Saga Pure (Norway) Probability of Future Stock Price Finishing Over 1.48
| SAGA Stock | NOK 1.27 0.01 0.78% |
Saga |
Saga Pure Target Price Odds to finish over 1.48
The tendency of Saga 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 1.48 or more in 90 days |
| 1.27 | 90 days | 1.48 | near 1 |
Based on a normal probability distribution, the odds of Saga Pure to move over 1.48 or more in 90 days from now is near 1 (This Saga Pure ASA probability density function shows the probability of Saga Stock to fall within a particular range of prices over 90 days) . Probability of Saga Pure ASA price to stay between its current price of 1.27 and 1.48 at the end of the 90-day period is about 66.75 .
Assuming the 90 days trading horizon Saga Pure has a beta of 0.34. This usually implies as returns on the market go up, Saga Pure average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Saga Pure ASA will be expected to be much smaller as well. Additionally Saga Pure 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. Saga Pure Price Density |
| Price |
Predictive Modules for Saga Pure
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Saga Pure 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.Saga Pure Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Saga Pure is not an exception. The market had few large corrections towards the Saga Pure'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 Saga Pure ASA, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Saga Pure within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.05 | |
β | Beta against Dow Jones | 0.34 | |
σ | Overall volatility | 0.02 | |
Ir | Information ratio | -0.12 |
Saga Pure 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 Saga Pure for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Saga Pure 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.| Saga Pure ASA generated a negative expected return over the last 90 days | |
| Saga Pure ASA may become a speculative penny stock | |
| Saga Pure ASA has accumulated about 134.63 M in cash with (66.26 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.51. | |
| Roughly 59.0% of the company outstanding shares are owned by corporate insiders |
Saga Pure 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 Saga Stock often depends not only on the future outlook of the current and potential Saga Pure'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. Saga Pure's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 478.9 M |
Saga Pure Technical Analysis
Saga Pure's future price can be derived by breaking down and analyzing its technical indicators over time. Saga Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Saga Pure ASA. In general, you should focus on analyzing Saga Stock price patterns and their correlations with different microeconomic environments and drivers.
Saga Pure Predictive Forecast Models
Saga Pure's time-series forecasting models is one of many Saga Pure'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 Saga Pure'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 Saga Pure ASA
Checking the ongoing alerts about Saga Pure for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Saga Pure ASA help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Saga Pure ASA generated a negative expected return over the last 90 days | |
| Saga Pure ASA may become a speculative penny stock | |
| Saga Pure ASA has accumulated about 134.63 M in cash with (66.26 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.51. | |
| Roughly 59.0% of the company outstanding shares are owned by corporate insiders |
Other Information on Investing in Saga Stock
Saga Pure financial ratios help investors to determine whether Saga 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 Saga with respect to the benefits of owning Saga Pure security.