Sandvik Ab Adr Stock Probability of Future Pink Sheet Price Finishing Under 20.44
| SDVKY Stock | USD 19.32 0.33 1.68% |
Sandvik |
Sandvik AB Target Price Odds to finish below 20.44
The tendency of Sandvik 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 stay under $ 20.44 after 90 days |
| 19.32 | 90 days | 20.44 | about 64.65 |
Based on a normal probability distribution, the odds of Sandvik AB to stay under $ 20.44 after 90 days from now is about 64.65 (This Sandvik AB ADR probability density function shows the probability of Sandvik Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Sandvik AB ADR price to stay between its current price of $ 19.32 and $ 20.44 at the end of the 90-day period is about 36.34 .
Assuming the 90 days horizon Sandvik AB ADR has a beta of -0.1. This usually implies as returns on the benchmark increase, returns on holding Sandvik AB are expected to decrease at a much lower rate. During a bear market, however, Sandvik AB ADR is likely to outperform the market. Additionally Sandvik AB ADR has an alpha of 0.0063, implying that it can generate a 0.006269 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Sandvik AB Price Density |
| Price |
Predictive Modules for Sandvik 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 Sandvik AB 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.Sandvik AB Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Sandvik AB is not an exception. The market had few large corrections towards the Sandvik 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 Sandvik AB ADR, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Sandvik AB within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.01 | |
β | Beta against Dow Jones | -0.1 | |
σ | Overall volatility | 1.18 | |
Ir | Information ratio | -0.07 |
Sandvik 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 Sandvik AB for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Sandvik AB 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.| Sandvik AB ADR generated a negative expected return over the last 90 days |
Sandvik 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 Sandvik Pink Sheet often depends not only on the future outlook of the current and potential Sandvik 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. Sandvik AB's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.3 B | |
| Cash And Short Term Investments | 13.6 B |
Sandvik AB Technical Analysis
Sandvik AB's future price can be derived by breaking down and analyzing its technical indicators over time. Sandvik Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Sandvik AB ADR. In general, you should focus on analyzing Sandvik Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Sandvik AB Predictive Forecast Models
Sandvik AB's time-series forecasting models is one of many Sandvik AB'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 Sandvik 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 pink sheet market movement and maximize returns from investment trading.
Things to note about Sandvik AB ADR
Checking the ongoing alerts about Sandvik AB for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Sandvik AB ADR help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Sandvik AB ADR generated a negative expected return over the last 90 days |
Additional Tools for Sandvik Pink Sheet Analysis
When running Sandvik AB's price analysis, check to measure Sandvik 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 Sandvik AB is operating at the current time. Most of Sandvik AB's value examination focuses on studying past and present price action to predict the probability of Sandvik 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 Sandvik AB's price. Additionally, you may evaluate how the addition of Sandvik AB to your portfolios can decrease your overall portfolio volatility.