ScandBook Holding (Sweden) Probability of Future Stock Price Finishing Under 30.75
| SBOK Stock | SEK 32.80 0.20 0.61% |
ScandBook |
ScandBook Holding Target Price Odds to finish below 30.75
The tendency of ScandBook 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 drop to kr 30.75 or more in 90 days |
| 32.80 | 90 days | 30.75 | about 1.21 |
Based on a normal probability distribution, the odds of ScandBook Holding to drop to kr 30.75 or more in 90 days from now is about 1.21 (This ScandBook Holding AB probability density function shows the probability of ScandBook Stock to fall within a particular range of prices over 90 days) . Probability of ScandBook Holding price to stay between kr 30.75 and its current price of kr32.8 at the end of the 90-day period is about 21.1 .
Assuming the 90 days trading horizon ScandBook Holding AB has a beta of -0.0356. This usually implies as returns on the benchmark increase, returns on holding ScandBook Holding are expected to decrease at a much lower rate. During a bear market, however, ScandBook Holding AB is likely to outperform the market. Additionally ScandBook Holding AB has an alpha of 0.1299, implying that it can generate a 0.13 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). ScandBook Holding Price Density |
| Price |
Predictive Modules for ScandBook Holding
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ScandBook Holding. 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.ScandBook Holding Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. ScandBook Holding is not an exception. The market had few large corrections towards the ScandBook Holding'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 ScandBook Holding AB, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of ScandBook Holding within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.13 | |
β | Beta against Dow Jones | -0.04 | |
σ | Overall volatility | 1.38 | |
Ir | Information ratio | 0 |
ScandBook Holding 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 ScandBook Holding for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for ScandBook Holding can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| About 57.0% of the company outstanding shares are owned by corporate insiders |
ScandBook Holding 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 ScandBook Stock often depends not only on the future outlook of the current and potential ScandBook Holding'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. ScandBook Holding's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 4.6 M | |
| Cash And Short Term Investments | 23.4 M |
ScandBook Holding Technical Analysis
ScandBook Holding's future price can be derived by breaking down and analyzing its technical indicators over time. ScandBook Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of ScandBook Holding AB. In general, you should focus on analyzing ScandBook Stock price patterns and their correlations with different microeconomic environments and drivers.
ScandBook Holding Predictive Forecast Models
ScandBook Holding's time-series forecasting models is one of many ScandBook Holding'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 ScandBook Holding'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 ScandBook Holding
Checking the ongoing alerts about ScandBook Holding for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for ScandBook Holding help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| About 57.0% of the company outstanding shares are owned by corporate insiders |
Additional Tools for ScandBook Stock Analysis
When running ScandBook Holding's price analysis, check to measure ScandBook Holding'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 ScandBook Holding is operating at the current time. Most of ScandBook Holding's value examination focuses on studying past and present price action to predict the probability of ScandBook Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ScandBook Holding's price. Additionally, you may evaluate how the addition of ScandBook Holding to your portfolios can decrease your overall portfolio volatility.