09 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.28. |
Additional Tools for Redsense Stock Analysis
When running Redsense Medical's price analysis, check to measure Redsense Medical'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 Redsense Medical is operating at the current time. Most of Redsense Medical's value examination focuses on studying past and present price action to predict the probability of Redsense Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Redsense Medical's price. Additionally, you may evaluate how the addition of Redsense Medical to your portfolios can decrease your overall portfolio volatility.