Scandinavian Medical (Denmark) Probability of Future Stock Price Finishing Under 1.98
| SMSMED Stock | 6.06 0.08 1.34% |
Scandinavian |
Scandinavian Medical Target Price Odds to finish below 1.98
The tendency of Scandinavian 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 1.98 or more in 90 days |
| 6.06 | 90 days | 1.98 | near 1 |
Based on a normal probability distribution, the odds of Scandinavian Medical to drop to 1.98 or more in 90 days from now is near 1 (This Scandinavian Medical Solutions probability density function shows the probability of Scandinavian Stock to fall within a particular range of prices over 90 days) . Probability of Scandinavian Medical price to stay between 1.98 and its current price of 6.06 at the end of the 90-day period is about 25.19 .
Assuming the 90 days trading horizon Scandinavian Medical has a beta of 0.0253. This usually implies as returns on the market go up, Scandinavian Medical average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Scandinavian Medical Solutions will be expected to be much smaller as well. Additionally Scandinavian Medical Solutions 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. Scandinavian Medical Price Density |
| Price |
Predictive Modules for Scandinavian 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 Scandinavian 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Scandinavian Medical's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Scandinavian Medical Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Scandinavian Medical is not an exception. The market had few large corrections towards the Scandinavian 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 Scandinavian Medical Solutions, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Scandinavian Medical within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.08 | |
β | Beta against Dow Jones | 0.03 | |
σ | Overall volatility | 0.27 | |
Ir | Information ratio | -0.07 |
Scandinavian 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 Scandinavian Medical for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Scandinavian 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.| Scandinavian Medical generated a negative expected return over the last 90 days |
Scandinavian Medical Technical Analysis
Scandinavian Medical's future price can be derived by breaking down and analyzing its technical indicators over time. Scandinavian Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Scandinavian Medical Solutions. In general, you should focus on analyzing Scandinavian Stock price patterns and their correlations with different microeconomic environments and drivers.
Scandinavian Medical Predictive Forecast Models
Scandinavian Medical's time-series forecasting models is one of many Scandinavian 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 Scandinavian 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 Scandinavian Medical
Checking the ongoing alerts about Scandinavian Medical for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Scandinavian Medical help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Scandinavian Medical generated a negative expected return over the last 90 days |