Scibase AB (Sweden) Probability of Future Stock Price Finishing Over 0.39
| SCIB Stock | SEK 0.39 0.04 11.43% |
Scibase |
Scibase AB Target Price Odds to finish over 0.39
The tendency of Scibase 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 above the current price in 90 days |
| 0.39 | 90 days | 0.39 | about 81.45 |
Based on a normal probability distribution, the odds of Scibase AB to move above the current price in 90 days from now is about 81.45 (This Scibase AB probability density function shows the probability of Scibase Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Scibase AB has a beta of -0.14. This usually implies as returns on the benchmark increase, returns on holding Scibase AB are expected to decrease at a much lower rate. During a bear market, however, Scibase AB is likely to outperform the market. Additionally Scibase AB has an alpha of 0.0418, implying that it can generate a 0.0418 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Scibase AB Price Density |
| Price |
Predictive Modules for Scibase AB
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Scibase AB. 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.Scibase AB Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Scibase AB is not an exception. The market had few large corrections towards the Scibase AB'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 Scibase AB, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Scibase AB within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.04 | |
β | Beta against Dow Jones | -0.14 | |
σ | Overall volatility | 0.06 | |
Ir | Information ratio | -0.02 |
Scibase AB 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 Scibase AB for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Scibase AB can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Scibase AB generated a negative expected return over the last 90 days | |
| Scibase AB has high historical volatility and very poor performance | |
| Scibase AB has some characteristics of a very speculative penny stock | |
| The company reported the revenue of 11.73 M. Net Loss for the year was (41.78 M) with profit before overhead, payroll, taxes, and interest of 11.23 M. | |
| Scibase AB has accumulated about 65.61 M in cash with (39.5 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.49, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 26.0% of the company outstanding shares are owned by corporate insiders |
Scibase AB 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 Scibase Stock often depends not only on the future outlook of the current and potential Scibase AB'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. Scibase AB's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 62.7 M | |
| Cash And Short Term Investments | 65.6 M |
Scibase AB Technical Analysis
Scibase AB's future price can be derived by breaking down and analyzing its technical indicators over time. Scibase Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Scibase AB. In general, you should focus on analyzing Scibase Stock price patterns and their correlations with different microeconomic environments and drivers.
Scibase AB Predictive Forecast Models
Scibase AB's time-series forecasting models is one of many Scibase AB'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 Scibase AB'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 Scibase AB
Checking the ongoing alerts about Scibase AB for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Scibase AB help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Scibase AB generated a negative expected return over the last 90 days | |
| Scibase AB has high historical volatility and very poor performance | |
| Scibase AB has some characteristics of a very speculative penny stock | |
| The company reported the revenue of 11.73 M. Net Loss for the year was (41.78 M) with profit before overhead, payroll, taxes, and interest of 11.23 M. | |
| Scibase AB has accumulated about 65.61 M in cash with (39.5 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.49, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 26.0% of the company outstanding shares are owned by corporate insiders |
Additional Tools for Scibase Stock Analysis
When running Scibase AB's price analysis, check to measure Scibase AB'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 Scibase AB is operating at the current time. Most of Scibase AB's value examination focuses on studying past and present price action to predict the probability of Scibase AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Scibase AB's price. Additionally, you may evaluate how the addition of Scibase AB to your portfolios can decrease your overall portfolio volatility.